School of Business and Economics

Discipline groups

Dr Simeon Coleman

Dr Simeon Coleman

Dr Coleman's research is on development macroeconomics, international macroeconomics and time series econometrics

Economics Discipline Group

Applied Econometrics Research Theme

As one would expect our theme is techniques driven. The econometrics toolkit we use is varied, from standard data and regression analysis to specialized time series, discrete/limited dependent variable, panel and productivity/efficiency analysis. The areas of applications span many exciting areas of economics from international economics, macroeconomics, microeconomics, financial economics to the application of econometric techniques to areas such as sports economics.

The members within the theme have been extremely successful promoting our work through top level publications and international conference presentations as well as generating work with many colleagues outside and inside the school.

Members working within the Applied Econometrics theme and their research

Dr Simeon Coleman

T: +44 (0)1509 228850
E: S.Coleman@lboro.ac.uk

Development macroeconomics; international macroeconomics; time series econometrics

I currently have publications in Applied Economics, Technological Forecasting and Change, Soft Computing, World Development, Economics Letters, Journal of Policy Modeling and Journal of Macroeconomics. Recent conference participation include the Centre for the Study of African Economies (CSAE) Annual conference in Oxford (UK) and the Canadian Economic Association Annual (CEA) conference (Canada) where I usually present my on-going research. Together with two fellow researchers in South Africa and Ghana, I was co-investigator in a 6-month International Growth Centre funded research project titled A Regional Analysis of Inflation Dynamics in Ghana: Persistence, Causes and Policy Implications (see http://www.theigc.org/project/regional-analysis-of-inflation-dynamics-in-ghana-persistence-causes-and-policy-implications/). I am currently an associate editor for two journals - Economic Issues and African Review of Economics and Finance (AREF); both journals are fairly active in publishing applied and policy-driven work. 

Selected publications
  • Coleman, S, Ackrill, R, Dobson, C, Igudia, E (2016) Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes approach, Int. J. Entrepreneurship and Small Business, 28(2/3), pp.154-177.
  • Igudia, E, Ackrill, R, Coleman, S, Dobson, C (2016) Determinants of the informal economy of an emerging economy: A multiple indicator, multiple causes approach, International Journal of Entrepreneurship and Small Business, 28(2-3), pp.154-177, ISSN: 1476-1297. DOI: 10.1504/IJESB.2016.076643.
  • Coleman, S, Mourelle, E, Cuestas, J-C (Accepted for publication) Investigating the oil price-exchange rate nexus: evidence from Africa 1970-2004, Economic Issues, ISSN: 1363-7029. Full text: http://www.economicissues.org.uk/ .
  • Coleman, S and Leone, V (2015) An investigation of regime shifts in UK commercial property returns: a time series analysis, Applied Economics, Full text: http://www.tandfonline.com/doi/abs/10.1080/00036846.2015.1080805?journalCode=raec20. DOI: 10.1080/00036846.2015.1080805.
  • Coleman, S and Sirichand, K (2015) International yield curve comovements: impact of the recent financial crisis, Applied Economics, 47(43), pp.4561-4573, ISSN: 1466-4283. Full text: http://www.tandfonline.com/doi/full/10.1080/00036846.2015.1031875#abstract. DOI: 10.1080/00036846.2015.1031875.
  • Coleman, S and Sirichand, K (2015) Investigating Multiple Changes in Persistence in International Yields, Economic Issues, 20(1), pp.65-90.

See Dr Coleman's staff profile page >

Professor Monica Giulietti

T: +44 (0)1509 223131
E: M.Giulietti@lboro.ac.uk

The economic analysis of energy consumption and energy markets; competition and regulation issues in energy markets; energy storage technologies; consumers’ adoption of energy efficient technologies

Selected publications
  • Giulietti, M., Iregui, A. M. and J. Otero (2015), ‘A pair-wise analysis of the law of one price: evidence from the crude oil market’, Economics Letters, Vol.129,  April, pp.39-41.
  • Giulietti M, Waterson, M. and M. Wildenbeest (2014), ‘Estimation of search friction in the UK electricity market’, Journal of Industrial Economics, Vol. 62, No.4, December, 555-590.
  • Giulietti M, Grossi, L. and Waterson, M. (2012), ‘A Rough evaluation of the cost of gas storage’, Energy Journal, 33, 4, 119-42.
  • Wlazlowski, S., Binner J., Giulietti M. and C. Milas (2012), ‘Measurement error in the Price Transmission Analysis’ Journal of Business and Economic Statistic, 30, 2, pp. 165-172.
  • Giulietti, M., Otero J. and M. Waterson (2010), ‘Supply competition and price behaviour in the UK electricity supply industry’, Oxford Economic Papers, 62, July, 478-503.
  • Giulietti M., Waddams Price C. and M. Waterson (2005), ‘Consumer Choice and Competition Policy: a study of the UK Energy Markets’, Economic Journal, N.115, October, 949-968.

