Dr Chris Stewart
Faculties, deparments and locations
- Faculty of Business and Social Sciences
- Department of Economics
- School of Law, Social and Behavioural Sciences
- Penrhyn Road
Senior Lecturer
- Email:
- c.stewart@kingston.ac.uk
About
I am a senior lecturer in economics and joined Kingston University in February 2013. I previously taught at London Metropolitan University, London Guildhall University and Kingston University.
My research is primarily in applied econometrics. I have published articles in the areas of bank competitiveness, bank efficiency, bank ratings, consumer behaviour, exchange rates, fund manager performance, firm performance, FDI determinants, herding among sovereign rating agencies, identity, the impact of inequality on house prices, SME shares, spurious correlation, unemployment hysteresis and wage inflation.
My main areas of teaching are in econometrics and microeconomics.
My main administrative roles in the Economics Department are as the Assessment Officer and Level 6 tutor. The Assessment Officer role includes the coordination of external examiner moderation of samples of module assessment and the checking and commenting upon draft assessments by external examiners.
Qualifications
- PhD, Modelling and Comparing OECD Countries' Consumer Behaviour, London Guildhall University, 1999
- MSc Economics, Birkbeck College, University of London, 1990
- BA (Hons) Political Economy, Thames Polytechnic, 1989
- Fellow of the Higher Education Academy (FHEA), Kingston University, 2024
Domains
I have published over 40 papers in refereed academic journals including: Applied Economics, Decision Support Systems, Economics Letters, Economic Modelling, Empirica, Empirical Economics, Expert Systems with Applications, International Review of Financial Analysis, International Review of Applied Economics, Journal of Forecasting, Journal of International Money and Finance, Journal of Policy Modelling, The Manchester School, Review of International Economics, Small Business Economics and Socio-Economic Review.
These papers have been entered in the last three RAEs and the last two REFs (Kingston University, 1996; London Guildhall University, 2001; London Metropolitan University, 2008; Kingston University, 2014 and 2021). I served as an assessor of REF outputs in Kingston University's internal mock REF exercises during the REF2020/21 cycle.
My current areas of research include:
- Re-evaluating whether past time-series tests have been assessing absolute or relative purchasing power parity (PPP) when using price indices
- The autoregressive distributed lag bounds test generalised to detect a long-run levels relationship when the dependent variable is I(0)
- Identifying the determinants of bank profitability
Links to information on my research on selected public websites include:
Publications
Is there really hysteresis in the OECD unemployment rates? New evidence using a Fourier panel unit root test
Omay, Tolga, Shahbaz, Muhammad and Stewart, Chris, 2021, Empirica (48), pp 875-901
Is the reports-based measure of uncertainty stationary? Evidence from a new panel residual augmented least squares unit root test
Solarin, Sakiru Adebola and Stewart, Chris, 2021, Singapore Economic Review
Absolute income inequality and rising house prices
Goda, Thomas, Stewart, Chris and Torres Garcia, Alejandro, 2020, Socio-Economic Review (18), 4, pp 941-976
Testing for causality between FDI and economic growth using heterogeneous panel data
Chanegriha, Melisa, Stewart, Chris and Tsoukis, Christopher, 2020, (29), 5, pp 546-565
Measuring the volatility spill-over effects of crude oil prices on the exchange rate and stock market in Ghana
Zankawah, Mutawakil M. and Stewart, Chris, 2020, (29), 4, pp 420-439
Do rating agencies exhibit herding behaviour? Evidence from sovereign ratings
Chen, Zhonhgfei, Matousek, Roman, Stewart, Chris and Webb, Rob, 2019, International Review of Financial Analysis (64), pp 57-70
Risk management of the banking system : an emerging market survey
Matousek, R., Nguyen, T. N. and Stewart, C., 2018, Risk Governance and Control : financial markets and institutions (8), 3, pp 7-20
Is the consumption-income ratio stationary in African countries? Evidence from new time series tests that allow for structural breaks
Solarin, Sakiru Adebola, Shahbaz, Muhammad and Stewart, Chris, 2018, Applied Economics (50), 38, pp 4122-4136
Market structure in the Vietnamese banking system : a non-structural approach
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris, 2018, Journal of Financial Regulation and Compliance (26), 1, pp 103-119
Note on a non-structural model using the disequilibrium approach : evidence from Vietnamese banks
