C. PAUL HALLWOOD
Ph.D.,
M. Sc., B.Sc.
RESUME,
CURRICULUM VITAE, VITA, CV
Professor of Economics,
August 2007
Department of Economics
U-Box 6300
341,
|
Tel: (860) 434-1064 |
Photograph 2007
Professor Paul Hallwood has published seven books and about
sixty papers in refereed journals, including in the Quarterly Journal of Economics, the Journal of Monetary Economics, the Journal of Legal Studies, Explorations in Economic History, World
Development, International Affairs, Emerging Markets Review, Ecological
Economics, Scottish Journal of Political Economy, Marine Resource Economics, Ocean
Development and International Law and the Southern Economic Journal. His longstanding research interests are
in international economics with papers in the four main fields of international
trade, international finance, the multinational corporation, and international
political economy. A more recent research interest is in the economics of the
oceans, with papers published on the law and economics of historic shipwrecks,
wetland mitigation banking, ocean-space delimitation, and marine protected
areas. Professor Hallwood has also been involved in research on fiscal
federalism and fiscal autonomy for
Research interests:
·
International Economics: historical
episodes of pegged exchange rate regimes; optimum currency areas; economics of
multinational corporations; economics of international commodity markets.
·
International Political Economy: historical
sequences in international political organization; international oil industry; global
economy.
·
Public Finance: fiscal federalism in a British
context.
·
Economics of the Oceans: offshore oil
exploitation; marine parks; historic shipwrecks; coastal wetlands restoration, ocean-space
delimitation
Teaching interests:
·
Economic of
the Global Economy
·
International
Finance
·
International
Trade
·
Economics of
Organization
·
Economics of
the Oceans
·
American
Economic History
Publications by category
1)
International
Finance
BOOK: INTERNATIONAL MONEY AND FINANCE, Third Edition (with Ronald MacDonald),
Blackwell,
BOOK: INTERNATIONAL MONEY AND FINANCE, Second Edition (with Ronald MacDonald),
Blackwell,
BOOK:
INTERNATIONAL MONEY: THEORY, EVIDENCE AND
INSTITUTIONS (with Ronald MacDonald), Blackwell,
"Realignment Expectations and the US Dollar:
Was there a Peso Problem?" (with Ronald MacDonald and Ian Marsh). Journal
of Monetary Economics, 46, 2000, 605-620.
"Crash! Expectational Aspects of the
"Credibility and Fundamentals: Were the
Classical and Inter-War Gold Standards Well-Behaved Target Zones?" (with
Ronald MacDonald and Ian Marsh), in Modern
Perspectives on the Gold Standard, (edited by T. Bayoumi, B. Eichengreen,
and M.P. Taylor), Cambridge University Press, Cambridge, England, 1996.
"An Assessment of the Causes of the
Abandonment of the Gold Standard by the
"Exchange Market Pressure on the Pound-Dollar Exchange Rate, 1925-1931", North American Journal of Economics and Finance. Vol 15 (2), 2004.
“An Assessment of the Case for
Monetary
"Economic Shocks and Choice
of Currency Area: the Case of
"Did Impeding War in Europe
Help Destroy the Gold Bloc in 1936? An Internal Inconsistency Hypothesis"
Working Paper 2007-23,
"The Exchange Rate-Investment Nexus and Exchange Rate Instability: Another Reason Why Japan is Right to Manage the Yen/Dollar Exchange Rate", Working Paper 2007-22, University of Connecticut, Department of Economics, May 2007.
“Target Zones and International Monetary Reform", Keio Economic Studies, 33 (2), 1996, 47-61.
“Real Exchange Rate Behavior and Resource Allocation in the Visegrad Four”, in Central Europe Toward Monetary Union: Macroeconomic Underpinnings and Financial Reputation edited by Rod Cross and Ronald MacDonald, Kluwer Academic Publishers, 2001, Boston.
"A
Method for Indicating Economic Transition: with an application to
"On Equilibrium Exchange Rates in the
Visegrad Four: Theory and Evidence" (with Ronald MacDonald), EMERGO, Journal of Transforming Economies and
Societies, EMERGO, 4 (4), autumn 1997, 64-73.
2)
Fiscal
federalism and fiscal autonomy
BOOK: FISCAL FEDERALISM (with Ronald MacDonald), Fraser of Allander Institute, Glasgow, 2004, pp 74.
“A Restatement of the Case for Scottish Fiscal Autonomy (Or, The Barnett Formula – A Formula for a
Rake’s Progress)”, with Ronald
MacDonald, Quarterly Economic Commentary,
31/2, October 2006. Also published as
"The Economic
Case for Scottish Fiscal Autonomy: with or without
“Fiscal Autonomy for
“The Economic Case for Fiscal Federalism” (with Ronald MacDonald), in New Wealth for Old Nations, Diane Coyle, Wendy Alexander and Brian Ashcroft editors, pp 96-118, Princeton University Press, Princeton, NJ, 2005.
