Profile image for Abbas Valadkhani

Professor Abbas Valadkhani

Professor, Economics


Professor Valadkhani graduated from the University of Queensland in 1997 and held full-time permanent positions at the University of Newcastle, Queensland University of Technology (QUT), the University of Wollongong (UOW) and the University of New England (UNE).

His research on the cost of living has strong practical implications in the field of public policy. Improving transparency, efficiency and fairness for the good of the public have always been at the heart of his research. His research work in 2016, published in the Conversation and the Guardian, provided a significant policy input for several parliamentarians to conduct an inquiry into how Australia's 'Big Four' banks set interest rates, which was widely publicised by the media. At a Senate Committee inquiry, parliamentarians directly referred to his name and findings when questioning the CEOs of the 'Big Four' banks, resulting in more transparency and competition in the market.

More recently, in recognition of the public policy impact of his research, he received the 2015 Vice-Chancellor’s Research Excellence Award at Swinburne University of Technology. His work on the interest-rate setting behaviour of the Australian big-four banks was immediately read by federal politicians across the political spectrum including the leader of Katter’s Australian Party. In terms of engagement and impact, the Conversation ranked his article among the top six leading articles in its 2016 Stakeholder Report.  He has recently secured several competitive grants from the ARC (DP120102753, Sole CI), Wollongong City Council and Regional Development Australia (2009–2010) and NSW Environmental Trust (2007).

He has supervised nine PhD students to successful completion.


He has recently been ranked in the top 7% of all economists in the world according to the RePEc:

This composite ranking is based on more than 34 different research criteria (including bibliographic data, citation analysis and popularity data). 


(a) The refereed articles are classified by the 2016 ABDC journal ranking. (b) Impact factors are based on the latest Journal Citation Reports. 


Impact factors are based on the latest Journal Citation Reports.

A., Nguyen, J. and Smyth, R. (2018), Consumer Electricity and Gas Prices Across Australian Capital Cities: Structural Breaks, Effects of Policy Reforms and Interstate Differences, Energy Economics, 72, 365-375 (5-Year Impact Factor=3.304).

, A. and Smyth, R. (2018) Asymmetric Responses in the Timing, and Magnitude, of Changes in Australian Monthly Petrol Prices to Daily Oil Price Changes, Energy Economics, 69, 89-100 (5-Year Impact Factor=3.304).

Valadkhani, A., Smyth, R., Worthington, A., (2017) Regional Seasonality in Australian House and Apartment Price Returns, Regional Studies, 51(10), 1553-1567 (5-Year Impact Factor=3.304)

Valadkhani, A., and Smyth, R. (2017), How Do Daily Changes in Oil Prices Affect US Monthly Industrial Output? Energy Economics, 67, 83-90 (5-Year Impact Factor=4.410).

Valadkhani, A., and Smyth, R. (2017) Self-Exciting Effects of House Prices on Unit Prices in Australian Capital Cities, Urban Studies, 54(10) 2376–2394 (Impact Factor=2.364)

Valadkhani, A., Roshdi, I. and Smyth, R. (2016) A Multiplicative Environmental DEA approach to measure efficiency changes in the world's major polluters, Energy Economics, 54, 363–375 (5-Year Impact Factor=4.410).

Valadkhani, A., Smyth, R. and Vahid, F. (2015), Asymmetric Pricing of Diesel at Its Source, Energy Economics, 52, 183-194, (5-Year Impact Factor=4.410).

Valadkhani, A. and O'Mahony, B. (2015), Dynamics of Australia's Tourism in a Multimarket Context, Annals of Tourism Research, 55, 173-177. (5-Year Impact Factor=5.544).

Valadkhani, A. (2014), Dynamic Effects of Rising Oil Prices on Consumer Energy Prices in Canada and the United States: Evidence from the Last Half a Century, Energy Economics, 45, 33-44. (5-Year Impact Factor=4.410)

Valadkhani, A. (2013), Do Petrol Prices Rise Faster than They Fall When the Market Shows Significant Disequilibria? Energy Economics, 39, 66–80. (5-Year Impact Factor=4.410).


