Professor Emeritus Ron Smith

Article

• Pesaran, M.H. and Smith, Ron P. (2023) Arbitrage pricing theory, the stochastic discount factor and estimation of risk premia from portfolios. Econometrics and Statistics 26, pp. 17-30. ISSN 2452-3062.
• Smith, Ron P. and Chen, Xiaohong and Wohlfarth, Paul (2021) China's money demand in a Cointegrating Vector Error Correction Model. Journal of Asian Economics 75 (101338), ISSN 1049-0078.
• Anand, P. and Roope, L.S.J. and Culyer, A.J. and Smith, Ron P. (2020) Disability and multidimensional quality of life: a capability approach to health status assessment. Health Economics 29 (7), pp. 748-765. ISSN 1099-1050.
• Smith, Ron P. (2020) Government debt, deficits and interest rates 1870-2016. Advances in Econometrics 43A, pp. 323-340. ISSN 0731-9053.
• Smith, Ron P. (2020) Debt, deficits and defence: the UK experience 1700-2016. Defence and Peace Economics 31 (4), pp. 414-422. ISSN 1024-2694.
• Smith, Ron P. and Dunne, J.P. (2020) Military expenditure, investment and growth. Defence and Peace Economics 31 (6), pp. 601-614. ISSN 1024-2694.
• Smith, Ron P. and Akhmadieva, Veronika (2019) The macroeconomic impact of the euro. Scientific Annals of Economics and Business 66 (SI2), pp. 229-242. ISSN 2501-3165.
• Aksoy, Yunus and Basso, H.S. and Smith, Ron P. and Grasl, Tobias (2019) Demographic structure and macroeconomic trends. American Economic Journal: Macroeconomics 11 (1), pp. 193-222. ISSN 1945-7707.
• Pesaran, M.H. and Smith, Ron P. (2018) A Bayesian analysis of linear regression models with highly collinear regressors. Econometrics and Statistics 11, pp. 1-21. ISSN 2452-3062.
• Smith, Ron P. and Dunne, J.P. (2018) Issues in the quantitative analysis of the SIPRI arms industry database. The Economics of Peace and Security Journal 13 (2), ISSN 1749-852X.
• Pesaran, M.H. and Smith, Ron P. (2017) Tests of policy interventions in DSGE models. Oxford Bulletin of Economics and Statistics 80 (3), pp. 457-484. ISSN 0305-9049.
• Aksoy, Yunus and Basso, H. and Smith, Ron P. (2017) Medium-run implications of changing demographic structures for the macro-economy. National Institute Economic Review 241 (1), pp. R58-R64. ISSN 279501.
• Cavatorta, Elisa and Smith, Ron P. (2017) Factor models in panels with cross-sectional dependence: an application to the extended SIPRI military expenditure data. Defence and Peace Economics 28 (4), pp. 437-456. ISSN 1024-2694.
• Smith, Ron P. (2016) Military expenditure data: theoretical and empirical considerations. Defence and Peace Economics 28 (4), pp. 422-428. ISSN 1024-2694.
• Aksoy, Yunus and Henrique, Basso and Smith, Ron P. (2016) Demografie bremst Wirtschaft. Die Volkswirtschaft 89 (11), pp. 14-19. ISSN 1011-386X.
• Bove, V. and Elia, L. and Smith, Ron P. (2016) On the heterogeneous consequences of civil war. Oxford Economic Papers 69 (3), pp. 550-568. ISSN 0030-7653.
• Garcia-Alonso, M.D.C. and Levine, P. and Smith, Ron P. (2016) Military aid, direct intervention and counterterrorism. European Journal of Political Economy 44, pp. 112-135. ISSN 0176-2680.
• Hashem Pesaran, M. and Smith, Ron P. (2016) Counterfactual analysis in Macroeconometrics: an empirical investigation into the effects of quantitative easing. Research in Economics 70 (2), pp. 262-280. ISSN 1090-9443.
• Anand, P. and Gray, A. and Liberini, F. and Roope, L. and Smith, Ron P. and Thomas, R. (2015) Wellbeing over 50. The Journal of the Economics of Ageing 6, pp. 68-78. ISSN 2212-828X.
• Dees, S. and Pesaran, M.H. and Smith, V. and Smith, Ron P. (2014) Constructing multi-country rational expectations models. Oxford Bulletin of Economics and Statistics 76 (6), pp. 812-840. ISSN 0305-9049.
• Smith, Ron P. (2014) The economic costs of military conflict. Journal of Peace Research 51 (2), pp. 245-256. ISSN 0022-3433.
• Pesaran, M.H. and Smith, Ron P. (2014) Signs of impact effects in time series regression models. Economics Letters 122 (2), pp. 150-153. ISSN 0165-1765.
• Koop, G. and Pesaran, M.H. and Smith, Ron P. (2013) On identification of Bayesian DSGE models. Journal of Business & Economic Statistics 31 (3), pp. 300-314. ISSN 0735-0015.
• Smith, Ron P. (2013) The defense industry in an age of austerity. Economics of Peace and Security Journal 8 (1), pp. 18-22. ISSN 1749-852X.
• Smith, Ron P. and Tasiran, A. (2012) The onset of peace. Economics of Peace and Security Journal 7 (1), pp. 5-14.
