stock market board

Strathclyde Business School Department of Economics

Discussion papers

2019

Is heightened political uncertainty priced in stock returns?  Evidence from the 2014 Scottish independence referendum
Julia Darby, Jun Gao, Siobhan Lucey and Sheng Zhu
19-13

Institutional trading in volatile markets:  Evidence from Chinese stock markets
Julia Darby, Hai Zhang and Jinkai Zhang
19-12

Economic activity supported by offshore wind: a hypothetical extraction study
Grant Allan, Kevin Connolly, Peter McGregor and Andrew Ross
19-11

Economic and environmental impacts of UK offshore wind development to 2029:  the importance of local content
Grant Allan, David Comerford, Kevin Connolly, Peter McGregor and Andrew Ross
19-10

Developing an electricity satellite account (EISA):  an application to Scotland, UK
Grant Allan, Kevin Connolly and Stuart McIntyre
19-09

Identity economics, social influence and skill develoment
Jonathan Norris
19-08

Ghana’s new national income data series:  follow-up to M Huq and M Tribe’s The economy of Ghana:  50 years of economic development (Palgrave Macmillan, 2018)
Michael Tribe and Mozammel Huq
19-07

Troubled in school:  does maternal involvement matter for adolescents?
Jonathan Norris and Martijn van Hasselt
19-06

The economic impacts of UK labour productivity-enhancing industrial po9licies and their spillover effects on the energy system
Andrew G Ross, Grant Allan, Gioele Figus, Peter G McGregor, Graeme Roy, J Kim Swales and Karen Turner
19-05

Terrorism, education, and the role of expectations:  evidence from al-Shabaab attacks in Kenya
Marco Alfano and Joseph Simon Gorlach
19-04

Market size, product differentiation and bidding for new varieties
Jie Ma and Ian Wooton
19-03

'Til insurance do us part:  the effect of the affordable care act preexisting conditions provision on marriage
J Matthew Hampton and Otto Lenhart
19-02

Peers, parents and attitudes about school
Jonathan Norris
19-01

2018

The economic impacts of UK fiscal policies and their spillover effects on the energy systemAndrew Ross, Grant Allan, Gioele Figus, Peter G McGregor, Graeme Roy, J Kim Swales and Karen Turner
18-20

The role of markets and preferences on resource conflicts
Alex Dckson, Ian A MacKenzie and Petros G Sekeris
18-19

Incorporating CO2 emissions into macroeconomic models through primary energy use
Grant Allan, Kevin Connolly, Andrew G Ross and Peter McGregor
18-18

Limiting the distortionary impacts of transaction taxes:  Scottish stamp duty after the Mirrlees Review.
Daniel Borbely
18-17

A case study on Germany's aviation tax using the synthetic control approach
Daniel Borbely
18-16

A theoretical note on:  assymmetries in intensity and persistence of reciprocity in labour markets
Marco Fongoni
18-15

An appraisal of Friedman's positively sloped Phillips Curve conjecture
Rod Cross
18-14

On the longrun Phillips Curve genus
Rod Cross
18-13

Drink, death and driving:  do BAC limit reductions improve road safety?
Benjamin Cooper, Markus Gehrsitz and Stuart G McIntyre
18-12

The characteristics of energy employment in a system-wide context
Grant J Allan and Andrew G Ross
18-11

The economic impacts of UK trade-enhancing industrial policies and their spillover effects on the energy system
Andrew G Ross, Grant Allan, Gioele Figus, Peter McGregor, Graeme Roy, J Kim Swales and Karen Turner
18-10

Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation
Marco Fongoni
18-09

Towards incorporating natural capital into a computable general equilibrium model for Scotland
Grant Allan, David Comerford and Peter McGregor
18-08

The system-wide impact of healthy eating:  assessing emissions and economic impacts at the regional level
Grant Allan, David Comerford and Peter McGregor
18-07

Exploring households' responsiveness to energy price changes using microdata
Stuart McIntyre
18-06

UK regional nowcasting using a mixed frequency vector autoregressive model
Gary Koop, Stuart McIntyre and James Mitchell
18-05

The importance of energy price stickiness and real wage inflexibility for the time paths of reboud effects
Gioele Figus, Peter G McGregor, J Kim Swales and Karen Turner
18-04

Is personality endogenous?  Evidence from Ireland
Irene Mosca and Robert E Wright
18-03

Can vehicle efficiency beat fuel efficiency in cutting fuel use?
Gioele Figus and Kim Swales
18-02

Framing policy on low emissions vehicles in terms of economic gains:  might the most straightforward gain be delivered by supply chain activity to support refuelling?
Oluwafisayo Alabi, John Irivne, Martin Smith and Karen Turner
18-01


2017

Albert Hirschman, Lauchlin Currie, 'linkages' theory, and Paul Rosenstein Rodan's 'big push'
Roger Sandilands
17-17

