Skip to main content
Professor Max Munday

Professor Max Munday

Director of Welsh Economy Research Unit

Cardiff Business School

Email
mundaymc@cardiff.ac.uk
Telephone
+44 (0)29 2087 5089
Campuses
T01, Aberconway Building, Colum Road, Cathays, Cardiff, CF10 3EU
Comment
Media commentator
Users
Available for postgraduate supervision

Overview

Summary

Has been a member of Cardiff Business School since 1990, and over this period has developed a wide range of research interests on Welsh economy, the economics of inward investment, tourism economics, regional economics and policy, and on corporate restructuring.

Research on inward investment, regional economics and policy, have led to successful research bids and a wide range of consultancy work for organisations in both the public and private sector.

  • Research expertise in regional economics and policy, Welsh economy, tourism economy, sustainable economic development and energy.
  • Participated fully in RAE/REFs since 1990s.
  • Published over 90 refereed papers in leading academic journals; recent papers in ABS 4* journals including Environment and Planning A, Tourism Management, European Journal of Operations Research
  • Research Gate score 34.11; Google Scholar H index 37, G index 67 in Feb 2020
  • Over £2.0m of research and other income in period 2016-20
  • Currently directing major £1.2m programme of EU research in Wales examining small firm impacts of access to superfast broadband services.
  • Directing 2017-2020 Economic Intelligence Wales research examining

Founder member of the Welsh Economy Research Unit, and Director. With WERU members, has been involved in a number of successful bids for research monies from private and public organisations.

Other roles include:

    • Member: regional Investment after Brexit group advising Welsh Government
    • Regular collaboration with regional institutions and anchor companies, both in terms of research, evaluation, services, and advice.
    • Regularly asked to provide economic advice to Welsh Government and stakeholder organisations.
    • Regular responses to national and regional government inquiries. Advisor to Welsh Affairs Committee inquiry to inward investment in Wales (2012) and expert witness to Welsh Government Committee on Promotion of Trade and Investment (2014), and 2015-16 provided evidence to Welsh Government Committee on regional economic modelling, and in 2016 evidence to Hendry Review on Tidal Lagoons.
    • In 2016 joined Welsh Government delegation to Industrial Liaison Programme at MIT.
    • Regular reviewer for journals including Tourism Management, Journal of Rural Studies, Regional Studies, Ecological Economics, European Journal of Ops Management, Energy Policy, Journal of Sustainable Tourism, Geoforum, Urban Studies

Biography

Professor, Cardiff Business School, Economics Section ·

Director: Welsh Economy Research Unit 2000-

  • Deputy Director: Water Research Institute Cardiff University
  • Hon Professor: Aberystwyth University -2019
  • Chair: Regional Studies Association: Wales Section
  • Member Energy Systems Research Institute, Cardiff University
  • Regional Science Association International
  • Higher Education Academy
  • Western Regional Science Association (United States)

Publications

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

Teaching

Current Teaching and Learning: Summary

  • Lead the Business Economics stream within the Economics section of Cardiff Business School
  • Undergraduate teaching on BS3561 Modern Business Enterprise (Module Leader), and BS2560 Managerial Economics. Also postgraduate courses in BST 186 Economics and the Business Environment.
  • Supervise 6-8 MSc dissertations per annum.
  • PhDs. Annum Rafique: Sustainable Intensification in Dairy Farms. Long Zhou: Stamp Duty Land Tax in Wales.
  • Personal tutor to both undergraduate and postgraduate students.
  • Lead examination liaison group for Business Economics schemes and associated quality assurance
  • External examiner Aston Postgraduate programmes on International Business until 2015

 

Recent funded research includes:

2019-2020: Welsh Government. Economic development funding allocations in Wales: Regional indicative budgets, , with Hatch-Regeneris Consulting.

2019-2020: Kronospan: Economic analysis of activity supported by Chirk operations.

