Research activities

Greenwich Papers in Political Economy

2024

  • Guschanski, Alexander and Onaran, Özlem (2024) "UK markups and profit margins during the pandemic and its aftermath." Greenwich Papers in Political Economy, University of Greenwich #GPERC98
  • Heck, I., Rabensteiner, T. and Tippet, B. (2024) "A progressive excess profit tax for the European Union" Greenwich Papers in Political Economy, University of Greenwich #GPERC97

2023

  • Cepparulo, B. (2023) "Is mobility a good proxy for economic activity?" Greenwich Papers in Political Economy, University of Greenwich #GPERC96
  • Paredes, M. A. (2023) "ESG investing, reputation and government policies in British SMEs: why does firmographics matter?" Greenwich Papers in Political Economy, University of Greenwich #GPERC95
  • Botta, A., Caverzasi, E. and Russo, A. (2023) "Same old song: on the macroeconomic and distributional effects of leaving a low interest rate environment" Greenwich Papers in Political Economy, University of Greenwich #GPERC94
  • Onaran, Ö. (2023) "The political economy of the cost of living crisis in the UK: what is to be done?" Greenwich Papers in Political Economy, University of Greenwich #GPERC93
  • Wildauer, R. (2023) "Was Pareto right? Is the distribution of wealth thick-tailed?" Greenwich Papers in Political Economy, University of Greenwich #GPERC92

2022

  • Rabensteiner, T. and Guschanski, A. (2022) "Autonomy and wage divergence: evidence from European survey data." Greenwich Papers in Political Economy, University of Greenwich #GPERC91
  • Cepparulo, B. and Jump, R. C. (2022) "The impact of Covid-19 restrictions on economic activity: evidence from the Italian regional system." Greenwich Papers in Political Economy, University of Greenwich #GPERC90

2021

  • Wildauer, R., Leitch, S. and Kapeller, J. (2021) "Is a €10 trillion European climate investment initiative fiscally sustainable?" Greenwich Papers in Political Economy, University of Greenwich #GPERC89
  • Tippet, B., Wildauer, R. and Onaran, Ö. (2021) "The case for a progressive annual wealth tax in the UK" Greenwich Papers in Political Economy, University of Greenwich #GPERC88
  • Oyvat, C., Tekgüç, H. and Yagci, A. H. (2021) "Religiosity, Employment, and Horizontal Inequalities in Turkey" Greenwich Papers in Political Economy, University of Greenwich #GPERC87
  • Missaglia, M. and Botta, A. (2021) "Central Bank’s power versus the tyranny of financial markets: liquidity preference and macroeconomic dynamics in a world of endogenous money" Greenwich Papers in Political Economy, University of Greenwich #GPERC86
  • Alami, I., Alves, C., Bonizzi, B., Kaltenbrunner, A., Kodddenbrock, K., Kvangraven, I. and Powell, J. (2021) "International financial subordination: a critical research agenda" Greenwich Papers in Political Economy, University of Greenwich #GPERC85
  • Bonizzi, B., Kaltenbrunner, A. and Powell, J. (2021) "Financialised capitalism and the subordination of emerging capitalist economies" Greenwich Papers in Political Economy, University of Greenwich #GPERC84
  • Guschanski, A. and Onaran, Ö. (2021) "The effect of global value chain participation on the labour share – Industry level evidence from emerging economies" Greenwich Papers in Political Economy, University of Greenwich #GPERC83
  • Dafermos, Y. and Nikolaidi, M. (2021) "How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis" Greenwich Papers in Political Economy, University of Greenwich #GPERC82
  • Kapeller, J., Leitch, S. and Wildauer, R. (2021) "A European wealth tax for a fair and green recovery" Greenwich Papers in Political Economy, University of Greenwich #GPERC81
  • Tippet, B. and Onaran, Ö. and Wildauer, R. (2021) "The determinants of wealth inequality in the UK, USA and France" Greenwich Papers in Political Economy, University of Greenwich #GPERC80

