Professor Ron Smith

Ron is currently Professor of Applied Economics at Birkbeck, University of London, where he has taught statistics and econometrics since 1976.

Additional Information

He has been visiting professor at London Business School and the University of Colorado and has published extensively in econometrics and defence economics. His book Military Economics: the interaction of power and money, Palgrave 2009, was shortlisted for the Duke of Westminster’s medal for military literature. In 2011 he was awarded the Lewis Fry Richardson lifetime achievement award for contributions to the scientific study of militarised conflict by the European Consortium of Political Research.  He has acted as a consultant to a range of bodies including Frontier Economics and the UK National Audit Office on defence projects and is an Associate Fellow of RUSI.

Selected publications

“Defence Acquisition and Procurement: How (not) to buy weapons”, Cambridge Elements, Defence Economics, Cambridge University Press, 2022.

“Arbitrage pricing theory, the stochastic discount factor and estimation of risk premia from portfolios”, with M.H. Pesaran, Econometrics and Statistics, forthcoming

“Government debt, deficits and interest rates 1870-2016.” Chapter 14, p325-342 of Essays in Honor of M. Hashem Pesaran: Prediction and Macro Modelling Advances in Econometrics 43A, 2022.

“China’s Money Demand in a Cointegrating Vector Error Correction Model”, (with Xiaohong Chen and Paul Wohlfarth) Journal of Asian Economics, Vol 75 August 2021.

“The challenge of identification and the value of descriptive evidence”, ch 33 of The Palgrave Handbook of Comparative Economics, ed Elodie Douarin & Oleh Havrylyshin, Palgrave MacMillan, 2021.