University of Kent
  • Research

    The School has a strong research culture and an international reputation in a number of fields.
  • Centres and groups

    We have two research centres that specialise in macroeconomics and agri-environmental studies, plus an active microeconomics research group.
  • Seminars

    We host weekly research seminars by visiting visiting academics from universities and institutions in the UK and abroad.
  • 1
  • 2
  • 3

Dr Amrit AmirapuA new discussion paper by Amrit Amirapu, KDPE 1706, February 2017.

Non-technical summary

Commerce and manufactures can seldom flourish long in any state which does not enjoy a regular administration of justice, ... in which the faith of contracts is not supported by law... Adam Smith, The Wealth of Nations, Book V, Chapter III

Are well-functioning formal judicial institutions important for growth and development? Some - including Adam Smith - have argued that they are needed to ensure efficient contract enforcement. Others have argued that informal contracting arrangements such as relational contracts, social norms or kinship networks can provide workable substitutes (Acemoglu and Johnson(2005)).

Read More

keynes collegeA new discussion paper by Masaru Inaba and Keisuke Otsu, 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.

Read More

keynes collegeA new discussion paper by Konstantinos Angelopoulos, Wei Jiang and James Malley, KDPE 1704, January 2017.

Non-technical summary

The evolution of inequality has been well documented in the data. Inequality in earnings has increased in recent decades and, in particular, wage inequality has increased dramatically since the beginning of the 20th century. As a result of this rise and its deleterious implications for the welfare of a large part of the population, societies and policymakers at large are paying increasing attention to better understanding causes and consequences of inequality.

Read More

keynes collegeA new discussion paper by Kevin S. Nell and A. P. Thirlwall, 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 there has not been unconditional convergence of per capita incomes across the world as predicted by the basic neoclassical (Solow) growth model.

Read More