CBS Faculty

Kul B Luintel
Professor of
Economics
Office: S09a
Cardiff Business School,
Colum Drive,
Cardiff, CF10 3EU.
Telephone: + 44 (0)29 2087 5534
Fax: +44 (0)29 2087 4419
Email Address: LuintelK@cardiff.ac.uk
MA (TU), MPhil & PhD (Glasgow)
I received my Degree (MA) in economics in 1981 from TU, Nepal; MPhil (1990) and PhD (1993) both from Glasgow University. I was a Central Banker in Nepal. I took academia as my career by joining the Department of Economics, University of Wales Swansea, as a Lecturer in 1996. I was made a Professor of Economics at Brunel University in 2001 where I worked until, 2005. I rejoined the School of Business and Economics, University of Wales Swansea, in January 2005 as a Professor of Finance and worked there until I moved to Cardiff as a Professor of Economics in September 2006. I am a member of the Royal Economic Society, American Economic Association, Canadian Economics Association and Southern Economic Association.
Curriculum Vitae
Previous appointments:
Swansea University
Brunel University
Loughborough University
Keele University, and
Nepal Rastra Bank (the Central Bank of Nepal)
Teaching areas:
Econometrics, Macroeconomics, International Finance, Development Finance, Financial Theory and Corporate Policy, Advanced Financial Theory, Financial Markets and Instruments.
Research Interests:
Applied Econometrics; Finance, Financial Structure and Economic Growth; Ideas Production, Knowledge Spillovers and Endogenous Growth; Knowledge and Productivity; Fiscal Integration and Fiscal Solvency; Real Exchange Rate Behaviour; Exogeneity of Money; Spot and Forward Market Efficiency; Fisher Relationship; Block Trade; Executives’ Option.
A List of Publications (Journal only):
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“Private Information in Executive Stock Option Trades: Evidence of Insider Trading in the UK” (with K. Kyriacou and B. Mase), forthcoming, Economica.
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“Heterogeneous Ideas Production and Endogenous Growth: An Empirical Investigation” (with M. Khan), forthcoming, Canadian Journal of Economics.
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“Financial Structure and Economic Growth” (With M. Khan, P. Arestis and K. Theodoridis), Journal of Development Economics, 86 (2008) 181-200.
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“Government Solvency: Revisiting some EMU Countries” (with Michael Arghyrou); Journal of Macroeconomics, vol. 29 (2007), pp. 387-410.
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“Are common stocks a hedge against inflation?” (with K. N. Paudyal); Journal of Financial Research, vol.XXIX, No.1, PP. 1-9, Spring 2006.
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"Are International R&D Spillovers Costly for the US?" (with Moss Khan), The Review of Economics and Statistics, Vol 86 (November, 2004), 896-910.
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“Exogeneity of Money and its Policy Implications for Price Control: Evidence from South Asia”, Pacific Economic Review vol. 7 (2002) 505-517.
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“Fiscal Deficits in Monetary Unions: A Comparison of EMU and the United States” (with P. Aristis and M. Khan), Eastern Economic Journal, vol. 28 (2002), 89-103.
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“The Long-run Behaviour of Real Exchange Rate: Evidence from Colonial Pennsylvania”, (with T. Choudhry), Economics Letters, vol. 74 (2001), 25-30.
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“Heterogeneous Panel Unit Root Tests and Purchasing Power Parity”, The Manchester School (Supplement), vol. 69 (2001), 42-56.
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“Financial Restraints in the South Korean Miracle”, (with P. Demetriades), Journal of Development Economics, vol. 64, (2001), 459-479.
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“Financial Development and Economic Growth: The Role of Stock Market”, (with P. Arestis and P. O. Demetirades), Journal of Money Credit and Banking, vol. 33, No. 1 (February 2001) 16-41.
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“Real Exchange Rate Behaviour: Evidence from Black Markets”, Journal of Applied Econometrics, vol. 15 (2000), 161-185.
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“A Quantitative Reassessment of the Finance-Growth Nexus: Evidence from a Multivariate VAR”, (with M. Khan), Journal of Development Economics, vol. 60(1999), 381-405, 1999.
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“Non-causality due to Irrelevant Lag-polynomials”, Applied Economics Letters, vol. 6 (1999) 17-20.
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“The ERM and the Fiscal Integration in the EU”, (with Mark Holmes), Applied Economics Letters, vol. 6 (1999). 25-27.
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“Productivity and Financial Sector Policies: Evidence from South East Asia”, (with P. Demetriades and M. Devereux), Journal of Economic Behaviour and Organisation, vol. 35, Issue 1 (March 1998), 61-82.
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“Common Stochastic Trends between Forward and Spot Exchange Rates”, (with K. Paudyal), Journal of International Money and Finance, vol. 17 (May 1998), 279-297.
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“The Direct Costs of Financial Repression: Evidence from India”, (with P. Demetriades), The Review of Economics and Statistics (May 1997), 311-319.
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“Regional Demand for Building Society Mortgage Finance”, (with Mark Holmes), Ekonomia, vol. 1 (1997), 65-81.
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“Banking Sector Policies and Financial Development in Nepal”, (with P. Demetriades), Oxford Bulletin of Economics and Statistics, vol. 58 (May 1996), 355-372.
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“Financial Development, Economic Growth and Banking Sector Controls: Evidence from India”, (with P. Demetriades), The Economic Journal, vol. 106 (March 1996) pp. 359-374.