Nguyen, J., Valadkhani, A. and Smyth, R. (2018) mortgage product diversity: responding to consumer demand or protecting lender profit? an asymmetric panel analysis, Applied Economics, 50(43), 4694-4704.

Valadkhani, A. and O'Mahony, B. (2018), Identifying Structural Changes and Regime Switching in Growing and Declining Inbound Tourism Markets in Australia, Current Issues in Tourism, 21(3), 277–300. (Impact Factor=2.451)

Hosseinzadeh, A., Smyth, R., Valadkhani, A. and Moradi, A. (2017), What Determines the Efficiency of Australian Mining Companies?, Australian Journal of Agricultural and Resource Economics, 62, 121–138 (Impact Factor=1.826)

Kennedy, T. Smyth, R, Valadkhani, A., Chen, G. (2017), Does income inequality hinder economic growth? New evidence using Australian taxation statistics, Economic Modelling, 65, 119–128 (5-Year Impact Factor=1.573).

Kennedy, T. Smyth, R, Valadkhani, A., Chen, G. (2017), Refitting the Kuznets Curve Using a Gender-Specific Threshold Model, Applied Economics, 49(19), 1847-54 (Impact Factor=0.613).

, A., Smyth, R. and O'Mahony, B. (2017), Asymmetric causality between Australian inbound and outbound tourism flows, Applied Economics, 49(1), 33-50 (Impact Factor=0.613).

Shi, S., Valadkhani, A., Smyth, R. and Vahid, F. (2016), Dating the Timeline of House Price Bubbles in Australian Capital Cities, Economic Record, 92(299), 590–605 (Impact Factor=0.712).

Valadkhani, A. and Smyth, R. (2016), The Effects of the Motor Vehicle Industry on Employment and Research Innovation in Australia, International Journal of Manpower, 37(4), 684 – 708. (5-Year Impact Factor=1.060).

Hosseinzadeh, A. Smyth, R, Valadkhani, and Le, V. (2016), Analysing the Efficiency Performance of Major Australian Mining Companies Using Bootstrap Data Envelopment Analysis, Economic Modelling, 57, 26-35 (5-Year Impact Factor=1.573).

Valadkhani, A. (2015), Okun’s law in Australia, Economic Record, 91(295), 509-522. (Impact Factor=0.92).

Valadkhani, A. and Smyth, R. (2015), Switching and Asymmetric Behaviour of the Okun Coefficient in the US: Evidence for the 1948-2015 Period, Economic Modelling, 50, 281-290. (5-Year Impact Factor=1.573).

Valadkhani, A., (2015), Asymmetric Size Dependent Effects of the Output Gap on Inflation: US Evidence from the Last Half a Century, Applied Economics, 47(33), 3525-39. (Impact Factor=0.613).

Valadkhani, A., Kotey, B., and Chen, G. (2014), Asymmetric Changes in Australia's Small Business Loan Rate, Small Business Economics: An Entrepreneurship Journal, 43(4), 945-957. (Impact Factor=2.421).

Valadkhani, A. and Worthington, A. (2014), Asymmetric Behavior of Australia's Big-4 Banks in the Mortgage Market, Economic Modelling, 43, 57-66. (5-Year Impact Factor=1.573).

Valadkhani, A. (2014), Switching Impacts of the Output Gap on Inflation: Evidence from Canada, the UK and the US, International Review of Economics and Finance, 33, 270-285. (5-Year Impact Factor=1.363).

Valadkhani, A. (2014), Analysing Interest Rate Mark-Ups in the Australian Mortgage Market, Journal of International Financial Markets, Institutions & Money, 31, 343–361. (Impact Factor=1.237).

Valadkhani, A. and Babacan, A (2014), Modelling How Much Extra Motorists Pay on the Road? A Cross-Sectional Study of Profit Margins of Unleaded Petrol in Australia, Energy Policy, 69, 179-188. (5-Year Impact Factor=4.599).

Valadkhani, A. and Bollen, B. (2013), An Alternative Approach to the Modelling of Interest Rate Pass Through and Asymmetric Adjustment, Economics Letters, 120(3), 491–494. (5-Year Impact Factor=0.659).

