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Faculty of Economics

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Dr Toke Aidt
University Reader
Director of the Keynes Fund

Research Interests
Political Economics

Dr Noriko Amano Patino
University Lecturer

Research Interests
Labor Economics, Econometrics

Dr Yujiang River Chen
College Lecturer (St Catharine's College)

Research Interests
Labour Economics, Urban Economics and Micro-Econometrics

Dr Meredith Crowley
University Reader

Research Interests
International trade and trade policy

Dr Pauline Goyal-Rutsaert
College Teaching Officer (Homerton College)

Research Interests
Industrial, Competition, and Regulatory Policy; Research and Innovation Policy; Communications Sector; Better Policymaking; Strategic Trade Policy

Felix Grey
Director of Studies and William Cook Fellow in Economics (Corpus Christi College)

Research Interests
Environmental Economics, Political Economics

Dr Juliana Guimaraes Cavalcanti
College Lecturer in Economics (Homerton College)

Research Interests
Income Inequality, Gender Wage Discrimination,Students Performance, Quantile Regression

Lu Han
Research Associate

Research Interests
Exchange Rate Pass Through, International Economics, Applied Econometrics and Machine Learning

Dr Sriya Iyer
University Reader

Research Interests
Development Economics, Religion, Demography, Education

Dr Kai Liu
University Lecturer

Research Interests
Labor Economics, Public Economics, Applied Microeconometrics, Economics of China

Professor David Newbery
Emeritus Professor and
Director of The Energy Policy Research Group (EPRG)

Research Interests
Electricity policy research, specifically market design and behaviour, transmission access pricing, renewables support mechanisms and climate change policy

Renata Rabovic
Research Associate

Research Interests
Applied Microeconomics, Economics of Education, Labor Economics

Dr Christopher Rauh
University Lecturer

Research Interests
Macroeconomics, Political Economy, Labour Economics

Dr Gabriella Santangelo
University Lecturer

Research Interests
Development Economics

Dr Julia Shvets
Senior College Lecturer (Christ's College)

Research Interests
Empirical micro, organizations, incentives, political economy.

Dr Weilong Zhang
University Lecturer

Research Interests
Labor Economics, Education Economics, Family Economics, Psychology Economics

Oliver Exton

Title: Firms and Workers in International Trade

Research Interests
International trade, International economics, Trade policy, Labour economics

Shengjuan He

Title: Flexible working, commuting cost and female labour market outcomes

Jörg Kalbfuss

Title: Socio-Economic Stratification & Conflict

Salvatore Lattanzio

Title: Firms, Labour Cost Adjustment and the Gender Wage Gap: The Role of Workplace Heterogeneity in the Labour Market

Research Interests
Labour economics, Inequality, Gender wage gap

Su-Min Lee

Title: Individual and Party Electoral Incentives in Distributive Politics

Taehee Oh

Title: The Effects of Social Labour Policies and Changes in Circumstances on the Labour Supply