The rise of meritocracy and the inheritance of advantage
David Comerford, Jose V Rodriguez Mora and Michael J Watts
17-16

The gains from economic integration
David Comerford and Jose V Rodriguez Mora
17-15

The carbon bubble:  climate policy in a fire-sale model of deleveraging
David Comerford and Alessandro Spiganti
17-14

Is the prodution function Translog or CES?  An empirical illustration using UK data
Elena Lagomarsino and Karen Turner
17-13

Marx - from Hegel and Feuerbach to Adam Smith@  a new sysnthesis
Eric Rahim
17-12

The long-term economic implications of Brexit for Scotland:  an interregional analysis
Gioele Figus, Katerina Lisenkova, Peter McGregor, Graeme Roy and Kim Swales 
17-11

Working, volunteering and mental health in the later years
Irene Mosca and Robert E Wright
17-10

Maternal employment and child outcomes:  evidence from the Irish marriage bar
Irene Mosca, Vincent O'Sullivan and Robert E Wright
17-09

Disaggregation of the 2010 UK social accounting matrix to report household income quintiles
Antonios Katris, Gioele Figus, Karen Turner
17-08

The impact of enhanced regional fiscal autonomy:  towards a Scandinavian model for Scotland?
Tobias Emonts-Holley, Alastair Greig, Patrizio Lecca, Kasterina Lisenkova, Peter G McGregor, J Kim Swales
17-07

Political uncertainty and stock market volatility:  new evidence from the 2014 Scottish Independence Referendum

Julia Darby and Graeme Roy
17-06

Can a reduction in fuel use result from an endogenous technical progress in motor vehicles:  a partial and general equilibrium analysis
Gioele Figus, J Kim Swales, Karen Turner
17-05

Cost efficiency analysis of public higher education institutions in Uzbekistan
Shukhrat Kholmuminov and Robert E Wright
17-04

Resource dependence analysis of public higher education institutions in Uzbekistan
Shukhrat Kholmuminov, Shayzak Kholmuminov, Robert E Wright
17-03

Energy efficiency as an instrument of regional development policy?  Trading-off the benefits of an economic stimulus and energy rebound effects
Gioele Figus, Patrizio Lecca, Peter McGregor and Karen Turner
17-02

Multiple-aggregate games
Alex Dickson
17-01

Making the case for supporting broad energy efficiency programmes:  impacts on household incomes and other economic benefits
Gioele Figus, Karen Turner, Peter McGregor, Antonios Katris
16-16


2016

Making the case for supporting broad energy efficiency programmes:  impacts on household incomes and other economic benefits
Gioele Figus, Karen Turner, Peter McGregor, Antonios Katris

The impact of population ageing on public debt
A panel data analysis for 18 European countries
Nicolas Afflatet
16-15

Financial literacy and political orientation in Great Britain
Alberto Montagnoli, Mirko Moro, Georgios A Panos, Robert E Wright
16-14

Adam Smith and the labour theory of value:  an unconvincing "reconsideration"
Roy Grieve
16-13

Physical water use and water sector activity in environmental input-output analysis
Oluwafisayo Alabi, Max Munday, Kim Swales and Karen Turner
16-12

Height and cognition at older age:  Irish evidence
Irene Mosca and Robert E Wright
16-11

The impact of micro-credit on employment:  evidence from Bangladesh and Pakistan
Azhar Kahn, Twyeafur Rahman and Robert E Wright
16-10

The welfare impacts of discriminatory price tariffs
Nikolaos Danias and J Kim Swales
16-09

"Contests with general preferences"
Alex Dickson, Ian A MacKenzie and Petros Sekeris
16-08

Double trouble:  modern misreadings of Cantillon
Roy Grieve
16-07

Nowcasting UK GDP during the depression
Paul Smith
16-06

Financial literacy and attitudes to redistribution
Alberto Montagnoli, Mirko Moro, Georgios A Panos, Robert E Wright
16-05

Use it or lose it:  Irish evidence
Irene Mosca and Robert E Wright
16-04

"Drop the dead donkey":  A response to Steven Kates on the subject of Mill's fourth proposition on capital
Roy H Grieve
16-03

Strategic trade in pollution permits

Alex Dickson and Ian A MacKenzie
16-02

Price flexibility and full employment: barking up the wrong (neoclassical) tree
Roy H Grieve
16-01

2015

Revisiting Cantillon's admirable theory of distribution and value
Roy H Grieve
15-06

A theory of wage setting behaviour
Marco Fongoni and Alex Dickson
15-05

Type II errors in IO multipliers
Tobias Emonts-Holley, Andrew Ross and J Kim Swales
15-04

International aid to Tanzania - with some comparisons from Ghana and Uganda
Michael Tribe
15-03