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris, 2017, Research in International Business and Finance (41), pp 125-135
Identifying the robust economic, geographical and political determinants of FDI : an Extreme Bounds Analysis
Chanegriha, Melisa, Stewart, Chris and Tsoukis, Christopher, 2017, Empirical Economics (52), 2, pp 759-776
Efficiency in the Vietnamese banking system : a DEA double bootstrap approach
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris, 2016, Research in International Business and Finance (36), pp 96-111
Monetary policy and the banking sector in Turkey
Akinci, Dervis Ahmet, Matousek, Roman, Radic, Nemanja and Stewart, Chris, 2013, (27), pp 269-285
The contribution of US bond demand to the US bond yield conundrum of 2004–2007: An empirical investigation
Goda, Thomas, Lysandrou, Photis and Stewart, Chris, 2013, (27), pp 113-136
Concentration and efficiency in the Vietnamese banking system between 1999 and 2009: a structural model approach
Nguyen, Thao Ngoc and Stewart, Chris, 2013, Journal of Financial Regulation and Compliance (21), 3, pp 268-283
Is the consumption-income ratio stationary? Evidence from linear and non-linear panel unit root tests for OECD and non-OECD countries
Cerrato, Mario, de Peretti, Christian and Stewart, Chris, 2013, The Manchester School (81), 1, pp 102-120
Ratings assignments: lessons from international banks
Caporale, Guglielmo Maria, Matousek, Roman and Stewart, Chris, 2012, Journal of International Money and Finance (31), 6, pp 1593-1606
A note on spurious significance in regressions involving I(0) and I(1) variables
Stewart, Chris, 2011, Empirical Economics (41), 3, pp 565-571
A note comparing support vector machines and ordered choice models’ predictions of international banks’ ratings
Bellotti, Tony, Matousek, Roman and Stewart, Chris, 2011, Decision Support Systems (51), 3, pp 682-687
Are rating agencies’ assignments opaque? Evidence from international banks
Bellotti, Tony, Matousek, Roman and Stewart, Chris, 2011, Expert Systems with Applications (38), 4, pp 4206-4214
EU banks rating assignments: is there heterogeneity between new and old member countries?
Caporale, Guglielmo Maria, Matousek, Roman and Stewart, Chris, 2011, Review of International Economics (19), 1, pp 189-206
Formation of Islamic identity: A case study of university students
Alizadeh, Parvin and Stewart, Chris, 2009, International Journal of Interdisciplinary Social Sciences (3), 12, pp 1-14
A note on ratings of international banks
Matousek, Roman and Stewart, Chris, 2009, Journal of Financial Regulation and Compliance (17), 2, pp 146-155
Determinants of Turkish fund managers' performance
Masood, Omar, Stewart, Chris and Sultan, Naif, 2009, International Journal of Monetary Economics and Finance (2), 1, pp 26-43
Determinants of non-performing loans and banking costs during the 1999-2001 Turkish banking crisis
Masood, Omar and Stewart, Chris, 2009, International Journal of Risk Assessment and Management (11), 1/2, pp 20-38
Predicting international banks’ ratings with financial ratios
Matousek, Roman and Stewart, Chris, 2008, (2), pp 34-41
Determinants of returns and decision making of Turkish fund managers: survey evidence from four banks
Masood, Omar, Stewart, Chris and Sultan, Naif, 2007, International Review of Business Research Papers (3), 2, pp 204-220
Control mechanisms and firm performance in joint ventures: evidence from Greek joint ventures in Eastern Europe
Salavrakos, Ioannis-Dionysios and Stewart, Chris, 2006, Global Business and Economics Anthology (II), pp 446-463
Partner selection criteria as determinants of firm performance in joint ventures: evidence from Greek joint ventures in Eastern Europe
Salavrakos, Ioannis-Dionysios and Stewart, Chris, 2006, Eastern European Economics (44), 3, pp 60-78
Spurious correlation of I(0) regressors in models with an I(1) dependent variable
Stewart, Chris, 2006, Economics Letters (91), 2, pp 184-189
Regional development of small firms in Poland
Ghatak, Subrata, Mulhern, Alan and Stewart, Chris, 2005, Economic Change and Restructuring (38), 2, pp 129-146
Liquidity constraints, precautionary saving and aggregate consumption: an international comparison
Sarantis, Nick and Stewart, Chris, 2003, Economic Modelling (20), 6, pp 1151-1173
Long-term decline of small and medium size enterprise share
Mulhern, Alan and Stewart, Chris, 2003, Small Business Economics (21), 3, pp 215-228
Determinants of intended expansion of Polish small firms
Ghatak, Subrata, Mulhern, Alan and Stewart, Chris, 2003, Journal of Policy Modeling (25), 3, pp 287-296
An international comparison of long-run consumer behaviour
