Profile

Atanu Ghoshray joined Newcastle University in 2014 from the University of Bath. His research interests are in primary commodity markets with reference to international trade and development. He has been a Consultant to the Asian Development Bank (ADB) and the United Nations University - World Institute of Development Economics Research (UNU-WIDER).

Research Interests:

Commodity Prices (Prebisch-Singer Hypothesis; Modelling and Forecasting commodity prices; Market Integration, Price Transmission, Law of One Price, Economic Growth)

Applied Econometrics (Persistence, Volatility, Long Run Relationships, Long Memory)

Macroeconomics (Subjective Expectations, Inflation, Unemployment) 

ECO3017 Advanced Time Series Econometrics

ECO1002 Economic Analysis

NBS8565 Applied Time Series Econometrics

• Articles

  • Ghoshray A, Mise E. Whither the price of coffee? An analysis of trends and shocks since the coffee crisis. Empirical Economics 2025, 68, 2655–2672.
  • Ghoshray A, Ghosh M, Lim S. Price Dynamics and Weather Anomalies in Agricultural Supply Chains. Journal of Agricultural and Resource Economics 2025. In Press.
  • Ghoshray A, Lorusso M. Energy consumption, CO2 emissions and economic growth in selected ASEAN countries. Letters in Spatial and Resource Sciences 2025, 18(1), 2.
  • Enilov M, Fazio G, Ghoshray A. Global connectivity between commodity prices and national stock markets: A time-varying MIDAS analysis. International Journal of Finance & Economics 2023, 28(3), 2607-2619.
  • Addison T, Ghoshray A. Discerning trends in international metal prices in the presence of nonstationary volatility. Resource and Energy Economics 2023, 71, 101334.
  • Ghoshray A, Malki I, Ordóñez J. On the long-run dynamics of income and wealth inequality. Empirical Economics 2022, 62(2), 375-408.
  • Ghoshray A, Maliki I. The share of the global energy mix: Signs of convergence?. Bulletin of Economic Research 2021, 73(1), 34-50.
  • Ghoshray A, Pundit M. Economic growth in China and its impact on international commodity prices. International Journal of Finance & Economics 2021, 26(2), 2776-2789.
  • Ghoshray A, Mohan S. Coffee price dynamics: an analysis of the retail-international price margin. European Review of Agricultural Economics 2021, 48(4), 983-1006.
  • Ghoshray A. Are trends stochastic or deterministic? A Reappraisal of persistence in natural resource prices. Land Economics 2021, 97(3), 704-721.
  • Ghoshray A, Monfort M, Ordonez J. Re-examining inequality persistence. Economics 2020, 14, 2020-1.
  • Ghoshray A. Do international primary commodity prices exhibit asymmetric adjustment?. Journal of Commodity Markets 2019, 14, 40-50.
  • Ghoshray A. Are Shocks Transitory or Permanent? An Inquiry into Agricultural Commodity Prices. Journal of Agricultural Economics 2019, 70(1), 26-43.
  • Ghoshray A, Mendoza Y, Monfort M, Ordoñez J. Re-assessing causality between energy consumption and economic growth. PLoS One 2018, 13(11), e0205671.
  • Haiges R, Wang YD, Ghoshray A, Roskilly AP. Optimization of Malaysia’s power generation mix to meet the electricity demand by 2050. Energy Procedia 2018, 1452, 2844-2851.
  • Ghoshray A. How persistent are shocks to energy prices?. Energy Journal 2018, 39(S11), 175-192.
  • Ghoshray A, Ordóñez J, Sala H. Euro, crisis and unemployment: Youth patterns, youth policies?. Economic Modelling 2016, 58, 442-453.
  • Ghoshray A, Perera A. An Empirical Study of Commodity Prices after Sir Arthur Lewis. The Manchester School 2016, 84(4), 551-571.
  • Addison T, Ghoshray A, Stamatogiannis MP. Agricultural Commodity Price Shocks and their Effect on Growth in Sub-Saharan Africa. Journal of Agricultural Economics 2016, 67(1), 47-61.
  • Pradhan R, Arvin M, Ghoshray A. The Dynamics of Economic Growth, Oil Prices, Stock Market Depth, and Other Macroeconomic Variables: Evidence from the G-20 Countries. International Review of Financial Analysis 2015, 39, 84-95.
  • Ghoshray A, Khan FA. New empirical evidence on income convergence. Empirical Economics 2015, 49(1), 343-361.
  • Ghoshray A, Stamatogiannis M. Centurial Evidence of Breaks in the Persistence of Unemployment. Economics Letters 2015, 129, 74-76.
