Dr. Arnab Nayak

Associate Professor of Economics


  • PhD, Economics, Purdue University, 2011
  • MA, Economics, Purdue University, 2007
  • MA, Economics, Jadavpur University, India, 2004
  • BA, Economics & Mathematics, Jadavpur University, India, 2002

Graduate Courses Taught

  • Advanced Statistics (Micro-Econometrics), Masters in Business Analytics (MSBA), Mercer University, Atlanta
  • Introduction to R for Business Analytics
  • Applied Data Analytics for MBA, Mercer University
  • Business Statistics for MBA, Mercer University (Online)
  • Business Statistics for MBA, Mercer University (In person)
  • Micro and Macroeconomics for MBA, Mercer University (Online)
  • International Economics for MBA, Mercer University (Online)

Undergraduate Courses Taught

  • Principles of Macroeconomics, Mercer University (Online)
  • Principles of Microeconomics, Mercer University
  • Business Quantitative Analysis, Mercer University
  • Principles of Macroeconomics, Mercer University
  • International Economics, Auburn University (Spring 2012, Fall 2011)
  • Principles of Macroeconomics, Purdue University (Spring 2011, Summer 2009)
  • Principles of Microeconomics, Purdue University (Fall 2008)


  • Econometrics
  • Business Analytics
  • Business Statistics
  • Health Analytics
  • Health Economics
  • Applications of Stata
  • R and Python
  • International Trade Economics
  • Time Series Analysis

Memberships/Leadership Positions

  • American Economic Association
  • Southern Economic Association
  • Western Economic Association
  • Eastern Economic Association

Professional Interests

  • International Business
  • Bio-Pharma Industry
  • Macroeconomics
  • Machine Learning Applications
  • Business Analytics

Other Interests

  • Travel
  • Photography
  • Exploring food culture
  • History and fusing different cuisines

Recent Publications

  • A county-level student of the effects of state-mandated COVID-19 lockdowns on urban and rural restaurant visits using consumers’ cell phone geo-location data. (Journal of Public Health), https://link.springer.com/content/pdf/10.1007/s10389-020-01473-y.pdf
  • Does Variety Fit the Quality Bill? Factor Endowments Driven Differences in Trade, Export Margins, Prices and Production Techniques, (Accepted and forthcoming: Theoretical Economics Letters) (Sole Author)
  • Revisiting the Marriage of Monopolistic Competition and Factor Proportions Theories. Journal of Applied Business and Economics, September 2020, 22(5) pp 137-150 (Sole Author)
  • U.S. county level analysis to determine if social distancing slowed the spread of COVID-19. Pan American journal of public health, 44, e90. This publication was featured in the media https://www.wltz.com/2020/08/28/auburn-university-professor-releases-study-on-social-distancing/
  • Improved Evidence on the Effect of Organizational Factors on the Sensitivity of Donations to Inefficiency. Southern Business Economic Journal (2019), joint with Nick Marudas and Julie Petherbridge.
  • Believe it or Not: Health Education Works***Obesity Research & Clinical Practice, 12 (2018), 116-124. Joint with Tannista Banerjee.
  • Is it the Wage Premium that Targets Worker Turnovers?***Applied Economics Letters. Volume 25, 2018 – Issue 11, Pages 796-799. Joint with Tannista Banerjee Multinational Investment and Product Sophistication. ***Economics Letters, Volume 161, December 2017, Pages 157-163. Joint with Tannista Banerjee Rural-Urban Differences in Durations of Patient-Physician Visit Time. Economics Bulletin, 2017 AccessEcon, vol. 37(2), pages 1191-1209. Joint with Tannista Banerjee.
  • Competition Strategy and Geographical Proximity of Contract Research Organizations, 2017, Theoretical Economics Letters. Vol. 7(5), 1413-1422, joint with Tannista Banerjee Why Trash don’t Pass? Pharmaceutical Licensing and Safety Performance of Drugs. 2017. ***The European Journal of Health Economics. Vol. 18, Issue 1, pp 59-71, joint with Tannista Banerjee.
  • “Comparing Domestic and Cross-Border Mergers and Acquisitions in the Pharmaceutical Industry,” (2015). Atlantic Economic Journal. Volume 43, Issue 4, pp 489-499, joint with Tannista Banerjee.
  • “Effects of Trade Related Intellectual Property Rights on the R&D Expenditure of Indian Pharmaceutical Industry,” Journal of Pharmaceutical Health Services Research, Volume 5, Issue 2, June 2014, Pages 89-94, joint with Tannista Banerjee.
  • “Effect of R&D Outsourcing on New Drug Approvals in the Pharmaceuticals Industry,” joint with Tannista Banerjee, Journal of Pharmaceutical Health Services Research, Volume 4, Issue 1, March 2013, Pages 51-56, joint with Tannista Banerjee.


  • Deloitte Outstanding Performance Award, July 2014
  • Graduate Student Award for Outstanding Teaching (4.2/5), Purdue University, Spring 2011
  • Graduate Student Award for Distinguished Teaching (4.8/5), Purdue University, Maymester 2009
  • Graduate Student Award for Distinguished Teaching (4.8/5), Purdue University, Fall 2008
  • National Merit Scholarship for Graduate Students. Govt. of India. Awarded for outstanding performance in undergraduate classes. 2002-2004

Contact Dr. Nayak


3100 Mercer University Drive
Atlanta, GA 30341
Stetson Hatcher School of Business, Room 204