Macroeconomics, Growth and History Centre (MaGHiC)
About the Centre
The Macroeconomics, Growth and History Centre (MaGHiC) is the focal point for macroeconomic research, events and PhD training at the University of Kent. The research interests of the group span macroeconomic theory, empirical macroeconomics, macroeconometrics and the macroeconomic analysis of historical data. The Centre has strengths in growth, structural change, computational economics, firm dynamics and macroeconomic history.
Researchers within the Centre have published articles in leading international journals including the American Economic Review, the Review of Economic Studies, the Journal of The European Economic Association, the Economic Journal, the American Economic Journal: Macroeconomics, the Review of Economic Dynamics, the Journal of Econometrics and many others.
Money Macro and Finance Group
15 April 2017
Professor Miguel Leon-Ledesma has been invited to join the steering committee of the UK's Money Macro and Finance Research Group (MMF). The MMF is a study group which exists to promote and disseminate economic research in these fields of study, primarily in the UK. The group was founded in 1969 as the Money Study Group and quickly established itself as a key national forum for monetary economists in the UK. It has now broadened its focus and its title reflects this. It was the first of t...
Regional business cycle and growth features of Japan
14 March 2017
by Masaru Inaba and Keisuke Otsu, discussion paper KDPE 1705, March 2017. Non-technical summary The objective of this paper is to construct a dataset of Japanese prefecture level production, income and expenditure data and analyze the Japanese regional growth and business cycle features. The 47 prefectures are analyzed individually and also as 10 regional groups; Hokkaido, Tohoku, Kanto, Chubu, Kinki, Chugoku, Shikoku, Kyushu and Okinawa. Our dataset is...
Why does the productivity of investment vary across countries?
3 March 2017
by Kevin S. Nell and A. P. Thirlwall, discussion paper KDPE 1703, March 2017. Non-technical summary 'New' (endogenous) growth theory seeks to explain growth rate differences between countries outside the confines of orthodox neoclassical growth theory, but also to rehabilitate the neoclassical model with diminishing returns to capital by introducing other variables into the equations to explain why ...
Appropriate technology and balanced growth
26 January 2017
In macroeconomics, we typically model production by specifying a 'production function,' which tells us how much output is produced with given quantities of the 'factors of production,' often taken simply as capital and labour. Factor shares refer to the proportion of the income earned by production that goes to each factor, so the labour share is the proportion of this income that is earned by workers through supplying labour. There are v...