  • Ghoshray A. A Robust Estimation of the Terms of Trade between the United Kingdom and British India, 1858–1947. Economic Modelling 2015, 51, 53-57.
  • Easaw JZ, Ghoshray A, Heravi S. Households' Forming Subjective Expectations Using Perceived News: Do Shocks to 'Good' News Matter More Than 'Bad' News?. The Manchester School 2014, 82(1), 1-16.
  • Ghoshray A, Trifonova T. Dynamic Adjustment of Crude Oil Price Spreads. Energy Journal 2014, 35(1), 119-136.
  • Ghoshray A, Kejriwal M, Wohar M. Breaks, Trends and Unit Roots in Commodity Prices: A Robust Investigation. Studies in Nonlinear Dynamics and Econometrics 2014, 18(1), 23-40.
  • Ghosh M, Ghoshray A, Malki I. Regional Divergence and Club Convergence in India. Economic Modelling 2013, 30, 733-742.
  • Ghoshray A. Dynamic Persistence of Primary Commodity Prices. American Journal of Agricultural Economics 2013, 95(1), 153-164.
  • Li D, Ghoshray A, Morley B. An Empirical Study of Nonlinear Adjustment in the UIP Model Using a Smooth Transition Regression Model. International Review of Financial Analysis 2013, 30, 109-120.
  • Li D, Ghoshray A, Morley B. Measuring the Risk Premium in Uncovered Interest Parity Using the Component GARCH-M Model. International Review of Economics & Finance 2012, 24, 167-176.
  • Easaw JZ, Ghoshray A. 'The Island man's behavior': some microfoundations of how households form macroeconomic expectations. The Manchester School 2011, 79(4), 789-810.
  • Ghoshray A, Ghosh M. How Integrated is the Indian Wheat Market?. Journal of Development Studies 2011, 47(10), 1574-1594.
  • Fosten J, Ghoshray A. Dynamic Persistence in the Unemployment Rate of OECD Countries. Economic Modelling 2011, 28(3), 948-954.
  • Ghoshray A. A Reexamination of Trends in Primary Commodity Prices. Journal of Development Economics 2011, 95(2), 242-251.
  • Ghoshray A, Johnson B. Trends in World Energy Prices. Energy Economics 2010, 32(5), 1147-1156.
  • Ghoshray A. The Extent of the World Coffee Market. Bulletin of Economic Research 2010, 62(1), 97-107.
  • Ghoshray A. Smooth Transition Effects in Price Transmission: The Case of International Wheat Export Prices. Economics Letters 2010, 106(3), 169-171.
  • Easaw JZ, Ghoshray A. News and Households' Subjective Macroeconomic Expectations. Journal of Macroeconomics 2010, 32(1), 469-475.
  • Davies S, Easaw J, Ghoshray A. Mental accounting and remittances: A study of rural Malawian households. Journal of Economic Psychology 2009, 30(3), 321-334.
  • Easaw J, Ghoshray A. The cyclical nature of Consumer Sentiments Indices in the US and UK. Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) 2008, 37(5), 1994-1998.
  • Ghoshray A. Asymmetric price adjustment of Ukrainian feed wheat export prices in relation to U.S. maize exports: A Note. Economics Bulletin 2008, 17(2), 1 - 8.
  • Barassi M, Ghoshray A. Structural Change and Long-run Relationships between US and EU Wheat Export Prices. Journal of Agricultural Economics 2007, 58(1), 76-90.
  • Easaw J, Ghoshray A. Confidence or competence: Do presidencies matter for households' subjective preferences?. European Journal of Political Economy 2007, 23(4), 1025-1037.
  • Ghoshray A. An Examination of the Relationship Between U.S. and Canadian Durum Wheat Prices. Canadian Journal of Agricultural Economics 2007, 55(1), 49-62.
  • Ghoshray A. Market Delineation and Price Leadership in the World Wheat Market: A Cointegration Analysis. Agricultural and Resource Economics Review 2006, 35(2), 1-16.
  • Easaw J, Ghoshray A. Agent-Based Learning in 'Islands' with 'Sticky Information': An Explanation for the Persistence of Real Effects. Journal of Money, Credit and Banking 2006, 38(1), 263-268.
  • Ghoshray A. Asymmetric Price Adjustment and the World Wheat Market. Journal of Agricultural Economics 2002, 53(2), 299-317.

• Report

  • Seah S, McGowan P, Low Yu Xing M, Martinus M, Ghoshray A, Lorusso M, Wong R, Poh Onn L, Elliott L, Setyowati A, Rahman S, Joy Quirapas-Franco M. Energy Transitions in ASEAN COP26 Policy Report. British High Commission Singapore, 2021. UK-Singapore COP26 Universities Network policy reports.