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Copy of Research

Our objective is to engage in innovative research that extends the frontiers of the discipline, contributing to a deeper understanding of how modern economies function, and how they can adapt to future challenges. Our research spans almost all the major sub-fields of economics.

As a Department, we are consistently ranked in the top 30 in the world, and in the top 10 in Europe, for the quality of our research output. For example, we are ranked 20th in the world and 5th in Europe in the most recent Tilburg University ranking of Economics departments, and we are currently 25th in the world, and 6th in Europe, in the most recent QS University Rankings.

In the most recent Research Excellence Framework (REF 2014) to evaluate the research output of UK Universities, Warwick was ranked 4th in the UK, behind only the LSE, UCL and Oxford, on a measure that takes into account both the proportion of faculty submitted and the quality of outputs submitted. In our submission, 45% of our research was rated as 'world -leading' (4*) and a further 51% rated as 'internationally excellent' (3*).

Research in the Department is based in a number of Research Groups, each of which has its own seminar or workshop series. The interests of individual researchers often overlap the Groups; the purpose of the Groups is to allow Department members with similar interests to meet regularly and to support each other's research.

CAGE

Established in 2010 and funded by the ESRC, CAGE conducts policy-driven economics research informed by culture, history and behaviour. We analyse historical and contemporary data to draw out lessons for modern policy.

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CRETA

CRETA coordinates collaborative research in economic theory, its applications and in multi-disciplinary projects with related disciplines such as applied mathematics, biology, philosophy and political science.

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QAPEC

QAPEC provides a framework to coordinate collaborative research in quantitative and analytical political economy within the University of Warwick as well as with the Centre’s UK and international networks and partners.

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Development and History

Members of the Development and Economic History Research Group combine archival data, lab-in-the-field experiments, randomised controlled trials, text analysis, survey and secondary data along with theoretical tools to study issues in development and economic history.

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Econometrics and Labour

The Econometrics and Labour Research Group covers a wide number of topics within the areas of modern econometric theory and applications, e.g. the econometrics of networks, as well as labour economics, e.g. the economics of education, gender economics, technology and innovation.

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Experimental and Behavioural Economics

The Experimental and Behavioural Economics Research Group draws its membership from economists based at the Warwick Department of Economics who work in the fields of experimental economics, behavioural economics and/or subjective wellbeing (“Happiness Economics”).

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Macroeconomics and International Economics

The Macroeconomics and International Economics Research Group consists of faculty and PhD students and its research work centres around macroeconomics, international finance and international trade.

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Microeconomic Theory

The Microeconomic Theory Research Group works closely with the Centre for Research in Economic Theory and Its Applications (CRETA). Members of the Group work in economic theory, in its applications, and in multidisciplinary projects with areas such as applied mathematics, biology, philosophy and political science.

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Political Economy and Public Economics

The Political Economy and Public Economics Research Group investigates topics from two disciplines which have natural complementarities. Political economy focuses more on the political feasibility of certain policies whereas public economics tries to determine which policies are optimal in every environment.

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DR@W

An interdisciplinary initiative for researchers at the University interested in experimental and behavioural science with important implications for economics, psychology, management, marketing and statistics.

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EPEC

The European Political Economy Consortium fosters high-quality research in political economy by facilitating exchange among the leading European centres in political economy. It consists of five founding institutions, including Warwick.

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Tue 7 May, '24
-
MIEW (Macroeconomics/International Economics Workshop) - Alperen Tosun
S2.79

Title: Optimally informative monetary policy

Tue 7 May, '24
-
CWIP (CAGE Work in Progress) Workshop - Subhasish Dey (Warwick)
S2.79

Title: BETWEEN TWO WORLDS: EDUCATION-OCCUPATION MISMATCH FOR SECOND-GENERATION IMMIGRANTS IN THE UK

Authors

Subhasish Dey, University of Warwick

Mahima Kapoor, University of Warwick

Anirban Mukherjee, University of Calcutta

 

Abstract:

This study assesses the quality of occupations that second-generation immigrants are employed in relative to natives in the UK. Based on the concept of education-occupation mismatch, we investigate whether the utilization of workers’ skills is commensurate with those required under the job. Using the multinomial logistic regression model to fit data from the Understanding Society: UK Household Longitudinal Study, we show that second-generation immigrants have a higher probability of being over-educated than natives and evaluate the mechanisms driving the results. We further explore the presence of double penalty along the overlap of legal and social identities. The findings direct attention towards the unique context of second-generation immigrants and inform policy efforts.

Tue 7 May, '24
-
Applied Economics/ Econometrics & Public Policy (CAGE) Seminar - Heather Sarsons (UBC)
S2.79

Title to be advised.

Tue 7 May, '24
-
Econometrics Seminar - Yuya Sasaki (Vanderbilt)
S2.79

Title: On the Inconsistency of Cluster-Robust Inference and How Subsampling Can Fix It

Abstract: Conventional methods of cluster-robust inference are inconsistent in the presence of unignorably large clusters. We formalize this claim by establishing a necessary and sufficient condition for the consistency of the conventional methods. We find that this condition for the consistency is rejected for a majority of empirical research papers. In this light, we propose a novel score subsampling method that achieves uniform size control over a broad class of data generating processes, covering that fails the conventional method. Simulation studies support these claims. With real data used by an empirical paper, we showcase that the conventional methods conclude significance while our proposed method concludes insignificance.

