School of Economics


profile image for Professor Miguel León-Ledesma

Professor Miguel León-Ledesma

Professor of Economics

School of Economics, Keynes College, Cg.09

Miguel León-Ledesma is Director of Research


Miguel León-Ledesma is Professor of Economics and joined the University of Kent in 1999. He is Director of the Macroeconomics, Growth and History Centre (MaGHiC).

Miguel has been a regular consultant for the European Central Bank, and has also consulted for the Asian Development Bank. He has been a visiting researcher at the universities of Frankfurt, UTS (Sydney), and a Visiting Professor at University of Aix-Marseille, and the University of São Paulo.

back to top


Miguel's publications can also be found on RePEc and ResearchGate.


Selected contributions to books

  • "Skills and Technology: Estimating Wage Premiums with a Supply Side Approach" (with P. McAdam and A. Willman) in de La Grandville and K. Choi (eds), Frontiers in Economics and Globalization, vol 11, Emerald, 2011.
  • "Growth with Biased Technical Progress and Factory Complementarity: a New Approach" (with M. Satchi) in de La Grandville and K. Choi (eds), Frontiers in Economics and Globalization, vol 11, Emerald, 2011.
  • "The Link Between Real and Nominal Convergence: The Case of the New EU Member States" (with S. Lein and C.Nerlich), in Reiner Martin and Adalbert Winkler (eds), Real Convergence in Central, Eastern and South-Eastern Europe, Macmillan, 2009.
  • "The endogenous nature of the natural rate of growth" (with M. Lanzafame), in M. Stetterfield (ed.), Handbook of Alternative Theories of Economic Growth, Edward Elgar, 2009.
  • "Cycles, Aggregate Demand and Growth", in P. Arestis, J. McCombie and R. Vickerman (eds): Growth and Economic Development: Essays in Honour of A. P. Thirlwall, Edward Elgar, 2007.
  • "Is the natural rate of growth exogenous?" (with A. P. Thirlwall), in P. Arestis, M. Baddeley and J.S.L. McCombie (eds), Economic Growth: New Directions in Theory and Policy, Edward Elgar, 2007
  • "Cumulative growth and the catching-up debate from a dis-equilibrium standpoint", in J.S.L. McCombie, M. Pugno and B. Soro (eds), Productivity Growth and Economic Performance, Macmillan, 2004
  • "Export performance and R&D spillovers in 21 OECD countries", in J.R. Faria and A. Levi (eds), Economic Growth, Inequality and Migration, Edward Elgar, 2002


  • Advanced International Macro and Finance (with A. Mihailov), Oxford University Press, expected date of publication: end of 2012
back to top


Research interests

Miguel's research interests are on the areas of Macroeconomics, Economic Growth and Applied Econometrics. He is currently working on the role of capital labour substitution and biased technical change in macroeconomic models, and their consequences for business cycles and factor income distribution. He is also working on methods for selection of fundamental shocks in business cycles models and the role of capital flows and financial constraints for growth. He has carried out extensive work on international macroeconomics, and time-series methods. Miguel is currently writing a post-graduate textbook on International Macro and Finance for Oxford University Press.

Miguel's RePEc page is

Working papers

back to top




back to top

Consultation hours

  • Mon 11.30-12.30
  • Mon 14.30-15.30
back to top

PhD supervision

Current research themes within which Miguel León-Ledesma can consider supervising PhD students, include:

  • Technology and business cycles
  • Macroeconomics and distribution
  • International macroeconomics
  • Growth from a sectoral disaggregate perspective.

Projects need to have a substantial theory and empirical content.

Current students

  • Ms Sevgi Coskun, registered 2014
  • Ms Aydan Dogan: "Essays on International macroeconomics", registered 2011
  • Mr Jonathan Hughes: "Exchange rate volatility, growth and recoveries", registered 2011
  • Ms Monica Paganini: "Firm efficiency, misallocation and productivity in African countries", registered 2011
  • Ms Mengyang Wei, School of Engineering, 2nd supervisor: “Using control theory to detect systemic banking risk”, registered 2012

Past students

  • Alex L. Ferreira: "Causes of real interest rate differentials between emerging and developed countries". Completed: August 2005. Destination: University of Sao Paulo, FEARP.
  • Jose Eduardo Ferreira: "Empirical Essays on Exchange Rate Determination: Fundamentals, Bubbles and News". Completed: October 2005. Destination: Central Bank of Brazil.
  • Brinda Sooreea: "FDI and Growth in Developing Countries". Completed: January 2006. Destination: University of Mauritius.
  • Reginaldo Nogeira: "Inflation targeting in Emerging Markets". Completed: September 2007. Destination: Ibmec Business School, BH, Brazil.
  • Gabriele Amorosi: "Essays on income distribution and financial access". Completed: February 2012. Destination: University of Hull.
  • Aikaterini Karadimitropoulou: "Essays on macroeconomic cycles". Completed: April 2012. Destination: University of East Anglia.
  • Timo Bettendorf: "Essays on Global imbalances and capital flows". Completed: October 2014. Destination: Bundesbank.
back to top

Administrative roles

  • Director of Research


back to top

School of Economics, Keynes College, University of Kent, Canterbury, Kent, CT2 7NP

Undergraduate enquiries: +44 (0) 1227 827497, Postgraduate enquiries: +44 (0) 1227 827440 or email us

Last Updated: 19/02/2015