Paul Temple graduated from Cambridge University in 1973 and obtained an MA (Econ) from Manchester in 1975; in 2009 he was awarded a PhD from Cambridge on the basis of his published research. He has worked in a variety of academic posts, and taught in both the UK and US up until 1989. After that he worked as an Economic Adviser to the National Economic Development Council, working on issues such as labour market performance and international competitiveness. In 1993 he was appointed as Research Fellow in the Centre for Business Strategy, London Business School, studying a variety of topics related to Britain's economic performance - including investment, innovation, and the role of standards in promoting international competitiveness. He joined the School of Economics at Surrey in 1997, and was promoted to Reader in 2007.
His recent research at Surrey has included work relating to physical investment and the economics of technological change and innovation, especially in relation to standards. He also has interests in business and technological history. His publications include editorship of Britain's Economic Performance; Investment, Growth, and Employment; Critical Perspectives: Mergers and Acquisitions. He has also published articles in various journals including the Economic Journal, Oxford Economic Papers, The Journal of Business and Economic Statistics, the International Journal of Industrial Organization and the Cambridge Journal of Economics.
Professor Ciaran Driver, School of African and Oriental Studies (investment and Britain's economic performance)
Dr Christopher Spencer, Loughborough University and Shimomura Fellow, Research Institute of Capital Formation, Development Bank of Japan (standardization and productivity growth)
Dr Ray Lambert, Associate Research Fellow, Department of Management, Birkbeck, University of London
The economics of international business competitiveness
Deputy Chair, School Teaching and Learning Comittee
In this paper theoretical and empirical models of intra-industry trade are
developed in which economic activities, based on measurement and an associated
measurement infrastructure, play a role in creating product variety. The paper
discusses how the measurement infrastructure which includes institutions conducting
metrological research and standard setting organization reduces transactions
costs, especially in markets where differences in product characteristics are
important. The theoretical analysis focuses on the public good characteristics of the
measurement infrastructure, considering how the infrastructure impacts upon trade
in a model based upon product differentiation under monopolistic competition. In
the econometric analysis, indicators of the strength of the infrastructure within the
EU, both across industries and across countries, suggest that measurement activities
are important in determining the extent of bi-lateral EU intra-industry trade. Despite
many common elements in the measurement infrastructure across the EU, there is
also some evidence of differential access to the infrastructure among EU members.
Driver C, Temple P.
(2010) 'Why do hurdle rates differ from the cost of capital?'. OXFORD UNIV PRESS CAMBRIDGE JOURNAL OF ECONOMICS, 34 (3), pp. 501-523.
Driver C, Temple P, Urga G.
(2006) 'Contrasts between types of assets in fixed investment equations as a way of testing real options theory'. AMER STATISTICAL ASSOC JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 24 (4), pp. 432-443.
Lanza A, Temple P, Urga G.
(2003) 'The implications of tourism specialisation in the long run: an econometric analysis for 13 OECD economies'. ELSEVIER SCI LTD TOURISM MANAGEMENT, 24 (3) Article number PII S0261-5177(02)00065-1 , pp. 315-321.
Temple P, Williams G.
(2002) 'Infra-technology and economic performance: evidence from the United Kingdom measurement infrastructure'. ELSEVIER SCIENCE BV INFORMATION ECONOMICS AND POLICY, 14 (4) Article number PII S0167-6245(02)00065-3 , pp. 435-452.