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Faculty Profile: Rati Ram

Dr. Rati Ram

Dr. Rati Ram

Dr. Rati Ram, Distinguished Professor of Economics, received his Ph.D. from the University of Chicago and joined the ISU faculty in 1977. He is recognized world-wide for his work in the areas of economic growth and development, income distribution, and human capital. Early in his career, he coauthored a paper with Nobel Laureate Theodore W. Schultz and has published over 130 journal articles and refereed for more than 75 academic journals. Ram also currently serves on the editorial board of three journals. His work has appeared in such top-rated journals as the American Economic Review, Econometrica, Journal of Political Economy, Quarterly Journal of Economics, and the Review of Economics and Statistics and also in such top field journals as the Journal of Development Economics, Economic Development and Cultural Change, and World Development.   “A large part of the external research reputation of the Department of Economics can be attributed to Rati’s research productivity”, said Dr. James Payne, Chair of the Department of Economics.  “What I believe has served Rati well in sustaining his research productivity is his work ethic and persistence in a meticulous examination of published research.”

Some interesting aspects of Ram’s current research includes the effect of income-growth on poverty and the effect of globalization on a country’s economic growth.  He is also studying the relationship between a country’s social capital and the “happiness” of its population as estimated from a large cross-country data set. In addition to his world renowned research, Ram also enjoys teaching. “The interaction with young minds is an intrinsically rewarding experience,” said Ram.  “Throughout the last 30 years, I have come in contact with dozens of students whose outstanding intellectual curiosity is hard to forget and constitutes a source of happiness and optimism even long after they have been gone.”



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