Dr Chris Stewart

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 and 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.

Academic responsibilities

Senior Lecturer

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

Teaching and learning

Research

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: 

  • Google Scholar webpage: https://scholar.google.co.uk/citations?user=VujfSVkAAAAJ&hl=en&oi=sra
  •  ResearchGate webpage: https://www.researchgate.net/profile/Chris_Stewart
  •  Academia.edu website: https://kingston.academia.edu/ChrisStewart

Publications

Number of items: 58.

Article

Omay, Tolga, Shahbaz, Muhammad and Stewart, Chris (2021) Is there really hysteresis in the OECD unemployment rates? New evidence using a Fourier panel unit root test. Empirica, 48, pp. 875-901. ISSN (print) 0340-8744

Solarin, Sakiru Adebola and Stewart, Chris (2021) Is the reports-based measure of uncertainty stationary? Evidence from a new panel residual augmented least squares unit root test. Singapore Economic Review, ISSN (print) 0217-5908 (Epub Ahead of Print)

Goda, Thomas, Stewart, Chris and Torres Garcia, Alejandro (2020) Absolute income inequality and rising house prices. Socio-Economic Review, 18(4), pp. 941-976. ISSN (print) 1475-1461

Chanegriha, Melisa, Stewart, Chris and Tsoukis, Christopher (2020) Testing for causality between FDI and economic growth using heterogeneous panel data. Journal of International Trade & Economic Development, 29(5), pp. 546-565. ISSN (print) 0963-8199

Zankawah, Mutawakil M. and Stewart, Chris (2020) Measuring the volatility spill-over effects of crude oil prices on the exchange rate and stock market in Ghana. Journal of International Trade & Economic Development, 29(4), pp. 420-439. ISSN (print) 0963-8199

Chen, Zhonhgfei, Matousek, Roman, Stewart, Chris and Webb, Rob (2019) Do rating agencies exhibit herding behaviour? Evidence from sovereign ratings. International Review of Financial Analysis, 64, pp. 57-70. ISSN (print) 1057-5219

Matousek, R., Nguyen, T. N. and Stewart, C. (2018) Risk management of the banking system : an emerging market survey. Risk Governance and Control : financial markets and institutions, 8(3), pp. 7-20. ISSN (print) 2077-429X

Solarin, Sakiru Adebola, Shahbaz, Muhammad and Stewart, Chris (2018) Is the consumption-income ratio stationary in African countries? Evidence from new time series tests that allow for structural breaks. Applied Economics, 50(38), pp. 4122-4136. ISSN (print) 0003-6846

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2018) Market structure in the Vietnamese banking system : a non-structural approach. Journal of Financial Regulation and Compliance, 26(1), pp. 103-119. ISSN (print) 1358-1988

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2017) Note on a non-structural model using the disequilibrium approach : evidence from Vietnamese banks. Research in International Business and Finance, 41, pp. 125-135. ISSN (print) 0275-5319

Chanegriha, Melisa, Stewart, Chris and Tsoukis, Christopher (2017) Identifying the robust economic, geographical and political determinants of FDI : an Extreme Bounds Analysis. Empirical Economics, 52(2), pp. 759-776. ISSN (print) 0377-7332

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2016) Efficiency in the Vietnamese banking system : a DEA double bootstrap approach. Research in International Business and Finance, 36, pp. 96-111. ISSN (print) 0275-5319

Akinci, Dervis Ahmet, Matousek, Roman, Radic, Nemanja and Stewart, Chris (2013) Monetary policy and the banking sector in Turkey. Journal Of International Financial Markets Institutions & Money, 27, pp. 269-285. ISSN (print) 1042-4431

Goda, Thomas, Lysandrou, Photis and Stewart, Chris (2013) The contribution of US bond demand to the US bond yield conundrum of 2004–2007: An empirical investigation. Journal of International Financial Markets Institutions & Money, 27, pp. 113-136. ISSN (print) 1042-4431

Nguyen, Thao Ngoc and Stewart, Chris (2013) Concentration and efficiency in the Vietnamese banking system between 1999 and 2009: a structural model approach. Journal of Financial Regulation and Compliance, 21(3), pp. 268-283. ISSN (print) 1358-1988

Cerrato, Mario, de Peretti, Christian and Stewart, Chris (2013) Is the consumption-income ratio stationary? Evidence from linear and non-linear panel unit root tests for OECD and non-OECD countries. The Manchester School, 81(1), pp. 102-120. ISSN (print) 1463-6786

Caporale, Guglielmo Maria, Matousek, Roman and Stewart, Chris (2012) Ratings assignments: lessons from international banks. Journal of International Money and Finance, 31(6), pp. 1593-1606. ISSN (print) 0261-5606