Stewart, Chris, 2003, European Research Studies Journal (VI), 1-2, pp 145-168
Unobserved components in an error-correction model of consumption for Southern European countries
Sarantis, Nick and Stewart, Chris, 2001, Empirical Economics (26), 2, pp 391-405
Saving behaviour in OECD countries: evidence from panel cointegration tests
Sarantis, Nick and Stewart, Chris, 2001, The Manchester School (69), s1, pp 22-41
The ERM effect, conflict and inflation in the European Union
Sarantis, Nick and Stewart, Chris, 2000, International Review of Applied Economics (14), 1, pp 25-43
Long and short run determinants of small and medium size enterprise share: the case of Venezuelan manufacturing
Mulhern, Alan and Stewart, Chris, 1999, Economics of Planning (32), 3, pp 191-209
Is the consumption-income ratio stationary? Evidence from panel unit root tests
Sarantis, Nick and Stewart, Chris, 1999, Economics Letters (64), 3, pp 309-314
Reinterpreting the DHSY (1978) consumption function with hindsight
Stewart, C, 1998, Applied Economics (30), 4, pp 477-489
Structural, VAR and BVAR models of exchange rate determination: a comparison of their forecasting performance
Sarantis, Nicholas and Stewart, Chris, 1995, Journal of Forecasting (14), 3, pp 201-215
Monetary and asset market models for sterling exchange rates: a cointegration approach
Sarantis, Nicholas and Stewart, Chris, 1995, Journal of Economic Integration (10), 3, pp 335-371
Seasonality, cointegration and the long-run purchasing power parity: evidence for sterling exchange rates
Sarantis, Nick and Stewart, Chris, 1993, Applied Economics (25), 2, pp 243-250
The autoregressive distributed lag bounds test generalised to consider a long-run levels relationship when all levels variables are I(0)
Stewart, Christopher (2023). Kingston Upon Thames, U.K.: (Kingston University)
Re-evaluating whether absolute or relative purchasing power parity is being tested when using price indices
Stewart, Chris (2023). Kingston upon Thames, U.K.: (Kingston University)
Does the exogeneity of oil prices matter in the oil price-macro-economy relationship for Ghana?
Zankawah, Mutawakil M. and Stewart, Chris (2019). Kingston upon Thames, U.K.: (School of Law, Social and Behavioural Sciences)
Measuring volatility spill-over effects of crude oil prices on Ghana’s exchange rate and stock market between 1991 and 2015
Zankawah, Mutawakil M. and Stewart, Chris (2019). Kingston upon Thames, U.K.: (School of Law, Social and Behavioural Sciences)
Is the consumption-income ratio stationary in African countries? Evidence from new time series tests that allow for structural breaks
Solarin, Sakiru Adebola, Shahbaz, Muhammad and Stewart, Chris (2018). Kingston, U.K.: (School of Law, Social and Behavioural Sciences)
Risk management of the Vietnamese banking system: A market research survey
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2016). Kingston upon Thames, U.K.: (Faculty of Arts and Social Sciences, Kingston University)
Performance of the banking sector of a developing country: a non-structural model using the disequilibrium approach
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2016). Kingston upon Thames, U.K.: (Faculty of Arts and Social Sciences, Kingston University)
Absolute income inequality and rising house prices
Goda, Thomas, Stewart, Chris and Torres García, Alejandro (2016). Medellín, Colombia: (Universidad EAFIT, Center for Research in Economics and Finance)
Performance of the banking sector of a developing country: A non-structural model using the disequilibrium approach
Matousek, Roman, Nguyen, Thao and Stewart, Chris (2015). (Social Science Research Network)
Is there a lead-lag relationship for country ratings?
Matousek, Roman and Stewart, Chris (2015). Kent, U.K.: (University of Kent)
Identifying the robust economic, geographical and political determinants of FDI: an extreme bounds analysis
Chanegriha, Melisa, Stewart, Chris and Tsoukis, Chris (2014). Kingston upon Thames, U.K.: (Faculty of Arts and Social Sciences, Kingston University)
Efficiency in the Vietnamese banking system: A DEA double bootstrap approach
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2014). Kingston upon Thames, U.K.: (Faculty of Arts and Social Sciences, Kingston University)
Market structure in the banking sector: evidence from a developing economy
Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2013). Kingston upon Thames, U.K.: (Faculty of Arts and Social Sciences, Kingston University)
Determinants of international banks' ratings
Matousek, Roman and Stewart, Chris(2008). In: Second International Credit Risk and Rating Conference, 8-10 May 2008 :Ankara, Turkey