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Centre for Economic Growth and Policy

What does the Centre for Economic Growth and Policy (CEGAP) do?

We focus on economic growth and ways to explain and understand it more clearly. Our researchers led by Professor Parantap Basu investigate the broad determinants of economic growth, and the possible impact of this on individuals and wider society.

At the moment, we have ongoing projects covering a range of economic issues that affect economic growth such as inequality, finance, education, monetary and fiscal policy, and – in international terms – malnutrition, extreme poverty and low aspiration. In the future, we hope to open out our research to areas including understanding the connection between regional disparity in growth, lack of investment in education and training, and the skills gap.

Members of the centre have written papers on subjects as diverse as offshore banking wage inequality, government debt, environmental economics and fertility.

Creating impact and engagement

We connect with a wide range of interested researchers and practitioners who share our focus on all facets of economic growth.

We’re proud to have an advisory board made up of academics from across the globe who take an active interest in all our activities. Notably, William Gavin, Vice President of Federal Reserve Bank of St Louis, USA and Simon Derrick, the Managing Director of Bank of New York Mellon, who is on the advisory board and has presented to staff and MSc students. Stephen Millard from the Bank of England is a Visiting Professor in Durham, participating in CEGAP-sponsored activities

Regular publications

CEGAP’s members have published in major refereed journals, including:

  • Economic Journal
  • Journal of Public Economics
  • Review of Economic Studies
  • International Economic Review
  • Journal of Economic Dynamics and Control
  • Southern Economic Journal
  • Journal of Macroeconomics
  • Canadian Journal of Economics
  • Economics Letters
  • Economic Theory
  • Journal of Econometrics
  • Economics of Governance
  • BE Journal of Macroeconomics
  • Journal of International Money and Finance
  • Journal of Economic Dynamics and Control
  • Journal of Population Economics
  • Economic Record
  • Manchester School

Recent Research

Is India Shining?

Economic development in India is proceeding apace, but does such rapid development produce a growing disparity between rich and poor areas in the country.

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Minimum wage increases in a recessionary environment

What happens when the minimum wage is increased? Does it harm those in low- wage sectors and low wage earners such as teenagers or, as much recent research seems to indicate, leave their employment largely unaffected while improving their earnings?

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PhD by research

Research Seminars