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Faculty of Arts and Social Sciences
Kingston University
Penrhyn Road
Kingston upon Thames
Surrey KT1 2EE

Tel: +44 (0)20 8417 9000

Research publications

Year Title
2011 (forthcoming) E. Stockhammer, E. Hein and G. Grafl, 'Globalization and the effects of changes in functional income distribution on aggregate demand in Germany', International Review of Applied Economics, 25(1), 1-23
2011 (forthcoming) José R. Sánchez-Fung and Aaron Mehrotra (Bank of Finland), 'Assessing Mccallum and Taylor rules in a cross-section of emerging market economies', Journal of International Financial Markets, Institutions & Money, forthcoming
2011 (forthcoming) José R. Sánchez-Fung and Aaron Mehrotra (Bank of Finland), 'Monetary policy and the exchange rate in China', Comparative Economic Studies, forthcoming
2011 (forthcoming) Subrata Ghatak and Tomoe Moore (Brunel), 'Monetary Policy Rules for Transition Economies: An Empirical Analysis', Review of Development Economics, forthcoming
2011 Subrata Ghatak and Jalal Siddiki, 'Financial Liberalisation and Endogenous Growth in Bangladesh: cointegration analysis with regime shifts', International Journal of Economic Issues 4(2) July-December 2011: 191-207
2011 Engelbert Stockhammer, 'Wage norms, capital accumulation, and unemployment: a post-Keynesian view', Oxford Review of Economic Policy 2011 27: 295-311
2011 José R. Sánchez-Fung, 'Estimating monetary policy reaction functions for emerging market economies: the case of Brazil', Economic Modelling, July 2011: 28(4) 1730-8. ISSN: 0264-9993
2011 Subrata Ghatak and Monica I Pop Silaghi, 'Why Don't they Move from the Rural to the Urban Areas? Inter-regional Migration in Romania', The Romanian Journal of Economic Forecasting, Vol.14: No.1, pp 143-58, March 2011: ISSN : 1582-6163
2011 Engelbert Stockhammer, 'Peripheral Europe's debt and German wages: the role of wage policy in the Euro area', International Journal of Public Policy 7, (1-3): 83-96
2011 Young-Joo Kim, 'Catholic schools or school quality? The effects of Catholic schools on labor market outcomes', Economics of Education Review 30, 546-558
2011 Engelbert Stockhammer and Erik Klär, 'Capital accumulation, labour market institutions and unemployment in the medium run', Cambridge Journal of Economics (2011), 35(2): 437-457
2011 Engelbert Stockhammer, 'Neoliberalism, Income Distribution and the Causes of the Crisis' in: Philip Arestis, Rogério Sobreira, José Luis Oreiro (eds., 2011), 'The 2008 Financial Crisis, Financial Regulation and Global Impact', Volume 1 The Financial Crisis: Origins and Implications
2011 Susan Pozo, José R. Sánchez-Fung and Amelia U. Santos-Paulino (UNU-WIDER), 'A note on modelling economic growth determinants in the Dominican Republic', Macroeconomics and Finance in Emerging Market Economies, 4: 1, 35-41
2010 E. Stockhammer, A. Steidl and H. Zeitlhofer, 'The Effect of Wages and Demographic Pressure on Migration from the Habsburg Monarchy to the United States of America in 1910', Jahrbuch für Wirtschaftsgeschichte (Economic History Yearbook) 2010, 2, 201-221: Berlin, Akademie Verlag, ISSN 00752800
2010 E. Hein and E. Stockhammer, 'Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model', Review of Political Economy, 22(3), 317-354, ISSN 09538259
2010 E. Stockhammer and L. Grafl, 'Financial uncertainty and business investment', Review of Political Economy, 22(4), 551-568. ISSN 0953-8259
2010 David Kelsey (Exeter) and Wei Pang, 'How productive is optimism? the Impact of ambiguity on the "big push"', Economics Bulletin, 30(1), March 2010, pp. 855-865
2010 D Kelsey (Exeter), R Kozhan (Warwick) and W Pang, 'Asymmetric Momentum Under Uncertainty', Review of Finance, 2010, 1-29
2010 Jalal Siddiki, 'The Ricardian Equivalence Hypothesis: Evidence from Bangladesh', Applied Economics, 42(11), pp. 1419-1435. ISSN (print) 0003-6846