Debunking Mill's "Fourth fundamental proposition on capital"
Roy H Grieve
15-02

Human capital in economic development:  from labour productivity to macroeconomic impact
Kristinn Hermannsson and Patrizio Lecca
15-01

2014
14-01 

Nowcasting Scottish GDP Growth
Grant Allan, Gary Koop, Stuart McIntyre and Paul Smith
14-11

The convenient calculation of some test statistics in models of discrete choice
Darryl Holden and Roger Perman
14-10

Large Bayesian VARMAs
Joshua C C Chan, Eric Eisenstat, and Gary Koop
14-09 

Model uncertainty in panel vector autoregressive models
Gary Koop and Dimitris Korobilis
14-08   

The known unknowns of governmance
Rodolphe Desbordes and Gary Koop
14-07 

The impacts of temporary and anticipated tourism spending
Grant J Allan, Patrizio Lecca and Kim Swales
14-06 

An empirical examination of the R&D boundaries of the firm - a problem-solving perspective
Shaopeng Huang and Darryl Holden
14-05 

How much does a single graduation cohort from further education colleges contribute to an open regional economy?
Kristinn Hermannsson, Patrizio Lecca and Kim Swales
14-04

Fact and fictions in FX arbitrage processes
Rod Cross and Victor Kozyakin
14-03

Unemployment:  natural rate epicycles of hysteresis?
Rod Cross
14-02

'Right back where we started from':  'the Classics' to Keynes, and back again

Roy H Grieve

2013

FDI, trade costs and regional assymetries
Julia Darby, Ben Ferrett and Ian Wooton
13-27

Competition for FDI and profit shifting:  on the effects of subsidies and tax breaks
Oscar Amerighi and Giuseppe De Feo
13-26

Mafia in the ballot box
Giuseppe De Feo and Giacomo De Luca
13-25

QWERTY and the search for optimality
Neil M Kay
13-24

Did Keynes in the General Theory significantly misrepresent J S Mill?
Roy H Grieve
13-23

UK houseprices:  convergence clubs and spillovers
Alberto Montagnoli and Jun Nagayasu
13-22

Currency forecast errors at times of low interest rates:  evidence from survey data on the Yen/Dollar exchange rate
Ronald McDonald and Jun Nagayasu
13-21

Personal indebtedness, community characteristics and theft crimes
Stuart G McIntyre
13-20

An issue with own-rates:  Keynes borrows from Sraffa, Sraffa criticises Keynes, and present-day commentators get hold of the wrong end of the stick
Roy H Grieve
13-19

Co-movements in real effective exchange rates:  evidence from the dynamic hierarchical factor model
Jun Nagayasu
13-18

The forward premium puzzle and the Euro
Jun Nagayasu
13-17

An investigation of housing affordability in the UK regions
Alberto Montagnoli and Jun Nagayasu
13-16

Local consumption and territorial based accounting for CO2 emissions
Kristinn Hermannsson and Stuart G McIntyre
13-15

Consumption expenditure in economic impact studies:  an application to university students
Kristinn Hermannsson, Peter G McGregor, J Kim Swales
13-14

Institutions and prosperity
Colin Jennings
13-13

"How do technical change and technological distance influence the size of the Okun's Law coefficient?"
Jean-Philippe Boussemart, Walter Briec, Roger Perman, Christophe Tavera
13-12

Okun's Law - A meta analysis
Roger Perman, Gaetan Stephan, Christophe Tavera
13-11

Lock in, path dependence, and the internationalization of QWERTY
Neil M Kay
13-10

Aid and Development: Issues and Reflections
Michael Tribe
13-09

The Added Value from a General Equilibrium Analyses of Increased Efficiency in Household Energy Use
Patrizio Lecca, Peter McGregor, Kim Swales and Karen Turner
13-08

A New Index of Financial Conditions
Gary Koop and Dimitris Korobilis
13-07

On Cobb-Douglas Preferences in Bilateral Oligopoly
Alex Dickson
13-06  

Beyond Intermediates: The Role of Consumption and Commuting in the Construction of Local Input-Output Tables
Kristinn Hermannsson
13-05

Nearer to Sraffa than Marx: Adam Smith on Productive and Unproductive Labour

Roy Grieve
13-04

Using VARs and TVP-VARs with Many Macroeconomic Variables
Gary Koop
13-03

Model Switching and Model Averaging in Time-Varying Parameter Regression Models
Miguel Belmonte and Gary Koop
13-02

Domestic Violence and Football in Glasgow: Are Reference Points Relevant?
Alex Dickson, Colin Jennings and Gary Koop
13-01

2012

Still more on why we should bury the marginal productivity theory of the price of capital: A supplementary note
Roy Grieve
12-15

Evaluating the usefulness of forecasts of relative growth
Grant Allan
12-14

The Impact of Population Ageing on the Labour Market: Evidence from Overlapping Generations Computable General Equilibrium (OLG-CGE) Model of Scotland (*)
Katerina Lisenkova, Marcel Mérette and Robert Wright
12-13