See Professor Guiletti's profile page >

Dr Anthony Glass

T: +44 (0)1509 222704
E: A.J.Glass@lboro.ac.uk

Transport economics; environmental economics; energy economics

Selected publications
  • Glass, AJ, Adetutu, M, Weyman-Jones, T (Accepted for publication) Decomposing energy demand across BRIIC countries, Energy Economics, ISSN: 1873-6181.
  • Glass, AJ, Kenjegalieva, K, Sickles, R (2015) Returns to scale and curvature in the presence of spillovers: Evidence from European countries, Oxford Economic Papers, 68(1), pp.40-63, DOI: 10.1093/oep/gpv052.
  • Glass, AJ, Adetutu, M, Weyman-Jones, T (Accepted for publication) Economy-wide Estimates of Rebound Effects: Evidence from Panel Data, The Energy Journal.
  • Glass, AJ, Kenjegalieva, K, Sickles, R (2015) A Spatial Autoregressive Stochastic Frontier Model for Panel Data with Asymmetric Efficiency Spillovers, Journal of Econometrics, ISSN: 1872-6895. DOI: 10.1016/j.jeconom.2015.06.011.
  • Adetutu, M, Glass, AJ, Kenjegalieva, K, Sickles, RC (2014) The effects of efficiency and TFP growth on pollution in Europe: a multistage spatial analysis, Journal of Productivity Analysis, ISSN: 0895-562X. DOI: 10.1007/s11123-014-0426-7.
  • Glass, AJ, Kenjegalieva, K, Taylor, J (2014) Game, Set and Match: Evaluating the Efficiency of Male Professional Tennis Players, Journal of Productivity Analysis, forthcoming, p.0, DOI: 10.1007/s11123-014-0401-3.
  • Glass, K, Glass, AJ, Sickles, R (2014) Estimating Efficiency Spillovers with State Level Evidence for Manufacturing in the U.S., Economics Letters, 123, pp.154-159, DOI: 10.1016/j.econlet.2014.01.037.

See Dr Glass' profile page >

Dr Karligash (Kenjegalieva) Glass

T: +44 (0)1509 222708
E: K.A.Kenjegalieva@lboro.ac.uk

Efficiency and productivity analysis; semi-parametric and non-parametric econometrics; transition and developing banking/economies

Selected publications
  • Glass, AJ, Kenjegalieva, K, Sickles, R (2015) Returns to scale and curvature in the presence of spillovers: Evidence from European countries, Oxford Economic Papers, 68(1), pp.40-63, DOI: 10.1093/oep/gpv052.
  • Glass, AJ, Kenjegalieva, K, Sickles, R (2015) A Spatial Autoregressive Stochastic Frontier Model for Panel Data with Asymmetric Efficiency Spillovers, Journal of Econometrics, ISSN: 1872-6895. DOI: 10.1016/j.jeconom.2015.06.011.
  • Adetutu, M, Glass, AJ, Kenjegalieva, K, Sickles, RC (2014) The effects of efficiency and TFP growth on pollution in Europe: a multistage spatial analysis, Journal of Productivity Analysis, ISSN: 0895-562X. DOI: 10.1007/s11123-014-0426-7.
  • Glass, AJ, Kenjegalieva, K, Taylor, J (2014) Game, Set and Match: Evaluating the Efficiency of Male Professional Tennis Players, Journal of Productivity Analysis, forthcoming, p.0, DOI: 10.1007/s11123-014-0401-3.
  • Glass, K, Glass, AJ, Sickles, R (2014) Estimating Efficiency Spillovers with State Level Evidence for Manufacturing in the U.S., Economics Letters, 123, pp.154-159, DOI: 10.1016/j.econlet.2014.01.037.
  • Glass, AJ, Kenjegalieva, K, Sickles, RC (2013) How efficiently do U.S. cities manage roadway congestion?, Journal of Productivity Analysis, 40(3), pp.407-428, ISSN: 0895-562X. DOI: 10.1007/s11123-012-0288-9.

