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Olatunji Shobande
Email
[email protected]
Phone Number
607-431-4889
Department
Business Administration and Accounting
Areas of Expertise

Business, Economics, Finance

Education
Ph.D., University of Aberdeen, UK

Olatunji Shobande

Visiting Assistant Professor of Business Administration

Dr. Olatunji Shobande is a distinguished scholar and practitioner whose career exemplifies the intersection of academic rigor and applied enterprise. He serves as Assistant Professor in the Department of Business Administration at Hartwick College, United States, and has previously held academic appointments at Teesside University, the University of Aberdeen, and the University of Sunderland in the United Kingdom. His intellectual expertise extends across economics, business strategy, corporate and managerial finance, business ecology, climate finance, ethics, and sustainability, fields in which he integrates analytical precision with a vision of transformative practice. He holds a Ph.D. in Economics from the University of Aberdeen, an MSc with Distinction from the University of Lagos, and a First-Class Honors degree in Economics from Caleb University, achievements which testify to his scholarly rigor and enduring commitment to intellectual advancement.

Beyond academia, Dr. Shobande has fortified his leadership credentials through the Harvard Executive Certificate in Negotiation and Strategic Decision-Making and the Cranfield Certificate in Leadership and Advanced Management. Recognized as a Senior Fellow of the Higher Education Academy (SFHEA) and Certified Business and Management Educator (CMBE), he is actively engaged in esteemed professional associations, including the American Economic Association (AEA), the Royal Economic Society (RES), the International Association for Energy Economics (IAEE), and the Energy Institute (EI). Renowned for cultivating institutional collaborations that advance low-carbon transitions, he unites intellectual depth with strategic foresight. As mentor and scholar, he nurtures future leaders whilst safeguarding academic freedom and generating research that informs policy, stimulates innovation, and redefines global discourse on sustainability, governance, and economic practice.

Courses taught:

  • Introduction to Business
  • Organizational Behavior
  • Business Strategy
  • Business Ethics & CSR
  • Global Business
  • Managerial Finance
  • Corporate Finance
  • Economic Theory

Professional Affiliations:

  • SFHEA: Advanced Higher Education Academy (HEA), UK
  • CMBE: Chartered Association of Business Schools (CABS), UK
  • Member: Royal Economic Society, UK
  • Member: American Economic Association, US
  • Member: International Association of Energy Economics, US
  • Member: Energy Institute, UK

Editorial and Academic Services:

  • Associate Editor, Sustainability
  • Associate Editor, Journal of Risk & Financial Management
  • Chair, Winter Business School Conference on Sustainability
  • Reviewer, Research Policy
  • Reviewer, Technological Forecasting and Social Change
  • Reviewer, Renewable Energy and Sustainable Review
  • Reviewer, Resource Policy
  • Reviewer, Nature Journal
  • Reviewer, Structural Change and Economic Dynamics
  • Reviewer, International Review of Economic & Finance

Selected Publications:

  • Shobande, O. A. (2025). Costs of Love: A Constrained Utility Approach to Marital Decisions and Family Outcomes. Research in Economics, 101064.
  • Shobande, O. A., Ogbeifun, L., & Tiwari, A. K. (2025). Do Structural Transformation and Energy Transition Cause Growth? Review of Development Economics.
  • Shobande, O. A., Tiwari, A. K., & Ogbeifun, L. (2025). Quantifying the role of the energy transition in alleviating marginalisation and advancing inclusive green growth. Journal of Environmental Management, 390, 126241.
  • Shobande, O. A., Ogbeifun, L., & Tiwari, A. K. (2025). Netzero transitions: Advancing dynamic econometric analysis of carbon tax, renewable energy and circular economy on government actions. Journal of Environmental Management, 378, 124761.
  • Shobande, O. A., & Ogbeifun, L. (2025). Debt by Rules: Recrafting Impact of Infrastructure Investments and Business Cycles on Debt Sustainability. Structural Change and Economic Dynamics.
  • Shobande, O. A., Ogbeifun, L., & Tiwari, A. K. (2025). Carbon neutrality: Synergy for energy transition, circular economy and inclusive green growth. Journal of Environmental Management, 374, 124114.
  • Ogbeifun, L., & Shobande, O. (2025). Exploring the implications of FOREX restriction policies: Theory and new evidence. Research in Economics, 101033.
  • Shobande, O. A., Ogbeifun, L., Tiwari, A.K. (2024). Demystifying circular economy and inclusive green growth for promoting energy transition and carbon neutrality. Structural Change and Economic Dynamics.
  • Shobande, O. A., Ogbeifun, L., & Apergis, N. (2024). Crafting monetary policy beyond low carbon legacy. International Review of Economics & Finance.
  • Shobande, O. A., Ogbeifun, L., Tiwari, A.K. (2024). Extricating the impacts of emissions trading system and energy transition on carbon intensity. Applied Energy.
  • Shobande, O. A., Ogbeifun, L., Tiwari, A.K. (2024). Unlocking information technology infrastructure for promoting climate resilience and environmental quality. Technological Forecasting and Social Change, 198, 122949.
  • Piwowar-Sulej, K., Malik, S., Shobande, O. A., Singh, S., & Dagar, V. (2024). A Contribution to Sustainable Human Resource Development in the Era of the COVID-Pandemic. Journal of Business Ethics, 1-19.
  • Shobande, O. A., Ogbeifun, L., Simplice A. (2024). Globalization, technology and global health. Journal of Science and Technology Policy Management.
  • Shobande, O. A., & Ogbeifun, L. (2024). Emergence of Forest Environmental Kuznets Curve in Africa: Some New Evidence. The Journal of Developing Areas, 58(4), 131-147.
  • Shobande, O. A., & Ogbeifun, L. (2024). Exploring the Criticality of Natural Resources Management and Technological Innovations for Ecological Footprint in the OECD Countries. The Journal of Developing Areas, 58(1), 157-170.
  • Shobande, O. A. (2023). Rethinking social change: Does the permanent and transitory effects of electricity and solid fuel use predict health outcome in Africa. Technological Forecasting and Social Change, 186, 122169
  • Shobande, O. A., Ogbeifun, L., & Tiwari, A. K. (2023). Re-evaluating the impacts of green innovations and renewable energy on carbon neutrality: Does social inclusiveness really matters? Journal of Environmental Management, 336, 117670.
  • Shobande, O. A., & Ogbeifun, L. (2023). Pooling cross-sectional and Time Series Data for Estimating Causality between Technological Innovation, Affluence and Carbon Dynamics: Comparative evidence from developed and developing economy. Technological Forecasting and Social Change, 187, 122192.
  • Shobande, O.A. & Ogbeifun, L. (2023) An empirical analysis of fishery Kuznets Curve hypothesis: Evidence from OECD Countries. Journal of Developing Areas, 57(1), 1-16.
  • Shobande, O.A. & Asongu, S.A. (2023) Searching for Sustainable Footprints: Does ICT Increase CO 2  Emissions? Environment Modelling Assessment, 28, 133–143.
  • Enemona, J.O & Shobande, O.A. (2023) The carbon Kuznets curve in Africa: Do energy consumption and governance really matter? Journal of Developing Areas, 57(3), 185-197.
  • Shobande, O. A., & Asongu, S. A. (2022). The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach. Technological Forecasting and Social Change, 176, 121480.
  • Shobande, O. A. (2022). Is climate change a monetary phenomenon? Evidence from time series analysis. International Journal of Sustainable Development & World Ecology, 29(2), 99-111.