Rationalising ''Irrational'' Support for Political Violence
Colin Jennings
12-12

Fact and Fiction in FX Arbitrage Processes
Rod Cross and Victor Kozyakin
12-11

North Sea Oil and Genuine Saving in the Scottish Economy
Greg Bremner and Rod Cross
12-10

Personal Indebtedness, Spatial Effects and Crime
Stuart McIntyre and Donald Lacombe
12-09

An Analysis of the Electoral Use of Policy on Law and Order by New Labour
Stephen Drinkwater & Colin Jennings
12-08

The Impact of Population Ageing on House Prices: A Micro-simulation Approach
Yu Chen, Kenneth Gibb, Chris Leishman and Robert Wright
12-07

Marx: From Hegel and Feuerbach to Adam Smith
Eric Rahim
12-06

Rebellion against Reason? A Study of Expressive Choice and Strikes
Christa N. Brunnschweiler, Colin Jennings and Ian A. MacKenzie
12-05

The system-wide impacts of the external benefits to higher education on the Scottish economy: An exploratory “micro-to-macro” approach
Kristinn Hermannsson, Katerina Lisenkova, Patrizio Lecca, Peter G McGregor and J Kim Swales
12-04

The Marginal Productivity Theory of the Price of Capital: An Historical Perspective on the Origins of the Codswallop
Roy Grieve
12-03

A New Model of Trend Inflation
Joshua Chan, Gary Koop and Simon Potter
12-02

A Bayesian Spatial Individual Effects Probit Model of the 2010 U.K. General Election
Christa Jensen, Donald Lacombe and Stuart McIntyre
12-01

2011

Time Variation in the Dynamics of Worker Flows: Evidence from the US and Canada
Michele Campolieti, Deborah Gefang and Gary Koop
11-38

Hierarchical Shrinkage in Time-Varying Parameter Models
Miguel Belmonte, Gary Koop and Dimitris Korobilis
11-37

Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry
Lise Tole and Gary Koop
11-36

Chasing Graduate Jobs?
Irene Mosca and Robert Wright
11-35

Is Graduate Under-employment Persistent? Evidence from the United Kingdom
Irene Mosca and Robert Wright
11-34

Forward Looking and Myopic Regional Computable General Equilibrium Models. How Significant is the Distinction?
Patrizio Lecca, Peter McGregor and Kim Swales
11-33

Social Housing Policies in Latin America and Singapore: Lessons for China
Roger Sandilands
11-32

Institutional Quality and FDI to the South
An Analytical Approach
Rodolphe Desbordes, Julia Darby and Ian Wooton
11-31


The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications

Grant Allan
11-30


The Regional Employment Impacts of Renewable Energy Expenditures: The case for modelling
Grant Allan and Michelle Gilmartin
11-29


Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy

Michelle Gilmartin, David Learmonth, Peter McGregor, Kim Swales and Karen Turner
11-28


Separating Myth from Probability in the Origins and Evolution of QWERTY
Neil Kay
11-27 - UPDATE MARCH 2012


Pension reform in a rapidly ageing country: the case of Ukraine
Katerina Lisenkova
11-26


Regime-Switching Cointegration*
Markus Jochmann and Gary Koop
11-25


The Effects of Agglomeration on Wages: Evidence from the Micro-Level
Bernard Fingleton and Simonetta Longhi
11-24


Rebound Effects from Increased Efficiency in the Use of Energy by UK Households*
Patrizio Lecca, Kim Swales and Karen Turner
11-23


Joint Estimates of Automatic and Discretionary Fiscal Policy for the OECD
Julia Darby and Jacques Melitz
11-22


Bayesian Inference in the Time Varying Cointegration Model
Gary Koop, Roberto Leon-Gonzalez and Rodney W. Strachan
11-21


The Dynamics of UK and US Inflation Expectations
Deborah Gefang, Gary Koop and Simon Potter
11-20


Forecasting Inflation Using Dynamic Model Averaging
Gary Koop and Dimitris Korobilis
11-19


UK Macroeconomic Forecasting With Many Predictors: Which Models Forecast Best and When Do They Do So?
Gary Koop and Dimitris Korobilis
11-18


Forecasting with Medium and Large Bayesian VARs
Gary Koop
11-17


Time Varying Dimension Models
Joshua C.C Chan, Gary Koop, Roberto Leon-Gonzalez and Rodney W. Strachan
11-16


Technical Appendix To: Understanding Liquidity and Credit Risks in the Financial Crisis*
Deborah Gefang, Gary Koop and Simon M. Potter
11-15


Understanding Liquidity and Credit Risks in the Financial Crisis*
Deborah Gefang, Gary Koop and Simon M. Potter
11-14