• Pesaran, M.H. and Smith, Ron P. (2011) Beyond the DSGE straitjacket. The Manchester School 79, pp. 5-16. ISSN 1463-6786.
• Smith, Ron P. and Tasiran, A. (2010) Random coefficients models of arms imports. Economic Modelling 27 (6), pp. 1522-1528. ISSN 0264-9993.
• Dunne, J.P. and Smith, Ron P. (2010) Military expenditure and Granger causality: a critical review. Defence and Peace Economics 21 (5), pp. 427-441. ISSN 1024-2694.
• Pesaran, M.H. and Smith, Ron P. and Yamagata, T. and Hvozdyk, L. (2009) Pairwise tests of purchasing power parity. Econometric Reviews 28 (6), pp. 495-521. ISSN 0747-4938.
• Dees, S. and Pesaran, M.H. and Smith, L.V. and Smith, Ron P. (2009) Identification of new Keynesian Phillips curves from a global perspective. Journal of Money, Credit and Banking 41 (7), pp. 1481-1502. ISSN 0022-2879.
• Smith, Ron P. (2009) EMU and the Lucas critique. Economic Modelling 26 (4), pp. 744-750. ISSN 0264-9993.
• Smith, Ron P. and Zoega, Gylfi (2009) Keynes, investment, unemployment and expectations. International Review of Applied Economics 23 (4), pp. 427-444. ISSN 0269-2171.
• Smith, Ron P. (2009) Real-financial interactions in macro-finance models. Quantitative and Qualitative Analysis in Social Sciences 3 (1), pp. 1-20. ISSN 1752-8925.
• Zoega, Gylfi and Smith, Ron P. (2009) Keynes, investment, unemployment and the labour market. International Review of Applied Economics 23 (4), pp. 427-444. ISSN 0269-2171.
• Dunne, J.P. and Perlo-Freeman, S. and Smith, Ron P. (2008) The demand for military expenditure in developing countries: hostility versus capability. Defence and Peace Economics 19 (4), pp. 293-302. ISSN 1024-2694.
• Smith, Ron P. and Zoega, Gylfi (2008) Global factors, unemployment adjustment and the natural rate. Economics 22, ISSN 1864-6042.
• Pesaran, M.H. and Smith, L.V. and Smith, Ron P. (2007) What if the UK or Sweden had joined the Euro in 1999? An empirical evaluation using a global VAR. International Journal of Finance and Economics 12 (1), pp. 55-87. ISSN 1076-9307.
• Boyd, Derick and Smith, Ron P. (2007) Institutions and inflation persistence in the Caribbean. Applied Economics Letters 14 (4), pp. 283-286. ISSN 1350-4851.
• Dunne, P. and del Carmen García‐Alonso, M. and Levine, P. and Smith, Ron P. (2007) Determining the defence industrial base. Defence and Peace Economics 18 (3), pp. 199-221. ISSN 1024-2694.
• Smith, Ron P. (2007) Valuing defense. Public Finance and Management 7 (3), pp. 242.
• Smith, Ron P. and Zoega, Gylfi (2007) Global unemployment shocks. Economics Letters 94 (3), pp. 433-438. ISSN 0165-1765.
• Boyd, Derick and Smith, Ron P. (2006) Monetary regimes and inflation in 12 Caribbean economies. Journal of Economic Studies 33 (2), pp. 96-107. ISSN 0144-3585.
• Coakley, J. and Fuertes, Ana-María and Smith, Ron P. (2006) Unobserved heterogeneity in panel time series models. Computational Statistics & Data Analysis 50 (9), pp. 2361-2380. ISSN 0167-9473.
• Dunne, P. and García-Alonso, M. and Levine, P. and Smith, Ron P. (2006) Managing asymmetric conflict. Oxford Economic Papers 58 (2), pp. 183-208. ISSN 0030-7653.
• Pesaran, M.H. and Smith, Ron P. (2006) Macroeconometric modelling with a global perspective. The Manchester School 74 (1), pp. 24-49. ISSN 1463-6786.
• Boyd, B. and Smith, Ron P. (2005) The Marshall-Lerner condition and the J-Curve Effect: balance of payments adjustment in the Caribbean. Caribbean Dialogue 10 (2), pp. 31-46.
• Dunne, J.P. and Nikolaidou, E. and Smith, Ron P. (2005) Is there an arms race between Greece and Turkey?. Peace Economics, Peace Science, and Public Policy 11 (2), pp. 1-37. ISSN 1554-8597.
• Dunne, P. and Smith, Ron P. and Willenbockel, D. (2005) Models of military expenditure and growth: a critical review. Defence and Peace Economics 16 (6), pp. 449-462. ISSN 1024-2694.
• Smith, Ron P. and Anand, P. and Hunter, G. (2005) Capabilities and well-being: evidence based on the Sen–Nussbaum approach to welfare. Social Indicators Research 74 (1), pp. 9-55. ISSN 0303-8300.
• Smith, Ron P. and Tasiran, Ali (2005) The demand for arms imports. Journal of Peace Research 42 (2), pp. 167-182. ISSN 0022-3433.
• Dunne, J.P. and Nikolaidou, E. and Smith, Ron P. (2002) Military spending, investment and economic growth in small industrialising economies. South African Journal of Economics 70 (5), pp. 789-790. ISSN 1813-6982.
