Cardiff Business School People

Professor Kul Luintel

Professor of Economics

+44 (0)29 208 75534
S09, Aberconway Building, Colum Drive, Cardiff, CF10 3EU


Kul received his MPhil (1990) and PhD (1993) from Glasgow University.

Kul Luintel joined Cardiff Business School (CARBS) as a Professor of Economics in September 2006. From 2012 to 2015 he was the Head of the Economics Section (Department) and a Member of the Management Board of CARBS. 2008 to 2013 he was the Senior Rep of Economics to the Research Committee of CARBS.  He was one of the named REF (Research Excellence Framework) GURUs of CARBS, leading REF submissions for 2014. He was a member of CHUDE (Conference of Heads of UK Departments of Economics) between 2012 to 2015 and currently a member of the Executive Committee of CHUDE. Before moving to Cardiff he held professorial positions at Swansea and Brunel Universities.

His general research interests are macro, money and finance. He has published widely in the areas of Financial Development, Financial Structure and Economic Growth; Financial Controls, Economic Growth and the Productivity of Capital; The Dynamics of Innovation and Endogenous Growth; R&D and International Knowledge Diffusion; Fiscal Solvency; Fiscal Integration in the EU; Real Exchange Rate Behaviour; Exogeneity of Money; Spot and Forward Market Efficiency; Fisher Relationship, and Executive Stock Options. He is a member of the Royal Economic Society, American Economic Association, European Economic Association, Canadian Economics Association, Southern Economic Association and Beta Gamma Sigma, an Honour Society.

Teaching commitments

  • Advanced financial theory
  • Development finance
  • Econometrics/Advanced econometrics
  • Financial theory and corporate policy
  • Financial markets and instruments
  • International finance
  • Macroeconomics and models of economic growth

Research interests

  • Applied econometrics
  • Banking productivity
  • Block trade
  • Executives' option
  • Exogeneity of money
  • Financial development, financial structure and economic growth
  • Fiscal integration and fiscal solvency
  • Ideas production, knowledge spillovers and endogenous growth
  • International finance: Fisher relationship, spot & forward markets
  • R&D and productivity
  • Real exchange rate behaviour

PhD supervision research interests

  • CEO compensation and firm performance
  • Empirical (econometric) work using time series and panel data econometrics
  • Event studies
  • Exogeneity of money; spot and forward market efficiency
  • Financial policies, financial sector development and economic growth
  • Financial sector development and economic growth
  • Financial structure and economic growth
  • Fiscal integration and fiscal solvency; real exchange rate behaviour
  • International fisher effect
  • Knowledge spillovers and endogenous growth; knowledge and productivity
  • Modelling company cash holding
  • Modelling exchange rate behaviour
  • Modelling ideas production
  • Purchasing power parity
  • Stockmarket anomalies


  • American Economic Association
  • Canadian Economics Association
  • Royal Economic Society
  • Southern Economic Association