See Dr Glass' profile page >

Professor Terence Mills

T: +44 (0)1509 222703
E: T.C.Mills@lboro.ac.uk

Time series analysis; statistical techniques; econometric modelling

Terence Mills, Emeritus Professor of Applied Statistics and Econometrics, has published in many of the leading economics, economic history and econometrics journals over a 40 year publishing career.  These include the American Economic ReviewEconomic JournalJournal of Money Credit and BankingJournal of EconometricsJournal of Applied EconometricsJournal of Economic History and Economic History Review.  He has also published in international statistical journals such as Journal of the Royal Statistical Society, Journal of Forecasting and International Journal of Forecasting, as well as in the areas of finance, climatology, meteorology and public health.  He is an editor of the Journal of Forecasting.

Selected publications
  • Mills, TC and Patterson, K (2015) CARMICHAEL'S ARCTAN TREND: PRECURSOR of SMOOTH TRANSITION FUNCTIONS, Journal of the History of Economic Thought, 37(4), pp.537-557, ISSN: 1042-7716. DOI: 10.1017/S1053837215000462.
  • Downward, PM, Dawson, P, Mills, TC (Accepted for publication) Sports Participation as an Investment in (Subjective) Health: A Time Series Analysis of the Life Course, Journal of Public Health, ISSN: 1741-3850. DOI: 10.1093/pubmed/fdv164.
  • Crafts, N and Mills, TC (2015) Self-defeating austerity? Evidence from 1930s' Britain, European Review of Economic History, 19(2), pp.109-127, ISSN: 1361-4916. DOI: 10.1093/ereh/heu024.
  • Iddon, CR, Mills, TC, Giridharan, R, Lomas, KJ (2015) The influence of hospital ward design on resilience to heat waves: An exploration using distributed lag models, Energy and Buildings, 86, pp.573-588, ISSN: 0378-7788. DOI: 10.1016/j.enbuild.2014.09.053.
  • Mills, TC and Patterson, KD (2015) Modelling the trend: The historical origins of some modern methods and ideas, Journal of Economic Surveys, 29(3), pp.527-548, ISSN: 0950-0804. DOI: 10.1111/joes.12073.
  • Mills, TC (2014) Time series modelling of temperatures: An example from Kefalonia, Meteorological Applications, 21(3), pp.578-584, ISSN: 1350-4827. DOI: 10.1002/met.1379.

Dr Simona Rasciute

T: +44 (0)1509 223620
E: S.Rasciute@lboro.ac.uk

Foreign direct investment; discrete choice methodology

Selected publications
  • Rasciute, S, Puckett, S, Pentecost, EJ (2015) The allocation Of OECD direct investment between CEECs: A discrete choice approach, Bulletin of Economic Research, 67, pp.S26-S39, ISSN: 0307-3378. DOI: 10.1111/boer.12032.
  • Downward, PM, Rasciute, S, Greene, W (Accepted for publication) Do relational goods raise well-being?: An econometric analysis, Eastern Economic Journal, 000(000), pp.000-000, ISSN: 1939-4632. DOI: 10.1057/eej.2015.46.
  • Downward, PM and Rasciute, S (Accepted for publication) Assessing the impact of the National Cycle Network and physical activity lifestyle on cycling behaviour in England, Transportation Research Part A: Policy and Practice, ISSN: 0965-8564.
  • Downward, P and Rasciute, S (2014) Exploring the covariates of sports participation for health: An Analysis of Males and Females in England, Journal of Sports Sciences, 000, pp.000-000, DOI: 10.1080/02640414.2014.924056.
  • Downward, P and Rasciute, S (2014) Exploring the covariates of sports participation for health: An Analysis of Males and Females in England, Journal of Sports Sciences, 000, pp.000-000, DOI: 10.1080/02640414.2014.924056.
  • Rasciute, S, Pentecost, E, Ferrett, B (2014) Firm heterogeneity in modelling foreign direct investment location decisions, Applied Economics, 46(12), pp.1350-1360, ISSN: 0003-6846. DOI: 10.1080/00036846.2013.872760.
  • Downward, P, Lera-López, F, Rasciute, S (2014) The correlates of sports participation in Europe, European journal of sport science, 14(6), pp.592-602, DOI: 10.1080/17461391.2014.880191.
  • Downward, PM, Lera-Lopez, F, Rasciute, S (2014) The correlates of sports participation in Europe, European Journal of Sport Science, Forthcoming, pp.000-000.

