Postgraduate research opportunities The wealth channel in climate change macroeconomics
ApplyKey facts
- Opens: Monday 27 January 2025
- Deadline: Monday 3 March 2025
- Number of places: 1
- Duration: 36 months
- Funding: Home fee, Stipend, Travel costs
Overview
Climate change is increasingly studied by empirical and theoretical macroeconomists. This project will provide an opportunity for the successful applicant to investigate the importance of a potential wealth channel for climate change outcomes and policy. The project shall use the latest developments in econometrics and theoretical modelling, in a highly topically area of research.Eligibility
We would look for you to have the following:
- highly self-motivated and should have an ability to work independently as well as part of a team
- strong quantitative skills and good communication skills, both written and verbal
- a good primary undergraduate degree and preferably hold or be about to complete a master’s degree in economics or related discipline with very good grades
- you should also be willing to undertake the coursework required under the structured PhD programme in Economics at University of Strathclyde
Please note, we do not require candidates with knowledge of climate change economics, but with a strong interest in the field and a focus on economic thinking.
If English isn't your first language, you'll need an IELTS score of 6.5 or equivalent with no individual element below 5.5.
Project Details
Amid a period when the United Nations has identified climate change as one of the most pressing challenges of our time, a growing body of complex and contested literature has emerged regarding its effects on GDP. Focusing on GDP, however, ignores the wealth channel which can be of importance for climate change. As wealth is a stock variable which is driven by asset valuations and savings behaviour, climate change may damage the asset valuations and impact savings behaviour in the short and long run.
This project will investigate the role of wealth stock in climate change and climate change policy by employing a mixed methods approach. We empirically investigate the impact of national and extreme temperatures upon the country’s wealth using a benchmark panel regression method. Having tested the climate-wealth channel empirically, we shall model this link using recent developments in Theoretical Research
Funding details
Fully funded scholarship for 3 years covers all university tuition fees (at UK level) and an annual tax-free stipend. International students are also eligible to apply, but they will need to find other funding sources to cover the difference between the home and international tuition fees. Exceptional international candidates may be provided funding for this difference.
While there is no funding in place for opportunities marked "unfunded", there are lots of different options to help you fund postgraduate research. Visit funding your postgraduate research for links to government grants, research councils funding and more, that could be available.
Apply
Strathclyde Business School is committed to supporting a diverse and inclusive postgraduate research population. We make decisions on entry by assessing the whole person and not relying solely on academic achievements. On that basis, please ensure that your application (via your CV and covering letter) can evidence your resourcefulness, commitment and resilience as demonstrated by broader professional and life experiences. This evidence should be centred on your ability to undertake and complete a PhD and contribute to a positive PhD community.
Your application must include:
- an updated curriculum vitae
- details of two academic referees, including email addresses
- degree certificate(s) and academic transcript(s), which must be certified copies
Number of places: 1
Please note, there will be a shortlisting and interview process.
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Economics
Programme: Economics