Staff Photo

Gazi Hassan

Senior Lecturer – Economics

Room:         MSB.2.22
Telephone: (64 7) 858 5164
Email:         E-mailE-mail
Waikato Management School
The University of Waikato
Private Bag 3105
New Zealand
Teaching Responsibilities
Research Interests
Research Expertise


I am an applied economist. I teach macroeconomics, applied econometrics and quantitative methods in economics & finance to undergraduate students. Currently, I am a Senior Lecturer (Assistant Professor as in the US) in Economics at University of Waikato, New Zealand. My primary research field is empirical growth economics, particularly focusing on the econometric issues arising in estimating growth models to measure the impact of remittances, external capital flows, macroeconomic volatility and real exchange rate overvaluation. My current research project are: a) to investigate the effects sovereign country credit ratings on the real sectors; b) effect of gender disaggregated health capital on economic growth; c) behavioural responses of remittances recipient households facing natural disasters; d) debt incurred model of migration and the consequent behaviour of remittances inflow with respect to changes in 'lending rate' in the home country and real exchange rate and e) physical fitness and economic growth. My secondary research field is the determinants of social violence, particularly modelling and measuring how external foreign income and speed of transferring money across the country due to digital technology can affect homicide rate or interpersonal or social conflict. My research papers have either been accepted or appeared at Journal of Development Studies, The World Economy, Economic Modelling, Applied Economics, Journal of Asian Economics, Applied Economics Letters and Applied Financial economics. My administrative functions in the department include carrying out the roles and responsibilities of the Convenors for ECON499/495/399, which are related to  coordinating the fourth year and  honours students' research projects  and also managing economics internship programme through which students gain industry experience.

Dr. Gazi M. Hassan
Department of Economics
University of Waikato
Locked bag 3105, Hamilton
New Zealand

Educational Qualifications:

  • Ph.D. in Economics, 2011                                                      University of Western Sydney, Australia.

  • MA in Economics, 2001                                                           York University, Canada.

  • MA in Economics, 2000                                                           University of Kent at Canterbury, UK.

  • Bachelor in Business Administration, 1996                             North South University, Bangladesh.



Hassan, Gazi and Faria, Joao (Forthcoming) Do remittances diminish social violence? Journal of Development Studies

Hassan, Gazi and Holmes, Mark (Forthcoming) Do remittances facilitate a sustainable current account? The World Economy

Hassan, Gazi and Cooray, Arusha (Forthcoming), Effects of male and female education on economic growth: Some evidence from Asia. Journal of Asian Economics 

JnalJoHassan, Gazi and Holmes, Mark (2013). Remittances and the Real Effective Exchange Rate. Applied Economics

Rao, B. Bhaskara and Hassan, Gazi Mainul (2012). An Analysis of the Determinants of the Long-Run Growth Rate of Bangladesh. Applied Economics. Vol. 44 No. 5, pp. 565-580 (iFirst) DOI: 10.1080/00036846.2010.510466

Rao, B. Bhaskara and Hassan, Gazi (2012). Are Direct and Indirect Growth Effects of Remittances Significant? The World EconomyVol. 35, No. 3, pp 351-372. DOI: 10.1111/j.1467-9701.2011.01399.x

Hassan, Gazi and Al refai, H. (2012) Can Macroeconomic Factors Explain Long Run Equity Returns? The Case of Jordan.  Applied Financial Economics. Volume 22, Issue 13 pp. 1029-1041 | DOI: 10.1080/09603107.2011.637892

Rao, B. Bhaskara and Hassan, Gazi (2011). A Panel Data Analysis of Growth Effects of Remittances. Economic Modelling. Vol. 28(1-2), pp. 701 – 709. DOI:10.1016/j.econmod.2010.05.011

Rao, B. Bhaskara and Hassan, Gazi (2011). Determinants of the Long-Run Growth Rate of Bangladesh. Applied Economics Letters.Vol. 18(7), pp. 655 – 658.
        DOI: 10.1080/13504851003800760


Research Interests:

Remittances and Human Behaviour; Macroeconomic Effects of Remittances; Health Capital and Economic Growth; Growth Econometrics and Development Macroeconomics; Sovereign Credit Ratings and Growth Volatility.

Research Grants:

  • Shortlisted for Marsden Fund Fast Start project of the Royal Society of New Zealand - “Endogenous Risk, Behavioural Responses and Remittances” 2012 (Principal Investigator).
  • Received contestable research fund from Waikato Management School for project “Sovereign Credit Rating and Growth Volatility” 2011 (Principal Investigator).
  • Received competitive external fund from UNDP for project “Pro-Poor Macroeconomic Policy” 2007 (Principal Investigator).