See Dr Rasciute's profile page >

Professor David Saal (Head of Discipline)

T: +44 (0)1509 227123
E: D.S.Saal@lboro.ac.uk

Microeconomics; profit, productivity and price performance

Dr David Saal is a Professor of Microeconomics, Head of the Economics discipline group and Co-Director of the newly established Centre for Productivity and Performance at Loughborough University. He is also a Research Professor at the German Institute for Economic Research (DIW Berlin).

Selected publications
  • Price-cap regulation in the English and Welsh water industry: a proposal for measuring productivity performance Maziotis, A., Saal, D., Thanassoulis, E. & Molinos-Senante, M. 31 May 2016 In : Utilities Policy. In press
  • Profit, productivity and price performance changes in the water and sewerage industry: an empirical application for England and Wales Maziotis, A., Saal, D. S., Thanassoulis, E. & Molinos-Senante, M. Apr 2015 In : Clean Technologies and Environmental Policy. 17, 4, p. 1005-1018 14 p
  • Spillovers from FDI and local networks: the importance of transactional linkages and vertical keiretsu in Japan Kimino, S., Driffield, N. & Saal, D. 2014 In : Multinational Business Review. 22, 2, p. 176-193 18 p

See Professor Saal's profile page >

Professor Robin Sickles

  • Associate Editor: Journal of Econometrics, 2000-
  • Associate Editor: Empirical Economics, 2000-
Selected publications
  • “Bootstrapping Unit Root Tests with Covariates,” with Y. Chang and W. Song, forthcoming, Econometric Reviews, 2016.  
  • Festschrift in Honor of Peter Schmidt: Econometric Methods and Applications. RC Sickles and WC Horrace (eds.) Springer Science & Business Media, New York, NY, 2014.
  • Introduction to the Special Issue of Econometric Reviews in Honor of Peter Schmidt, with Esfandiar Maasoumi (eds.), Taylor & Francis, forthcoming, 2016.
  • Special Issue of Econometric Reviews in Honor of Peter Schmidt, with Esfandiar Maasoumi (eds.), Taylor & Francis, forthcoming, 2016
  • “Semiparametric Estimations under Shape Constraints,” with Ximing Wu, Rice University, 2016.
  • “Bayesian Treatments to Panel Data Models with an Application to Models of Productivity,” with Junrong Liu and E. G. Tsionas, Rice University, mimeo, 2016.
  • “Panel Data Models with Multiple Jump Discontinuities in the Parameters" with O. Bada, J. Gualtieri, A. Kneip, Rice University, mimeo, 2016.
  • “The Volcano Distribution with an Application to Stock Market Returns,” with Michael Naaman, Rice  University, 2016.
  • “Bayesian Treatment to Panel Data Models with Time-varying Heterogeneity,” 19th International Panel Data Conference, Cass Business School, City University London, July 3-6, 2013.
  • “A Panel Data Analysis of World Productivity Growth: Heterogeneity, Parameter drift, and Jump Discontinuities,” Workshop on Productivity Analysis, University of Miami, Coral Gables, Florida, October 25, 2013. 
  • “Panel Data Models: Slope Heterogeneities, Regime changes, and Multiple Jump Discontinuities in the Parameters,” Keynote Address, 15th International Symposium on Econometrics, Operations Research and Statistics, Süleyman Demirel University, Department of Econometrics, Isparta, Turkey, May 22-25, 2014.
  • “Algorithmic Trading, Market Timing, and Market Efficiency,” 6th IFABS Conference on Alternative Futures for Global Banking: Competition, Regulation and Reform, Lisbon, June 18-20, 2014.
  • “Algorithmic Trading, Market Timing, and Market Efficiency,” Keynote address for the 3rd International Workshop 'Measuring Banking Performance,' Loughborough University School of Business and Economics, June 26, 2014.
  • “Semiparametric Estimations under Shape Constraints,” International Association of Applied Econometrics (IAAE) 2015 Annual Conference, Thessaloniki, Greece, June 25-28, 2015.
  • “Treatments for Heterogeneity in Regression Parameters and in Unobservables,” International Economic Policy Seminar, ETH Zurich/KOF Swiss Economic Institute and the University of Zurich, March 3, 2016.
  • Bayesian Treatments to Panel Data Models with Time Varying Heterogeneity,” NY Camp Econometrics XI, The 1000 Islands Harbor Hotel, Clayton, NY, April 8-10, 2016.