• Smith, Ron P. (2002) Comments on 'the state of macroeconomic forecasting'. Journal of Macroeconomics 24 (4), pp. 491-493. ISSN 0164-0704.
• Boyd, D. and Caporale, G. and Smith, Ron P. (2001) Real exchange rate effects on the balance of trade: cointegration and the Marshall–Lerner condition. International Journal of Finance and Economics 6 (3), pp. 187-200. ISSN 1076-9307.
• Chen, Y. and Smith, Ron P. (2001) Equilibrium cost overruns. Annals of Economics and Finance 2 (2), pp. 401-414. ISSN 1529-7373.
• Coakley, Jerry and Fuertes, A.-M. and Smith, Ron P. (2001) Between-group dependence in PPP equations and its causes: a principal components approach. Computing in Economics and Finance 140,
• Coakley, Jerry and Fuertes, A.-M. and Smith, Ron P. (2001) Small sample properties of panel time-series estimators with I(1) errors. Computing in Economics and Finance 191,
• Smith, Ron P. (2001) The international arms industry since the end of the cold war. World Economics 2 (3), pp. 155-166. ISSN 1468-1838.
• Smith, Ron P. and Udis, B. (2001) New challenges to arms export control: whither Wassenaar?. The Nonproliferation Review 8 (2), pp. 81-92. ISSN 1073-6700.
• Levine, P. and Mouzakis, F. and Smith, Ron P. (2000) Arms export controls and emerging domestic producers. Defence and Peace Economics 11 (3), pp. 505-531. ISSN 1024-2694.
• Levine, P. and Smith, Ron P. (2000) The arms trade game: from laissex-faire to a common defence policy. Oxford Economic Papers 52 (2), pp. 357-380. ISSN 0030-7653.
• Smith, Ron P. (2000) Unit roots and all that: the impact of time-series methods on macroeconomics. Journal of Economic Methodology 6 (2), pp. 239-258. ISSN 1350-178X.
• Smith, Ron P. and Dunne, J.P. and Nikolaidou, E. (2000) The econometrics of arms races. Defence and Peace Economics 11 (1), pp. 31-43. ISSN 1024-2694.
• Smith, Ron P. and Levine, P. (2000) Arms export controls and proliferation. Journal of Conflict Resolution 44 (6), pp. 885-895. ISSN 0022-0027.
• Smith, Ron P. and Sola, M. and Spagnolo, F. (2000) The prisoner's dilemma and regime-switching in the Greek-Turkish arms race. Journal of Peace Research 37 (6), pp. 737-750. ISSN 0022-3433.
• Boyd, Derick and Smith, Ron P. (1999) Testing for purchasing power parity: econometric issues and an application to developing countries. The Manchester School 67 (3), pp. 287-303. ISSN 1463-6786.
• Coakley, Jerry and Hasan, F. and Smith, Ron P. (1999) Saving, investment, and capital mobility in LDCs. Review of International Economics 7 (4), pp. 632-640. ISSN 1467-9396.
• Pesaran, M.H. and Shin, Y. and Smith, Ron P. (1999) Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American Statistical Association 94 (466), pp. 621-634. ISSN 0162-1459.
• Coakley, J. and Kulasi, F. and Smith, Ron P. (1998) The Feldstein-Horioka puzzle and capital mobility: a review. International Journal of Finance and Economics 3 (2), pp. 169-188. ISSN 1076-9307.
• Levine, P. and Mouzakis, F. and Smith, Ron P. (1998) Prices and quantities in the arms trade. Defence and Peace Economics 9 (3), pp. 223-236. ISSN 1024-2694.
• Pesaran, M.H. and Lee, K. and Smith, Ron P. (1998) Growth empirics: a panel data approach: a comment. Quarterly Journal of Economics 113 (1), pp. 319-324. ISSN 0033-5533.
• Pesaran, M.H. and Smith, Ron P. (1998) Structural analysis of cointegrating VARS. Journal of Economic Surveys 12 (5), pp. 471-505. ISSN 1467-6419.
• Smith, Ron P. (1998) Emergent policy-making with macroeconometric models. Economic Modelling 15 (3), pp. 429-442. ISSN 0264-9993.
• Smith, Ron P. (1998) Quantitative methods in peace research. Journal of Peace Research 35 (4), pp. 419-427. ISSN 0022-3433.
• Lee, K. and Pesaran, M.H. and Smith, Ron P. (1997) Growth and convergence in a multi-country empirical stochastic solow model. Journal of Applied Econometrics 12 (4), pp. 357-392. ISSN 0883-7252.
• Levine, P. and Smith, Ron P. (1997) The arms trade and the stability of regional arms races. Journal of Economic Dynamics and Control 21 (2-3), pp. 631-654. ISSN 0165-1889.
• Levine, P. and Smith, Ron P. (1997) The arms trade. Economic Policy 12 (25), pp. 336-370. ISSN 0266-4658.
• Szymanski, S. and Smith, Ron P. (1997) The English football industry: profit, performance and industrial structure. International Review of Applied Economics 11 (1), pp. 135-153. ISSN 0269-2171.
