Staff profile - Shuddha Rafiq

Staff image

Dr Shuddha Rafiq

Position: Lecturer
Faculty or Division: Faculty of Business and Law
Department: BL Deakin Business School
Campus: Melbourne Burwood Campus
Phone: +61 3 924 46272 +61 3 924 46272



Shuddha Rafiq joined Deakin Business School as a Lecturer of Economics in February 2014. Before joining DBS, Dr. Rafiq was a Research Fellow in an ARC (Australian research Council) funded project at Curtin Business School, WA following a Post-Doctoral Fellowship at University of Southern Queensland.

Shuddha’s general research interests lie in the domain of applied and financial econometrics, with a focus on energy, resources, agriculture, commodity markets, trade, climate change and financial institutions. His more recent work focuses on leveraging large databases to generate novel insights and guide policies in commodity and energy prices asymmetries and their non-linear interactions with trade, macro economy and financial intermediaries. He has published articles in several scholarly journals including Energy Economics, Economics Modelling, Applied Energy, Resources Policy, Australian Journal of Agriculture and Resources Economics, Applied Economics, Economic Analysis and Policy, Applied Economics Quarterly, Journal of Economic Development, and International Journal of Emerging Markets. Being an early career researcher he already has Scopus and google scholar h-indexes of 5 and 8 with more than 123 and 250 citations, respectively. At Deakin Business School he teaches Economics for Managers and Applied Econometrics for Economics and Finance to undergraduate and postgraduate students. He is a Deakin accredited supervisor with PhD and honours level research students.

Dr. Rafiq received his Ph.D. in Economics and Finance from Curtin University in 2009.


  • Doctor of Philosophy, Curtin University, 2009
  • GCHE Exempt, Deakin University, 2014


American Economic Association

International Association for Energy Economics (IAEE)

Australian Agricultural and Resource Economics Society

Economic Society of Australia

Professional activities

Google Scholar


Teaching Interests

Economics for Managers


Applied Econometrics for Economics and Finance

International Trade

Corporate Finance

Financial Econometrics

Subjects and units currently teaching

MAE306 Applied Econometrics for Economics and Finance

Student supervision

Honours students supervisions (current and completed)

  • Tony Blok (completed)


Awards and prizes

2012: Highly Commended Paper of 2011 by Emerald Publication.

2010: Early Career Researcher Award, University of Southern Queensland, Australia.

2008: Best Student Paper award in 2nd International Association for Energy Economics (IAEE) Asian Conference, Perth, Western Australia.


Research interests

Applied Economics

Energy Economics

Resources Economics

Commodity Market

Climate Change

Research grants

2015 Deakin University Central Research Grant.

2010 Early Career Researcher Grant, University of Southern Queensland, Australia.

Research page



Rafiq, S., Sgro, P., and Apergis, N. 2016. ‘Asymmetric oil shocks and external balances of major oil exporting and importing countries,’ Energy Economics [Forthcoming]

Rafiq, S., Nielsen, I., and Salim, R. 2016. ‘Urbanization, openness, emissions and energy intensity: A study of increasingly urbanized emerging economies,’ Energy Economics, doi:10.1016/j.eneco.2016.02.007

Rafiq, S., Salim, R. A. and Apergis, N. 2015, ‘Agriculture, trade openness and CO2 emissions: Evidence from linear and nonlinear panel estimations,’ Australian Agricultural and Resource Economics, Volume 59, pp. 1-18

Bloch, H., Rafiq, S. and Salim, R. A. 2015, ‘Economic growth with coal, oil and renewable energy consumption in China: Prospects for fuel substitution,’ Economic Modelling, Volume 44, pp. 104-115

Bhattacharya, M., Rafiq, S. and Bhattacharya, S. 2015. ‘The Role of Technology on the Dynamics of Coal Consumption-Economic Growth: New Evidence from China,’ Applied Energy, 154, pp. 686–695

Munirul, N., Bhattacharya, S., and Rafiq, S. 2015, ‘Mortgage Backed Securities (MBS): Is it a Curse or a Blessing for Australian Home Loans Market?’ Australian Economic Papers, 54(2), pp. 63–134

Page custodian: External Relations Group
Last updated: