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Department of Land Economy

Environment, Law & Economics

Studying at Cambridge


Professor John McCombie

Professor John McCombie

Director, Cambridge Centre for Economic and Public Policy (CCEPP)

Fellow in Economics and Tutor, Downing College

Director of Studies in Land Economy at Christ's College, Downing College and Girton College

Senior Emeritus Fellow of the Department of Land Economy

Office Phone: (01223) 337160

Key Publications


  • Missing Links in the Unemployment Relationship, editor (with P. Arestis), (2009), Basingstoke: Palgrave-Macmillan,
  • Unemployment: Past and Present, editor (with P. Arestis), (2009), Basingstoke: Palgrave-Macmillan.
  • Economic Growth. New Directions in Theory and Policy,(2007), editor (with P. Arestis and M.C. Baddeley), Cheltenham: Edward Elgar.
  • Issues in Finance and Monetary Policy, editor (with C. Rodriguez Gonzalez), (2007), Basingstoke: Palgrave-Macmillan.
  • The European Union: Current Problems and Prospects editor (with C Rodriguez Gonzalez), (2007), Basingstoke: Palgrave-Macmillan
  • The New Monetary Policy, Implications and Relevance, editor (with P. Arestis and M.C. Baddeley), (2006), Cheltenham: Edward Elgar.
  • Development and Economic Growth: Essays in Honour of A.P.Thirlwall editor, (with P. Arestis and R. Vickerman), (2006), Cheltenham: Edward Elgar.
  • Essays on Balance of Payments Constrained Growth (with A.P. Thirlwall), (2004), Routledge.
  • Globalisation, Regionalism and Economic Activity, editor (with P. Arestis and M.C. Baddeley), (2003), Basingstoke: Palgrave-Macmillan.
  • Productivity Growth and Economic Growth: Essays on Verdoorn’s Law, editor (with M. Pugno and B. Soro), (2002), Basingstoke: Palgrave Macmillan.
  • What Global Economic Crisis?, editor (with P. Arestis and M.C. Baddeley), (2001), Basingstoke: Palgrave-Macmillan,
  • Economic Growth and the Balance-of-Payments Constraint (with A.P. Thirlwall), (1994) Basingstoke: Macmillan.

Papers and Chapters in Books (Since 2000)

