Dr Paul Temple

Research Interests

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.

Research Collaborations

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


  • Applied economics
  • The economics of international business competitiveness
  • Business History

Departmental Duties

Deputy Chair, School Teaching and Learning Comittee

Contact Me

Phone: 01483 68 6949

Find me on campus
Room: 14 AD 00

My office hours

Monday 1 - 3pm 

RePEc web page: download papers


Journal articles

  • Temple PA, Spencer CG. (2015) 'Standards, Learning and Growth in Britain, 1901-2009'. Economic History Review: a journal of economic and social history,
    [ Status: Accepted ]
  • Choudhary MA, Temple P, Zhao L. (2013) 'Taking the measure of things: The role of measurement in EU trade'. Empirica, 40 (1), pp. 75-109.
  • Yang QG, Temple P. (2012) 'Reform and competitive selection in China: An analysis of firm exits'. Structural Change and Economic Dynamics, 23 (3), pp. 286-299.
  • Choudhary MA, Temple P, Zhao L. (2011) 'Taking the measure of things: the role of measurement in EU trade'. Springer Empirica, forthcoming


    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. (2008) 'Real options - delay vs. pre-emption: Do industrial characteristics matter?'. International Journal of Industrial Organization, 26 (2), pp. 532-545.
  • 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.
  • Driver C, Temple P, Urga G. (2006) 'Identifying externalities in UK manufacturing using direct estimation of an average cost function'. ELSEVIER SCIENCE SA ECONOMICS LETTERS, 92 (2), pp. 228-233.
  • Driver C, Temple P, Urga G. (2005) 'Profitability, capacity, and uncertainty: a model of UK manufacturing investment'. OXFORD UNIV PRESS OXFORD ECONOMIC PAPERS-NEW SERIES, 57 (1), pp. 120-141.
  • Driver C, Imai K, Temple P, Urga G. (2004) 'The effect of uncertainty on UK investment authorisation: Homogeneous vs. heterogeneous estimators'. Empirical Economics, 29 (1), pp. 115-128.
  • 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.
  • Temple P, Urga G, Driver C. (2001) 'The influence of uncertainty on investment in the UK: A macro or micro phenomenon?'. BLACKWELL PUBL LTD SCOTTISH JOURNAL OF POLITICAL ECONOMY, 48 (4), pp. 361-382.


  • Driver C, Temple P. (2012) The Unbalanced Economy. Palgrave Macmillan

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Assembly date: Fri May 27 23:10:55 BST 2016
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