People and Research People

People Details

Dr. Vikas KAKKAR


Associate Professor

9-249, Lau Ming Wai Academic Building, City University of Hong Kong
+852 34429707

Research Areas

International Finance
Behavioral Economics


PhD - Economics (University of Rochester)
MA - Economics (University of Rochester)
BStat - Statistics (Indian Statistical Institute)


Dr. Vikas Kakkar obtained his B.Stat. from Indian Statistical Institute in Calcutta, M.A. and Ph.D. from University of Rochester. He is also a Chartered Financial Analyst. His main fields of research are Open Economy Macroeconomics and Applied Econometrics. In particular, his current research focuses on explaining persistent movements in real exchange rates based on different trends in productivities in traded and nontraded goods sectors. He is also interested in Equity Valuation and Applied Game Theory.


Journal Publications and Reviews

Habyarimana, Jean Baptiste; Kakkar, Vikas / Financial Literacy, the risk-as-feelings hypothesis, and passive income generation. December 2022; In: Financial Planning Review. Vol. 5, No. 4

Sekita, Shizuka; Kakkar, Vikas; Ogaki, Masao / Wealth, Financial Literacy and Behavioral Biases in Japan: the Effects of Various Types of Financial Literacy. June 2022; In: Journal of the Japanese and International Economies. Vol. 64

Kakkar, Vikas; Li, King King / Cash or card? Impression management and restaurant tipping behavior. April 2022; In: Journal of Behavioral and Experimental Economics. Vol. 97

Kakkar, Vikas; Yan, Isabel / Real Exchange Rates and Productivity: Evidence from Asia. March 2012; In: Journal of Money, Credit and Banking. Vol. 44, No. 2-4, pp. 301-322

Kakkar, Vikas; Yan, Isabel K.M. / Sectoral capital-labor ratios and total factor productivity: Evidence from Asia. September 2011; In: Review of International Economics. Vol. 19, No. 4, pp. 674-684

Bae, Youngsoo; Kakkar, Vikas; Ogaki, Masao / Money demand in Japan and nonlinear cointegration. September 2006; In: Journal of Money, Credit and Banking. Vol. 38, No. 6, pp. 1659-1667

Fisher, Eric O.N.; Kakkar, Vikas / On the evolution of comparative advantage in matching models. October 2004; In: Journal of International Economics. Vol. 64, No. 1, pp. 169-193

Kakkar, Vikas / The relative price of nontraded goods and sectoral total factor productivity: An empirical investigation. May 2003; In: Review of Economics and Statistics. Vol. 85, No. 2, pp. 444-452

Kakkar, Vikas / Capital-labor ratios and total factor productivity in the Baassa-Samuelson model. 2002; In: Review of International Economics. Vol. 10, No. 1, pp. 166-176

Kakkar, Vikas / Long run real exchange rates: Evidence from Mexico. July 2001; In: Economics Letters. Vol. 72, No. 1, pp. 79-85

Kakkar, Vikas; Ogaki, Masao / Real exchange rates and nontradables: A relative price approach. April 1999; In: Journal of Empirical Finance. Vol. 6, No. 2, pp. 193-215

Conference Papers

Kakkar, Vikas; Ruiz, Elisabet / Determinants of Financial Literacy: Evidence from Spain. November 2016; 1st Conference on Behavioral Economics and Financial Literacy, 28/11/2016 - 29/11/2016, Barcelona, Spain.

KAKKAR, Vikas; YAN, Kit Ming Isabel / Renminbi Misalignment: A Productivity Perspective. May 2015; First Conference on Economic Linkages through International Trade, Investment, Migration and Tourism, 29/05/2015 - 01/06/2015, Hong Kong, China.

KAKKAR, Vikas / Does Mr. Okun Go to Emerging Countries?. January 2015; ALLIED SOCIAL SCIENCE ASSOCIATIONS, 03/01/2015 - 05/01/2015, Boston, United States.

Working Papers

Sekita, Shizuka; Kakkar, Vikas; Ogaki, Masao / Wealth, Financial Literacy and Behavioral Biases in Japan: the Effects of various Types of Financial Literacy. March 2021; Rochester Center for Economic Research Working Paper. pp. 1-28

Chapters, Conference Papers, Creative and Literary Works

Kakkar, Vikas / Long run real exchange rate overvaluation: Evidence from Asia. January 2011; Economic, Political and Social Issues of Asia. pp. 1-28

Kakkar, Vikas; Yan, Isabel; Yip, Vincent / The equilibrium real exchange rate of China: A productivity approach. January 2011; China and Asia in the Global Economy. pp. 123-154

Cheung, Yin-Wong; Kakkar, Vikas; Ma, Guonan / Introduction: The evolving role of Asia in global finance. 2011; The Evolving Role of Asia in Global Finance. Vol. 9, pp. xxi-xxviii

Scholarly Books, Monographs, Reports and Case Studies

KAKKAR, Vikas; CHEUNG, Y W; MA, G N / The evolving role of Asia in global finance. 2011;

keep reading