Stewart, Chris (2011) A note on spurious significance in regressions involving I(0) and I(1) variables. Empirical Economics, 41(3), pp. 565-571. ISSN (print) 0377-7332

Bellotti, Tony, Matousek, Roman and Stewart, Chris (2011) A note comparing support vector machines and ordered choice models’ predictions of international banks’ ratings. Decision Support Systems, 51(3), pp. 682-687. ISSN (print) 0167-9236

Bellotti, Tony, Matousek, Roman and Stewart, Chris (2011) Are rating agencies’ assignments opaque? Evidence from international banks. Expert Systems with Applications, 38(4), pp. 4206-4214. ISSN (print) 0957-4174

Caporale, Guglielmo Maria, Matousek, Roman and Stewart, Chris (2011) EU banks rating assignments: is there heterogeneity between new and old member countries? Review of International Economics, 19(1), pp. 189-206. ISSN (print) 0965-7576

Alizadeh, Parvin and Stewart, Chris (2009) Formation of Islamic identity: A case study of university students. International Journal of Interdisciplinary Social Sciences, 3(12), pp. 1-14. ISSN (print) 1833-1882

Matousek, Roman and Stewart, Chris (2009) A note on ratings of international banks. Journal of Financial Regulation and Compliance, 17(2), pp. 146-155. ISSN (print) 1358-1988

Masood, Omar, Stewart, Chris and Sultan, Naif (2009) Determinants of Turkish fund managers' performance. International Journal of Monetary Economics and Finance, 2(1), pp. 26-43. ISSN (print) 1752-0479

Masood, Omar and Stewart, Chris (2009) Determinants of non-performing loans and banking costs during the 1999-2001 Turkish banking crisis. International Journal of Risk Assessment and Management, 11(1/2), pp. 20-38. ISSN (print) 1466-8297

Matousek, Roman and Stewart, Chris (2008) Predicting international banks’ ratings with financial ratios. Global Business & Economic Anthology, 2, pp. 34-41. ISSN (print) 1553-1392

Masood, Omar, Stewart, Chris and Sultan, Naif (2007) Determinants of returns and decision making of Turkish fund managers: survey evidence from four banks. International Review of Business Research Papers, 3(2), pp. 204-220. ISSN (print) 1837-5685

Salavrakos, Ioannis-Dionysios and Stewart, Chris (2006) Control mechanisms and firm performance in joint ventures: evidence from Greek joint ventures in Eastern Europe. Global Business and Economics Anthology, II, pp. 446-463. ISSN (print) 1553-1392

Salavrakos, Ioannis-Dionysios and Stewart, Chris (2006) Partner selection criteria as determinants of firm performance in joint ventures: evidence from Greek joint ventures in Eastern Europe. Eastern European Economics, 44(3), pp. 60-78. ISSN (print) 0012-8775

Stewart, Chris (2006) Spurious correlation of I(0) regressors in models with an I(1) dependent variable. Economics Letters, 91(2), pp. 184-189. ISSN (print) 0165-1765

Ghatak, Subrata, Mulhern, Alan and Stewart, Chris (2005) Regional development of small firms in Poland. Economic Change and Restructuring, 38(2), pp. 129-146. ISSN (print) 1573-9414

Sarantis, Nick and Stewart, Chris (2003) Liquidity constraints, precautionary saving and aggregate consumption: an international comparison. Economic Modelling, 20(6), pp. 1151-1173. ISSN (print) 0264-9993

Mulhern, Alan and Stewart, Chris (2003) Long-term decline of small and medium size enterprise share. Small Business Economics, 21(3), pp. 215-228. ISSN (print) 0921-898X

Ghatak, Subrata, Mulhern, Alan and Stewart, Chris (2003) Determinants of intended expansion of Polish small firms. Journal of Policy Modeling, 25(3), pp. 287-296. ISSN (print) 0161-8938

Stewart, Chris (2003) An international comparison of long-run consumer behaviour. European Research Studies Journal, VI(1-2), pp. 145-168. ISSN (print) 1108-2976

Sarantis, Nick and Stewart, Chris (2001) Unobserved components in an error-correction model of consumption for Southern European countries. Empirical Economics, 26(2), pp. 391-405. ISSN (print) 0377-7332

Sarantis, Nick and Stewart, Chris (2001) Saving behaviour in OECD countries: evidence from panel cointegration tests. The Manchester School, 69(s1), pp. 22-41. ISSN (print) 1463-6786

Sarantis, Nick and Stewart, Chris (2000) The ERM effect, conflict and inflation in the European Union. International Review of Applied Economics, 14(1), pp. 25-43. ISSN (print) 0269-2171