• Coakley, J. and Kulasi, F. and Smith, Ron P. (1996) Current account solvency and the Feldstein-Horioka puzzle. The Economic Journal 106 (436), pp. 620-627. ISSN 0013-0133.
• Levine, P. and Smith, Ron P. (1995) The arms trade and arms control. The Economic Journal 105 (429), pp. 471-484. ISSN 0013-0133.
• Pesaran, M.H. and Smith, Ron P. (1995) Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics 68 (1), pp. 79-113. ISSN 0304-4076.
• Pesaran, M.H. and Smith, Ron P. (1995) The role of theory in econometrics. Journal of Econometrics 67 (1), pp. 61-79. ISSN 0304-4076.
• Smith, Ron P. and Szymanski, S. (1995) Executive pay and performance: the empirical importance of the participation constraint. International Journal of the Economics of Business 2 (3), pp. 485-495. ISSN 1357-1516.
• Smith, Ron P. and Dunne, P. (1994) Is military spending a burden? a 'Marxo-marginalist' response to Pivetti. Cambridge Journal of Economics 18 (5), pp. 515-521. ISSN 0309-166X.
• Alogoskoufis, G. and Smith, Ron P. (1991) On error correction models: Specification, interpretation, estimation. Journal of Economic Surveys 5 (1), pp. 97-128. ISSN 1467-6419.
• Alogoskoufis, G. and Smith, Ron P. (1991) The Phillips Curve, the persistence of inflation and the Lucas Critique. American Economic Review 81 (5), pp. 1254-1275. ISSN 0002-8282.
• Barker, T. and Dunne, P. and Smith, Ron P. (1991) Measuring the peace dividend in the United Kingdom. Journal of Peace Research 28 (4), pp. 345-358. ISSN 0022-3433.
• Fontanel, J. and Smith, Ron P. (1991) A European defence union. Economic Policy 6 (13), pp. 393-424. ISSN 0266-4658.
• Ridge, M. and Smith, Ron P. (1991) Military spending dynamics in a changing strategic environment. Fiscal Studies 12 (1), pp. 29-43. ISSN 1475-5890.
• Smith, Ron P. (1991) Spurious structural stability. The Manchester School of Economic & Social Studies 59 (4), pp. 419-423.
• Smith, Ron P. (1990) Defence procurement and industrial structure in the UK.. International Journal of Industrial Organization 8 (2), pp. 185-205. ISSN 0167-7187.
• Smith, Ron P. (1990) The Warwick ESRC macroeconomic modelling bureau: an assessment. International Journal of Forecasting 6 (3), pp. 301-309. ISSN 0169-2070.
• Smith, Ron P. (1989) Models of military expenditure. Journal of Applied Econometrics 4 (4), pp. 345-359. ISSN 0883-7252.
• Smith, Ron P. (1987) The demand for military expenditure: a correction. Economic Journal 97 (388), pp. 989-990. ISSN 0013-0133.
• Pesaran, M.H. and Smith, Ron P. (1985) Evaluation of macroeconometric models. Economic Modelling 2 (2), pp. 125-134. ISSN 0264-9993.
• Pesaran, M.H. and Smith, Ron P. and Yeo, J.S. (1985) Testing for structural stability and predictive failure: a review. The Manchester School of Economic and Social Studies 53 (3), pp. 280-295.
• Smith, Ron P. and Humm, A. and Fontanel, J. (1985) The economics of exporting arm. Journal of Peace Research 22 (3), pp. 239-247. ISSN 0022-3433.
• Smith, Ron P. and Hunter, J. (1985) Cross arbitrage and specification in exchange rate models. Economics Letters 18 (4), pp. 375-376. ISSN 0165-1765.
• Dunne, J.P. and Pashardes, P. and Smith, Ron P. (1984) Needs costs and bureaucracy. Economic Journal 94 (373), pp. 1-15. ISSN 0013-0133.
• Dunne, J.P. and Smith, Ron P. (1984) The economic consequences of reduced UK military expenditure. Cambridge Journal of Economics 8 (3), pp. 297-310. ISSN 0309-166X.
• Deger, S. and Smith, Ron P. (1983) Military expenditure and growth in less developed countries. Journal of Conflict Resolution 27 (2), pp. 335-353. ISSN 0022-0027.
• Dunne, J.P. and Smith, Ron P. (1983) The allocative efficiency of government expenditure: some comparative tests. European Economic Review 20 (1-3), pp. 381-394. ISSN 0014-2921.
• Smith, Ron P. (1980) Military expenditure and investment in OECD countries, 1954–1973. Journal of Comparative Economics 4 (1), pp. 19-32. ISSN 0147-5967.
• Smith, Ron P. (1980) The demand for military expenditure. The Economic Journal 90 (363), pp. 811-820. ISSN 0013-0133.
• Smith, Ron P. (1978) Military expenditure and capitalism: a reply. Cambridge Journal of Economics 2 (3), pp. 299-304. ISSN 0309-166X.
• Smith, Ron P. (1977) Military expenditure and capitalism. Cambridge Journal of Economics 1 (1), pp. 61-76. ISSN 0309-166X.
• Smith, Ron P. (1974) A note on car replacement. Review of Economic Studies 41 (4), pp. 567-570. ISSN 0034-6527.