2019: IQE Support for Strength in Places Funding Bid,  with Annette Roberts and Robert Huggins

2019: Business Wales: Analysis of Accelerated Growth Programme outcomes

2018-2020: Economic Intelligence Wales: Data analysis and research on SMEs and their role in the Welsh Economy. £225,000. PI with Annette Roberts. Quarterly and Bespoke reporting.

2018: Understanding the implications of global trade and decarbonisation post Brexit.  For Welsh Government.

2018-19: Arcadis (project grant extension). Capturing the wider economic benefits of A465 construction: Socio-economic dashboard. Analysis of socio-economic effects of major road redevelopment at Head of the Valleys and involving close collaboration with Costain.  (with WERU team). Co-1

2017-18: Publishing: An analysis of the regional economy contribution.  For Welsh Books Council, Aberystwyth. 

2017: EU Transition and prospects for Anchors and RICs in Wales.  

2017: The potential economic and regeneration impacts of St David’s – UK City of Culture 2021.  

2017: Economic activity supported by inward investment in Wales.  For Welsh Government.

2016-17: UK Sport, Revision to environmental web pages of eventImpacts website.

2016: Arup, Building resilience in the Wales water sector,  Co-I with Biosciences research team at Cardiff University

2016: ERDF Superfast Broadband Exploitation project, Digital Maturity Survey for Wales, £1.5m PI with WERU team. Annual Digital Maturity Survey report, and Annual Economic Impact Report SFBBE.

2016: Welsh European Funding Organisation. Ex post evaluation of 2007-13 Structural Funding Programme, with Rhys Davies WISERD.

2016: Welsh Local Government Association. Municipal waste: Economic evaluation of activity in the Welsh sector.

2015-17: Welsh Government. The economics of stamp duty land tax in Wales. Research funding for studentship to examine the regional implications of changes on taxes levied by Welsh Government using CGE and IO frameworks. £60,000 PI Max Munday with Kent Matthews and Andy Crawley (WERU).

2015-2017: Ser Cymru National Research Network for Low Carbon Energy & Environment. Consequential Life Cycle of Environmental & Economic Effects of Dairy and Beef Consolidation and Intensification Pathways: CLEANER COWS. Funding for studentship to examine farm consolidation using CGE model framework. £57,000 PI M Munday with K Matthews, A Roberts, A Crawley and C Jones.

2015-16: Welsh European Funding Organisation. Separate evaluations of New Business Starts Programme, and Heritage Tourism Programme, with Old Bell 3 Limited.

2015: Natural Resources Wales. Electricity production on the NRW estate: Review of current subsidy regimes, and socio economic benefits from different electricity generation technologies. Funding for review and analysis to inform NRW plans, July/August 2015

2015: Welsh Government. Review of the Alacrity Programme. With Professor Rob Huggins, CPLAN.

2015: Community Energy Wales. Research to provide a detailed audit of community energy in Wales in 2015, and to describe the evolution of community energy projects in Wales. 

2015: RSM McClure Watters Consulting (PACEC). Economic evaluation of Export Assist Programme in Wales.                                       

2015: RWEnpower.  RWEnpower: Local socio-economic activity supported by energy generation. Analysis of effects related to construction and operation of the Pembroke Dock Power Station. 

2015: National Museums Wales. Assessment of regional economic activity supported by NMW. Analysis based on NMW spending and that of its visitors to separate NMW sites.  

2015: Welsh Government EST. Evaluating Business Usage and Exploitation of Superfast Broadband in Wales: A Review and Recommendations for Metrics and a Digital Dashboard. Research and report for Welsh Government in connection with roll-out of new infrastructure and business exploitation. 

2015: Mineral Products Association. Analysis of the effects associated with aggregates industries in Wales. 

2014-2015: Welsh Government. Economic Impact of Unconventional Gas in Wales, report examining regional effects of different fracturing scenarios. Research with Regeneris UK and AMEC.  

2014: Welsh European Funding Office. ESF Combined Analysis. Longitudinal analysis of three ESF Leavers Surveys in Wales. With Rhys Davies (WISERD), Neil Roche (WERU) and Gerry Makepeace (CARBS)

2014: Cardiff City Council. Employer Engagement – Linking Job Growth, Employment Support and the NEET Agenda in Cardiff. Research on NEETS in Cardiff.  

