The Economics & Policy group analyses how economics can improve economic growth and business performance; and how public policy can be improved to enhance economic growth, sustainability and the quality of life.
The group is concerned with a wide spectrum of challenges including: the creation, financing and growth of knowledge intensive businesses in both manufacturing and service sectors; management organisation and innovative business growth; how to improve innovation performance at company, sector, regional and national levels; how to understand and measure the impact of university research and government policy upon social and economic welfare; understanding university-industry knowledge exchange and the commercialisation of science; how modelling can contribute to policy decisions; developing econometric and statistical methods; decision-making under extreme uncertainty; theorising the nature and identity of different varieties of technology and developing the associated economic and organisational implications; and improving existing models of explanation in a management context; understanding the relationship between takeovers corporate governance and the innovative and financial performance of large and small business acquisitions.
The research of the group falls broadly into the following categories:
- Decision-making under extreme uncertainty (Jochen Runde and Alberto Feduzi)
- Energy economics and policy (David Reiner and Michael Pollitt)
- Corporate governance, takeovers and executive pay (Andy Cosh and Panos Desyllas)
- Econometric and statistical methods (Paul Kattuman)
- Entrepreneurial finance and small business growth (Andy Cosh and Andrea Mina)
- Explanation in the social sciences (Jochen Runde)
- Innovation (Andrea Mina, Alan Hughes and Michael Kitson)
- Macroeconomic policy and performance (Michael Kitson)
- Productivity measurement and the regulation of utilities (Michael Pollitt)
- Social ontology and the ontology of technology (Jochen Runde and Philip Faulkner)
- The modelling of public policy, particularly concerning climate change (Chris Hope)