Book

• Smith, Ron P. (2022) Defence acquisition and procurement: how (not) to buy weapons. Elements in Defence Economics. Cambridge: Cambridge University Press. ISBN 9781009189651.
• Boyd, D. and Smith, Ron P. (2012) Monetary policy, central banking and economic performance in the Caribbean. Kingston, Jamaica: University of West Indies Press. ISBN 9789766402525.
• Smith, Ron P. (2009) Military economics: the interaction of power and money. Basingstoke, UK: Palgrave MacMillan. ISBN 9780230228535.
• Levine, P. and Smith, Ron P., eds. (2003) The arms trade, security and conflict. Routledge. ISBN 9781138811027.
• Smith, Ron P. and Pesaran, M.H. and Akiyama, T. (1998) Energy demand in Asian developing economies. Oxford, UK: The Oxford Institute for Energy Studies. ISBN 9780197300206.
• Gleditsch, N.P. and Bjerkholt, O. and Cappelen, A. and Smith, Ron P. and Dunne, J.P., eds. (1996) The peace dividend. Contributions to Economic Analysis. 235, Emerald Publishing Limited. ISBN 9780444824820.
• Smith, Ron P. and Smith, D. (1987) The economics of militarism. Pluto Press. ISBN 9780861043705.
• Aaronovitch, S. and Smith, Ron P. and Gardiner, J. and Moore, R (1981) The political economy of British capitalism. Mc Graw Hill. ISBN 9780070841215.
• Smith, Ron P. (1976) Consumer demand for cars in the USA. Cambridge, UK: Cambridge University Press. ISBN 9780521099479.

Book Review

• Smith, Ron P. (2004) The economics of exchange rates.
• Smith, Ron P. (1990) 'Security and economy in the third world', by Nicole Ball. (London, Adamantine Press Limited, 1988, pp.432 £32.50).
• Smith, Ron P. (1984) 'Military expansion, economic decline', Robert W. De Grasse, Jr., Armonk, N. Y. and M. E. Sharpe (1983. viii + 248 pp.).
• Smith, Ron P. (1982) 'Recession, the western economies, and the changing world order', Lars Anell (New York: St. Martin's Press, 1981. 181 pp., index. $22.50).