See Professor Sickles' profile page >

Dr Christopher Spencer

T: +44 (0)1509 222706
E: C.G.Spencer@lboro.ac.uk

Role of committees in setting monetary policy; EMU and EU enlargement; applied economics and macroeconomics

Selected publications
  • Spencer, CG and Temple, P (Accepted for publication) Standards, Learning and Growth in Britain, 1901‐2009, Economic History Review: a journal of economic and social history, 69(2), pp.627-652, ISSN: 1468-0289. DOI: 10.1111/ehr.12129
  • Spencer, CG, Asako, K, Liu, Z (2015) Objectives and Makings of Monetary Policy in Japan, Economic Review, 66(2), pp.97-114
  • Spencer, CG (2014) Monetary policy committees and Degrootian consensus, Economics Bulletin, 34(2), pp.1291-1302, Full text: http://www.accessecon.com/Pubs/EB/2014/Volume34/EB-14-V34-I2-P120.pdf 
  • Brooks, R, Harris, MN, Spencer, C (2012) Inflated ordered outcomes, ECONOMICS LETTERS, 117(3), pp.683-686, ISSN: 0165-1765. DOI: 10.1016/j.econlet.2012.08.020

See Professor Spencer's profile page >

Professor Paul Turner

T: +44 (0)1509 222722
E: P.M.Turner@lboro.ac.uk

Macroeconomics; monetary economics; applied econometrics

Selected publications
  • Turner, PM and Wood, JA (Accepted for publication) Non-Linear Exchange Rate Pass Through in Industrial Economies, Applied Economics, DOI: 10.1080/00036846.2016.1197374
  • Turner, P and Wood, JA (2014) Teaching the multiplier: The value of a quantitative approach, International Review of Economics Education, 16(PB), pp.147-155, ISSN: 1477-3880. DOI: 10.1016/j.iree.2014.03.001
  • Hall, MJB, Yan, M, Turner, P (2014) Estimating Liquidity Risk Using the Exposure-based Cash-Flow-at-Risk Approach: An Application to the UK Banking Sector, International Journal of Finance and Economics, forthcoming, DOI: 10.1002/ijfe.1495
  • Turner, P and Wood, JA (2014) Teaching the multiplier: The value of a quantitative approach, International Review of Economics Education, ISSN: 1477-3880. DOI: 10.1016/j.iree.2014.03.001
  • Turner, P (2013) Does the monetary policy committee still care about inflation? Some evidence from a small macroeconomic model, Applied Economics, 45(19), pp.2745-2750, ISSN: 0003-6846. DOI: 10.1080/00036846.2011.629985
  • Forest, JJ and Turner, P (2013) Alternative estimators of cointegrating parameters in models with nonstationary data: An application to US export demand, Applied Economics, 45(5), pp.629-636, ISSN: 0003-6846. DOI: 10.1080/00036846.2011.608647.

See Professor Turner's profile page >

Emeritus Professor Tom Weyman-Jones

T: +44 (0)1509 222710
E: T.G.Weyman-jones@lboro.ac.uk

Efficiency and productivity analysis; economic regulation; energy economics

Selected publications
  • Duygun, Meryem, Mohamed Shaban, and Thomas Weyman-Jones. "Measuring competition using the Boone relative profit difference indicator." Economics Letters 132 (2015): 117-120. http://dx.doi.org/10.1016/j.econlet.2015.04.022
  • Adetutu, Morakinyo O., Anthony J. Glass, and Thomas G. Weyman-Jones, "Decomposing energy demand across BRIIC countries." Energy Economics 54 (2016) 396–404, http://dx.doi.org/10.1016/j.eneco.2016.01.001
  • Adetutu, Morakinyo O., Anthony J. Glass, and Thomas G. Weyman-Jones, Economy-wide Estimates of Rebound Effects: Evidence from Panel Data, The Energy Journal, Vol. 37, No. 3. 2016, http://dx.doi.org/10.5547/01956574.37.3
 Other
  • Associate Editor of the Journal of Productivity Analysis
  • External links include Academic Technical Adviser to National Grid UK
  • Recent conference presentations include Energy Economics Iberian Conference, Lisbon February 2016

See Professor Weyman-Jones' profile page >