Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
Macro/International Seminar - Miguel Leon-Ledesma (Kent)
Title: (Endogenous) Growth Slowdowns
Abstract: We present a model where temporary shocks can lead to permanent changes in the rate of growth of total factor productivity (TFP). The model features matching between basic research and development within an expanding variety semi-endogenous growth model. Search externalities generate vicious and virtuous research cycles. The model has a unique equilibrium path but multiple balanced growth paths (BGPs). After a long-lived or deep financial shock, the economy can transit between these BGPs, generating “super-hysteresis” in TFP. We analyze the model in the context of the Japanese growth slowdown and show that it can explain almost all of the TFP growth decline after the financial crisis in the early 1990s. Demographic shocks combined with a long-lasting financial crisis proved to be the “wretched coincidence” that led to the growth slowdown.