A Comparison of Forecasting Procedures for Macroeconomic Series: The Contribution of Structural Break Models
Luc Bauwens, Gary Koop, Dimitris Korobilis and Jeroen V.K. Rombouts
11-13


Bayesian Model Averaging in the Instrumental Variable Regression Model*
Gary Koop, Roberto Leon-Gonzalez and Rodney Strachan
11-12


Modelling Breaks and Clusters in the Steady States of Macroeconomic Variables
Joshua C.C. Chan and Gary Koop
11-11


Forecasting the European Carbon Market
Gary Koop and Lise Tole
11-10


Estimating Phillips Curves in Turbulent Times using The ECB's Survey of Professional Forecasters*
Gary Koop and Luca Onorante
11-09


On Identification of Bayesian DSGE Models*
Gary Koop, M. Hashem Pesaran and Ron P. Smith
11-08


The Rebound Effect: Some Questions Answered
Maggie Koerth-Baker, Karen Turner, Janine De Fence and Cathy Xin Cui
11-07


The Positive Causal Impact of Foreign Direct Investment on Productivity: A Not So Typical Relationship
Rodolphe Desbordes and Vincenzo Verardi
11-06


Multilevel Modelling with Spatial Effects
Luisa Corrado and Bernard Fingleton
11-05


Trade in bilateral oligopoly with endogenous market formation
Alex Dickson and Roger Hartley
11-04


The Expenditure Impacts of Individual Higher Education Institutions (HEIs) and their Students on the Northern Irish Economy: Homogeneity or Heterogeneity?
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
11-03


Regional productivity variation and the impact of public capital stock: an analysis with spatial interaction, with reference to Spain
Miguel Gomez-Antonio and Bernard Fingleton
11-02


Where is the economics in spatial econometrics?
Luisa Corrado and Bernard Fingleton
11-01

2010

The Committee on Climate Change: A policy analysis* 
Peter McGregor, Kim Swales and Matthew Winning
10-31


The Expenditure Impacts of London-based Individual Higher Education Institutions (HEIs) and their Students on the Economy of England: Homogeneity or Heterogeneity? 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-30


“Policy Scepticism” and the Impact of London-based Higher Education Institutions (HEIs) on the economy of England: Accounting for Alternative Uses of Public Expenditure 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-29


Disaggregating the Household Sector in a 2004 UK Input Output Table and Social Accounting Matrix by Income Quintiles 
Janine De Fence and Karen Turner
10-28


The Expenditure Impacts of Individual Higher Education Institutions (HEIs) and their Students on the Welsh Economy: Homogeneity or Heterogeneity? 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-27


The Importance of Graduates for the Scottish Economy: A “Micro-to-Macro” Approach 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-26 REVISED MAY 2012


“Policy Scepticism” and the Impact of Northern Irish Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-25


A Bayesian Spatial Econometric Analysis of the 2010 UK General Election 
Christa D. Jensen, Donald Lacombe and Stuart Mcintyre
10-24


An HEI-Disaggregated Input-Output Table for Northern-Ireland* 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-23


“Policy Scepticism” and the Impact of Welsh Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-22


An HEI-Disaggregated Input-Output Table for Wales* 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-21


Balanced Budget Government Spending in a Small Open Regional Economy 
Patrizio Lecca, Peter McGregor and Kim Swales
10-20


Periodic Sequences of Arbitrage: A Tale of Four Currencies 
Rod Cross, Victor Kozyakin, Brian O'Callaghan, Alexei Pokrovskii and Alexey Pokrovskiy


The impact of higher education institution-firm knowledge links on establishment-level productivity in British regions 
Richard Harris, Qian Cher Li and John Moffat
10-18


The Impact of Higher Education Institution-Firm Knowledge Links on Firm-level Productivity in Britain 
Richard Harris, Qian Cher Li and John Moffat
10-17


The Expenditure Impacts of Individual Higher Education Institutions (HEIs) and their Students on the Scottish Economy under Devolution: Homogeneity or Heterogeneity? 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-16 REVISED MAY 2012  


“Policy Scepticism” and the Impact of Scottish Higher Education Institutions (HEIs) on their Host Region: Accounting for Regional Budget Constraints under Devolution 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-15 REVISED MAY 2012 


An HEI-Dissaggregated Input-Output Table for Scotland 
Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor and Kim Swales
10-14


Inverted Haavelmo Effects in a General Equilibrium Analysis of the Impact of Implementing the Scottish Variable Rate of Income Tax. * 
Patrizio Lecca, Peter McGregor, Kim Swales and Ya Ping Yin
10-13


Incorporating jurisdiction issues into regional carbon accounts under production and consumption accounting principles 
Christa D. Jensen, Stuart Mcintyre, Max Munday and Karen Turner
10-12

The effects of entry in thin markets
Alex Dickson
10-11   


The regional electricity generation mix in Scotland: A portfolio selection approach
Grant Allan, Igor Eromenko, Peter McGregor and Kim Swales
10-10


