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A headshot of Chitrakalpa Sen

Dr Chitrakalpa Sen MSc (Econ), PhD

Dr Chitrakalpa Sen is Head of Economics at the University of Southampton Delhi. He holds a PhD in Economics from the West Bengal University of Technology, following an MSc and BSc (H) in Economics from the University of Calcutta. His research lies at the intersection of sustainable finance, ESG investing, and financial market dynamics, with particular expertise in volatility modelling, regime switching, and convergence in emerging economies. Chitrakalpa has published widely in leading international journals such as Journal of Economic Surveys, Energy Economics, Resources Policy and the Journal of Cleaner Production, and his work continues to shape debates on the resilience of green investments and the role of financial markets in sustainable growth.

  • Role: Head of Economics
  • Research Interests:
    • Convergence and growth dynamics in emerging economies
    • ESG finance and sustainable investing
    • Financial market complexity and behavioural dynamics
    • Volatility modelling, regime-switching, and higher-order moment connectedness
  • Department: Economics academics

Academic profile

Dr Chitrakalpa Sen is the founding Head of Economics at the University of Southampton Delhi. He joined UoSD in June 2025. He received his PhD from West Bengal University of Technology (now MAKAUT) in 2012. He has previously received a BSc (H) in Economics and MSc in Economics from the University of Calcutta.

Chitrakalpa’s primary research interest includes sustainable finance, green investments, market volatility, and the role of financial markets in fostering long-term resilience, alongside recent work in growth economics. His research is regularly published in leading international peer-reviewed journals.

Chitrakalpa has over 14 years of teaching and research experience. Prior to joining University of Southampton Delhi, he has held senior academic and leadership positions at OP Jindal Global University and other leading Indian institutions. At Jindal Global Business School, he served as the senior associate dean of internationalization and mobility, where he was instrumental in advancing international partnerships, building student exchange pathways, and strengthening global research collaborations.

Publications

Towards a Sustainable Future

Bamel, N., Khatri, K. & Sen, C. (2025). “Towards a Sustainable Future: A Comprehensive Review and Future Directions in Sustainability Reporting Research”. Journal of Economic Surveys. Forthcoming.

Does Distance Matter in Convergence Among Indian States?

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Roy, S. & Sen, C. (2025). Does Distance Matter in Convergence Among Indian States? Asian Development Review.

Beyond the glitter: An empirical assessment of the true risk and hedging role of precious metals

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Sen, C., & Chakrabarti, G. (2024). “Beyond the glitter: An empirical assessment of the true risk and hedging role of precious metals”. Resources Policy, 96, 105238.

Exploring the risk dynamics of US green energy stocks: A green time-varying beta approach

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Sen, C., & Chakrabarti, G. (2024). “Exploring the risk dynamics of US green energy stocks: A green time-varying beta approach”. Energy Economics, 139, 107951.

Performance, Pandemic and Probable Peril

Sen. C. and Chakrabarti, G., (2023), “Performance, Pandemic and Probable Peril: Disentangling Risk, Volatility and Bubbles in FAANG Portfolio”, New York Economic Review, Vol. 53, Fall 2023, pp.115-126

Role of debt in emerging economies: a re-examination of the debt-growth nexus

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Roy, S., and Sen. C., (2022). “Role of debt in emerging economies: A re-examination of the debt-growth nexus”. Macroeconomics and Finance in Emerging Market Economies, pp. 1–22.

Dynamic market risk of green stocks across regions: Where does the devil lie?

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Chakrabarti, G. and C. Sen, (2021), “Dynamic market risk of green stocks across regions: Where does the devil lie?”, Journal of Cleaner Production, Vol. 303, 127028.

An Empirical Inquiry into Per Capita Convergence of Indian States

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Roy, S., Sen, C. and R. Sanyal (2019) “An empirical inquiry into per capita convergence of Indian states”, Global Journal of Emerging Market Economies, Vol. 11, No. 3, pp. 232-247.

Pricing of Green Stocks in India

G. Chakrabarti and C. Sen, (2018) “Pricing of Green Stocks in India”, Empirical Economics Letters, Vol. 7, No. 4.

Study of complexity and allied properties of financial markets

Mukherjee I., Sen, C., Sarkar, A. and A. Giri (2016) “Study of complexity and allied properties of financial markets – theoretical approaches, empirical observations and use of the tools of non-linear dynamics” Chaos and Complexity Letters, International Journal of Dynamical Systems Research, Vol. 10, Issue 1, pp. 37-63.

The efficacy of intervention in a chaotic foreign exchange market: an empirical study in INR-USD exchange rate series

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Chakrabarti G. and C. Sen, (2014), “The Efficacy of Intervention in a Chaotic Foreign Exchange Market: An Empirical Study in INR-USD Exchange Rate Series”, Decision, Indian Institute of Management Calcutta, 41(4), pp. 399-410.

FDI in the Service Sector

Sen, (2011), “FDI in the Service Sector – Propagator of Growth for India?” Theoretical and Applied Economics, Volume XVIII, No. 6(559), pp. 141-156.

The International Journal of Applied Economics and Finance

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Mukherjee I., Sen C. and A. Sarkar, (2011), “Long Memory in Stock Returns: Insights from the Indian Market”, International Journal of Applied Economics and Finance, Volume 5, Number 1, pp. 62-74.

The International Journal of Applied Economics and Finance

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Mukherjee I. Sen C. and A. Sarkar, (2011), “Study of Stylized Facts in Indian Financial Markets”, International Journal of Applied Economics and Finance, Volume 5, Number 1, pp. 127-137.

The International Journal of Applied Economics and Finance

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Chakrabarti G and C. Sen, (2011), “Volatility Regimes and Calendar Anomaly in Foreign Exchange Market”, International Journal of Applied Economics and Finance, Volume 5, Number 2, pp. 97-113.

Evidence of chaos: A Tale of Two Exchange Rates

Sen, C., Chakrabarti, G. and A. Sarkar, (2011), “Evidence of chaos: A Tale of Two Exchange Rates”, The Empirical Economics Letters, Volume 10, No. 8, pp. 777-784.

Indian stock market volatility in recent years: Transmission from global market, regional market and traditional domestic sectors

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Sarkar A., Chakrabarti G. and C. Sen, (2009), “Indian Stock Market Volatility in Recent Years: Transmission from Global Market, Regional Market and Traditional Domestic Sectors”, Journal of Asset Management 10, pp. 63-71.

Volatility in Indian Stock Market in Recent Years

Chakrabarti G., Sen C. and A. Sarkar, (2012), “Volatility in Indian Stock Market in Recent Years: Transmission from Domestic Sectors”, Finance India, XXVI (3).

Research projects

Examining the Impact of Firm Attributes on ESG Disclosure Scores

“Examining the Impact of Firm Attributes on ESG Disclosure Scores” with Komal Khatri (ongoing).

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