Mulhern, Alan and Stewart, Chris (1999) Long and short run determinants of small and medium size enterprise share: the case of Venezuelan manufacturing. Economics of Planning, 32(3), pp. 191-209. ISSN (print) 1573-9414

Sarantis, Nick and Stewart, Chris (1999) Is the consumption-income ratio stationary? Evidence from panel unit root tests. Economics Letters, 64(3), pp. 309-314. ISSN (print) 0165-1765

Stewart, C (1998) Reinterpreting the DHSY (1978) consumption function with hindsight. Applied Economics, 30(4), pp. 477-489. ISSN (print) 0003-6846

Sarantis, Nicholas and Stewart, Chris (1995) Structural, VAR and BVAR models of exchange rate determination: a comparison of their forecasting performance. Journal of Forecasting, 14(3), pp. 201-215. ISSN (print) 0277-6693

Sarantis, Nicholas and Stewart, Chris (1995) Monetary and asset market models for sterling exchange rates: a cointegration approach. Journal of Economic Integration, 10(3), pp. 335-371. ISSN (print) 1225-651X

Sarantis, Nick and Stewart, Chris (1993) Seasonality, cointegration and the long-run purchasing power parity: evidence for sterling exchange rates. Applied Economics, 25(2), pp. 243-250. ISSN (print) 0003-6846

Conference or Workshop Item

Matousek, Roman and Stewart, Chris (2008) Determinants of international banks' ratings. In: Second International Credit Risk and Rating Conference; 8-10 May 2008, Ankara, Turkey.

Monograph

Stewart, Christopher (2023) The autoregressive distributed lag bounds test generalised to consider a long-run levels relationship when all levels variables are I(0). (Technical Report) Kingston Upon Thames, U.K. : Kingston University. 62 p. (Economics Discussion Papers)

Stewart, Chris (2023) Re-evaluating whether absolute or relative purchasing power parity is being tested when using price indices. (Discussion Paper) Kingston upon Thames, U.K. : Kingston University. (Economics Discussion Paper, no. 2023-1)

Zankawah, Mutawakil M. and Stewart, Chris (2019) Does the exogeneity of oil prices matter in the oil price-macro-economy relationship for Ghana? (Discussion Paper) Kingston upon Thames, U.K. : School of Law, Social and Behavioural Sciences. 47 p. (Economics Discussion Paper, no. 2019-2)

Zankawah, Mutawakil M. and Stewart, Chris (2019) Measuring volatility spill-over effects of crude oil prices on Ghana’s exchange rate and stock market between 1991 and 2015. (Discussion Paper) Kingston upon Thames, U.K. : School of Law, Social and Behavioural Sciences. 41 p. (Economics Discussion Papers, no. 2019-1)

Solarin, Sakiru Adebola, Shahbaz, Muhammad and Stewart, Chris (2018) Is the consumption-income ratio stationary in African countries? Evidence from new time series tests that allow for structural breaks. (Discussion Paper) Kingston, U.K. : School of Law, Social and Behavioural Sciences. 25 p. (Economics Discussion Papers, no. 2018-2)

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2016) Risk management of the Vietnamese banking system: A market research survey. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 28 p. (Economics Discussion Paper, no. 2016-10)

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2016) Performance of the banking sector of a developing country: a non-structural model using the disequilibrium approach. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 27 p. (Economics Discussion Papers, no. 2016-02)

Goda, Thomas, Stewart, Chris and Torres García, Alejandro (2016) Absolute income inequality and rising house prices. (Working Paper) Medellín, Colombia : Universidad EAFIT, Center for Research in Economics and Finance. 37 p. (Working Paper Series, no. 16-31)

Matousek, Roman, Nguyen, Thao and Stewart, Chris (2015) Performance of the banking sector of a developing country: A non-structural model using the disequilibrium approach. (Working Paper) Social Science Research Network. 27 p.

Matousek, Roman and Stewart, Chris (2015) Is there a lead-lag relationship for country ratings? (Working Paper) Kent, U.K. : University of Kent. 44 p. (Kent Business School Working Paper Series, no. 310) (Unpublished)

Chanegriha, Melisa, Stewart, Chris and Tsoukis, Chris (2014) Identifying the robust economic, geographical and political determinants of FDI: an extreme bounds analysis. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 47 p. (Economics Discussion Paper, no. 2014-04)

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2014) Efficiency in the Vietnamese banking system: A DEA double bootstrap approach. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 30 p. (Economics Discussion Paper, no. 2014-01)

Matousek, Roman, Nguyen, Thao Ngoc and Stewart, Chris (2013) Market structure in the banking sector: evidence from a developing economy. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 23 p. (Economics Discussion Paper, no. 2013/01)

This list was generated on Tue Dec 3 04:35:29 2024 GMT.

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