Book Section

• Smith, Ron P. and Bove, Vincenzo (2011) The economics of peacekeeping. In: Braddon, D. and Hartley, K. (eds.) Handbook on the Economics of Conflict. Cheltenham, UK: Edward Elgar Publishing. pp. 237-264. ISBN 9781848446496.
• Anand, P. and Santos, C. and Smith, Ron P. (2009) The measurement of capabilities. In: Basu, K. and Ravi Kanbur, S.M. and Sen, A. (eds.) Arguments For a Better World: Essays in Honour of Amartya Sen. Oxford, Uk: Oxford University Press. pp. 283-310. ISBN 9780199239993.
• Dunne, J.P. and Garcia-Alonso, M. and Levine, P. and Smith, Ron P. (2007) The evolution of the international arms industries. In: Elsner, W. (ed.) Arms, War, and Terrorism in the Global Economy Today: Economic Analyses and Civilian Alternatives. Bremer Schriften zur Konversion. LIT Verlag. pp. 97-120. ISBN 9783825800451.
• Dunne, J.P. and Smith, Ron P. (2007) The econometrics of military arms races. In: Sandler, T. and Hartley, K. (eds.) Handbook of Defense Economics: Defense in a Globalized World. Elsevier. pp. 913-940. ISBN 9780444519108.
• Garcia-Alonso, M. and Smith, Ron P. (2006) The economics of arms exports controls. In: Joyner, D.H. (ed.) Non-Proliferation Export Controls: Origins, Challenges, and Proposals for Strengthening. Routledge. pp. 29-45. ISBN 9781138278158.
• Szymanski, S. and Smith, Ron P. (2006) The English football industry: profit, performance and industrial structure. In: Gerrard, B. (ed.) The Economics of Association Football. Edward Elgar Publishing. ISBN 9781843769415.
• Smith, Ron P. and Udis, B. (2003) Whither Wassenaar?. In: Levine, P. and Smith, Ron P. (eds.) The Arms Trade, Security and Conflict. Taylor and Francis. ISBN 9780429232800.
• Smith, Ron P. (2000) Emergent policy-making with macroeconometric models. In: den Butter, F. and Morgan, M. (eds.) Empirical Models and Policy Making. Routledge. pp. 244-256. ISBN 9780415236058.
• Smith, Ron P. (2000) Unit roots and all that: the impact of time-series methods on macroeconomics. In: Backhouse, R. and Salanti, A. (eds.) Econometric techniques and macroeconomics. Macroeconomics and the Real World. Oxford, UK: Oxford University Press. ISBN 9780199242047.
• Pesaran, M.H. and Smith, Ron P. (1998) Structural analysis of cointegrating VARS. In: McAleer, M. and Oxley, L. (eds.) Practical Issues in Cointegration Analysis. Blackwell. ISBN 9780631211983.
• Smith, Ron P. (1995) The demand for military expenditure. In: Hartley, K. and Sandler, T. (eds.) The Handbook of Defence Economics. Elsevier. pp. 69-87. ISBN 9780444818874.

Conference Item

• Elliott, D. and Campos, L. and Smith, Ron P. (2011) Frontier economics: predicting road travel time. Infraday Conference, 2011, Berlin
• Elliott, D. and Campos, L. and Smith, Ron P. (2011) Predicting road travel time. Infraday Conference, 2011, Berlin, Germany
• Boyd, D. and Smith, Ron P. (2004) An autoregressive test of inflation and economic performance in the Caribbean. 5th IAABD Annual Conference, 2004,
• Boyd, Derick and Smith, Ron P. (2004) Balance of payments adjustment in the Caribbean. 5th Annual SALISES Conference, 2004, University of the West Indies, St. Augustine
• Coakley, Jerry and Fuertes, A.M. and Smith, Ron P. (2002) A principal components approach to cross-section dependence in panels. 10th International Conference on Panel Data, 2002, Berlin, Germany
• Szymanski, S. and Smith, Ron P. (2000) Equality of opportunity and equality of outcome: static and dynamic competitive balance in European and North American sports leagues. International Association of Sports Economists Conference, 2000,

Editorial

• Levine, P. and Sen, S. and Smith, Ron P. (2000) Editorial introduction: arms exports, controls and production. Defence and Peace Economics 11 (3), pp. 443-444. Taylor and Francis. ISSN 1024-2694.
• Fontanel, J. and Smith, Ron P. (1985) L’effort economique de defense: France et royaume-uni. Arès 3, Grenoble: Arès. ISSN 0760-7431.

