Mark Casson

Local population growth in the UK - an econometric study of the distribution of population across parishes 1801-1911, using Census data. A pilot study of Oxfordshire has been completed. Once the methodology has been validated it will be rolled out to the study of other counties. Collaborators: Leigh Shaw-Taylor and Tony Wrigley, Department of Geography, University of Cambridge

The Quantity Theory of Money in long-run perspective - a study of money supply, prices and incomes in the UK using annual data 1250-1900. Utilises new information on UK money supply to consider how far the Quantity Theory can explain price movements in medieval times as well as modern times. Collaborator: Nick Mayhew, Winton Institute, Ashmolean Museum, University of Oxford

The systems view of international business - modelling the role of multinationals in the coordination of global supply chains. The project constructs a simple model of the global economy and examines the types of firms that will emerge to coordinate activities under different conditions. The model has important policy implications for the ability of individual firms and countries to appropriate profit from global supply chains. Collaborator: Nigel Wadeson, University of Reading

Competition between multinational firms - modelling interactions between rival firms seeking to serve the same global market. Although competition is a concept that features prominently in current political debates, economic theory has identified many different forms of competition, all of which have different implications so far as the outcomes are concerned. This project examines how competition works in a global setting to distribute market share and profits between rival firms. It identifies the key features of the competitive process that determine 'who gets what' in global competition. Collaborator: Lynda Porter, University of Reading

Entrepreneurship in medieval England - successful entrepreneurs reveal a willingness to innovate, a tolerance for risk, alertness to opportunity, and good judgement in deciding which opportunities to exploit. These qualities are not only to be found is high-growth small business but in successful large firms, in the state sector and in the voluntary sector. If these qualities are basic human attributes then they should be evident in the medieval as well as the modern period. This project assesses the strength of entrepreneurship in the medieval period, examining the activities of merchants, bishops and statesmen amongst others. Collaborator: Catherine Casson, School of History and Cultures, University of Birmingham

Modelling price volatility and price correlations using long-run data - this project uses modern econometric techniques to analyse the volatility of a range of commodity prices, 1250-1900. The emphasis is on structural modelling that can identify key parameters relating to the persistence of demand and supply shocks. The modelling also tests for structural breaks that can be linked to major institutional or policy innovations. Collaborators: Chris Brooks, Nigar Hashimzade, University of Reading, and Catherine Casson, School of History and Cultures, University of Birmingham

Foreign direct investment in high-risk environments - many writers on foreign investment suggest that firms should avoid high-risk environments, but historical evidence suggests that firms can make high profits in such environments provided that they are able to survive. This project develops a model of survival in high-risk environments, based on the prevention and mitigation of hazards, and applies it to historical evidence. It is important implications for modern international business strategy. Collaborator: Teresa da Silva Lopes, University of York

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