Valadkhani, A., (2013), The Pricing Behaviour of Australian Banks and Building Societies in the Residential Mortgage Market, Journal of International Financial Markets, Institutions & Money, 26, 133– (5-Year Impact Factor=1.772).

Valadkhani, A., (2013), Seasonal Patterns in Daily Prices of Unleaded Petrol across Australia, Energy Policy, 56, 720-731. (5-Year Impact Factor=4.599).

Valadkhani, A. (2013), Modelling the Terminal Gate Prices of Unleaded Petrol in Australia, Economic Modelling, 33, 233–243. (5-Year Impact Factor=1.573).

Anwar, S. and Valadkhani, A. (2013), Tourism and the Services Sector Growth in Singapore, Tourism Analysis, 18(1), 103–109.

Anwar, S., Sun, S. and Valadkhani, A. (2013), International Outsourcing of Skill Intensive Tasks and Wage Inequality, Economic Modelling, 31(2), 590-597. (5-Year Impact Factor=1.573).

Valadkhani, A., Harvie, C. and Karunanayake, I. (2013), Global Output Growth and Volatility Spillovers, Applied Economics, 45(5), 637– (Impact Factor=0.613).

Ali, S. Z., Anwar, S. and Valadkhani, A. (2012), Macroeconomic Consequences of Increased Productivity in Less Developed Economies, Economic Modelling, 29(3), 621– (5-Year Impact Factor=1.573).

Valadkhani, A. and Anwar, S. (2012), Interest Rate Pass Through and the Asymmetric Relationship between the Cash Rate and the Mortgage Rate, Economic Record, 88(282), 341–350 (Impact Factor=0.712).

Valadkhani, A. and Ville, S. (2010), Ranking and Clustering of the Faculties of Commerce Research Performance in Australia, Applied Economics, 42(22), 2881– (Impact Factor=0.613).

O’Brien, M., Valadkhani, A. and Townsend, K. (2008), The Australian Labour Market in 2007, Journal of Industrial Relations, 50(3), 383– (Impact Factor=0.922).

O’Brien, M., Valadkhani, A., Waring, P. and Denniss, R. (2007), The Australian Labour Market in 2006, Journal of Industrial Relations, 49(3), 311-236. (Impact Factor=0.684).

Rodgers, J. and Valadkhani, A. (2006), A Multi-Dimensional Ranking of Australian Economics Departments, Economic Record, 82(256), 30– (Impact Factor=0.712).

Valadkhani, A. (2005), GST Effects on Goods and Services Included in the CPI Basket, Economic Record, 81(255), S104– (Impact Factor=0.712).

Valadkhani, A. (2004), History of Macroeconometric Modelling: Lessons from Past Experience, Journal of Policy Modeling, 26(2), 265-81. (5-Year Impact Factor=1.269).

Worthington, A. and Valadkhani, A. (2004), Measuring the Impact of Natural Disasters on Capital Markets: An Empirical Application Using Intervention Analysis, Applied Economics, 36(19), 2177– (Impact Factor=0.613).


Kennedy, T., Rae, M., Sheridan, A. and Valadkhani, A. (2017). Reducing gender wage inequality increases economic prosperity for all: Insights from Australia. Economic Analysis and Policy, 55, 14-24.

Valadkhani, A., Costello, G., and Ratti, R. (2016), House price cycles in Australia's four largest capital cities, Economic Analysis and Policy, 52, 11-22.

Chan, G., Valadkhani, A., and Grant, B. (2016), How useful is the yield spread as a predictor of growth in Australia? Journal of Economic Studies, 43(22), 222-241.

Moradi Motlagh, A., Valadkhani, A. and Saleh, A. (2015), Rising Efficiency and Cost Saving in Australian Banks: A Bootstrap Approach, Applied Economics Letters, 22(3), 189-194. (Impact Factor=0.303).

Valadkhani, A., Babacan, A. and Dabir-Alai, P. (2014), The Impacts of Rising Energy Prices on Non-Energy Sectors in Australia, Economic Analysis and Policy, 44(4), 386-395.