Professional Experience:

September 2011 – till now: Lecturer, Department of Economics, Waikato Management School, The University Waikato, Hamilton, New Zealand [Course convenor: Macroeconomics and the Global Economy]

July 2009 – Dec 2010: Sessional Tutor, School of Finance and Economics, University of Technology Sydney (UTS) [Courses: Applied Regression Analysis (Lab instructor for E-VIEWS); Macroeconomics: Theory & Application; Economics for Business]

March 2008 – Dec 2010: Sessional Tutor, School of Economics and Finance, University of Western Sydney [Courses: Economic Modelling (Lab instructor for STATA), Introduction to Economic Methods (Mathematics and Statistics), Macroeconomic Theory, and Principles of Economics]

Conferences and Working Papers:

 Hassan, Gazi and Cooray, Arusha (2012), “The Effect of Female and Male Health on Economic Growth”. Paper presented at the 41st Australian Conference of Economists 2012, Melbourne, 8 -12 July

 Wu, Eliza and Hassan, Gazi (2012), “Sovereign Country Rating, Growth Volatility and Financial Crisis”. Paper presnted at the Econometric Society Australasian Meeting (ESAM) 2012, hosted by Deakin University, Melbourne, 3-6 July

 Hassan, Gazi and Holmes, Mark (2012), “Remittances and Real Exchange Rate”. Paper presented at 53rd Annual NZAE Conference 2012, Palmerston North Conference Centre, Palmerston North 27-29 June

 Hassan, Gazi, Shakur, Shamim and Bhuiyan, Mohammed (2012), “Nonlinear growth effect of remittances in recipient countries: an econometric analysis of remittances-growth nexus in Bangladesh”. Paper presented at 53rd Annual NZAE Conference 2012, Palmerston North Conference Centre, Palmerston North 27-29 June

Hassan, Gazi (2010), “Remittances and Poverty: Panel Evidence from High Remittance Economies”. Paper presented at the 2010 PhD Conference in Economics and Business, organised by Centre for Economic Policy Research, Australian National University , 18-19 November. MPRA Paper 26445, University Library of Munich, Germany.

Hassan, Gazi (2010), “Real Exchange Rate Misalignment in Australia:  Long Run  vs. Short Run” Paper presented at the Postgraduate Research Colloquium, 3-4 November, Parkroyal Hotel, Parramatta, organised by College of Business, University of Western Sydney

Rao, B. Bhaskara and Hassan, Gazi, (2010) “Are Direct and Indirect Growth Effects of Remittances Significant?” Paper presented at the 6th Annual Australasian Development Economics Workshop, 10-11 June, Rydges Hotel, Parramatta

Hassan, Gazi (with Bill Rao), 2009. “How Can We Double Per Capita Incomes in Bangladesh” MPRA Paper 17302, University Library of Munich, Germany. Paper (peer reviewed) presented at the conference Ideas and Innovations for the Development of Bangladesh: the Next Decade at the John F. Kennedy School of Government, Harvard University, October 9 – 10.

 Hassan, Gazi, 2009. “Macroeconomic Effects of Remittances in Bangladesh” Paper presented at the South Asia Studies Summer School and Conference (SASSSC) at the Asia Pacific Week, Australian National University, January 27 – 30

Hassan, Gazi, 2008. “Public Expenditure, Employment and Poverty in Bangladesh: An Empirical Analysis” Policy Support and Advocacy Directorate, Dhaka: UNDP

Hassan, Gazi, 2006. “Factor Accumulation, Macro Policy, and Growth Differential: East Asia vs South Asia”, Working Paper No. 21/06, IDESS, North South University


Work In Progress:

Remittances and Private Investment in Storm Protection.

Do Remittances Mitigate Post Disaster Health Shocks – An Endogenous Health Risk Framework.

Remittances and Human Capital Formation? – Are there Macro Evidences to Supplement Micro Studies?

Are Remittances Conflict Abating? – Some Cross Country Evidence.


Previous Teaching Experience:

Jan 2002 – February 2008: Faculty, School of Business , North South University, Bashundhara, Dhaka 1229, Bangladesh

Sept 2001 – Dec 2001: Tutorial Leader, Schulich School of Business, York University, Canada. (Course: Management)

Jan 2001 – April 2001: Teaching Assistant for Intermediate Microeconomics II, Department of Economics, York University, Canada.

Sept 2000 – Dec 2000: Teaching Assistant for Intermediate Microeconomics I, Department of Economics, York University, Canada.

Jan 2000 – Aug 2000: Part time instructor of economics, East West University, Mohakhali, Dhaka 1212, Bangladesh


Research Work Experience:

February 2011 – July 2011: Research Assistant, ARC Project “Financial Crises, Volatility and Sovereign Ratings”, UTS. I work on the econometric specifications of the effects of ratings and financial crises on realized return and volatility of the equity and forex markets in crosscountry under the supervision of Associate Professor Eliza Wu.

October 2008 – March 2009: Research Assistant, Creative Aging Research Node, College of Business, University of Western Sydney

May 2001 – Dec 2001: Research Assistant (to Pauline Shum and Sam Tian), Schulich School of Business, York University, Canada.

Other Work Experience:

August 2007 – February 2008: Consultant, Centre for Policy Dialogue (CPD), Dhaka, for the UNDP project “Pro Poor Macroeconomic Policy”

Jan 1997 – Sept 1997: Broker, Dhaka Stock Exchange, Motijheel, Dhaka

July 1996 – Dec 1996: Intern, International Labour Organization (ILO), Area Office, Dhaka on the project ‘International Project on the Elimination of Child Labour (IPEC)’ - a worldwide project of ILO.

 Software Knowledge:

STATA, E-VIEWS, RATS, OXMetrics/ssfpack, GAUSS.

Courses Taught :

  1.  Principles of Microeconomics  
  2.  Introduction to Finance
  3. Introduction to Macroeconomics 
  4. Financial Markets and Institutions
  5.  Intermediate Macroeconomics – I 
  6.  Investment Theory
  7.  Financial Economics 
  8.  Corporate Finance
  9.  Introduction to the theory of Statistics 
  10.  Bank Management
  11.  Applied Statistics 
  12.  Applied Mathematics – I 
  13. Applied Mathematics – II 
  14.  Marketing Research