Wed 8 May, '24
-
CAGE-AMES Workshop - Adam Di Lizia (PGR)
S2.79

Title: Social Influence in Online Reviews: Evidence from the Steam Store

Abstract: How good are reviews as signals of product quality for consumers? Using a data-set derived from the popular Steam gaming platform I investigate the ‘priming’ of quality judgements as based on pre-existing consumer assessments. A policy reform on Steam in 2019 changed the average level of exposure to previous consumer quality ratings, with this randomly occurring within a game and reviewer’s life cycle. I find that removing the exposure of a reviewer to a product’s average rating leads to a 35% drop in the dependency of their review on such a rating. This is not driven by selection effects, and is robust to a wide range of alternate specifications and measures. The effect is heavily asymmetric: negativity compounds to inflate the gap between poorly-rated and well rated games. This is driven by users who are less experienced both within and across games. Finally, using estimates of owner data, I run a simple structural model of game choice based on rating. A 1% increase to product rating is equivalent to a 2.5 dollar sale price reduction, suggesting this effect has large implications for buyers and sellers.

 

Wed 8 May, '24
-
CRETA Seminar - Rahul Deb (Toronto)
S2.79
Thu 9 May, '24
-
Macro/International Seminar - Yue Yu (Toronto)
S2.79

Title: National Road Upgrading and Structural Transformation: Evidence from Ugandan Households (with Ian Herzog and Siyuan Liu)
Abstract: Structural transformation, typically characterized by labor transitioning from agriculture to a diverse industrial economy, has been slow in Sub-Saharan Africa. Even though the region is urbanizing, a significant portion of the urban population continues to depend on agriculture. We argue that this is because smaller cities are isolated from national markets and trade. We test this claim using granular individual panel data and Uganda's doubling of paved roads, which improved remote areas' market access. We find that market access causes workers to quit family farms and take specialized paid work. Effects concentrate in peripheral areas, households with a comparative advantage in off-farm work and reflect off-farm opportunities rather than reduced demand for farm output. In addition, market access causes remote households to simplify farming techniques and scale back farming. Findings are consistent with reliable transport allowing trade with urban areas, creating opportunities to specialize according to individual comparative advantage.

Mon 13 May, '24
-
Econometrics Seminar - to be advised
S2.79

Title to be advised.

Tue 14 May, '24
-
MIEW (Macro/International Economics Workshop) - to be advised
S2.79

Title to be advised.

Tue 14 May, '24
-
CWIP (CAGE Work in Progress) Workshop - Matthew
S2.79

Title to be advised.

Tue 14 May, '24
-
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Seth Zimmerman (Yale)
S2.79

Title : Parents’ Earnings and the Returns to Universal Pre-Kindergarten.

Wed 15 May, '24
-
Teaching & Learning Seminar - William Taylor (Lancaster)
A0.23

Title to be advised.

Wed 15 May, '24
-
CRETA Seminar - Miaomiao Dong (Penn State)
S0.08

Title to be advised.

Thu 16 May, '24
-
Macro/International Seminar - Nitya Pandalai-Nayar (UT Austin)
S2.79

Title to be advised.

Mon 20 May, '24
-
Economic History Seminar - Eric Hilt (Wellesley College)
S2.79

Title: The Value of Ratings: Evidence from their Introduction in Securities Markets.

Mon 20 May, '24
-
Econometrics Seminar - Karim Chalak (Manchester)
S2.79

Title to be advised.

Tue 21 May, '24
-
CWIP (CAGE Work in Progress) Workshop - Farzad Javidanrad (Warwick)
S2.79

Title to be advised.

Tue 21 May, '24
-
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Nico Voigtlaender (UCLA)
S2.79

Title: Regulartion by Reputatin? Intermediaries, Labor Abuses, and International Migration

Wed 22 May, '24
-
CRETA Seminar - Ravi Jagadeesan (Stanford)
S2.79

Title to be advised.

Thu 23 May, '24
-
Macro/International Seminar - Lidia Smitova (Oxford)
S2.79

Title to be advised.

Tue 28 May, '24
-
MIEW (Macro/International Economics Workshop) - to be advised
S0.09

Title to be advised.

Tue 28 May, '24
-
CWIP (CAGE Work in Progress) Workship - Devesh Rustagi (Warwick)
S0.09

Title to be advised.

Tue 28 May, '24
-
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Lena Hensvik (Uppsala Universitet)
S0.20

Title to be advised.

Tue 28 May, '24
-
CRETA Seminar - Leeat Yariv (Princeton)
S0.20

Title to be advised.

Wed 29 May, '24
-
Teaching & Learning Seminar - Nahid Farnaz (York)
S0.18

Title: On Group Work

Thu 30 May, '24
-
Macro/International Seminar - Thierry Mayer (Sciences PO)
S0.09

Title to be advised.

Mon 3 Jun, '24
-
Economic History Seminar - Mara Squicciarini (Bocconi)
S2.77 Cowling Room

Title to be advised.

Mon 3 Jun, '24
-
Econometrics Seminar - Xiaoxia Shi (Wisconsin)
S0.10

Title to be advised.

Tue 4 Jun, '24
-
MIEW (Macro/International Economics Workshop) - to be advised
S0.09

Title to be advised.

Tue 4 Jun, '24
-
CWIP (CAGE Work in Progress) Workshop - to be advised
S0.09

Title to be advised.

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Research Impact

Our research seeks to generate knowledge that can be used to strengthen economies and benefit societies around the world. From migration and trade to international development and preventing financial crises, we address some of the most pressing issues of our time and provide recommendations to policymakers and other stakeholders.

Our academics collaborate with organisations including the Bank of England, international and local governments, think tanks and NGOs. They are sought-after in public service roles, regularly providing advice to parliamentary committees and serving on government advisory boards.

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Working Papers

Our Working Papers series feature new ideas and research from academics within the Department of Economics.

The vast majority of papers are available online, the earliest of which is from 1975. If a paper is unavailable online, hard copies can be requested free of charge.