Le, V. and Valadkhani, A. (2014), Are Exporting Manufacturing SMEs More Efficient Than Non-Exporting Ones? Evidence from Australia's Business Longitudinal Database, Economic Analysis and Policy, 44(3), 310–317.

Valadkhani, A. and Chen, G. (2014), An Empirical Analysis of the US Stock Market and Output Growth Volatility Spillover Effects on Three Anglo-Saxon Countries, International Review of Applied Economics, 28(3), 322-324.

Arjomandi, A. Valadkhani, A. and O'Brien, M. (2014), Analysing Banks’ Intermediation and Operational Performance Using the Hicks–Moorsteen TFP Index, Research in International Business and Finance, 30, 111–125.

Valadkhani, A., Chen, G. and Anderson, J. (2014), A Cluster Analysis of Petrol Profit Margins across Various Regional and Urban Locations in Australia, Australasian Journal of Regional Studies, 20(1), 159-184.

Valadkhani,, Anwar, S. and Arjomandi, A. (2014), Downward Stickiness of Interest Rates in the Australian Credit Card Market, Journal of the Asia Pacific Economy, 19(1), 52-65. (Impact Factor=0.264).

Valadkhani, A. and Araee, S.M.M. (2013), Estimating the Time Varying NAIRU in Iran, Journal of Economic Studies, 40(5), 635-643.

Valadkhani, A., Arjomandi, A. and O’Brien, M. (2013), Does the Interest Rate for Business Loans Respond Asymmetrically to Changes in the Cash Rate? Applied Economics Letters, 20(9), 869–874. (Impact Factor=0.303).

Arjomandi, A., Harvie, C., and Valadkhani, A. (2012), An Empirical Analysis of Iran's Banking Performance, Studies in Economics and Finance, 29(4), 287-300.

Moffat, B.D, Valadkhani, A. (2011), Efficiency of Botswana’s Financial Institutions: a Data Envelopment Analysis, Applied Economics Letters, 2011, 18(7), 697–702. (Impact Factor=0.303).

Karunanayake, I. and Valadkhani, A. (2011), Asymmetric Dynamics in Stock Market Volatility, Economic Papers, 30 (2), 279-287.

Valadkhani, A. and Nameni, M (2011), How Can Iran’s Black Market Exchange Rate be Managed? Journal of Economic Studies, 38(2), 186-202.

Karunanayake, I., Valadkhani, A. and O’Brien, M. (2010), Financial Crises and International Stock Market Volatility Transmission, Australian Economic Papers, 49(3), 209-221. (Impact Factor=0.179).

Valadkhani, A. and Ville, S. (2009), Discipline-Specific Forecasting of Research Output in Australian Universities, Applied Economics Letters, 16 (18), 1875-1880. (Impact Factor=0.303).

Hodgkinson, A. and Valadkhani, (2009), Community Valuations of Environmental Quality in Coastal Lakes: Lake Illawarra Case Study, Economic Papers, 28(2), 155-168.

Valadkhani, A., Chancharat, S. and Harvie, C. (2008), A Factor Analysis of International Portfolio Diversification, Studies in Economics and Finance, 25(3), 165-74.

Valadkhani, A. and Chancharat, S. (2008), Dynamic Linkages between Thai and International Stock Markets, Journal of Economic Studies, 35(5), 425-41.

Ville, S., Valadkhani, A. and O’Brien, M. (2006), The Distribution of Research Performance Across Australian Universities, 1992-2003, and Its Implications for Building Diversity, Australian Economic Papers, 45(4), 343-61. (Impact Factor=0.250).

Valadkhani, A. and Layton, A. (2006), A Cross-Country Analysis of Export Prices in OECD Countries, Economic Papers, 25(4), 331-46.

Valadkhani, A. (2005), A Cross-Country Analysis of High Employment Generating Industries, Applied Economics Letters, 12(14), 865-69. (Impact Factor=0.303).

Valadkhani, A. (2005), Modelling Demand for Broad Money in Australia, Australian Economic Papers, 44(1), 47-64. (Impact Factor=0.179).