2014: Welsh European Funding Office (IFF Research, London) European Social Fund Leavers Survey 2013. Analysis of the findings from the survey undertaken by IFF in London. 

2014: Welsh Government General Dynamics UK – Land Systems: Economic effects in Wales of Expansion. Report and advice to Welsh Government and General Dynamics on the local effects associated with proposal for tank manufacturing at Merthyr Tydfil

2014-2017: E C Harris Limited. Capturing the wider economic benefits of A465 construction: Socio-economic dashboard. Analysis of socio-economic effects of major road redevelopment at Head of the Valleys and involving close collaboration with Costain and Carillion. (with WERU team).                         

2014-15: Natural Resources Wales: Linking the Welsh Economy to the Environment. Programme of research for NRW linking to economy effects of environmental interventions, and modelled analyses.

2013: Dwr Cymru Welsh Water: Economic analysis of spending.  Modelled analysis of regional economic effects of spending and prospects of inward investment in water intensive sectors.  

2014: Airbus Defence and Space. Evaluation of activities under Foundation Wales programme. 

2014: Murco Petroleum Limited: An analysis of economic activity dependent on the Murco Oil Refinery in Pembrokeshire. Report for taskforce dealing with potential effects of closure of the facility. 

2014: Welsh Government: NATO Summit Wales 2014 – Economic Impact Study. Analysis of expected tourism effects of the NATO Summit at Celtic Manor. 

2014: Public Policy Institute for Wales: Location and Staffing of the Welsh Government’s Overseas Offices, Think piece prepared for the First Minister for Wales.

2014: Porthcawl Habourside: Analysis of harbourside property development,.

2014: Cardiff University/Welsh Government: Economic evaluation; review of the proposal to establish a Compound Semiconductor Foundation with IQE Limited Newport.

2014: Welsh European Funding Office (through OB3 Limited): Ex ante evaluation of Ireland-Wales Interreg Programme. 

2013-14: Natural Resources Wales. River Wye Restoration Options. Examination of costs and benefits associated with different management options for upper Wye catchment. (with Cardiff University Biosciences, Dr Ian Vaughan et al.)

2013-14: Natural Resources Wales. Economic advice relating to ecosystem services, and general economic research for merged organisation.

2013: Tidal Lagoon Power Limited. Economic effects associated with construction and operation of schemes. Report focused on expected socio-economic effects of planned Swansea barrage. 

2013: Welsh Government. Marine renewables economic impact analysis, with Regeneris Consulting and WERU team.

2012-2013: Welsh Government. Energy Sector Employment Multipliers study, £46,400, with WERU team and Regeneris Consulting.

2012-13: Renewable UK. Economic impact of inshore wind in Wales,  with Regeneris Consulting and WERU.

2012-13: Welsh European Funding Office. Ex-Ante Evaluation of Structural Funding in Wales 2014-2020. With Oldbell3 and others.

2012-14: Cadw, Visit Wales, Capital Regional Tourism. Monitoring and evaluation framework for Environment for Growth (ERDF) projects”.  Second phase of research to monitor and evaluate E4G projects across Wales. Includes development of web resources to support project managers in undertaking surveys to support evaluation, and analysis to examine environmental effects of tourism in Wales.  

2012-14 Countryside Council for Wales “Monitoring and evaluation framework for Environment for Growth (ERDF) projects”,  Evaluation of CCW E4G Coastal Path projects and monitoring of outcomes.

2012-14: “Evaluation of the P5T1 Physical Regeneration in North Wales Project,” research for Welsh Assembly Government.

2012-13: “Linking the Welsh Economy to the Environment” research programme with Environment Agency Wales examining water valuation, metal mine remediation, policy evaluation and specific programme analysis.

2012-13: “Research assistance with Economic Model of COMAH sites”, research for Health and Safety Laboratories.