  • “On Accounting Identities, Simulation Experiments and Aggregate Production Functions: A Cautionary Tale for (Neoclassical) Growth Theorists”, (with J. Felipe) in M. Setterfield, (ed.), Handbook of Alternative Theories of Economic Growth, (2009),Cheltenham: Edward Elgar (forthcoming).
  • “Why the Data Tell Us Nothing about Returns to Scale and Externalities to Capital in Economic Growth” (with J. Felipe), (2009), Economia e Sociedade (forthcoming).
    Productivity Growth and Unemployment under Mrs. Thatcher Reconsidered”, (with N.F.B. Allington), (2009), Intervention: European Journal of Economics and Economic Policy, vol. 5.
  • “Are Estimates of Labour Demand Functions Mere Statistical Artefacts?”,(with J. Felipe) International Review of Applied Economics, (2009), vol. 23, pp. 147-168.
  • “What Can the Labour Demand Function Tell us about Wages and Employment? The Case of the Philippines” (with J. Felipe) in J Berg and D. Kucera (eds), In Defence of Labour Market Institutions. Cultivating Justice in the Developing World, (2008), International Labour Office and Palgrave-Macmillan.
  • “Effective Demand Constrained Growth in a Two-sector Kaldorian Model”, (with M. Roberts), Journal of Post Keynesian Economics, (2008), vol. 31, pp. 57-78.
  • “The ‘Thatcher Experiment’ 1979-1990: Did it Lead to an Economic Renaissance of the UK?” (with N. Allington) in P. Arestis and J.S.L. McCombie (eds) Missing Links in the Unemployment Relationship, (2008), Basingstoke: Palgrave-Macmillan.
  • "New Estimates of Returns to Scale and Spatial Spillovers for EU Regional Manufacturing, 1986-2002”, (with A. Angeriz and M. Roberts, M.), (2008),  International Regional Science Review, vol. 31, pp. 62-87.
  • “Correcting for Biases when Estimating Production Functions: An Illusion of the Laws of Algebra?”, (with J. Felipe and R. Hasan), (2008), Cambridge Journal of Economics, vol. 32, pp. 441-459.
  • "Returns to Scale and Regional Growth: The Static-Dynamic Verdoorn Law Paradox Revisited", Journal of Regional Science, (with M. Roberts), (2008), vol. 47 pp. 179-208
  • “Is a Theory of Total Factor Productivity Really Needed”, (with J. Felipe), (2007), Metroeconomica, vol. 58, pp. 195-229
  • “On the Rental Price of Capital and the Profit Rate. The Perils and Pitfalls of Total Factor Productivity Growth”, (with J. Felipe), Review of Political Economy, (2007), vol.19, pp. 317-345.
  • “Nonsense Upon Stilts: An Assessment of the European Stability Pact and How it Might be Reformed”, (with N.F.B. Allington), (2007), in J.S.L. McCombie and C. Rodriguez Gonzalez (eds), The European Union: Current Problems and Prospects.
  • “Economic Growth and Beta-convergence in the East European Transition Economies”, (with N.F.B. Allington) in P. Arestis, M C. Baddeley and J.S.L. McCombie (eds), Economic Growth. New Directions in Theory and Policy, (2006), Basingstoke: Palgrave-Macmillan.
  • “Productivity, Efficiency and Technical Change in EU Regional Manufacturing: A DEA Approach”, (with A. Angeriz and M. Roberts), (2006), Manchester School, vol.74 pp. 500-525.
  • “The Tyranny of the Identity. Growth Accounting Revisited”, (with J. Felipe), (2006), International Review of Applied Economics, vol.20, pp.283-299.
  • “New Attitudes about Controlling Inflation”, (with P. Arestis and W. Mosler), (2006) Challenge, vol. 49, pp. 33-52.
  • "A Non-parametric Analysis of Productivity, Efficiency and Technical Change in EU Regional Manufacturing, 1986-2002", (with A. Angeriz and M Roberts), in B. Fingleton, (ed.), New Directions in Economic Geography, (2006), Cheltenham: Edward Elgar
  • “Kaldor, Nicholas (1908-1986)”, in D.A. Clark, (ed.), The Elgar Companion to Development Studies, (2006), Cheltenham: Edward Elgar, pp. 299-304
  • “The Nature of Economic Growth and the Neoclassical Approach: More Questions than Answers? in Growth and Economic Development: Essays in Honour of A.P. Thirlwall (2006) in  P. Arestis, J.S.L. McCombie and R. W. Vickerman (eds). Cheltenham: Edward Elgar
  • “Why are Some Countries Richer than Others? A Sceptical View of Mankiw-Romer-Weil’s Test of the Solow Growth Model” (with J. Felipe), (2005), Metroeconomica,vol.56pp.360-392.
  • “La Functión de Producción Agregada en Retrospectiva”, Investigación Económica (with J Felipe), (2005), vol. LXIV, 253, pp.43-88.
  • “ How Sound are the Foundations of the Aggregate Production Function?”, (with J. Felipe), Eastern Economic Journal,(2005), vol. 31, pp. 467-488.