2010 Alan Mulhern, 'Small Firms and Diverging Regions: The Case of Poland', International Journal of Economics, Issues 2(2), July-December 2009, pp 209-22, ISSN: 0974-603X
2010 Vina Theodorakopoulou, 'Consumer Debt Decisions: The Role of Ambiguity', International Journal of Economics, Issues 2(2), July-December 2009, pp 241-261, ISSN: 0974-603X
2010 Willem Spanjers (with Wei Liu: UN), 'Social Capital and Credit Constraints in Informal Finance', International Journal of Economics, Issues 2(2), July-December 2009, pp 187-207, ISSN: 0974-603X
2009 E. Stockhammer, 'Effects of European integration on Austria's economy', International Review of Applied Economics, 23(1), pp. 19-40. ISSN 0269-2171
2009 E. Stockhammer, 'The finance-dominated accumulation regime, income distribution and the present crisis', Papeles de Europa, 19, pp. 58-81. ISSN (online) 1989-5917
2009 E. Stockhammer, O. Onaran, and S. Ederer, 'Functional income distribution and aggregate demand in the Euro area', Cambridge Journal of Economics, 33(1), pp. 139-159. ISSN 0309-166X
2009 E. Stockhammer and O. Onaran, 'National and sectoral factors in wage formation in Central and Eastern Europe', European Journal of Industrial Relations, 15(3), pp. 317-338. ISSN 0959-6801
2009 E. Stockhammer and P. Ramskogler, 'Post Keynesian economics - how to move forward', Intervention, European Journal of Economics and Economic Policies, 6(2), pp. 227-246. ISSN 1613-0960
2009 E. Stockhammer, 'Was hat die einkommensverteilung mit der finanzkrise zu tun?', Die Zukunft (5), pp. 6-9. ISSN 0044-5452
2009 E. Stockhammer, 'Wirtschaftspolitik angesichts der krise in den USA und Europa', Kurswechsel (2), pp. 59-66. ISSN 1016-8419
2009 E. Stockhammer and W. Fellner, 'Wirtschaftswachstum und nachhaltiger wohlstand: messung und mythos', Wissenschaft und Umwelt Interdisziplinar, 13, pp. 32-39
2009 Willem Spanjers, 'The Asian crisis and macroeconomic development', in Ghatak, Subrata and Levine, Paul, (eds.), Development Macroeconomics: Essays in Memory of Anita Ghatak
2009 Subrata Ghatak and Willem Spanjers, 'Monetary policy rules and the impact of ambiguity in transition economies', in Ghatak, Subrata and Levine, Paul, (eds.), Development Macroeconomics: Essays in Memory of Anita Ghatak
2009 Subrata Ghatak and Paul Levine (eds.), 'Development Macroeconomics: Essays in Memory of Anita Ghatak', Routledge Studies in Development Economics, no. 71, pp 189-202, ISBN 978-0-415-44834-5
2009 Vince Daly and Jalal Siddiki, 'The twin deficits in OECD countries: cointegration analysis with regime shifts', Applied Economics Letters, 16(11), July-August 2009, pp. 1155-64, ISSN: 1350-4851 (print) / 1466 - 4291 (online); DOI: 10.1080/13504850701349179
2009 Subrata Ghatak, Monica Pop Silaghi (Babes Bolyai University, Romania) and Vince Daly, 'Trade and migration flows between some CEE countries and the UK', Journal of International Trade and Economic Development, March 2009, v. 18, iss. 1, pp. 61-78
2009 Andrea Ingianni and Vaclav Zdarek (University of Economics and Management, Prague), 'Real Convergence In The New Member States: Myth or Reality?', Journal of Economic Integration, June 2009, v. 24, iss. 2, pp. 294-320
2009 Hong Li and Vince Daly, 'Testing the balanced growth hypothesis: Evidence from China', Empirical Economics, Issue 37, pages 185 – 200; DOI: 10.1007/s00181-008-0229-7; published on-line Sept 2008; ISSN 0377-7332 (Print) 1435-8921 (Online)
2009 Spanjers, Willem, 'Introduction' in: Spanjers, Willem, (ed.) Monetary policy, trade and convergence: the case of transition economies. Berlin, Germany : LIT. pp. 1-5. (New Developments in Economic Research, no. 2) ISBN 978-3-643-10021-4
2009 Spanjers, Willem, 'Loss of confidence and currency crises' in: Spanjers, Willem, (ed.) Monetary Policy, Trade and Convergence: The Case of Transition Economies. Berlin, Germany : LIT. pp. 7-27. (New Developments in Economic Research, no. 2) ISBN 978-3-643-10021-4