2020

  • Jump, R. and Kohler, K. (2020) "A history of aggregate demand and supply shocks for the United Kingdom, 1900 to 2016" Greenwich Papers in Political Economy, University of Greenwich #GPERC79
  • Ugur, M. and Vivarelli, M. (2020) "Innovation, firm survival and productivity: The state of the art" Greenwich Papers in Political Economy, University of Greenwich #GPERC78
  • Botta, A. and Tippet, B. (2020) "The roots of a divided eurozone: Rigid labour markets or asymmetric technology-macroeconomic regimes?", Greenwich Papers in Political Economy, University of Greenwich #GPERC77
  • Wildauer, R., Leitch, S. and Kapeller, J. (2020). "How to boost the European's Green Deal scale and ambition", Greenwich Papers in Political Economy, University of Greenwich #GPERC76
  • Oyvat, C. (2020) ''The role of global finance in the provisioning of social infrastructure and the welfare state'', Greenwich Papers in Political Economy, University of Greenwich #GPERC75

2019

  • Dafermos, Y. and Nikolaidi, M. (2019). "Fiscal policy and ecological sustainability: A post-Keynesian perspective", Greenwich Papers in Political Economy, University of Greenwich, #GPERC74
  • Wildauer, R. and Kapeller, J. (2019) ''Rank Correction: A New Approach to Differential Nonresponse in Wealth Survey Data'', Greenwich Papers in Political Economy, University of Greenwich, #GPERC73
  • Wildauer, R. and Kapeller, J. (2019) ''A Comment on Fitting Pareto Tails to Complex Survey Data'', Greenwich Papers in Political Economy, University of Greenwich, #GPERC72
  • Onaran, Ö., Oyvat, C. and Fotopoulou, E. (2018) "The effects of gender inequality, wages, wealth concentration and fiscal policy on macroeconomic performance", Greenwich Papers in Political Economy, University of Greenwich, #GPERC71
  • Botta, A., Caverzasi, E. and Russo, A. (2019) "When complexity meets finance: a contribution to the study of the macroeconomic effects of complex financial systems", Greenwich Papers in Political Economy, University of Greenwich, #GPERC70
  • Bonizzi, B., Kaltenbrunner, A. and Powell, J. (2019) "Subordinate financialization in emerging capitalist economies", Greenwich Papers in Political Economy, University of Greenwich, #GPERC69

2018

  • Ugur, M. and Trushin, E. (2018) "Asymmetric information and heterogeneous effects of R&D subsidies: evidence on R&D investment and employment of R&D personnel", Greenwich Papers in Political Economy, University of Greenwich, #GPERC68
  • Ugur, M., Awaworyi Churchill, S. and Luong, H. M. (2018) "What do we know about R&D spillovers and productivity? Meta-analysis on heterogeneity and statistical power", Greenwich Papers in Political Economy, University of Greenwich, #GPERC67
  • Botta, A., Caverzasi, E., Russo, A., Gallegati, M. and Stiglitz, J. E. (2018), "Inequality and finance in a rent economy", Greenwich Papers in Political Economy, University of Greenwich, #GPERC66
  • Oyvat, C., Öztunalı, O. and Elgin, C. (2018), "Wage-led vs. profit-led growth: a comprehensive empirical analysis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC65
  • Van Klyton, A., Arrieta Paredes, M. and Soomaree, A. (2018), "The multi-stakeholder model of Internet governance, ICANN, and business stakeholders: practices of hegemonic power", Greenwich Papers in Political Economy, University of Greenwich, #GPERC64
  • Botta, A., Tippet, B. and Onaran, Ö. (2018), "Divergence between the core and the periphery and secular stagnation in the Eurozone", Greenwich Papers in Political Economy, University of Greenwich, #GPERC63
  • Powell, J. (2018), "Towards a Marxist theory of financialised capitalism", Greenwich Papers in Political Economy, University of Greenwich, #GPERC62
  • Coles, A.-M. and Peters, S. R. (2018), "Sustainable transitions and complex socio-technical systems: renewable energy and the electricity grid in the USA, UK and Germany", Greenwich Papers in Political Economy, University of Greenwich, #GPERC61
  • Rotta, T. and Teixeira R. (2018), "The commodification of knowledge and information", Greenwich Papers in Political Economy, University of Greenwich, #GPERC60
  • Guschanski, A. and Onaran, Ö. (2018), "The labour share and financialisation: Evidence from publicly listed firms", Greenwich Papers in Political Economy, University of Greenwich, #GPERC59
  • Trushin, E. and Ugur, M. (2018), "Ecosystem complexity, firm learning and survival: UK evidence on intra-industry age and size diversity as exit hazards", Greenwich Papers in Political Economy, University of Greenwich, #GPERC58
  • Sallai, D. and Schnyder, G. (2018), "The Transformation of Post-socialist Capitalism – From Developmental State to Clan State?", Greenwich Papers in Political Economy, University of Greenwich, #GPERC57
  • Caverzasi, E., Botta, A. and Capelli, C. (2018), "The endogeneity of money and the securitizing system. Beyond shadow banking.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC56