Letter

• Aksoy, Yunus and Basso, Henrique and Smith, Ron P. and Grasl, Tobias (2015) Demographic structure and the macroeconomy. VOX CEPR's Policy Portal: Research-based policy analysis and commentary from leading economists

Monograph

• Marioni, L. and Rincon-Aznar, A. and Aitken, A. and Kapur, Sandeep and Smith, Ron P. and Beckert, Walter (2022) Estimating food and drink demand elasticities. National Institute of Economics and Social Research.
• Chudik, Alexander and Hashem Pesaran, M. and Smith, Ron P. (2022) Revisiting the Great Ratios Hypothesis. London, UK: Birkbeck Centre for Applied Macroeconomics.
• Hashem Pesaran, M. and Smith, Ron P. (2021) Arbitrage pricing theory, the stochastic discount factor and estimation of risk premia in portfolios. London, UK: Birkbeck Centre for Applied Macroeconomics.
• Smith, Ron P. and Pesaran, M. Hashem (2021) Arbitrage pricing theory, the stochastic discount factor and estimation of risk premia from portfolios. Munich, Germany: Munich Society for the Promotion of Economic Research - CESifo.
• Smith, Ron P. and Pesaran, M. Hashem (2021) Factor strengths, pricing errors, and estimation of risk premia. Munich, Germany: Munich Society for the Promotion of Economic Research - CESifo.
• Smith, Ron P. (2020) Government debt, deficits and interest rates 1870 - 2016. London, UK: Birkbeck Centre for Applied Macroeconomics.
• Smith, Ron P. and Anand, P. and Culyer, A. and Roope, L. (2019) Disability and multi-dimensional quality of life: a capability approach to health status assessment. Bonn, Switzerland: IZA.
• Smith, Ron P. and Pesaran, M.H. (2019) The role of factor strength and pricing errors for estimation and inference in asset pricing models. Munich, Germany: Munich Society for the Promotion of Economic Research - CESifo GmbH.
• Akhmadieva, Veronika and Smith, Ron P. (2019) The macroeconomic impact of The Euro. London, UK: Birkbeck, University of London.
• Hashem Pesaran, M. and Smith, Ron P. (2017) Posterior means and precisions of the coefficients in linear models with Highly Collinear Regressors. London, UK: Birkbeck, University of London.
• Hashem Pesaran, M. and Smith, Ron P. (2017) Tests of policy interventions in DSGE models. London, UK: Birkbeck, University of London.
• Smith, Ron P. and Cavatorta, Elisa (2016) Factor models in panels with cross-sectional dependence: an application to the extended SIPRI military expenditure data. London, UK: Birkbeck College, University of London.
• Aksoy, Yunus and Basso, Henrique and Grasl, Tobias and Smith, Ron P. (2015) Demographic structure and macroeconomic trends. London, UK: Birkbeck College, University of London.
• Bove, Vincenzo and Elia, L. and Smith, Ron P. (2014) The relationship between panel and synthetic control of the effect of civil war. London, UK: Birkbeck, University of London.
• Pesaran, M.H. and Smith, Ron P. (2014) Tests of policy ineffectiveness in macroeconometrics. London, UK: Birkbeck College, University of London.
• Pesaran, M.H. and Smith, Ron P. (2014) Counterfactual analysis in macroeconometrics: an empirical investigation into the effects of quantitative easing. London, UK: Birkbeck College, University of London.
• Smith, Ron P. (2013) The economics of defence in France and the UK. London, UK: Birkbeck College, University of London.
• Aksoy, Yunus and Grasl, Tobias and Smith, Ron P. (2012) The economic impact of demographic structure in OECD countries. London, UK: Birkbeck College, University of London.
• Pesaran, M.H. and Smith, Ron P. (2012) Counterfactual analysis in macroeconometrics: an empirical investigation into the effects of quantitative easing. Munich, Germany: CESifo Group.
• Pesaran, M.H. and Smith, Ron P. (2011) Beyond the DSGE straitjacket. Munich, Germany: CESifo Group.
• Dees, S. and Pesaran, M.H. and Smith, V. and Smith, Ron P. (2010) Supply, demand and monetary policy shocks in a multi-country new Keynesian model. Frankfurt, Germany: European Central Bank.
• Gonzalez, T. and Smith, Ron P. (2009) Drugs and violence in Colombia: a VECM analysis. London, UK: Birkbeck College, University of London.
• Dunne, J.P. and Perlo-Freeman, S. and Smith, Ron P. (2009) Determining military expenditures: arms races and spill-over effects in cross-section and panel data. Bristol, Uk: Bristol Business School, University of the West of England.