Memory of Recessions 
Rod Cross, Hugh McNamara and Alexei Pokrovskii
10-09


Hysteresis in the fundamentals of macroeconomics 
Rod Cross, Hugh McNamara, Alexei Pokrovskii and Leonid Kalachev
10-08


On the FDI-Attracting Property of Privatization
Oscar Amerighi and Giuseppe De Feo
10-07


The Export Base Model with a Supply-Side Stimulus to the Export Sector 
Kim Swales and Soo Jung Ha
10-06


Short-Run Strategies For Attracting Foreign Direct Investment*
Celine Azemar and Rodolphe Desbordes


Who Ultimately Bears the Burden of Greater Non-Wage Labour costs?* 
Celine Azemar and Rodolphe Desbordes
10-04 


Does Public Governance Always Matter? How Experience of Poor Institutional Quality Influences FDI to the South* 
Julia Darby, Rodolphe Desbordes and Ian Wooton
10-03*UPDATE*


Official Central Bank Interventions in the Foreign Exchange Markets: A DCC Approach with Exogenous Variables 
Nikolaos Antonakakis
10-02  *UPDATE*


Modeling U.S. Inflation Dynamics: A Bayesian Nonparametric Approach
Markus Jochmann
10-01

2009

The Rebound Effect with Energy Production: A Partial Equilibrium Analysis 
Grant Allan, Peter McGregor, Kim Swales and Karen Turner
09-25


Responsibility for regional waste generation: A single region extended input-output analysis with uni-directional trade flows 
Christa D. Jensen, Stuart Mcintyre, Max Munday and Karen Turner
09-24


What Belongs Where? Variable Selection for Zero-Inflated Count Models with an Application to the Demand for Health Care 
Markus Jochmann
09-23


Bilateral oligopoly and quantity competition 
Alex Dickson and Roger Hartley
09-22


Harmful competition in the insurance markets
Giuseppe De Feo and Jean Hindriks
09-21


An interregional input-output analysis of the pollution content of trade flows and environmental trade balances between five states in the US Mid-West 
Soo Jung Ha, Geoffrey Hewings and Karen Turner
09-20


Stochastic Search Variable Selection in Vector Error Correction Models with an Application to a Model of the UK Macroeconomy* 
Markus Jochmann, Gary Koop, Roberto Leongonzalez and Rodney W. Strachan
09-19


Expressive Political Behaviour: Foundations, Scope and Implications* 
Alan Hamlin and Colin Jennings
09-18


UK Macroeconomic Forecasting with Many Predictors: Which Models Forecast Best and When Do They Do So?* 
Gary Koop and Dimitris Korobilis
09-17


On Public Inefficiencies in a Mixed Duopoly 
Giuseppe De Feo and Carlo Capuano
09-16


How do improvements in labour productivity in the Scottish economy affect the UK position on the Environmental Kuznets Curve?
Karen Turner and Nick Hanley
09-15


Assessing the Transmission of Monetary Policy Shocks Using Dynamic Factor Models 
Dimitris Korobilis
09-14


Simulating Wages and House Prices Using the NEG* 
Bernard Fingleton
09-13


Analysing the impact of public capital stock using the NEG wage equation: a panel data approach
Bernard Fingleton and Miguel Gomez-Antonio
09-12


THE TEXT BOOK BLACK MAGIC, or, how to make the Keynes theory disappear
Roy H. Grieve
09-11    


Price flexibility and full employment: a common misconception 
Roy H. Grieve
09-10

 
The Good, the Bad and the Populist: A Model of Political Agency with Emotional Voters
Colin Jennings
09-09


Do Productivity Improvements Move Us Along the Environmental Kuznets Curve? 
Karen Turner, Nick Hanley and Janine De Fence
09-08  


Solovian and New Growth Theory from the Perspective of Allyn Young on Macroeconomic Increasing Returns
Roger Sandilands
09-07


An Archival Case Study: Revisiting The Life and Political Economy of Lauchlin Currie 
Roger Sandilands
09-06


New Evidence on Allyn Young’s Style and Influence as a Teacher
Roger Sandilands
09-05


Hawtreyan “Credit Deadlock” or Keynesian “Liquidity Trap”? Lessons for Japan from the Great Depression
Roger Sandilands
09-04

The added value from adopting a CGE approach to analyse changes in environmental trade balances
Karen Turner, Michelle Gilmartin, Peter McGregor and Kim Swales
09-03    


Negative rebound and disinvestment effects in response to an improvement in energy efficiency in the UK economy
Karen Turner
09-02


Rebound and disinvestment effects in oil consumption and supply resulting from an increase in energy efficiency in the Scottish commercial transport sector
Sam Anson and Karen Turner
09-01 