2017

  • Guschanski, A. and Stockhammer, E. (2017), "Are current accounts driven by competitiveness or asset prices? A synthetic model and an empirical test.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC55
  • Dafermos, Y., Nikolaidi, M. and Galanis, G. (2017), "Climate change, financial stability and monetary policy.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC54
  • Sallai, D. and Schnyder, G. (2017), "Coping with Autocracy: Corporate political activity, institutional duality, and MNE – local firm rivalry during "institutional backsliding".", Greenwich Papers in Political Economy, University of Greenwich, #GPERC53
  • Guschanski, A. and Onaran, Ö. (2017), "Why is the wage share falling in emerging economies? Industry level evidence.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC52
  • Guschanski, A. and Onaran, Ö. (2017), "The political economy of income distribution: industry level evidence from 14 OECD countries.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC51
  • Nikolaidi, M. and Stockhammer, E. (2017), "Minsky models. A structured survey.", Greenwich Papers in Political Economy, University of Greenwich, #GPERC50
  • Oyvat, C. and Tekgüç, H. (2017), "Double squeeze on educational development: land inequality and ethnic conflict in Southeastern Turkey", Greenwich Papers in Political Economy, University of Greenwich, #GPERC49
  • Botta, A. and Tori, D. (2017), "A critique to the expansionary austerity (part III): empirical counter facts beyond theoretical weaknesses", Greenwich Papers in Political Economy, University of Greenwich, #GPERC48
  • Oyvat, C. and wa Gĩthĩnji, M. (2017), "Migration in Kenya: beyond Harris-Todaro", Greenwich Papers in Political Economy, University of Greenwich, #GPERC47
  • Onaran, Ö., Andersen, L., Cozzi, G., Dahl, S., Nissen, T., Obst, T. and Tori, D. (2017), "An investment and equality-led sustainable development strategy for Europe", Greenwich Papers in Political Economy, University of Greenwich, #GPERC46
  • Sallai, D. (2017), "The corporate political activity of MNEs under the pressure of institutional duality", Greenwich Papers in Political Economy, University of Greenwich, #GPERC45
  • Tori, D. and Onaran, Ö. (2017), "The effects of financialisation and financial development on investment: evidence from firm-level data in Europe", Greenwich Papers in Political Economy, University of Greenwich, #GPERC44
  • Obst, T., Onaran, Ö. and Nikolaidi, M. (2017), " The effect of income distribution and fiscal policy on growth, investment, and budget balance: the case of Europe", Greenwich Papers in Political Economy, University of Greenwich, #GPERC43