2009 Spanjers, Willem, (ed.) Monetary policy, trade and convergence: the case of transition economies. Berlin, Germany : LIT. 208p. (New Developments in Economic Research) ISBN 987-3-643-10021-4
2009 Subrata Ghatak and Rafiq Chandio, 'Financial Repression and Economic Growth in Pakistan: A Co-integration Analysis', Journal of Financial Decision Making 5(1) 17-26 [ISSN 1790-4870]
2009 Alan Mulhern and John Watson, 'Spanish Internal Migration: Is there anything new to say?', Spatial Economic Analysis 4(1) 103-120, March 2009, DOI: 10.1080/17421770802625841
2008 Hong Li and Ewa Majerowska, 'Testing Stock Market Integration for Poland and Hungary: a Multivariate GARCH Approach', Research in International Business and Finance, Volume 22, Issue 3, September 2008, Pages 247-266
2008 José R. Sánchez-Fung, 'Measuring Inflation Targeting's Impact on the Macroeconomy', Applied Economics Letters, October 2008, 15(13), 1027-35, DOI: 10.1080/13504850600972410
2008 Willem Spanjers, 'Loss of Confidence and Currency Crises', International Journal of Economic Research, Vol. 5, July 2008, pp. 219-237
2008 José R. Sánchez-Fung, 'Money Demand in a Dollarising Economy: the case of the Dominican Republic', The Journal of Developing Areas Vol 42(1), Fall 2008, pp 39-52. Print ISSN: 0022-037X
2008 Willem Spanjers 'Liquiditätsversorgung bei Knight'scher Unsicherheit: Ein theoretischer Vergleich von Banken und Märkten' (Liquidity Provision under Knightian Uncertainty: a Theoretical Comparison of Banks and Markets), Engelsdorfer Verlag, Leipzig, 374 pages, ISBN:978-3-86703-685-6
2008 José R. Sánchez-Fung, 'Modelling the term structure of interest rates in a small emerging market economy', Macroeconomics and Finance in Emerging Market EconomiesVol 1(1), March 2008, pp 93-103. Print ISSN: 1752-0843; Online ISSN: 1752-0851
2008 Willem Spanjers, 'Central Banks and Ambiguity', International Review of Economics and Finance, ISSN: 1059-0560, Volume 17, No. 1, pp. 85-102
2008 Subrata Ghatak, Alan Mulhern John Watson (2008) Inter-regional Migration in Transition Economies: the Case of Poland, Review of Development Economics, 12 (1), 209-222, doi:10.1111/j.1467-9361.2008.00435.x, ISSN 1363-6669 (print); 1467-9361 (online)
2007 Truc Le Nguyen, Subrata Ghatak and Vince Daly, 'The export propensity of Polish SMEs', Prace Naukowe: Katedry Ekonomii I Zarzadzania Prsedsiebiorstwem, vol. 6 pp 223-36 ISSN 1644-499X
2007 Ali Shamsavari and Yasser Taha, 'Technology transfer by trans-national corporations in Egypt's car industry', in Ahmed, A. (ed.) Science, Technology and Sustainability in the Middle East and North Africa Geneva: Inderscience, pp 116-31 (Globalisation, Technology and Sustainable Development Book Series) ISBN (Print): 0-907776-30-2 ISBN (Online): 0-907776-32-9
2007 José R. Sánchez-Fung, 'Inflation Targeting and Monetary Analysis in Chile and Mexico', Quantitative and Qualitative Analysis in Social Sciences, vol 1(3), pp 40-62
2007 Paul Auerbach 'The Left Intellectual Opposition in Britain 1945 - 2000: the case of the alternative economic strategy' in Francis King (ed.), Is There No Alternative? Historical Problems of Socialist Economic Strategies, Socialist History Society Occasional Paper no. 24
2007 Paul Auerbach 'U.S. Decline in the context of Formal Education and In Situ Learning', Journal of Economic Issues, September 2007 41(3): 715-28, ISSN: 0021-3624
2007 Subrata Ghatak and Willem Spanjers, 'Monetary Policy Rules in Transition Economies: The Impact of Ambiguity', International Journal of Development Issues, ISSN 1446-8956, Vol. 6, No. 1, pp 26-37
2007 Subrata Ghatak and José R. Sánchez-Fung, 'Is Fiscal Policy Sustainable in Developing Economies?', Review of Development Economics, vol. 11(3), pages 518-530, August 2007, ISSN 1363-6669