  • “Stock Market Prices and the Conduct of Monetary Policy under the New Consensus Monetary Policy”, (with N.F.P. Allington), in  P. Arestis, M. C. Baddeley and J.S.L. McCombie, The New Monetary Policy. Implications and Relevance, (2005), Cheltenham: Edward Elgar pp. 68-87.
  • “Editorial: Of Journals, Oil Tankers and Citation Impacts: Signing-off the Editorship of Regional Studies”, (with R. Martin; M. Gray; P. Tyler; B. Fingleton; M.Kitson; B. Asheims and A. Glasmeier), Regional Studies, (2005), vol. 39. pp.1157-1158.
  • “Is Federal Policy Working?”, (with P. Arestis), Challenge, vol.48, pp.48-66.
  • Comment (on “Whatever Happened to the Cambridge Capital Theory Controversies?” by A. Cohen and G.C. Harcourt) (with J Felipe) (2004), Journal of Economic Perspectives,vol. 17, pp. 229-230.
  • “To Measure or Not To Measure TFP Growth? A Reply to Mahadevan” , (with J. Felipe), Oxford Development Studies, (2004), vol. 32, pp. 321-327.
  •  “Erkin Bairam: 1958-2001. His Contribution to Economics”, (with S. Knowles), (2003), Ekonomia, vol. 6, pp. 1 –18.
  • “Some Methodological Problems with the Neoclassical Analysis of the East Asian Miracle”, (with J. Felipe), Cambridge Journal of Economics, (2003), vol. 27, pp. 695-721.
  • “Balance of Payments Constrained Economic Growth” in J.E. King (ed.) The Elgar Companion to Post Keynesian Economics, (2003), Cheltenham: Edward Elgar, pp.15-20
  • “Introduction” (with M. Pugno and B. Soro) in J.S.L. McCombie, M. Pugno and B. Soro(eds), Productivity Growth and Economic Growth: Essays on Verdoorn’s Law, (2003), Basingstoke: Palgrave.
  • “Increasing Returns and the Verdoorn Law from a Kaldorian Perspective” , in J.S.L. McCombie, M. Pugno and B. Soro(eds), Productivity Growth and Economic Growth: Essays on Verdoorn’s Law, (2003), Basingstoke: Palgrave, pp. 64-114.
  • “Productivity Growth in China Before and After 1978 Revisited”, (with J.Felipe) Zagreb Review of Economics and Business (2003) vol. 5, No.1 pp.17-43.
  • “A Problem with Some Estimations and Interpretations of the Mark-up in Manufacturing Industry”, (with J. Felipe), International Review of Applied Economics, (2002), vol. 16, 187-215.
  • “The Role of the Balance of Payments in Economic Growth”, (with M. Roberts,) in M. Setterfield (ed.), The Economics of Demand-led Growth, (2002), Chetenham: Edward Elgar, pp. 87-114.
  • “Balance of Payments Constrained Economic Growth” ,in B. Snowden and H.R. Vane (eds), An Encyclopedia of Macroeconomics, (2002), Cheltenham, Edward Elgar, pp.29-35.
  • “The Solow Residual, Technical Change, and Aggregate Production Functions” Journal of Post Keynesian Economics; (2000-2001),vol. 23, pp. 267-97.
  • “On Economic Paradigms”, Revista do Instituto de Ciencias Economicas e Genencias, (2001)vol.1, pp.7-19
  • “Reflections on Economic Paradigms and Controversies in Economics”, Zagreb International Review of Economics and Business, (2001), vol. 4, pp. 1-25.
  • “What Does the Aggregate Production Function Show? Further Thoughts on Solow's ‘Second Thoughts on Growth Theory’ ”, (2001), Journal of Post Keynesian Economics; vol. 23, pp. 589-615.
  • “Biased Technical Change, Growth Accounting, and the Conundrum of the East Asian Miracle, (with J. Felipe), (2001), Journal of Comparative Economics, vol. 29, pp.542-565.
  • “The CES Production Function, the Accounting Identity and Occam’s Razor”, (with J. Felipe), Applied Economics, (2001), vol. 33. pp. 1221-1232.
  • “An Historical Perspective of Speculative Bubbles and Financial Crises: Tulipmania and the South Sea Bubble” (with M.C. Baddeley) in P. Arestis, M. C. Baddeley and J.S.L. McCombie (eds), What Global Economic Crisis? (2001), Basingstoke: Palgrave-Macmillan, pp. 219-243.
  • “Balance of Payments”; “Balance of Trade”; “Balance of Payments Constrained Growth”; “Foreign Trade Multiplier”; “Marshall-Lerner Condition”; Propensity to Import” in RI Barry Jones (ed.), Routledge Encyclopaedia of International Political Economy, (2001), Andover: Routledge.
  • “Balance-of-Payments Constrained Growth”, “Nicholas Kaldor”, Kaldor’s Laws” and “Simon/Shaikh Critique of the Aggregate Production Function” in J. Michie (ed.), Reader’s Guide to the Social Sciences, (2001), London: Fitzroy Dearborn
  • “The East Asian Economic Crisis: Retrospect and Prospect”, (with A.P. Thirlwall), Economist Intelligence Unit.
  • “Regional Production Functions and the Accounting Identity: A Problem of Interpretation”, Australasian Journal of Regional Studies (2000), vol.6, pp.33-156.