2016

  • Botta, A.  (2016), "The theoretical inconsistency of the expansionary austerity doctrine (reprise): an extension to the long run", Greenwich Papers in Political Economy, University of Greenwich, #GPERC42.
  • Guschanski, A. and Onaran, Ö. (2016), "Determinants of the wage share: a cross-country comparison using sectoral data", Greenwich Papers in Political Economy, University of Greenwich, #GPERC41.
  • Botta, A., Caverzasi, E. and Tori, D. (2016), "The macroeconomics of shadow banking", Greenwich Papers in Political Economy, University of Greenwich, #GPERC40.Onaran, Ö. (2016), "Secular stagnation and progressive economic policy alternatives", Greenwich Papers in Political Economy, University of Greenwich, #GPERC39
  • Rotta, T. (2016), "Effective demand and Say's law in Marxist theory: an evolutionary perspective", Greenwich Papers in Political Economy, University of Greenwich, #GPERC38.
  • Ugur, M. (2016), "Modeling Growth: Exogenous, endogenous Schumpeterian growth models", Greenwich Papers in Political Economy, University of Greenwich, #GPERC37.
  • Sumra, S. (2016), "The Balance of Payments Constrained Growth Model with Sustainable Debt Accumulation, Interest Payments and the Terms of Trade: Evidence from Sub-Saharan Africa", Greenwich Papers in Political Economy, University of Greenwich, #GPERC36.
  • Sumra, S. (2016), "The natural rate of growth and the relevance of aggregate demand in low income countries: the case of Sub-Saharan Africa", Greenwich Papers in Political Economy, University of Greenwich, #GPERC35.
  • Botta, A. (2016), "The theoretical weaknesses of the expansionary austerity doctrine", Greenwich Papers in Political Economy, University of Greenwich, #GPERC34.

