Economics, analytics & international business
This research group examines the many ways economics and the economy impact on contemporary society. The group’s work includes research ranging from traditional theory and applied economics to specialisms in financial economics, monetary policy, exchange rate effects, tourism, regional policy and the philosophy and methodology of economics. Additionally, the group is active in advancing the public understanding of economics and in the development of pedagogy and the economics curriculum.
In the early twentieth century Lionel Robbins provided what became the standard definition of economics, “The science which studies human behaviour as a relationship between ends and scarce means, which have alternative uses.” Many of the traditional questions and issues framed by this definition continue to apply. However, the twenty-first century has also resulted in a number of challenges that have broadened the range of ways of thinking about what economics is and what its scope should be. For example, what degree of control or influence can or should be exercised over an economy and by whom; what it means to create and distribute wealth in relation to how an economy “provisions” in ways that meet the needs of its population; and whether that economy can be said to be “regenerative” or is by contrast environmentally unsustainable.
Economics like all the other social sciences is increasingly required to acknowledge complexity and uncertainty as well as to engage in and draw on other disciplines. Our research group values the diverse ways contemporary society can be explored by economists and this is reflected in the range and scope of our work. This encompasses the analysis of financial market efficiencies, the conduct of monetary policy in low interest rate environments and work on improving understanding of the role of social systems and networks in economic decision making and outcomes. We conduct research relevant to and influential on policy in local and national government and business, drawing on disciplines in strategy, governance and development studies.
Neil Barnett, Professor Steven Griggs and Professor Richard Freeman (2017) Doing Local Politics in Scotland: Councillors, Officers and Communities; commissioned report for the Association of Public Service Excellence (APSE), July; £15,000 allocated between Leeds Beckett (£7,500) and De Montfort
Neil Barnett, Professor Steven Griggs and Dr Stephen Hall (2018) Municipal Entrepreneurship; commissioned report for the Association of Public Service Excellence (APSE), June; £15,000 allocated between Leeds Beckett (£7,500) and De Montfort
- Barnett, N., Griggs, S., and Howarth, D. (2018) ‘Whatever happened to local councillors? Problematising the deficiency narrative in English local politics’ Political Studies, forthcoming
- Nasir, A. and Morgan, J. (2018) ‘Pre-Brexit: the EU referendum as an illustration of the effects of uncertainty on the Sterling exchange rate’ Journal of Economic Studies, forthcoming
- Tsoularis, A. (2018) ‘A stochastic differential equation inventory model with inventory- dependent demand’ International Journal of Applied and Computational Mathematics, forthcoming
- Caputo, A., Ayoko, O. B., and Amoo, N. (2018) ‘The moderating role of cultural intelligence in the relationship between cultural orientations and conflict management styles’ Journal of Business Research 89: 10-20.
- Morgan, J. and Patomäki, H. (2017) ‘Contrast explanation in economics: its context, meaning, and potential’ Cambridge Journal of Economics 41(5): 1391-1418
- Griffin, K. and Raj, R. (2017) ‘The Importance of Religious Tourism and Pilgrimage: reflecting on definitions, motives and data’ International Journal of Religious Tourism and Pilgrimage 5(3): 2-9
- Soliman A.M., Momoh, A. and Awad, I. (2017) ‘Infrastructure Guarantees: Making it Simple’ Economic Studies 1: 212-231
- Ibikunle, G., Hoepner, A., Gregoriou, A., and Rhodes, M. (2016) ‘Liquidity and Market Efficiency: European Evidence from the World’s Largest Carbon Market’ British Accounting Review 48(4): 431–447
- Morgan, J. and Patomäki, H. editors (2018) Brexit and the Political Economy of Fragmentation: Things fall apart London: Routledge.
- Morgan, J. (2019) ‘Firms: Private Equity Finance and Global Wealth Chain Effects’, in Leonard Seabrooke and Duncan Wigan editors Global Wealth Chains: Governing Assets in the World Economy Oxford: Oxford University Press, forthcoming
- Morgan, J. and Sun, W. (2017) ‘Corporations, taxation and responsibility: practical and onto-analytical issues for morphogenesis and eudemonia, a posse ad esse?’ pp. 185-210 in Margaret Archer editor Human Flourishing and Social Morphogenesis: Volume V London: Springer