Economics & Finance
Our research strengths are in dynamic macroeconomics, choice theory, bounded rationality, game theory, expectations and learning, competition and innovation and climate change. We support two research centres - the Centre for Dynamic Macroeconomic Analysis (CDMA) and the Centre for Research in Industry, Enterprise, Finance and the Firm (CRIEFF), and we are also actively involved in the Scottish Institute for Research in Economics (SIRE).
For more information please visit the School of Economics & Finance home page.
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Recent Submissions
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The earnout structure matters : takeover premia and acquirer gains in earnout financed M&As
(2016-05) - Journal articleIn this article, based on both parametric and non-parametric methods, we provide a robust solution to the long-standing issue on how earnouts in corporate takeovers are structured and how their structure influences the ... -
Preferential votes and minority representation in open list proportional representation systems
(2017-10-04) - Journal articleUnder open list proportional representation, voters vote both for a party and for some candidates within its list (preferential vote). Seats are assigned to parties in proportion to their votes and, within parties, to the ... -
Local labor markets and the persistence of population shocks
(University of St Andrews, 2017-09-30) - Working or discussion paperThis paper studies the persistence of a large, unexpected, and regionally very unevenly distributed population shock, the inflow of eight million ethnic Germans from Eastern Europe to West Germany after World War II. Using ... -
R&D cyclicality and composition effects : a unifying approach
(2017-09-27) - Working or discussion paperExisting empirical studies do not concur on whether R&D spending is procyclical or countercyclical: the former hypothesis is supported by studies of aggregate R&D spending, whereas the latter is vindicated by firm-level ... -
The relationship between R&D and competition : reconciling theory and evidence
(2017-09-27) - Working or discussion paperThe hypothesis of a hump-shaped relationship between innovation and competition due to Aghion, Bloom, Blundell, Griffith, and Howitt (2005), has been tested for different data sets without garnering conclusive support. In ...
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