2015

  • Umney, C., Greer, I., Onaran, Ö. and Symon, G. (2015), "The state and class discipline: European labour market policy after the financial crisis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC33.
  • Onaran, O., Guschanski, A. Meadway, J. and Martin, A. (2015), "Working for the economy: The economic case for trade unions", Greenwich Papers in Political Economy, University of Greenwich, #GPERC32.
  • Ugur, M., Trushin, E. and Solomon, E. (2015), "UK and EU subsidies and private R&D investment: Is there input additionality?", Greenwich Papers in Political Economy, University of Greenwich, #GPERC31.
  • Solomon, E. (2015), Ugur, M., Guidi, F. and Trushin, E. (2015), "Variations in the effect of R&D investment on firm productivity: UK Evidence", Greenwich Papers in Political Economy, University of Greenwich, #GPERC30.
  • Ugur, M., Trushin, E., Solomon, E. and Guidi, F. (2015), "R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC29.
  • Onaran, O. and Obst T. (2015), "Wage-led growth in the EU15 Member States:The effects of income distribution on growth, investment, trade balance, and inflation", Greenwich Papers in Political Economy, University of Greenwich, #GPERC28.
  • Nikolaidi, M. (2015), "Securitisation, wage stagnation and financial fragility: A stock-flow consistent perspective", Greenwich Papers in Political Economy, University of Greenwich, #GPERC27.
  • Onaran, O. (2015), "The role of gender equality in an equality-led sustainable development strategy", Greenwich Papers in Political Economy, University of Greenwich, #GPERC26.
  • Onaran, O. (2015), "Wage- versus profit- led growth in the context of international interactions and the political aspects of wage-led recovery", Greenwich Papers in Political Economy, University of Greenwich, #GPERC25.
  • Onaran, O. (2015), "State and the economy: A strategy for wage-led development", Greenwich Papers in Political Economy, University of Greenwich, #GPERC24.
  • Oyvat, C. (2015), "Structural Change and the Kuznets Hypothesis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC23.
  • Ugur, M., Trushin, E., Solomon, E. and Guidi, F. (2015), "Inverted-U relationship between innovation and survival: Evidence from firm-level UK data", Greenwich Papers in Political Economy, University of Greenwich, #GPERC22.
  • Churchill, S.A., Yew, S.L. and Ugur, M. (2015), "Effects of Government Education and Health Expenditures on Economic Growth: A Meta-analysis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC21.
  • Churchill, S.A., Yew, S.L. and Ugur, M. (2015), "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC20.
  • Cagliesi, G., Hawkes, D. and Tookey, M. (2015), "A Multidimensional approach to workless-ness: a matter of opportunities, social factors and individual's idiosyncrasies", Greenwich Papers in Political Economy, University of Greenwich, #GPERC19.
  • Botta, A., Caverzasi, E. and Tori, D. (2015), "Financial-real side interactions in the monetary circuit: loving or dangerous hugs?", Greenwich Papers in Political Economy, University of Greenwich, #GPERC18.
  • Tori, D., and Onaran, O. (2015), "The effects of financialization on investment: Evidence from firm-level data for the UK", Greenwich Papers in Political Economy, University of Greenwich, #GPERC17.
  • Onaran, O., and Oyvat, C. (2015), "The political economy of inequality, redistribution and boom-bust cycles in Turkey", Greenwich Papers in Political Economy, University of Greenwich, #GPERC16.
  • Botta, A., Godin, A., and Missaglia, M. (2015), "Finance, Foreign (Direct) Investment and Dutch Disease: the Case of Colombia", Greenwich Papers in Political Economy, University of Greenwich, #GPERC15.
  • Botta, A. (2015), "The Macroeconomics of a Financial Dutch Disease", Greenwich Papers in Political Economy, University of Greenwich, #GPERC14.
  • Botta, A. (2015), "The complex inequality-innovation-public investment nexus", Greenwich Papers in Political Economy, University of Greenwich, #GPERC13.
  • Dafermos, Y., Nikolaidi, M., and Galanis, G. (2015), "A stock-flow-fund ecological macroeconomic model", Greenwich Papers in Political Economy, University of Greenwich, #GPERC12.
  • Cozzi, G and Griffith-Jones, S. (2015), "Investment-led growth: a solution to the European crisis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC11.
  • Cozzi, G. and Bargawi, H. (2015), "Engendering Economic Recovery: Modelling Alternatives to Austerity in Europe", Greenwich Papers in Political Economy, University of Greenwich, #GPERC10.
  • Rotta, T. (2015), "Productive Stagnation and Unproductive Accumulation: an Econometric Analysis of the United States", Greenwich Papers in Political Economy, University of Greenwich, #GPERC09.
  • Rotta, T. (2015), "Unproductive Accumulation in the United States: a New Analytical Framework", Greenwich Papers in Political Economy, University of Greenwich, #GPERC08.
  • Coles, A.M. and Yan, L. (2015), "Cultural knowledge as International Business: Entrepreneurial Style in the UK Traditional Chinese Medicine Sector", Greenwich Papers in Political Economy, University of Greenwich, #GPERC07.

2014

  • Cozzi, G., McKinley, T. and Michell, J.(2014), "Employment-led recovery for Europe: an Alternative to Austerity", Greenwich Papers in Political Economy, University of Greenwich, #GPERC06.
  • Onaran, Ö., Goda, T., and Stockhammer, E. (2014), "A Case for Redistribution? Income Inequality and Wealth Concentration in the Recent Crisis", Greenwich Papers in Political Economy, University of Greenwich, #GPERC05.
  • Cagliesi, G., Della Bina, A. and Tivegna, M. (2014), "Market Response to News: Rationality and Conformism in an Euro-Dollar Exchange Rate Model", Greenwich Papers in Political Economy, University of Greenwich, #GPERC04.

2013

  • Cagliesi, G. and Hawkes, D. (2013), "What Nudges will Matter ? An Empirical Study of Female Joblessness", Greenwich Papers in Political Economy, University of Greenwich, #GPERC03.
  • Onaran, Ö and Boesch, V. (2013), "The effect of globalization on the distribution of taxes and social expenditures in Europe: Do welfare state regimes matter?", Greenwich Papers in Political Economy, University of Greenwich, #GPERC02.
  • Onaran, Ö and Galanis, G. (2013), "Income distribution and aggregate demand: A global Post-Keynesian model", Greenwich Papers in Political Economy, University of Greenwich, #GPERC01.