Valadkhani, A., Worthington, A. and Layton, A. (2005), A Note on the Rising Cost of Education in Australia, Economic Papers, 24(2), 97-106.

Valadkhani, A. (2004), Does the Term Structure Predict Australia’s Future Output Growth? Economic Analysis and Policy, 33(2), 121-44.

Valadkhani, A. and Layton, A.P. (2004), Quantifying the Effect of GST on Inflation in Australia's Capital Cities: An Intervention Analysis, Australian Economic Review, 37(2), 125-38. (Impact Factor=0.395).

Valadkhani, A. (2004), What Determine Private Investment in Iran? International Journal of Social Economics, 31(5/6), 457-68.

Doessel, D.P. and Valadkhani, A. (2003), The Effects of Government on Economic Growth in Fiji, Singapore Economic Review, 48(1), 27-38.

Valadkhani, A. (2003), Using Input-Output Analysis to Identify Australia’s High Employment Generating Industries, Australian Bulletin of Labour, 29(3), 199-217.

Valadkhani, A. (2003), An Empirical Analysis of Australian Labour Productivity, Australian Economic Papers, 42(3), 273-91. (Impact Factor=0.179).

Valadkhani, A. (2002), Long- and Short-Run Determinants of the Demand for Money in New Zealand: a Cointegration Analysis, New Zealand Economic Papers, 36(2), 235-50.

Valadkhani, A. and Mitchell, W.F. (2002), Assessing the Impact of Changes in Petroleum Prices on Inflation and Household Expenditures in Australia, Australian Economic Review, 35(2), 122-32. (Impact Factor=0.348).

Valadkhani, A. (1998), Effects of Government Capital Expenditure on GDP in the Iranian Economy Using Superexogeneity Testing, Applied Economics Letters, 5(6), 361-64. (Impact Factor=0.303).

Doessel, D.P. and Valadkhani, A. (1998), Economic Development and Institutional Factors Affecting Income Distribution: the Case of Iran, 1967-1993, International Journal of Social Economics, 25(2-3-4), 410-23.

Valadkhani, A. (1997), Simulation of Aggregate Demand Impacts on the Sectoral Value Added in the Iranian Economy, Australasian Journal of Regional Studies, 3(2), 177-200.

Research interests

Macroeconomic policy; Energy Economics; Retail interest rates; Cost of living; Fuel pricing

PhD candidate and honours supervision

Higher degrees by research

Accredited to supervise Masters & Doctoral students as Principal Supervisor.

PhD topics and outlines

Cost of Living and Competitiveness : Studies on the impact of market transparency and competitiveness on cost of living and economic wellbeing.

EFFICIENCY AND PRODUCTIVITY: Research on the measurement of efficiency and productivity within the data envelopment analysis (DEA) framework. 

Fuel pricing: competitive fuel pricing in both retail and wholesale markets.

Fields of Research

  • Applied Economics - 140200


  • 2015, Swinburne, Vice-Chancellor Research Excellence Award, Swinburne University of Technology
  • 2015, Swinburne, Best Publication within the Department of Accounting, Economics and Finance, Swinburne
  • 2010, Other, Faculty of Commerce Outstanding Researcher of the Year: Special Commendation, University of Wollongong
  • 2009, Select, Faculty of Commerce Research Excellence Award, University of Wollongong
  • 2008, Other, Faculty of Commerce Service to Research Award, University of Wollongong
  • 2008, Other, Faculty of Commerce Research Excellence Award, University of Wollongong
  • 2006, Other, Faculty of Commerce Researcher of the Year Award , University of Wollongong
  • 2006, Other, Faculty of Commerce Excellence in Teaching & Learning Award , University of Wollongong
  • 2003, Other, School of Economics and Finance Teaching Award , QUT
  • 2003, Other, Faculty of Business New Teacher Award , QUT


Also published as: Valadkhani, Abbas; Valadkhani, A.
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Recent research grants awarded

  • 2017: PhD scholarship for Thi Thanh Nga Vo *; Vietnam International Education Development

* Chief Investigator

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