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HS2 economic adviser gives lecture on how high speed rail may transform East Midlands

roger vickerman 120x120The economic adviser to HS2 Ltd, the company responsible for developing and promoting the UK’s new high-speed rail network, is to speak at The University of Nottingham on Monday 9 May 2016. Roger Vickerman , Dean for Europe and Professor of European Economics at the University of Kent, will discuss the future economic impact that HS2 could have on the East Midlands region.

The rise of the service economy and the real return on capital

miguel leon ledesma 120x120A new discussion paper by Miguel León-Ledesma and Alessio Moro, KDPE 1604, May 2016.

Non-technical summary

The possible tendency for the returns to investment in real capital to fall as economies develop has been a long-standing problem in Economics that already preoccupied classical economists. In standard models of economic growth, the concept of balanced growth path (BGP) implies that the real return on capital, the rate of growth of GDP, the capital-to-output, and investment-to-output ratios are all constant. In the data, this is consistent with the so-called “Kaldor stylized facts”. Models of growth that achieve BGP, thus, imply that the rate of return on capital is constant in the long run.

German wages and international current account imbalances

miguel leon ledesma 120x120It is often said that wage moderation in Germany was the primary cause of the current account imbalances in the euro area that emerged prior to the financial crisis. A new study by the School’s Professor Miguel León-Ledesma and Dr Timo Bettendorf, a Research Economist in the Economic department of the Bundesbank and former PhD student at the School, puts this hypothesis to the test. An article on their research has featured in Research Brief  (2nd Edition, March 2016) published by the Deutsche Bundesbank Eurosystem Research Centre.

Workshop: Economic and psychological perspectives on social issues using an experimental approach

eastern arc 120x120The Eastern ARC Quantitative Social Sciences section at the University of Kent would like to invite academic staff and postgraduate research students to participate in the workshop ‘Economic and Psychological Perspectives on Social Issues using an Experimental Approach’ to be held at the University of Kent on 20-21 April 2016. The purpose of the workshop is to highlight the synergy of research in economics and psychology with the aim to foster collaboration among students and faculty.

Seminar on impact of Common Agricultural Policy (CAP)

ceas 120x120The Board of the European Association of Agricultural Economists has approved the CEAS (Centre for European Agri-Environmental Studies) proposal for a seminar on the impact of the Common Agricultural Policy (CAP) on rural job creation. CEAS, in partnership with the Institute of Rural and Agricultural Development at the Polish Academy of Sciences, is organising a Pan-European seminar on 'Analysis of the contribution of the Common Agricultural Policy (CAP) to European rural employment past, present and future'.

Is there a mission drift in microfinance?

francis darkoA new discussion paper by Francis Awuku Darko, KDPE 1603, March 2016


This paper considers the possibility of mission drift in microfinance; a situation where Microfinance Institutions (MFIs) move away from targeting the poor and towards better-off clients. Using two different measures of poverty, the paper examines whether microfinance institutions in Uganda follow a developmental objective by expanding their access to poorer districts; and if the pattern observed varies across different types of MFIs. The analysis is conducted on 118 MFIs over the period 2009–2013; adopting a static count data model and dynamic regression approach. We find that MFIs in Uganda are more likely to target richer districts during earlier years; however, poorer districts tend to catch up over time.

Dr Alex Klein appointed to Czech research review panel

alex klein 120x120Dr Alex Klein, Senior Lecturer in Economics at the School, has been appointed by the Council for Research, Development and Innovation (CRDI), an advisory body to the Government of the Czech Republic, as a panel member of the Verification and Review Panel for Research Assessment (Oborový verifikaní a hodnotící panel (OVHP) in Czech).

The purpose of the panel is to assess the quality of research conducted at Czech research institutions, and is an equivalent of the Research Excellence Framework (REF) in the UK.

Transport economics expert calls for consistency

roger vickerman 120x120The University’s Professor Roger Vickerman has called for greater consistency in how the UK regulates its various transport modes.

Speaking at a discussion on transport regulation, organised on 9 February by the Institute for Government in partnership with the City of London Corporation, Professor Vickerman argued that it was important to strike the right balance between user payments and public contributions.

Read the full article on the University of Kent website.