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Markus Eberhardt

Associate Professor, Faculty of Social Sciences

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Biography

Markus joined the School of Economics in September 2011 as a Lecturer (Assistant Professor) in Economics and was promoted to Associate Professor in 2017. Prior to coming to Nottingham he held an ESRC post-doctoral research fellowship at the Centre for the 糖心原创 of African Economies in the Department of Economics at Oxford, where he also completed his Masters and DPhil. His first degree was in Modern Chinese Studies and he has spent over three years studying and conducting research in China.

Current working papers are listed among publications below and together with research in progress can be viewed on Markus' personal website:

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Teaching Summary

During the academic year 2025/26 Markus teaches the dissertation lectures for the final year undergraduates (Semester 1) and acts as convenor for this module. He also supervises dissertations for UG… read more

Research Summary

Markus' research is focused on the following areas: first, productivity analysis at the macro level, where he recently completed a project entitled 'Knowledge Accumulation and Diffusion: Analysing… read more

Selected Publications

  • RACHEL CHO, RODOLPHE DESBORDES and MARKUS EBERHARDT, 2025. Oxford Bulletin of Economics and Statistics. (In Press.)
  • VANESSA BOESE-SCHLOSSER and MARKUS EBERHARDT, 2024. The Review of Economics and Statistics. forthcoming, (In Press.)
  • RODOLPHE DESBORDES and MARKUS EBERHARDT, 2024. Journal of Environmental Economics and Management. 125(102974),
  • MARKUS EBERHARDT, GIOVANNI FACCHINI and VALERIA RUEDA, 2023. Economic Journal. 133(655), 2676鈥�2708

Markus has the following administrative roles within the School of Economics:

  • Director of Undergraduate Admissions and UNIC Liaison
  • Committee Member, Marketing, Admissions and Careers (MAC) Committee
  • Committee Member, School Equality, Diversity and Inclusion (EDI) Committee

At the university level, Markus is an Investigating Officer in Employment Relations.

During the academic year 2025/26 Markus teaches the dissertation lectures for the final year undergraduates (Semester 1) and acts as convenor for this module. He also supervises dissertations for UG and PhD students.

Current Research

Markus' research is focused on the following areas: first, productivity analysis at the macro level, where he recently completed a project entitled 'Knowledge Accumulation and Diffusion: Analysing Heterogeneity in an Interconnected World,' funded by the ESRC (UK Economic and Social Research Council). Recent work on with collaborators from Ghent University is published in the Journal of International Economics (2020). A second area relates to the analysis of financial crises since the 19th century and in the past forty years: completed papers on banking crises in low income countries , published in the Journal of International Economics (2021), and on sovereign default . looks at the 'too much finance' debate, also from a financial vulnerability angle. Third, research on the question of the economic 'dividend' of democratic regime change, available , (published in the Review of Economics and Statistics) and (published in the European Economic Review). He recently secured a Leverhulme Research Fellowship (2025-26) investigating 'democracy and geography' and funding from the ESRC CITP Innovation Fund to investigate 'Political Economy and Bilateral Trade Flows'. Many of the papers in these three strands of research adopt novel panel econometric methods to deal with concerns over identification/causality. Finally, and most recently, with colleagues at Nottingham he investigates gender differences in the academic job market using textual data from over 12,000 reference letters (see for a paper published in the Economic Journal) as well as experimental interventions (ongoing research).

All ongoing and published research can be viewed on his .

Markus is a Research Fellow (since 2025) at the Centre for Economic Policy Research (CEPR) in the Macro and Growth group. At Nottingham he is an internal research fellow in the Centre for Finance, Credit and Macroeconomics (CFCM), the Centre for Research in Economic Development and Trade (CREDIT), the Centre for Research on Globalisation and Economic Policy (GEP) and Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP). He has acted as a peer reviewer for grant applications to the ESRC, the Canadian SSHRC, the German DFG, and the Swiss National Science Foundation, among others, and has sat on commissioning panels for DfID-ESRC and ESRC funding calls. He is an Associate Editor for Empirical Economics (since 2018) and International Economics (since 2020) and is an external examiner for the MSc programmes at City, University of London.

  • RACHEL CHO, RODOLPHE DESBORDES and MARKUS EBERHARDT, 2025. Oxford Bulletin of Economics and Statistics. (In Press.)
  • VANESSA BOESE-SCHLOSSER and MARKUS EBERHARDT, 2024. The Review of Economics and Statistics. forthcoming, (In Press.)
  • RODOLPHE DESBORDES and MARKUS EBERHARDT, 2024. Journal of Environmental Economics and Management. 125(102974),
  • MARKUS EBERHARDT, GIOVANNI FACCHINI and VALERIA RUEDA, 2023. Economic Journal. 133(655), 2676鈥�2708
  • MARKUS EBERHARDT, 2022. European Economic Review. 147, 104173
  • MARKUS EBERHARDT and ANDREA PRESBITERO, 2021. Journal of International Economics. 131, 103474
  • MARKUS EBERHARDT and FRANCIS TEAL, 2020. Review of Income and Wealth. 66(2), 334-360
  • STEF DE VISSCHER, MARKUS EBERHARDT and GERDIE EVERAERT, 2020. Journal of International Economics. 125, 103325
  • MARKUS EBERHARDT, 2019. Macroeconomic Dynamics. 23(4), 1563-1585
  • MARKUS EBERHARDT and DIETRICH VOLLRATH, 2018. World Development. 109, 483-496
  • MARKUS EBERHARDT, HELMERS, CHRISTIAN and ZHIHONG YU, 2017. Oxford Economic Papers. 69(1), 239-262
  • MARKUS EBERHARDT, MARCEL FAFCHAMPS, CHRISTIAN HELMERS and MANASA PATNAM, 2016. Economics Letters. 145, 73-78
  • EBERHARDT, MARKUS and PRESBITERO, ANDREA, 2015. Journal of International Economics. 97(1), 45-58
  • MARKUS EBERHARDT, ZHENG WANG and ZHIHONG YU, 2015. Journal of Comparative Economics. 44(3), 608-622
  • EBERHARDT, M., HELMERS, C. and STRAUSS, H., 2013. Review of Economics and Statistics. 95(2), 436-448
  • EBERHARDT, M. and TEAL, F., 2013. World Bank Economic Review. 27(2), 229-271
  • EBERHARDT, M. and TEAL, F., 2012. Oxford Bulletin of Economics and Statistics.
  • EBERHARDT, M, 2012. Stata Journal. 12(1), 61-71
  • EBERHARDT, M. and TEAL, F., 2011. Journal of Economic Surveys. Vol 25(1), 109-155

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