2008

Professor Yunus on “social business” and the conquest of poverty: a dissenting view 
Roy Grieve
08-13


The Relative Efficiency of Automatic and Discretionary Industrial Aid* 
Kim Swales
08-12


The Importance of Revenue Sharing for the Local Economic Impacts of a Renewable Energy Project: A Social Accounting Matrix Approach 
Grant Allan, Graham Ault, Peter McGregor and Kim Swales
08-11 


Econometric Estimation of Armington import elasticities for regional CGE models of the Chicago and Illinois economies 
Soo Jung Ha, Geoffrey Hewings and Karen Turner
08-10 -REVISED


Intra-Group Competition and Inter-Group Conflict: An Application to Northern Ireland 
Colin Jennings
08-09   


A comparison of results from MRIO and interregional computable general equilibrium (CGE) analyses of the impacts of a positive demand shock on the ‘CO2 trade balance’ between Scotland and the rest of the UK
Michelle Gilmartin, Kim Swales and Karen Turner
08-08


A computable general equilibrium analysis of the relative price sensitivity required to induce rebound effects in response to an improvement in energy efficiency in the UK economy 
Karen Turner
08-07   


'Economic Geometry': Marshall's and other early representations of demand and supply
Roy Grieve
08-06   


Adam Smith's concept of productive and unproductive labour: An Interpretation
Roy Grieve
08-05 - Amended February 2009


Keynes, Sraffa and the emergence of the General Theory: Some Thoughts 
Roy Grieve
08-04   


Civil Conflict, Federalism and Strategic Delegation of Leadership
Colin Jennings and Hein Roelfsema
08-03


Political economics and normative analysis 
Colin Jennings and Iain McLean
08-02


Can Migrants save Greece from Ageing? A Computable General Equilibrium Approach using G-AMOS
Nikos Pappas
08-01

2007

The Concept of Abstract Labour in Adam Smith’s System of Thought+ 
Eric Rahim
07-06   


The National Impact of Regional Policy: Supply-Side Policy Simulation with Labour Market Constraints in a Two-Region Computable General Equilibrium Model 
Michelle Gilmartin, Peter McGregor and Kim Swales
07-05  


The National Impact of Regional Policy: Demand-Side Policy Simulation with Labour Market Constraints in a Two-Region Computable General Equilibrium Model
Michelle Gilmartin, David Learmonth, Peter McGregor, Kim Swales and Karen Turner
07-04  


The Economic Impact of Regular Season Sporting Competitions: The Glasgow Old Firm Football Spectators as Sports Tourists 
Grant Allan, Stewart Dunlop and Kim Swales 
07-03  


Labor Market Adjustment, social spending and the automatic stabilizers in the OECD
Julia Darby and Jacques Melitz
07-02  


Macroeconomic Impacts of Demographic Change in Scotland: A Computable General Equilibrium Analysis
Katerina Lisenkova, Peter McGregor, Nikos Pappas, Kim Swales, Karen Turner and Robert Wright
07-01

2006

Grants versus Tax Sharing: The Extent of Central Government Control
Graeme Roy 
06-05


Concurrent and legacy impacts from establishing a marine energy sector in Scotland: a computable general equilibrium analysis 
Grant Allan, Peter McGregor, Tim Stallard, Kim Swales and Karen Turner
06-04


Putting the Record Straight: Adam Smith, Allyn Young and the Division of Labour 
Roy Grieve (with comments from Ramesh Chandra) 
06-03


The Impact of Alternative Electricity Generation Technologies on the Scottish Economy: An Illustrative Input-Output Analysis* 
Grant Allan, Peter McGregor, Kim Swales and Karen Turner
06-02


Marx and Schumpeter: A Comparison of their Theories of Development 
Eric Rahim
06-01

2005

Non-discretionary and automatic fiscal policy in the EU and the OECD 
Jacques Melitz
05-03  

Trade costs, trade balances and current accounts: An Application of gravity to multilateral trade 
Giorgio Fazio, Ronald Macdonald and Jacques Melitz
05-02  

Countries, regions and trade: on the welfare impacts of economic integration* 
Kristian Behrens, Carl Gaigne, Gianmarco I. P. Ottaviano and Jacques-Francois Thisse
05-01

2004

Policy Spillovers in a Regional Target-Setting Regime* 
David Learmonth and Kim Swales
04-24


Three and Four Region Multi-Sectoral Linear Modelling Using UK Data: Some Preliminary Results 
Grant Allan, Fraser Jamieson, Peter McGregor, Kim Swales and Karen Turner
04-23   


Construction of a multi-sectoral inter-regional IO and SAM database for the UK*
Grant Allan, Peter McGregor, Kim Swales and Karen Turner
04-22


The Enviromental 'Trade Balance' between Scotland and the rest of The Uk: An Inter-Regional Input-Output and SAM analysis* 
Peter McGregor, Kim Swales and Karen Turner
04-21