2007 Hong Li, 'International linkages of the Chinese stock exchanges: a multivariate GARCH approach', Applied Financial Economics, Volume 17, Issue 4, pages 285-297, ISSN 0960-3107, Online ISSN: 1466-4305
2007 Joachim Stibora and Albert de Vaal, 'Trade Policy in a Ricardian Model with a Continuum of Goods under Nonhomothetic Preferences', Journal of Development Economics, Volume 84, pages 350-377
2006 (online) Willem Spanjers, 'Central Banks and Ambiguity', International Review of Economics and Finance, forthcoming in print
2006 Ali Shamsavari and Hossein Salar-Amoli, 'Modernisation of National Intellectual Property legislation in I.R. Iran and its Effect on Technology Transfer through Foreign Direct Investment', World Review of Science, Technology and Sustainable Development, Volume 3, Issue 3, pp. 223-234, ISSN: 1741-2242 (Print), pages 1741-2234 (Online)
2006 (online) Subrata Ghatak and José R. Sánchez-Fung, 'Is Fiscal Policy Sustainable in Developing Economies?', Review of Development Economics, forthcoming in print
2006 Subrata Ghatak and Hong Li, 'Economic Growth and Convergence in China's Provinces: Theory and Evidence', International Journal of Economic Research, Vol. 3, No. 1, pp. 1-15, ISSN: 0972-9380
2005 Peter Prazmowski (PhD student), 'A recursive cointegration test using the Kalman filter and its application to fiscal equilibrium in the Dominican Republic', Applied Economics Letters, 12(3) pp 155-60
2005 Subrata Ghatak, Alan Mulhern and Chris Stewart, 'Regional Development of Small Firms in Poland', Economic Change and Restructuring, Volume 38, Issue 2, pages 129-146, ISSN: 1573-9414 (Print), 1574-0277 (Online)
2005 José R. Sánchez-Fung, 'Estimating a Monetary Policy Reaction for the Dominican Republic', The International Economic Journal, Volume 19, Issue 4, pages 563-577, ISSN: 1016-8737
2005 Hong Li and Vince Daly, 'Convergence of Chinese Regional and Provincial Economic Performance: an Empirical Investigation', International Journal of Development Issues, Volume 4, Issue 1, pages 49-70, ISSN: 1446-8956
2005 Paul Auerbach and Jalal Siddiki, 'Financial Liberalisation and Economic Development - An Assessment', Chapter 2 in Issues in Monetary, Financial and Macroeconomic Adjustment Policies, (Surveys of Recent Research in Economics), edited by S. Sayer, Blackwell, ISBN: 1405129115
2004 Srikanta Chatterjee, Subrata Ghatak and Vince Daly, 'Prices, Exchange Rates and Export Competitiveness of New Zealand: an Assessment using Divisia Indices', International Journal of Economic Research, Volume 1, Issue 2, pages 117-128, ISSN: 0972-9380
2004 Paul Auerbach and Jalal Siddiki, 'Financial Liberalisation and Economic Development: An Assessment', Journal of Economic Surveys, Volume 18, Issue 3, pages 231-265
2004 José R. Sánchez-Fung, Peter Prazmowski and Amelia U. Santos-Paulino, editors of Essays on Macroeconomics in the Dominican Republic and Developing Countries, Volume 72 in the collection of the CBDR cultural department, Central Bank of the Dominican Republic, ISBN 99934-30-68-4
2004 Abdullah, Shahnaz, Andy Mullineux, Tony Fielding and Willem Spanjers, Intra-Household Resource Allocation and Bargaining Power of Women using Micro-Credit in Bangladesh, Department of Economics DP 04-01, The University of Birmingham
2004 José R. Sánchez-Fung and Peter Prazmowski, PPP, Random Walks, And UIP After Interest Rate Liberalisation In A Small Developing Economy', Economics Bulletin, Volume 6, Issue 1 pages 1-7
2004 David Kelsey and Willem Spanjers, 'Ambiguity in Partnerships', The Economic Journal, Volume 114, Issue 497, pages 528-546
2003 Alan Mulhern and Chris Stewart, 'Long-Term Decline of Small and Medium Size Enterprise Share', Small Business Economics, Volume 21, Issue 3, pages 215-228
2003 José R. Sánchez-Fung, 'Exchange Market Pressure in the Dominican Republic', Revista Brasileira de Economia de Empresas / Brazilian Journal of Business Economics, Volume 3, Issue 1, pages ??-??
