Dr Miguel Leon-Ledesma

Profile

photo

Reader in Economics

Office: Keynes, Cg.9
Telephone: +44 1227 823026
Email: Miguel Leon-Ledesma

Profile

Miguel Leon-Ledesma is Reader in Economics and joined the University of Kent in 1999.

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

Miguel's personal webpages are at:
http://sites.google.com/site/miguelleonledesmaspernonalsite/Home

Research

Research interests

Miguel's research interests are on the areas of Macroeconomics, Applied Econometrics and Economic Growth. He is currently working on the estimation of the elasticity of substitution and the bias in technical progress, and their consequences for growth and business cycles. He has carried out extensive work on international macroeconomics, unemployment dynamics and nonlinear 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 http://econpapers.repec.org/RAS/ple108.htm

Current work

Working papers

Publications

Articles
  • "Identifying the Elasticity of Substitution with Biased Technical Change" (with Peter McAdam and Alpo Willman). Forthcoming: The American Economic Review.
  • “Post-Bretton-Woods Real Exchange Rates: mean reverting with nonlinear adjustment” (with D. Christopoulos). Forthcoming: Journal of International Money and Finance.
  • “What did we really know about current account sustainability in the USA?” (with D. Christopoulos). Forthcoming:  Journal of International Money and Finance.
  • "The effect of the oil price on China's exports" (with J.R. Faria, A.V. Mollick and P. Albuquerque). Forthcoming: China Economic Review.
  • "Revisiting the real wages – unemployment relationship: new results from nonlinear models" (with D. Christopoulos). Forthcoming: Bulletin of Economic Research.
  • “Remittances, Institutions and Economic Growth” (with, N. Catrinescu, M. Piracha and B. Quillin). World Development 37, 81-92, 2009.
  • “Time series output convergence tests and stationary covariates” (with D. Christopoulos). Economics Letters 101, 297-299, 2008.
  •  “Can globalization stop the decline in commodities’ terms of trade?” (with J.R.Faria, A.V.Mollick and P.Albuquerque). Cambridge Journal of Economics 32, 683-701, 2008.
  • “Testing for Granger (non-)causality in a time-varying coefficients VAR model” (with D. Christopoulos). Journal of Forecasting 27, 293-303, 2008.
  • “A simple nonlinear dynamic model of unemployment: explaining the Spanish case” (with J.R. Faria). Discrete Dynamics in Nature and Society, volume 2008, Article 981952, 2008.
  •  “How is real convergence driving nominal convergence in the new EU member states?" (with Sarah Lein-Rupprecht and Carolin Nerlich) Journal of International Money and Finance 27, 2008, 227-248.
  •  “Non-linearities and unit roots in G7 macroeconomic variables” (with Yunus Aksoy). The B.E. Journals in Macroeconomicsvol 8: Iss. 1 (Topics), Article 5, 2007.
  • “A Long-run Nonlinear Approach to the Fisher Effect” (with, D.K. Christopoulos). Journal of Money, Credit and Banking39 (2-3), 2007, 543-559.
  • “Does the Real Interest Parity Hypothesis Hold? Evidence for Emerging and Developed Countries.” (with A.L. Ferreira). Journal of International Money and Finance 26, 2007, 364-382.
  •  “Does the world real interest rate affect the real exchange rate? The SEA experience” (with, Karine Gente). Journal of International Trade and Economic Development 15 (4), 2006, 441-467.
  •  “Population and growth: is there a puzzle?” (with J. Faria and A. Sachida). Journal of Development Studies42 (6), 2006, 909-917.
  • “Exports, Product Differentiation and Knowledge Spillovers.” Open Economies Review, 17, 2005, 363-379.
  • “Real Exchange Rate and Employment Performance in an Open Economy” (with J. Faria,). Research in Economics, 59, 2005, 67-80.
  • “International Migration and the Role of Remittances in Eastern Europe” (with M. Piracha). International Migration, 42(4), 2004, 65-83.
  • “Unemployment, Hysteresis and Transition” (with P. McAdam). Scottish Journal of Political Economy, 51(3), 2004, 277-401. 
  • “Habit Formation, Work Ethics and Technological Progress.” (with J.R. Faria) The Manchester School, 72(3), 2004, 403-413.
  • “Testing the Balassa-Samuelson Effect: Implications for Growth and the PPP” (With: J. Faria). Journal of Macroeconomics, 25(2), 2003, 241-253.
  • “Unemployment Hysteresis in the US States and the EU: a Panel Approach”. Bulletin of Economic Research, 54(2), 95-104, 2002.
  • “The Endogeneity of the Natural Rate of Growth” (with: A.P. Thirlwall). Cambridge Journal of Economics, 26(4), 2002.
  • “Accumulation, Innovation and Catching-up: an Extended Cumulative Growth Model.” Cambridge Journal of Economics, 2002, 26(2), 201-216.
Selected contributions to books
  • "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 Elgard, 2009.
  • M. León-Ledesma (2007) '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.
  • M. León-Ledesma and AP Thirlwall (2007) 'Is the natural rate of growth exogenous? In Arestis', P., Baddeley, M. And McCombie, JSL (eds.): Economic Growth: New Directions in Theory and Policy. Edward Elgar.
  • M. León-Ledesma (2004) '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.
  • M. León-Ledesma (2002) '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.

Books
  • León-Ledesma, MA and Mihailov, A. Advanced International Macro and Finance. Oxford University Press. Expected date of publication: end of 2011

Teaching

Undergraduate
Postgraduate

PhD supervision

Current students
  • Ms Aikaterini Karadimitropoulou: “Recessions, growth and restructuring: cross-sectoral and cross country evidence.
  • Mr Gabriele Amorosi: "Growth, financial constraints and income distribution".
Past students
  • Dr Alex L. Ferreira: "Causes of real interest rate differentials between emerging and developed countries" Completed: August 2005. Destination: University of Sao Paulo.
  • Dr Jose Eduardo Ferreira: "Empirical Essays on Exchange Rate Determination: Fundamentals, Bubbles and News." Completed: October 2005. Destination: Central Bank of Brazil.
  • Dr Brinda Sooreea: "FDI and Growth in Developing Countries". Completed: January 2006. Destination: London Metropolitan University.
  • Dr Reginaldo Nogeira: "Inflation targeting in Emerging Markets". Completed: September 2007. Destination: Federal University of Minas Gerais.