Sarmistha Pal is currenly a Professor at the University of Surrey, Guildford (UK). Previously, she had worked at the University of Wales at Aberystwyth and Cardiff and subsequently at Brunel University in west London.

After completing BSc and MSc in Economics from University of Calcutta (India), she has received MPhil in Economics from St. John’s College, University of Cambridge (UK) and PhD in Economics from the London School of Economics (UK).

She is an applied economist working on issues pertaining to both economics and finance primarily in emerging economies. Her current and recent research includes work on fiscal decentralisation, local politics and local public infrastructure, role of social and religious norms in the provision of local infrastructure, public and private schooling in India and Nepal, Compulsory schooling law, overcrowding and youth crime, dual practice of health professionals, cash transfers, mortality and old age poverty, effects of corruption on foreign ownership, effects of networking on firm financing, role of disclosure and corporate governance on capital structure and firm performance.

Previously she was a Research Fellow at the Centre for Business Research at the University of Cambridge and Development Studies Institute, London School of Economics.

She regularly does consultancy work for various national and International organisations including the IFC and the World Bank.

She joined IZA as a Research Fellow in May 2007. Currently she is also an external research affiliate at the Centre for the Study of African Economies, University of Oxford.

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IZA Publications

IZA Discussion Paper No. 14073
forthcoming as 'Ethnic Diversity, Social Norms and Elite Capture: Theory and Evidence from Indonesia' in: Economica, 2022
IZA Discussion Paper No. 12016
published in: Journal of Comparative Economics, 2021, 49 (2), 442-466
IZA Discussion Paper No. 9808
published in: World Development, 2016, 86, 105–125
IZA Discussion Paper No. 8970
published in: Social Science and Medicine, 2015, 143, 194 - 203
IZA Discussion Paper No. 8270
published as 'Enhancing Excellence: Socially Motivated Private Schools of Nepal' in: Journal of Development Studies, 2019, 55 (5), 765-785
IZA Discussion Paper No. 7076
published in: Journal of Comparative Economics, 2017, 45 (2), 383-409
IZA Discussion Paper No. 6135
revised version forthcoming as 'Economic Reforms and Growth of Private School Enrolment in India: Is There a Cause for Concern?' in: Sonalde Desai, Pallavi Choudhuri, and Amaresh Dubey (eds.), India's Social and Economic Transformation in the 21st Century, Routledge
IZA Discussion Paper No. 5738
published as 'Does business networking boost firms' external financing opportunities? Evidence from Central and Eastern Europe' in: Applied Financial Economics, 2013, 23 (5), 415-432
IZA Discussion Paper No. 4834
revised version published as 'When does leverage hurt productivity growth? A firm-level analysis' in: Journal of International Money and Finance, 2012, 31 (6), 1674-1694
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