2003 José R. Sánchez-Fung, 'Monetary Policy Reaction Dynamics In A Developing Economy: Evidence For The Dominican Republic', Applied Econometrics and International Development, Volume 3, Issue 1, pages 27-53
2003 Willem Spanjers (in Dutch), 'Hierarchically Structured Markets', Wiskundig Economische Perspectieven: Opstellen Aangeboden aan Prof. Dr. P.H.M. Ruys, edited by R. van den Brink and R.P. Gilles, Tilburg University Press, ISBN 90-9016923-7
2003 Subrata Ghatak, Introduction to Development Economics, 4th edition, Routledge
2003 Hong Li, 'Dynamics of Income Distribution across Chinese Provinces During 1978-1998', Journal of Chinese Economics and Business Studies, Volume 1, Issue 2, pages 145-57
2003 José R. Sánchez-Fung, 'Non-Linear Modeling Of Daily Exchange Rate Returns, Volatility, And 'News' In A Small Developing Economy', Applied Economics Letters, Volume 10, Issue 4, pages 247-250
2003 Subrata Ghatak and Paul Levine, 'Migration and Capital Accumulation in Labour Surplus Economies', European Research Studies Journal, Volume 6, Issue 3-4, pages 221-236
2003 Subrata Ghatak, Alan Mulhern, and Chris Stewart, 'Determinants of Intended Expansion of Polish SMEs', Journal of Policy Modelling, Volume 25, Issue 3, pages 287-296
2002 Paul Auerbach and Michael Haupert, 'Problems in Analyzing Inflation During the Civil War', Essays in Economic and Business History, Volume 20, pages 57-70, ISBN: 0896-226x
2002 Vince Daly and Jalal Siddiki, 'An Empirical Growth Model for India: 1954-1994', European Research Studies, Volume 4, Issue 3-4, pages 141-153, ISSN: 1108-2976
2002 Jalal Siddiki, 'Unofficial Exchange Rates in Bangladesh: A Cointegration Analysis', Contemporary Economic Policy, Volume 2, Issue 3, pages 288-300
2002 Jalal Siddiki, 'Trade and Financial Liberalisation and Endogenous Growth in Bangladesh', The International Economic Journal, Volume 16, Issue 3, pages 23-37
2001 Subrata Ghatak and Vince Daly, 'East-West European Migration: Questions & Some Answers', edited by S. Ghatak and A. Showstack-SassoonMigration and Mobility, pages 30-48, Palgrave. ISBN 0-333-92036-8
2001 Alan Mulhern, 'Venezuelan Manufacturing, SME Decline and Failed Transition', Small-Scale Enterprises in Developing and Transitional Economies, edited by H. Katrak and R. Strange, Palgrave
2001 Subrata Ghatak and Jim Seale Jr., 'Supply Response and Risk in Chinese Agriculture', Journal of Development Studies, Volume 37, Issue 5, pages 141-50
2001 Subrata Ghatak and Jim Seale Jr., 'Rice, Risk and Rationality: Supply Response in West Bengal Agriculture', European Research Studies Journal, Volume 4, Issue 3-4, pages 155-169
2001 S. Ghatak, G. Manolas, C.Rondos and I. Vavouras, 'Successful Polish Enterprises in the European Context: A logit Analysis', Statistics in Transition, Volume 5, pages 125-150
Photograph of a modern city centre building