Our work

Economics at Liverpool has a very long tradition, stretching back over 100 years to the appointment of its first Professor of Economic Science, Sir Edward Gonner, in 1891. Our main fields in economics are health, development, financial markets, industrial organization, entrepreneurship, international economics and macroeconomics.

Econometrics has been a prominent strength at Liverpool in the past and currently. Fields of research include econometric theory, financial econometrics, time series analysis and forecasting, panel data analysis, applied econometric analysis and so on.

Ruijun Bu

Dr Ruijun Bu’s main research interests are in the areas of financial econometrics, quantitative finance, and time series analysis. Dr. Bu is particularly interested in nonparametric and semiparametric methods for modelling nonlinear and non-Gaussian continuous-time stochastic processes with applications to financial forecasting and financial derivatives pricing. Dr. Bu has held research grants from several funding bodies including the British Academy, the Leverhulme Trust, the ESRC and the European Science Foundation. Dr. Bu has publications in Journal of Financial Econometrics, International Journal of Forecasting, Journal of Time Series Analysis, Econometrics Journal, Studies in Nonlinear Dynamics and Econometrics, Economic Modelling, Journal of International Financial Markets, Institutions and Money, etc.

Brendan McCabe

Prof. Brendan McCabe is interested in topics in Time Series analysis and Econometrics, in general. Currently Prof. McCabe is working on (1) models with structural breaks and the ability to identify the correct break location should one occur (2) integer valued time series with particular emphasis on forecasting very large numbers of series simultaneously (3) Bayesian methods in the situation where the likelihood is not tractable and forecasting is the main objective of the analysis. Prof. McCabe’s publications appear in Journal of the Royal Statistical Society: Series B, Econometric Theory, International Journal of Forecasting, Journal of Time Series Analysis, Statistics in Medicine, etc. 

Juan De Dios Tena Horrillo

Dr J.D. Tena is a Senior Lecturer in Sports Business and Management. He has a BA in Economics and a Master from Universidad Carlos III. He gained his PhD from University of Newcastle Upon Tyne in 2004. After holding a post-doctoral position at the University of Tel Aviv (Israel), he has worked for the Universidad de Concepción (Chile), Università di Sassari (Italy) and Universidad Carlos III (Spain). He has also served as a forecasting analyst for Instituto Flores de Lemus (Spain). His research mainly focuses on applied econometrics. He is especially interested in the quantitative analysis of economic behaviour and in the use of sport economics as an experimental field to analyse human reactions to different incentive schemes. He has published intensively on different sport related topics such as, for example, causes and consequences of football managers dismissals, competitive balance in football leagues, identification of key matches in international football tournaments, effects of migrant labour on the productivity of domestic basketball players and the distribution of medals at the Olympic Games. Dr. Tena’s publications appear in European Journal of Operational Research, International Journal of Forecasting, Journal of the Operational Research Society, Journal of Quantitative Analysis in Sports, Journal of Applied Statistics, etc.

Gareth Liu-Evans

Dr Liu-Evans' research interests are in econometrics, statistical learning, and financial econometrics.  He has investigated analytical and computational methods to reduce estimation bias, and has work in progress relating to lasso methods and high dimensional modeling. A substantial part of his work has been computational, making use of the Advanced Research Computing facilities at the University of Liverpool.  He has published in the following journals: Computational Statistics and Data Analysis, Econometrics and Statistics, and Journal of Time Series Econometrics.

Michael Ellington

Dr Michael Ellington is currently working on Bayesian nonlinear models with applications to economic and financial time series. His current projects include: examining the economic impact of liquidity conditions in the financial sector; investigating the relative benefits of theoretically consistent measures on money; and assessing structural breaks within the labour market. Dr Ellington’s publications appear in Journal of Banking and Finance andJournal of International Financial Markets, Institutions and Money.

Robert Edwards

Dr. Rob Edwards’s research interests fall broadly within Industrial Economics, Microeconomic Theory and Game Theory, with applications for competition policy and regulation. Specifically, Dr. Edwards focuses on price and non-price competition in retail markets, and the implications of incomplete information for competition. Recent work includes: (1) Investigating firms' incentives to obfuscate product information when consumers exhibit behavioural biases, (2) Investigating the consequences of incomplete information amongst both firms and consumers. Dr. Edwards has presented work at international conferences held in UK, Hungary, Germany and Russia. 

Xi Fu

Dr. Xi Fu’s research interests are in the areas of empirical asset pricing, risk management, and applied financial econometrics. Dr. Fu is particularly interested in the information contents of various financial and non-financial data and their predictabilities on the financial markets. Dr. Fu’s research relies heavily on cutting-edge econometric and statistical methods for analysing data (i.e. extracting information and testing predictability) typically in large cross sections. Dr. Fu’s currently projects are on the questions of (1) how to extract forward-looking information embedded in financial derivatives markets for explaining or predicting asset returns and (2) how to explain or predict the tail risks of financial assets (e.g., price crash risks). Dr. Fu has published in Journal of Futures Markets and Journal of Derivatives.