Aggregation in networks
12 December 2017
by Nizar Allouch, discussion paper KDPE 1718, December 2017. Non-technical summary: Understanding, and making sense of, large economic networks is an increasingly important problem from an economic perspective, due to the ever-widening gap between technological advances in constructing such networks, and our ability to predict and estimate their properties. Throughout history, various concepts have been developed to reduce the inherent complexity found in large economic systems, thereby re...
Research paper to appear in the Review of Economic Studies
29 November 2017
A paper by Miguel Leon-Ledesma and Mathan Satchi entitled 'Appropriate technology and balanced growth' has been accepted for publication at the Review of Economic Studies, one of the leading journals in Economics. A non-technical summary of the paper, previously published in the school's Discussion Paper series, can be found here.
Taste and health benefits key reasons for buying organic food
16 November 2017
Shoppers usually claim they buy organic food because it is environmentally friendly and has higher standards of animal welfare. However, research has found that in reality better taste and health benefits are key motivators for buying organic produce. Lecturer Dr Adelina Gschwandtner from the School of Economics, analysed the organic shopping habits of consumers in Canterbury to discover their price thresholds and rational...
Strategic trade control contract award
16 November 2017
Dr Maria Garcia-Alonso from the School of Economics has been awarded a partnership in a framework contract for the provision of expertise on strategic trade control-related activities. The framework contract will provide the Joint Research Centre of the European Commission with technical expertise and support from external academia experts with proven experience in the field for thematic multi-disciplinary research work, preparation of training material and ...
Was Domar Right? Serfdom and Factor Endowments in Bohemia
6 November 2017
by Alexander Klein and Sheilagh Ogilvie, discussion paper KDPE 1717, October 2017. Non-technical summary: What causes labor coercion? It appears informally in most economies, but in some it prevails as a formal system of slavery or serfdom, with wide economic repercussions. Serfdom existed in most European economies for long periods between c. 800 and c. 1860. In many serf economies, most rural families were obliged to do coerced labor for landlords. Since t...
Disputes, Debt and Equity
6 November 2017
by Alfred Duncan and Charles Nolan, discussion paper KDPE 1716, July 2017. Non-technical summary: We provide a new justification for the widespread use of debt finance as an alternative to equity finance. We show that when the returns of investment projects can only be partially observed by outside financiers, and this partial observation is itself costly, then the optimal contract agreed between entrepreneurs and outside financiers takes the form of a standard debt contract. This finding bui...
A new home for our school
2 November 2017
The School of Economics is excited to reveal plans for a move to a new building, which will provide a stronger visual focus, identity and community for the School. In particular, space which is open to all the School's students will for the first time allow its undergraduate students a physical presence within that community. The building will provide the School with a modern, identifiable home. The building will house improved facilities for students and staff, such as social spaces, me...
A Long-Run Perspective on the Spatial Concentration of Manufacturing Industries in the United States
2 November 2017
by Nicholas Crafts and Alexander Klein, discussion paper KDPE 1715, August 2017. Non-technical summary: It is well-known that patterns of regional specialization and the spatial concentration of manufacturing industries have changed markedly over time. Kim and Margo (2004) describe a trajectory where regional divergence developed in the context of industrialization during the late 19th and...
Brazil nuts are rocketing in price- here's why
25 October 2017
Sometimes the price of certain foods rise suddenly and exponentially. For example, earlier this year it was iceberg lettuce, broccoli and courgettes in the UK, while in the US and Canada it was cauliflowers and lettuce, and more recently there have been sharp rises in the price of avocados. And it may only be a matter of time until we hear about an increase in the price of wine from France and Italy as a result of the poor grape harvest in 2017. Currently sp...
Open Days 2017
21 October 2017
Thank you to everyone who came to one of our Open Days this year. As promised, here is a link to the School of Economics presentation slides: https://www.kent.ac.uk/economics/events/open-day-oct-17.pdf We hope you enjoyed your day at Kent and found answers to your questions, however, if you have any further queries, please do not hesitate to contact us: School of Economics Tel: 01227 827497 Economics Admissions Team Email: firstname.lastname@example.org Queries regarding scholarship...