The National Impact of Regional Policy: Policy Simulation with Labour Market Constraints in a Two-Region Computable General Equilibrium Model * 
Linda Ferguson, David Learmonth, Peter McGregor, Donald McLellan, Kim Swales and Karen Turner
04-20   


The Information Requirements for an Effective Regional Policy: A Critique of the Allsopp Report * 
Eric McVittie and Kim Swales
04-19


Globalization, tax competition and fiscal equalization 
Carl Gaigne and Stephane Riou
04-18


Estimating Earnings In An Employment Status Model With Banded Data 
Brian Ashcroft, Darryl Holden and Kenneth Low
04-17


Potential Entrepreneurs and the Self-Employment choice decision* 
Brian Ashcroft, Darryl Holden and Kenneth Low
04-16


Fiscal Federalism, Fiscal Consolidations and Cuts in Central Government Grants: Evidence from an Event Study 
Julia Darby, Anton Muscatelli and Graeme Roy
04-15


A cross-country analysis of the Okun’s Law coefficient convergence in Europe 
Roger Perman and Christophe Tavera
04-14


Incorporating sustainability indicators into a computable general equilibrium model of the Scottish economy 
Linda Ferguson, Peter McGregor, Kim Swales, Karen Turner and Ya Ping Yin
04-13


Testing for convergence of the Okun’s Law coefficient in Europe 
Roger Perman and Christophe Tavera
04-12


Saving, Investment and Growth: A Smithian Perspective 
Ramesh Chandra
04-11


Extreme Interdependence and Extreme Contagion Between Emerging Markets 
Giorgio Fazio
04-10


Roncaglia on Sraffa and Wittgenstein: Further Comment 
Roy Grieve
04-09


Attribution of Pollution Generation to Local Private and Public Demands in a Small Open Economy: Results from a SAM-Based Neo-Classical Linear Attribution System for Scotland 
Peter McGregor, Donald McLellan, Karen Turner and Kim Swales
04-08


Price Flexibility and Full Employment: Losing the Plot? 
Roy Grieve
04-07


‘Constrained Discretion’ in UK Monetary and Regional Policy† 
Eric McVittie and Kim Swales
04-06


An Extension and Application of the Leontief Pollution Model for Waste Generation and Disposal in Scotland * 
Grant Allan, Nick Hanley, Peter McGregor, Kim Swales and Karen Turner
04-05


An Input-Output-Based Alternative to “Ecological Footprints” for Tracking Pollution Generation in a Small Open Economy* 
Peter McGregor, Kim Swales and Karen Turner
04-04


Market Mobilised Capital, Legal Rules and Enforcement
Frank Stephen and Stefan Van Hemmen
04-03


Risk sharing and EMU 
Jacques Melitz
04-02


Fiscal Consolidation and Decentralisation: A Tale of Two Tiers 
Julia Darby, Anton Muscatelli and Graeme Roy
04-01

2003

The Economics of Devolution/ Decentralisation in the UK: Some Questions and Answers* 
Peter McGregor and Kim Swales
03-13


International Parity Relationships and a Nonstationary Real Exchange Rate. Germany Versus the US in the Post Bretton
Woods Period 
Katarina Juselius and Ronald MacDonald
03-12


Adam Smith and Competitive Equilibrium 
Ramesh Chandra
03-11


Language and Foreign Trade 
Jacques Melitz
03-10


The Additional Precision Provided by Regional-Specific Data: the Identification of Fuel-Use and Pollution Generation Coefficients in the Jersey Economy1 
Karen Turner
03-09


The Regional Distribution of Public Expenditures in the UK: An Exposition and Critique of the Barnett Formula* 
Linda Ferguson, Peter McGregor, Kim Swales and Karen Turner
03-08


How Differences in the Expected Marginal Productivity of Capital can Explain the Principal Puzzles in International Macro-Economics 
Nicholas Ford and Graeme Roy
03-07


Regional Policy Evaluation: Ignorance, Evidence and Influence  
Eric McVittie and Kim Swales
03-06


Fatal Attraction: Using Distance to Measure Contagion in Good Times as Well as Bad
Tamim Bayoumi, Giorgio Fazio, Manmohan Kumar and Ronald MacDonald
03-05


The Impact of the Barnett Formula on the Scottish Economy: A General Equilibrium Analysis* 
Linda Ferguson, David Learmonth, Peter McGregor, Kim Swales and Karen Turner
03-04  


Growth and Change in a Region's Knowledge Economy: A Decomposition Analysis
Richard Marsh and Iain McNicoll
03-03


Catching Up: The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Accession Countries
Ronald MacDonald and Cezary Wojcik
03-02


A Re-Examination of the Link Between Real Exchange Rates and Real Interest Rate Differentials
Mathias Hoffman and Ronald MacDonald
03-01

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