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.
Labour market polarisation started as early as the 1950s
18 May 2017
Research by Dr Christian Siegel from the School of Economics has found that labour market polarisation caused by the decline of traditional middle-income jobs relative to low- and high-income jobs started as early as the 1950s. The loss of middle-income manufacturing jobs, as witnessed in the US and most Western European countries, has usually been attributed to the rise of computers and software systems in the 1980s. This is because computers allow...
Workshop: Validation Methods for Agent-Based Models
20 April 2017
The School of Economics will be hosting a workshop on ‘Validation Methods for Agent-Based Models’ on Monday 24 April. The workshop will comprise a series of presentations relating to this very active area of research on the afternoon of 24 April, followed by an informal reception. Background Agent-based models (ABM) aim to explore aspects of the interaction of economic agents that are difficult to model using standard approach...
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 ...