Thomas Prayer

Title: Firm-Level Impacts of Mutual Recognition Agreements

Benjapon Prommawin

Title: An Essay on International Reserves Adequacy for Emerging Asian Countries

Alexandru Savu

Title: Political causes of reform ineffectiveness in non-advanced economies

Research Interests
Empirical Political and Development Economics

Minkyu Son

Title: On the Interaction between Credit Constraint and Export

John Spray

Title: Export Transitions and the Supply Chain: Evidence from Uganda

Research Interests
International Trade & Development, Production Networks


Research Grants

  • Economic Policy and Political Myopia (ESRC) - Aidt, T
  • Voting Rights And Public Policy (ESRC) - Aidt, T. S.
  • International dimension of political regime dynamics (ESRC) - Aidt, T. S.
  • Riots And The Great Reform Act Of 1832 (BRITISH ACADEMY) - Aidt, T
  • Democratic purges in post-World War II France: Was it all about separating the wheat from the chaff? (BRITISH ACADEMY) - Aidt, T
  • Data Impact Fellow (JISC) (Joint Information Systems Committee (JISC)) - Crowley, M.
  • The impact of trade policy and exchange rate shocks on trade (ESRC) - Crowley, M.
  • UK in a Changing Europe Fellowship (ESRC) - Crowley, M.
  • Innovation And The Resilience Of Religion (METANEXUS INSTITUTE ON RELIGION AND SCIENCE) - Iyer, S.
  • Modernizing The Madrasa In India (ISAAC NEWTON TRUST) - Iyer, S.
  • The Next RES Research Initiative: Expanding the Advancements Made in the Economic Study of Religion and Religious Markets (CHAPMAN UNIVERSITY (FB JOHN TEMPLETON FND)) - Iyer, S.
  • Endogenous Network Formation And Informal Networks In Village Economies (NUFFIELD FOUNDATION) - Krishnan, P.
  • Endogenous Network Formation And Informal Networks In Village Economies (ESRC) - Krishnan, P.
  • Aspirations And Poverty Traps: Investigating The Impact Of Interventions On Youth In The Slums Of Bombay (NUFFIELD FOUNDATION) - Krishnan, P.
  • Family Instability, Child Development and Family Policy: Theory and Evidence from an Economic Model (BRITISH ACADEMY) - Liu, K.
  • Organisation, Competition And Regulation In The British Railway Industry (ESRC) - Newbery, D. M.
  • Road Pricing And Urban Congestion Costs (ESRC) - Newbery, D. M.
  • The Internet And Price Competition In Retail Markets Within The Eu (EPSRC) - Newbery, D. M.
  • Efficient And Sustainable Regulation And Competition In Network Industries (ESRC) - Newbery, D. M.
  • Promoting Innovation And Productivity In Electricity Markets (CAMBRIDGE MIT (rsd use only)) - Newbery, D. M.
  • Price Comparison Sites And Competition: The Internet Connectivity Market (ISAAC NEWTON TRUST) - Newbery, D. M.
  • Specific Support Action: Sessa (Sustainable Specific Support Assessment) (EC FP6 OTHER) - Newbery, D. M.
  • Electricity Policy Forum (CAMBRIDGE MIT (rsd use only)) - Newbery, D. M.
  • Cessa - Coordinating Energy Security Of Supply Actions (EC FW6 CA) - Newbery, D. M.
  • British Academy Small Grant Bid - Karsten Neuhoff (BRITISH ACADEMY) - Newbery, D. M.
  • The Electricity Policy Research Group (ESRC) - Newbery, D. M.

Keynes Fund Sponsored Projects

  • Political Representation, Market Failure and Public Policy: A Long-run Study of the United Kingdom (JHOA) - Aidt, T. Project Summary and Output
  • Market Failures and State Successes in Public Health and Highways 1830-1912 (JHOM) - Aidt, T., Shaw-Taylor, L. and Davenport, R. Project Summary and Output
  • Credit Constraints and Optimal Price Setting in International Markets (JHOR) - Crowley, M. and Corsetti, G.
  • How Important are Religious Organisations as Insurance? (JHOT) - Iyer, S., Cavalcanti, T. V. D. and Rauh, C.
  • Risk and Return in Human Capital Investments (JHOJ) - Liu, K.
  • Understanding differences in performance of managers (JHLX) - Shvets, J. and Huffman, D. Project Summary and Output
More Sponsored Projects >>

Published Papers

Aidt, T. S. and Franck, R. What motivates and oligarchic elite to democratize? Evidence from the roll call vote on the Great Reform Act of 1832, Journal of Economic History, forthcoming (2019)
Aidt, T. S., Asatryan, Z., Badalyan, L. and Heinemann, F. Vote Buying or (Political) Business (Cycles) as Usual?, Review of Economics and Statistics, forthcoming (2019)
Crowley, M. A., Meng, N. and Song, H. Policy shocks and stock market returns: evidence from Chinese solar panels, Journal of the Japanese and International Economies (2019)
Fruehwirth, J., Iyer, S. and Zhang, A. Religion and Depression in Adolescence, Journal of Political Economy, forthcoming (2019)
Liu, K. Wage Risk and the Value of Job Mobility in Early Employment Careers, Journal of Labor Economics (2019)
Crowley, M. A., Meng, N., and Song, H. Tariff scares: Trade policy uncertainty and foreign market entry by Chinese firms, Journal of International Economics (2018)
Aidt, T. S. and Rauh, C. The Big Five personality traits and partisanship in England, Electoral Studies (2018)
Crowley, M. A. and Hillman, J.A. Slamming the door on trade policy discretion? The WTO appellate body's ruling on market distortions and production costs in EU-Biodiesel (Argentina), World Trade Review (2018)

