Cardiff Business School Research

Welsh Economy Research Unit

Associated with the Economics section

The Welsh Economic Research Unit aims to be the primary source of high quality, academically relevant research on the Welsh Economy for Welsh businesses, public and third sectors.

It provides a centre in of expertise on the Welsh economy and regional economics. The Unit has developed expertise in regional economic analysis within the School and assists Cardiff Business School staff who are undertaking research on the regional economy.


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Professor Max Munday

Director of Welsh Economy Research Unit

+44 (0)29 208 75089
T01, Aberconway Building

Research Highlights

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Welsh Economic Review considers state of Wales’ economy

Cardiff Business School launched a special edition of the Welsh Economic Review, at an event held in the School on Tuesday 10 May 2016.

The Welsh Economic review is edited by Dr Annette Roberts of the Welsh Economy Research Unit and published online by Cardiff University Press.

Academics predict Swansea Bay Tidal Lagoon will generate £300 million in Wales

Professor Calvin Jones and Professor Max Munday from the Welsh Economy Research Unit (WERU) based at Cardiff Business School have examined the economic effects the planned construction of the Swansea Bay Tidal Lagoon will have on Wales and the UK.

Welsh Economy Research Unit contributes to study of the economic impact of sea angling in England

Professor Max Munday, Dr Annette Roberts and Neil Roche of WERU contributed to the final report of the project 'Sea Angling 2012 – a survey of recreational sea angling activity and economic value in England' which was published in November by the Department for Environment, Food and Rural Affairs (DEFRA).

Welsh Economic Review

The Unit produces, administers and publishes the Welsh Economic Review, which is now in it’s 28th year. This publication provides commentary and analysis of the Welsh economy in a manner that promotes understanding and informs decision-making and is a vehicle to engage with the Welsh business and academic community.

Volume 24, Spring 2016, of the Welsh Economic Review on Economic Policy for Peripheral Economies, has been published by Cardiff University Press.

Back copies of the Welsh Economic Review are currently being migrated to the Cardiff University Press site.

Collaborative research

Some members of WERU also contribute to the following:

Selected publications

Groves N, Munday M and Yakovleva N (2012) "Fighting the Pipe: neo-liberal governance and barriers to effective community participation in energy infrastructure planning". Environment and Planning C: Government and Policy.

Jones, C Festivals and events in emergent economies: a sea change, and for whom? International Journal of Event and Festival Management 2012

Jones, C Events and festivals: fit for the future? Event Management 2012

Crawley A, Beynon M, Munday M, (2012) "Making Location Quotients More Relevant as a Policy Aid in Regional Spatial Analysis" Urban Studies.

Collins A, Munday M, and Roberts A (2012) "Environmental consequences of tourism consumption at major events: An analysis of the UK stages of the 2007 Tour de France" Journal of Travel Research

Jensen C, McIntyre S, Munday M and Turner K (2012) "Who creates waste? Different perspectives on waste attribution in a regional economy" Regional Studies

Turner K, Munday M, McGregor P and Swales K (2012) "How responsible is a region for its carbon emissions? An empirical general equilibrium analysis" Ecological Economics, 76, pp.70-78

Bryan J, Munday, M and Bevins R (2012) “Developing a framework for assessing the socio-economic impacts of museums: the regional value of the ‘flexible museum’. Urban Studies, 49 (1), pp.133-151

Bryan J, and Roche N., (2012) The Economy: A Statistical Review of Wales in 2011 in Contemporary Wales, 25, pp 115-146

Crawley A, and Pickernell D, (2012) "An Appraisal of the European Cluster Observatory" European Urban and Regional Studies 19(2) pp 207-211

Jensen C, McIntyre S, Munday M and Turner K (2011) "Incorporating jurisdiction issues into regional carbon accounts under production and consumption accounting principles", in Environment and Planning A, 24, pp. 722-741.

Cowell R, Bristow G and Munday M, (2011) "Acceptance, acceptability and environmental justice - the role of community benefits in wind farm development" Journal of Environmental Planning and Management, 54(4), 539-557

Munday M, Bristow G and Cowell R (2011) "Wind farms in rural areas: how far do community benefits from wind farms represent a local economic development opportunity?" Journal of Rural Studies, 27, pp.1-12.

Bryan J, and Roche N, (2011) Wales in 2010: Recession or Recovery, Contemporary Wales, 24, pp 161-192

Crawley A, and Hill S, (2011) "Is industrial agglomeration increasing? New evidence from a small open economy" Journal of Economic Studies, 38(6), pp 725-740.