The origins of economic development have puzzled researchers at least since Adam Smith. In the new millennium, a wide spectrum of refined economic growth theories has emerged, linking it with geographical (Gallup, Sachs and Mellinger, 1999), financial (Ghimire and Giorgioni, 2013a,b), institutional (Acemoglu, Johnson and Robinson, 2000) and policy (Sachs and Warner, 1997) factors. However, modern research in the field almost always omits a perspective deemed very important in the historical narrative and extremely relevant in terms of plain common sense: the role of personality in history, or, more specifically, the impact of political leaders on the economic development of countries.
However, data related to political leaders’ characteristics and attributes which can be linked with growth aspect is very limited or not available for many countries which must have compromised the contribution that could be made in this area. In 2009, meeting this demand, Archigos, a database of political leaders featuring their personal and background details, was introduced (Goemans, Gleditsch and Chiozza, 2009). However, its sample period ends at 2004 and the database is more focused on the nature of political change rather than on the personalities of the leaders. Therefore, this project calls for research that, while probably building upon Archigos, expands the number of leader-related variables as well as the sample period to include more recent political transitions globally. Most importantly, the integration of leadership aspect into the existing theories of economic growth is encouraged within the framework of research.
As existing literature on the impact of political leaders largely dwells on the methodology developed by CEO-related research in finance (Besley et al., 2011), this project will encourage application from candidate with background in finance and economics.
The applicant must be proficient in MS Excel, should be familiar with econometrics tools as well as competent using statistical software.
Eligibility and How to Apply:
Please note eligibility requirement:
• Academic excellence of the proposed student i.e. 2:1 (or equivalent GPA from non-UK universities [preference for 1st class honours]); or a Masters (preference for Merit or above); or APEL evidence of substantial practitioner achievement.
• Appropriate IELTS score, if required.
For further details of how to apply, entry requirements and the application form, see https://www.northumbria.ac.uk/research/postgraduate-research-degrees/how-to-apply/
Please note: Applications that do not include a research proposal of approximately 1,000 words (not a copy of the advert), or that do not include the advert reference (e.g. SF19/…) will not be considered.
Northumbria University takes pride in, and values, the quality and diversity of our staff. We welcome applications from all members of the community. The University holds an Athena SWAN Bronze award in recognition of our commitment to improving employment practices for the advancement of gender equality and is a member of the Euraxess network, which delivers information and support to professional researchers.
Acemoglu, D., Johnson, S., & Robinson, J. A. (2000). The colonial origins of comparative development: An empirical investigation (No. w7771). National bureau of economic research.
Gallup, J. L., Sachs, J. D., & Mellinger, A. D. (1999). Geography and economic development. International regional science review, 22(2), 179-232.
Ghimire, B., & Giorgioni, G. (2013a). Puzzles in the relationship between financial development and economic growth. Journal of Applied Finance and Banking, 3(5), 199-222.
Ghimire, B., & Giorgioni, G. (2013b). Finance and growth: an investigation into the role of internal, bank and equity finance. The Poznan University of Economics Review, 13(2), 31-46.
Goemans, H. E., Gleditsch, K. S., & Chiozza, G. (2009). Introducing Archigos: A dataset of political leaders. Journal of Peace research, 46(2), 269-283.
Sachs, J. D., & Warner, A. M. (1997). Sources of slow growth in African economies. Journal of African economies, 6(3), 335-376.
Recent publications by supervisors relevant to this project:
Savva, S. and Ghimire, B. (2018) Is all politics local? Regional political risk in Russia and the panel of stock returns, Journal of Behavioral and Experimental Finance, Forthcoming.
Trinh, Vu, Karki, D., Ghimire, B. (2018) Systematic Risk Determinants of Stock Returns after Financial Crisis Fama-French Three-factor Model vs CAPM, Published on 20th March 2018, Scholars’ Press.
Ghimire, B., & Giorgioni, G. (2013a). Finance and growth: an investigation into the role of internal, bank and equity finance. The Poznan University of Economics Review, 13(2), 31-46.
Ghimire, B., & Giorgioni, G. (2013b). Puzzles in the relationship between financial development and economic growth. Journal of Applied Finance and Banking, 3(5), 199-222.