More Papers >>

Cambridge Working Papers in Economics

Alcover, M. and Crowley, M. A. China -- Broiler Products: Can the sum of the parts be less than the whole?, CWPE1985 (2019)
Chyong, C-K., Newbery, D., McCarty, T. A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage, CWPE1968 (2019)
Casarico, A. and Lattanzio, S. What Firms Do: Gender Inequality in Linked Employer-Employee Data, CWPE1966 (2019)
Aidt, T. S., Albornoz, F. and Hauk, E. Foreign in influence and domestic policy: A survey, CWPE1928 (2019)
Porzio, T., Santangelo, G. Does Schooling Cause Structural Transformation?, CWPE1925 (2019)
Santangelo, G. Firms and Farms: The Local Effects of Farm Income on Firms’ Demand, CWPE1924 (2019)
Newbery, D. Strengths and Weaknesses of the British Market Model, CWPE1917 (2019)
Todd, P., Zhang, W. A Dynamic Model of Personality, Schooling, and Occupational Choice, CWPE1912 (2019)

More Papers >>

Authored Books

Iyer, S. The Economics of Religion in India, (2018), Harvard University Press
Iyer, S. Demography and Religion in India, (2002), Oxford University Press

Chapter in Book

Iyer, S. Religion and Demography, (2019), forthcoming in Advances in the Economics of Religion. Edited by J-P Carvalho, Sriya Iyer, J Rubin - Palgrave Macmillan
Aidt, T.S. Corruption, (2018), forthcoming in Oxford handbook of public choice. Edited by Roger Congleton, Stefan Voigt - Oxford University Press
Aidt, T.S. and Leon, G. The coup: competition for office in authoritarian regimes, (2018), forthcoming in Oxford handbook of public choice. Edited by Roger Congleton, Stefan Voigt - Oxford University Press
Iyer, S. Religion and Institutions, (2018), forthcoming in A Research Agenda for the New institutional Economics. Edited by Claude Menard, Mary Shirley - Edward Elgar Publishers
Bown, C. P. and Crowley, M. A. The empirical landscape of trade policy, (2016), forthcoming in Handbook of commercial policy, Volume 1. Edited by Kyle Bagwell, Robert Staiger - Elsevier
Aidt, T. S. Political economy of instrument choice, (2013), forthcoming in Encyclopedia of energy, natural resource, and environmental economics. Edited by Jason Shogren - Elsevier Science
Iyer, S., Joshi, S. and Do, Q. Why marry a cousin? Insights from Bangladesh, (2013), forthcoming in Marrying in South Asia: Shifting Concepts, Changing Practices in a Globalising World. Edited by Ravinder Kaur, Rajni Parliwala - Orient Blackswan
Crowley, M. A. Why are safeguards needed in a trade agreement?, (2010), forthcoming in Law and econmics of contingent protection in international trade. Edited by George Bermann, Petros Mavroidis, Kyle Bagwell - Cambridge University Press
Iyer, S. Gender, religion, and the age at marriage in India, (2009), forthcoming in Gender and Discrimination: Health, Nutritional Status and Role of Women in India. . Edited by M Pal, P Bharati, B Ghosh, T - Oxford University Press
Iyer, S. Religion and economic development, (2008), forthcoming in The New Palgrave Dictionary of Economics, Second Edition. Edited by S Durlauf, L Blume - Palgrave Macmillan

Chapter in Book

eds. Carvalho, J-P, Iyer, S. and Rubin, J. Advances in the Economics of Religion, (2019) - Palgrave Macmillan
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Empirical Microeconomics Research Group

David Weinstein
(Columbia, visiting LSE)
'The Impact of the US-China Trade War on Corporate Profitability and Investment'
Thursday 21st November 2019 4:00pm
Meade Room,
Bruno Caprettini
'The Electoral Impact of Wealth Redistribution. Evidence from the Italian Land Reform'
Thursday 28th November 2019 4:00pm
Meade Room,

Recent Publications

Grey, F. Corporate Lobbying for Environmental Protection Journal of Environmental Economics and Management [2018]

Chan, M. K. and Liu, K. Life-Cycle and Intergenerational Effects of Child Care Reforms Quantitative Economics [2018]

Crowley, M. A., Meng, N. and Song, H. Policy shocks and stock market returns: evidence from Chinese solar panels Journal of the Japanese and International Economies [2019]

Selected CWPE


UK Electricity Market Reform and the Energy Transition: Emerging Lessons, Grubb, M., Newbery, D.


Strengths and Weaknesses of the British Market Model, Newbery, D.


A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation..., Chyong, C-K., Newbery, D., McCarty, T.