Research is at the core of Durham University. It shapes and inspires the disciplinary structure of our departments, several of which lead the UK - and even the world - in their fields. Research leads the content and development of our teaching at undergraduate and postgraduate levels, and creates new cross-disciplinary programmes through our centres and institutes. In partnership with policy-makers, industry, healthcare and education, Durham's cross-disciplinary and cross-cultural research shapes local, national and international agendas.
Links to recent research highlights and to the Research Office and other units and schemes that support our research can be found on this page.
Forthcoming research seminars
Ngo Van Long (McGill University, Canada): Capital-Labor Substitution, Structural Change and Growth (with Francisco Alvarez-Cuadrado)
Abstract: There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the relative importance of each sector, consistent with the Kuznets facts. Although variations in the income elasticity of demand across goods played an important role in the initial attempts, recent models stress the role of supply-side factors in this process of structural change.
Along these lines, Ngai and Pissarides (American Economic Review, 2008) focus in differential productivity growth across sectors while Acemoglu and Guerrieri (Journal of Political Economy, 2008) stress differences in factor proportions and capital deepening. We explore a general framework that encompasses, as special cases, these two supply-side mechanisms. Our model uncovers an additional driving force for structural change based on differences in the degree of capital-labor substitutability. When the flexibility to combine capital and labor varies across intermediate goods and the final sector is Cobb-Douglas, as the economy grows the fraction of capital (labor) allocated to the sector with high elasticity of substitution increases (decreases). We provide some casual evidence consistent with this new mechanism.
An Economics and Finance Research Seminar.
Visit Durham's brand new research microsite - Breakthrough - for examples of our latest research, outstanding achievements and research grants.