• Anand, P. and Santos Pereira, Cristina and Smith, Ron P. (2007) The measurement of capabilities. Open Discussion Papers in Economics (67), Milton Keynes, UK: The Open University. ISSN 1753-2590.
• Smith, Ron P. and Pesaran, M.H. (2007) Monetary policy transmission and the Phillips Curve in a global context. Kiel Institute for the World Economy.
• Smith, Ron P. and Zoega, Gylfi (2007) Global factors, unemployment adjustment and the natural rate. Kiel Institute for the World Economy.
• Hashem Pesaran, M. and Smith, Ron P. and Yamagata, T. and Hvozdyk, L. (2006) Pairwise tests of purchasing power parity using aggregate and disaggregate price measures. 5 (1), pp. 1-18. CESifo.
• Pesaran, M.H. and Smith, Ron P. and Yamagata, T. and Hvozdyk, L. (2006) Pairwise tests of purchasing power parity using aggregate and disaggregate price measures. Cambridge, UK: Cambridge University.
• Smith, Ron P. and Zoega, Gylfi (2006) Global factors, unemployment adjustment and the natural rate. Institute of Economic Studies.
• Smith, Ron P. and Zoega, Gylfi (2005) Unemployment, investment and global expected returns: a panel FAVAR approach. London, UK: Birkbeck, University of London.
• Dunne, P. and del Carmen Garcia-Alonso, M. and Levine, P. and Smith, Ron P. (2005) Military procurement, industry structure and regional conflict. School of Economics, University of Kent.
• Pesaran, M.H. and Smith, L.V. and Smith, Ron P. (2005) What if the UK has joined the Euro in 1999? An empirical evaluation using a global VAR. Cambridge, UK: Cambridge University.
• Pesaran, M.H. and Smith, V. and Smith, Ron P. (2005) What if the UK had joined the Euro in 1999? An empirical evaluation using a global VAR. CESifo.
• Coakley, Jerry and Fuertes, A.-M. and Smith, Ron P. (2004) Unobserved heterogeneity in panel time series models. London, UK: Birkbeck, University of London.
• Smith, Ron P. and Zoega, Gylfi (2004) Global shocks and unemployment adjustment. London, UK: Birkbeck, University of London.
• Smith, Ron P. and Zoega, Gylfi (2004) Global shocks and world adjustment. London, UK: Birkbeck, University of London.
• Dunne, J.P. and Garcia Alonso, M. and Levine, P. and Smith, Ron P. (2003) Concentration in the international arms industry. Bristol, UK: Bristol Business School, University of the West of England, Bristol.
• Pesaran, M.H. and Shin, Y. and Smith, Ron P. (1997) Pooled estimation of long-run relationships in dynamic heterogeneous panels. Faculty of Economics, University of Cambridge.
• Lee, K. and Pesaran, M.H. and Smith, Ron P. (1995) Growth and convergence: a multi-country empirical analysis of the solow growth model. Faculty of Economics, University of Cambridge.
• Pesaran, H. and Smith, Ron P. and Im, K.S. (1995) Dynamic linear models for heterogeneous panels. Faculty of Economics, University of Cambridge.
• Pesaran, M.H. and Smith, Ron P. (1995) New directions in applied macroeconomic modelling. Faculty of Economics, University of Cambridge.
• Hashem, M. and Smith, Ron P. (1993) Alternative approaches to estimating long-run energy demand elasticities: an application to Asian developing countries. Faculty of Economics, University of Cambridge.
• Levine, P.L. and Somnath, S. and Smith, Ron P. (1993) The economics of the international arms trade. Centre for Economic Policy Research.
• Pesaran, M.H. and Smith, Ron P. (1993) The natural rate hypothesis and its testable implications. Faculty of Economics, University of Cambridge.
• Pesaran, M.H. and Smith, Ron P. (1992) Theory and evidence in economics. Faculty of Economics, University of Cambridge.
• Pesaran, M.H. and Smith, Ron P. (1992) The interaction between theory and observation in economics. Faculty of Economics, University of Cambridge.
• Alogoskoufis, G. and Smith, Ron P. (1989) The Phillips Curve and the Lucas Critique: some historical evidence. Centre for Economic Policy Research.

• IDEAS/RePeC

• Consultancies and expert advice
  

  I have acted as an econometric advisor to Frontier Economics since its formation in 1999. I have also acted as a consultant to many other bodies  including the UK National Audit Office and RAND Europe on defence topics and provided expert witness statements to various bodies.