3)
Multinational corporations and the theory of the
firm
BOOK:
TRANSACTION COSTS AND TRADE BETWEEN
MULTINATIONAL CORPORATIONS, Unwin-Hyman,
"On Choosing Organizational
Arrangements: The Examples of Offshore
Oil Gathering", Scottish Journal of
Political Economy, 38 (3), August 1991, 227-241.
"An Observation on the Transaction Cost
Theory of the (Multinational) Firm: Reply",
Journal of Institutional and Theoretical Economics, 153 (4), 682-687,
December 1997.
"Competencies as Private Information: An
Efficient Capital Asset Pricing Theory of the Firm", Journal of Institutional and Theoretical Economics, 153(3),
532-544, September 1997.
"A Market in Action: Fuzzy Information and
Trade-offs Between Operating Rules in the Invited Tender-Bid Auction", Journal of Economic Studies, vol 23, No.
3, 1996.
"A Reconsideration of the Theory of the
Multinational Corporation", Keio
Economic Studies, 1995, 31 (2), 1-11.
"Network-Trading Between Multinational
Corporations and Barriers to Entry to Host Country
"An Observation on the Transaction Cost
Theory of the (Multinational) Firm", Journal
of Institutional and Theoretical Economics, 1994, 150 (2), June, 351-62
"Transnational Corporations and Industrial
Diversification: The Case of the Offshore Oil Supply Industry", Transnational Corporations, 2 (1), 1993,
91-110.
"Perceptions of Market Efficacy, Transaction
Costs, and Vertical Integration in Offshore Oil Gathering", Journal of Economic Studies, 19 (3),
1992, 37-50.
"Foreign Ownership and Industrial
Organization in the Scottish Offshore Oil Supply Industry", Journal of Energy and Development, 14
(2), 1991, 221-36.
"Organizing Production in Offshore Oil
Gathering: the Measurement Cost Perspective" Journal of Institutional and Theoretical Economics, 146 (4),
December 1990, 576-93.
"Host Regions and the Globalization of the
Offshore Oil Supply Industry: The Case of
"Ownership Patterns and Long Term Prospects
for the
The
Offshore Oil Supply Industry in Aberdeen: The Affiliates – their
characteristics and importance,
North Sea Study Occasional Paper No. 23, March 1986
4)
Oceans
and environmental economics
“Murky Waters: The Law and Economics of Salvaging Historic Wrecks”, with Tom Miceli, Journal of Legal Studies, 35 (2), 285-302, June 2006.
“Contractual Difficulties in Environmental Management: The Case of Wetland Mitigation Banking”, Ecological Economics, Volume 63, Issues 2-3, 1 August 2007, Pages 446-451, Ecological Economics of Coastal Disasters - Coastal Disasters Special Section.
"Economic Analysis of the Legal Regimes Governing Salvage of Historic Shipwrecks", with Tom Miceli. Ocean Development and International Law, 36 (4). October-December, 2005, pp 323-344.
"Marine Protected Areas, Optimal Policing and Optimal Rent Dissipation”, Marine Resource Economics, 19 (4), 481-93, 2004.
“A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production”, Energy Policy, 35, 5077-5079, 2007.
"The Benefits of
“An economic analysis of drawing lines in the sea”, Working
Paper 2007-21, May, 2007, Department of Economics,
5)
Commodity economics
BOOK STABILIZATION OF INTERNATIONAL
COMMODITY MARKETS, JAI Press,
"The Determination of Optimum Buffer Stock
Rules", (with Ronald. Edwards), The
Quarterly Journal of Economics, February 1980, 94 (1), 151-166.
"Interactions Between Private Speculation
and Buffer Stock Agencies in Commodity Price Stabilization", World Development, 5 (4), 349-353.
"On the Efficiency of the
"External Economy Arguments for Commodity
Stockpiling: A Review", Bulletin of
Economic Research, 38 (1), 1986, 25-41.
"Market Efficiency, Filter Rules and Buffer
Stock Profitability", Resources
Policy, 11 (3), September 1985, 191-99.
"Instability in the Terms of Trade of
Primary Producers", OPEC Review,
Spring 1984, 8 (1), 49-62.
6)
International oil industry
BOOK:
OIL, DEBT AND DEVELOPMENT: OPEC IN THE
THIRD WORLD, (with Stuart W. Sinclair), George Allen and Unwin,
"OPEC's Developing Relations with the
"A Note on OPEC's Trade with the Non-Oil
Less Developed Countries", Arab
Journal of the Social Sciences 3, (2), 324 - 333, October 1988.
"Labor Migration and Remittances Between
OPEC Members and Non-Oil Ldcs", Middle
East Review, XIX, No.3, Spring, 1987, pp. 39-48.
"The Non-Oil Developing Countries and OPEC:
Coalition or Conflict", Intereconomics,
No.6, November/December 1984, 290-296.
"An Interpretation of the Economic
Relationships Between OPEC and the Non-Oil Ldcs During the 1970s", (with
Stuart W. Sinclair), OPEC Review, 3,
Autumn 1981, 79-97.
"Oil Prices and
"OPEC's