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Kul Luintel

Professor Kul Luintel

Head of the Economics Section, Professor of Economics

Cardiff Business School

+44 29208 75534
Aberconway Building, Room S09, Colum Road, Cathays, Cardiff, CF10 3EU


Kul Luintel joined Cardiff Business School (CARBS) as a Professor of Economics in September 2006. Before joining CARBS, he held professorial positions at Swansea and Brunel Universities.

Kul is the current Head of the Economics Section (Department), and a member of Management Board of CARBS. This is his second stint as the Head of Economics at CARBS. He also headed the Economics Section during 2012-2015. He is an ex- officio member of CHUDE (Conference of Heads of UK Departments of Economics). He also served as a member of CHUDE during 2012-2015, and a member of the CHUDE executive committee during 2014-2016. He served as the Senior Rep to the Research Committee of CARBS during 2008-2013, which was responsible for the REF (Research Excellence Framework) submission in 2014.

Kul was one of the named REF Gurus of CARBS for REF-2014. He played significant roles in developing the research impact cases and research environment documents of CARBS, as well as moderating other school’s REF related documents.

His general research interests include R&D, Innovations, Knowledge Diffusion; Endogenous Growth; Macroeconomics: DSGE models; Finance and Growth; FOREX Market Efficiency; Regional Growth, Inequality and Convergence; Applied Time series & Panel Data Econometrics.

His research outlets include, among others, The Economic Journal; The Review of Economics and Statistics; Journal of Money, Credit and Banking; Research Policy; Journal of Development Economics; Economica; Canadian Journal of Economics; Journal of Applied Econometrics; Oxford Bulletin of Economics and Statistics; Journal of Economic Behaviour and Organisation; Journal of International Money and Finance; Economics Letters; The Journal of Financial Research; Journal of Macroeconomics; Journal of International Financial Markets, Institutions and Money.

He is a member of the Royal Economic Society, American Economic Association, European Economic Association, Canadian Economics Association, Money, Macro and Finance Group, and Beta Gamma Sigma, an Honour Society. Kul received his MPhil (1990) and PhD (1993) from Glasgow University.





















PhD supervision research interests

  • CEO compensation and firm performance
  • Empirical (econometric) work using time series and panel data econometrics
  • Event studies
  • Exogeneity of money; spot and forward market efficiency
  • Financial policies, financial sector development and economic growth
  • Financial sector development and economic growth
  • Financial structure and economic growth
  • Fiscal integration and fiscal solvency; Real Exchange Rate Behaviour
  • International fisher effect
  • Knowledge spillovers and endogenous growth; knowledge and productivity
  • Modelling company cash holding
  • Modelling exchange rate behaviour
  • Modelling ideas production
  • Purchasing power parity
  • Stockmarket anomalies

Research interests

  • Applied econometrics
  • Banking productivity
  • Block trade
  • Executives' option
  • Exogeneity of money
  • Financial development, financial structure and economic growth
  • Fiscal integration and fiscal solvency
  • Ideas production, knowledge spillovers and endogenous growth
  • International finance: Fisher relationship, spot & forward markets
  • R& D and productivity
  • Real exchange rate behaviour


Teaching commitments

  • Advanced financial theory
  • Development finance
  • Econometrics/Advanced econometrics
  • Financial theory and corporate policy
  • Financial markets and instruments
  • International finance
  • Macroeconomics and models of economic growth


Professional memberships

  • American Economic Association
  • Canadian Economics Association
  • Royal Economic Society
  • Southern Economic Association