  • Shobande, O. A., & Ogbeifun, L. (2022). The criticality of financial development and energy consumption for environmental sustainability in OECD countries: evidence from dynamic panel analysis. International Journal of Sustainable Development & World Ecology, 29(2), 153-163.
  • Shobande, O. A. (2022). Postponing the Inevitable: Can Monetary Policy Promote Environmental Sustainability in Southern Africa? The Journal of Developing Areas, 56(3), 93-114.
  • Shobande, O. A., & Ogbeifun, L. (2022). Sustainable Blueprint: Do Stock Investors Increase Emissions? Journal of Risk and Financial Management, 15(2), 70
  • Shobande, O. A. (2022). Does FDI Promote the Resource Curse in Nigeria? Journal of Risk and Financial Management, 15(9), 415.
  • Shobande, O. A., & Ogbeifun, L. (2022). Has information and communication technology improved environmental quality in the OECD? —a dynamic panel analysis. International Journal of Sustainable Development & World Ecology, 29(1), 39-49.
  • Shobande, O., & Asongu, S. (2021). The rise and fall of the energy-carbon Kuznets curve: Evidence from Africa. Management of Environmental Quality: An International Journal, 33(2), 390-405.
  • Shobande, O. A., & Asongu, S. A. (2021). Has knowledge improved economic growth? Evidence from Nigeria and South Africa. Journal of Public Affairs, e2763.
  • Ogbeifun, L., & Shobande, O. A. (2021). A reevaluation of human capital accumulation and economic growth in OECD. Journal of Public Affairs, e02602.
  • Shobande, O. A. (2021). Decomposing the persistent and transitory effect of information and communication technology on environmental impacts assessment in Africa: Evidence from Mundlak Specification. Sustainability, 13(9), 4683.
  • Shobande, O. A., & Enemona, J. O. (2021). A multivariate VAR model for evaluating sustainable finance and natural resource curse in West Africa: evidence from Nigeria and Ghana. Sustainability, 13(5), 2847.
  • Shobande, O. A., & Shodipe, O. T. (2021). Monetary policy interdependency in Fisher effect: Comparative evidence. Journal of Central Banking Theory and Practice, 10(1), 203-226.
  • Ogbeifun, L., & Shobande, O. (2020). Debt sustainability and the fiscal reaction function: evidence from MIST countries. Future Business Journal, 6(1), 1-8.
  • Shobande, O. A. (2020). Does Electricity Use Granger-Cause Mortality? The Journal of Energy and Development, 46(1/2), 265-291.
  • Shobande, O. A., & Asongu, S. A. (2021). Financial development, human capital development and climate change in East and Southern Africa. Environmental Science and Pollution Research, 28(46), 65655-65675.
  • Shobande, O. A., & Akinbomi, M. D. (2020). Competition dynamics in Nigerian aviation industry: a game theoretic approach. Future Business Journal, 6(1), 1-8.
  • Shobande, O., & Ogbeifun, L. (2020). A spatial econometric analysis on the impact of covid-19 on mortality outcome. Economics and Business, 34(1), 179-200.
  • Shobande, O. A. (2020). The effects of energy use on infant mortality rates in Africa. Environmental and Sustainability Indicators, 5, 100015.
  • Shobande, O. A., & Shodipe, O. T. (2019). Carbon policy for the United States, China, and Nigeria: An estimated dynamic stochastic general equilibrium model. Science of The Total Environment, 697, 134130.
  • Shobande, O. A. (2019). Effect of economic integration on agricultural export performance in selected west African countries. Economies, 7(3), 79.
  • Shobande, O. A. (2018). Modelling the dynamics of government finance on bond market return in Nigeria. Theoretical Economics Letters, 8(15), 3438-3443.
  • Joseph, E., & Shobande, O. A. (2018). Revalidating Saving-Investment Comovement in Nigeria: Surprises, Stylized Facts and Explanations. Theoretical Economics Letters, 8(15), 3594-3610.

Working Papers:

  • Globalization, technology, and global health African Governance and Development Institute Working Paper (No. 22/070) (with Ogbeifun, L., & Asongu, S. A. (2022).
  • Economic rent capturing for petroleum exploration: Concepts, issues & considerations Working Paper of CEPPEL (No. 983), (with Onanubi, K. S., & Onanubi, T. S. 2020).
  • Global shocks alert and monetary policy responses. European Xtramile Centre of African Studies, (WP/19/066). (With Shodipe, O., & Asongu, S. (2019).

Selected Chapters in Books:

  • Shobande, O. A. (2025). Monetary policy towards climate risks: Myth and realities. Academic Press
  • Shobande, O. A. (2025). Macroeconomic dynamics of climate financial risks: Theory and practical implications. Academic Press