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Dr Peng Zhou

Dr Peng Zhou

Senior Lecturer in Economics

Cardiff Business School

+44 (0)29 2068 8778
D47, Aberconway Building, Colum Road, Cathays, Cardiff, CF10 3EU
Media commentator
Available for postgraduate supervision

With a first-class degree in Philosophy at Peking University (北京大学) and an MSc in Economics and Finance at the University of York, I started my career in a consulting company, providing legal and financial advice for the government and businesses in infrastructure projects, such as power plants, water plants, sewage treatment plants, highways, and undergrounds. I left the company in 2007 to pursue my PhD in Economics at Cardiff University, focusing on macroeconomic DSGE modelling and applied microeconomics. Quantitative modelling and data analysis are my specialties. 

After obtaining my PhD in 2012, I started my academic career as a lecturer in Economics and Finance at Cardiff Metropolitan University until 2016, and I was a guest lecturer at Cardiff University during the same time. In 2016, I formally joined Cardiff University (Economics Section, Cardiff Business School) and I am now a senior lecturer in Economics. 

My research in macroeconomics, entrepreneurship and policy evaluation has been published in specialised books and peer-reviewed journals such as Reginal Studies, Economic History Review, Applied Economics, Journal of Evolutionary Economics, The Manchester School and Journal of Consumer Behaviour. 

Meanwhile, I keep a close connection with the industries, providing consultancy for, Ausnutria Dairy Co., Ltd and Peril Capital Ltd. I also contributed to the quantitative evaluation of the Welsh government’s Independent Living Adaptation scheme in 2014 and investigating the health needs of the homeless in 2016 (jointly with Shelter Cymru). My published article on international trade has attracted a wide attention in the British government, and was invited to present my findings at the House of Parliament in Feb 2015. I also write commentary articles for Oxford Analytica, with a wide readership ranging from United Nations to multinational businesses.

Download my CV in English or in Chinese.

Education and Qualifications

  • PhD Economics, Cardiff University, 10/2007-03/2012
  • MSc Economics and Finance, York, 10/2005-09/2006
  • BA Philosophy & BSc Economics (Dual), Peking University (北京大学), 09/2001-07/2005

Honours and awards

  • 2017: The Innovation in Learning and Teaching Award, Cardiff Business School.
  • 2012: Chinese Government Award for Outstanding Self-Financed Students Abroad.
  • 2008-2011: Overseas Research Students (ORS) Awards Scheme, HEFCW.
  • 2007-2011: Julian Hodge Macroeconomic Study Bursary, Julian Hodge Bank, UK.

Professional memberships

  • WSET Level 2 Award in Wines and Spirit Tasting (2018)
  • Fellowship of The Higher Education Academy, since 2013 (via PgC THE)
  • Membership of The American Economic Association since 2016
  • Membership of The European Economic Association since 2014
  • Membership of The Royal Economic Society since 2011

Academic positions

  • 2012-2016: Lecturer in Economics and Finance, Cardiff Metropolitan University.

Speaking engagements

  • External Examiner: undergraduate and postgraduate economics programmes at University of Nottingham, Kingston
    University London, University of East London, and University of Pretoria (South Africa).
  • Guest Lectures at Beijing Jiaotong University (24.06.2019), Xiamen University (15.04.2019), Southeast University
    (06.09.2018), Harbin Institute of Technology (03.09.2018), National Tsinghua University (10.04.2018), Dongbei University of Finance and Economics (23.03.2018), University of International Business and Economics (22.03.2018),
    Capital University of Economics and Business (18.03.2018), Oxford University (20.10.2015), Hunan University
    (10.04.2015), Nottingham Trent University (05.03.2014).
  • Public Engagement: ITV (08.07.2019), The House of Parliament (22.02.2015).

Committees and reviewing

  • Referee for the ESRC research fund application, Journal of Financial Markets, Institutions and Money, Socio-Economic
    Planning Sciences, Applied Economics, Economic Modelling, Quarterly Review of Economics and Finance, International
    Review of Entrepreneurship, Strategic Change, Economic Issues, Research in Social Stratification and
    Mobility, and Ekonomska Istraživanja.












Teaching commitments

For more information, please go to my website.

Research Interests

  • Macro Topics: Economic Growth, Business Cycles, Inequality
  • Micro Topics: Innovation and Entrepreneurship, Culture and Institutions, Labour Economics
  • Economic Modelling: DSGE Modelling, CGE Modelling, Agent-Based Modelling
  • Econometric Modelling: Applied Microeconometrics, Applied Macroeconometrics

    Research Projects

    • 2018-2021, Optimal Fiscal Policy in China (最优财政支出规模与结构的理论分析及基于中国数据的实证研究), with Dr Xiaodong Chen (XJTU), ¥200,000 funded by The National Social Science Fund of China, grant number: 18BJL031.
    • 2018-2021, Technical Progress and Job Creation and Income Inequality (技术进步对岗位创造、收入不平等的影响:基于职位数据和DSGE的分析与预测), with Qiang Wu (UIBE), ¥100,000 funded by The Ministry of Education of China, grant number: 19YJA790089.
    • 2018-2021, Public Service and Economic Development (公共服务均等化对武陵山片区经济发展的影响机制与实证研究), with Li Dai (Hunan University), ¥40,000 funded by The Natural Science Fund of Hunan Province, grant number: 2018JJ2067.
    • 2016-2017: Research Grant for investigating the health needs of the homeless, joint research project with Shelter Cymru, commissioned by Cymorth Cymru.
    • 2016: Research Grant for investigating the economic effects of income tax devolution in Wales, comissioned by Peril Capital.
    • 2014-2015: Research Grant for economic evaluation of Independent Living Adaptations, joint research project with Shelter Cymru (£38,110), commissioned by Welsh Government.

    For more information, please go to my website.

    • Economic Growth
    • Business Cycles
    • Financial Economics

    Current supervision

    Edward Pearce Gould

    Research student

    Wenyan Zou

    Research student

    Past projects

    • Supervisor (100%) for Nancy Youssef on the effect of board structure on mutual funds in Egypt (awarded 2016)
    • Supervisor (100%) for Tarek Elbakly on comparative benefits of exchange rate operating exposure (awarded 2018)
    • Co-Supervisor (50%) for Nikos Tzivanakis on determinants of institutional quality in Europe (awarded 2018)
    • Co-Supervisor (50%) for Xuanyang Zhang on trend inflation, nominal rigidity and optimal monetary policy (awarded 2018)
    • Co-Supervisor (50%) for Jiayi Huang on Chinese firm-bank switching behaviour (awarded 2019)