17 August 2017
The University of Kent has again proved that it is a popular choice for Economics. The School of Economics has had an excellent year for recruitment and therefore was unable to partake in the Clearing bonanza. Thanks to all those who applied to us and we look forward to meeting our new students in September! Applications for 2018 entry open on 6 September 2017.
An empirical validation protocol for large-scale agent-based models
17 July 2017
by Sylvain Barde and Sander van der Hoog, discussion paper KDPE 1712, July 2017. Non-technical summary Despite recent advances in bringing agent-based models (ABMs) to the data, the estimation or calibration of model parameters remains a challenge, especially when it comes to large-scale agent-based macroeconomic models. Most methods, such as the method of simulated moments (MSM), require in-the-loop simulation of new ...
Graduation and prizewinners 2017
13 July 2017
It was a pleasure to celebrate with our new graduates and their families at a reception held on 10 July at the Cathedral Lodge in Canterbury. During the event, the School awarded a number of prizes for outstanding achievement, and you can see all our prizewinners for 2017 on our website under Celebrating Success. The reception was a fantastic way to mark the achievement of our students, and we would like to wish all our gra...
Microeconomic approaches to economic development
7 July 2017
The School of Economics hosted a research workshop on ‘Microeconomic Approaches to Economic Development’ on 21-22 June 2017 organised by Anirban Mitra and Zaki Wahhaj. Professor Debraj Ray (New York University) and Professor Kalle Moene (University of Oslo) gave keynote presentations on, respectively, the relationship between group size and conflict, and the role of merit in economic distribution, in a session chaired by Professor Tony Thirlwall....
UK consumers spend more on British meat after horse meat scandal
5 July 2017
Consumers are now far more conscious of the origin of fresh and processed meat they buy and willing to pay more for British labelled meat, according to new research by Professor Iain Fraser in the School of Economics. The shift has, in part, come as a result of the 2013 horse meat scandal when it was discovered that numerous beef products were found to contain horse meat, some of which had been declared unfit for human cons...
Cash for Votes: Evidence from India
4 July 2017
by Anirban Mitra, Shabana Mitra and Arnab Mukherji, discussion paper KDPE 1711, June 2017. Non-technical summary Campaigning in elections is costly. In countries without public funding of election campaigns, such financing necessarily relies on donations by private corporations and individuals. If, furthermore, such donations are subject to restrictive legal limits – which is often the case in several developing nations – then it suggests ...
The Determinants of International Migration in Early Modern Europe
4 July 2017
by Alexander Klein and Jelle van Lottum, discussion paper KDPE 1710, June 2017. Non-technical summary Migration was a common feature of pre-industrial societies. Because the vast majority of migrations took place within the confines of a country, a province or even a parish, in most cases such moves occurred over relatively short distances. However, long-distance migrations, involving moves of hundreds of kilometres or...
Tony Thirlwall to give keynote address
4 July 2017
Professor Tony Thirlwall will give the Keynote address at the MSc graduation ceremony for students studying international and development economics at the Hochschule für Technic und Wirtschaft Berlin on 19 July. The title of his talk will be ‘In Praise of Development Economics’.
Industry volatility and international trade
6 June 2017
by Adina Ardelean, Miguel León-Ledesma and Laura Puzzello, discussion paper KDPE 1709, June 2017. Non-technical summary In modern theories of economic fluctuations, shocks that drive macroeconomic uncertainty are transformed into business cycles through a propagation mechanism. One such propagation mechanism can be inter-industry linkages: volatility at the industry level can translate into aggregate macroeconomic volatility. For this reason, und...
Government must think seriously about farm and rural support after Brexit
31 May 2017
Experts from the School of Economics Centre for European Agri-Environmental Studies have said the government must create suitable replacement support for UK farmers once the country leaves the European Union and Common Agricultural Policy (CAP) payments stop. In a paper written for the National Institute of Economic and Social Research (NIESR) by Professor Sophia Davidova, Dr Alastair Bailey and honorary Professor Ulrike H...