Staff Profile
Professor Giorgio Fazio
Prof of Macroeconomics
- Email: giorgio.fazio@ncl.ac.uk
- Telephone: +44 (0) 191 208 1642
- Address: Newcastle University Business School
7th Floor, Room 7.16
5 Barrack Road
Newcastle upon Tyne
NE1 4SE
Background
Giorgio joined Newcastle University in 2013 from the University of Palermo. He has been Visiting Professor at the University of Malta, Honorary Research Fellow at the University of Glasgow, Visiting Scholar at the International Monetary Fund, and Consultant to the World Bank.
He holds a BA (Hons) from the University of Palermo, an MSc in Economics from the University of Glasgow and a Ph.D. in Economics from the University of Strathclyde.
Research
Giorgio’s research interests revolve around international macroeconomics, international finance, international trade, regional economics and economic geography, innovation, institutions, civic and human capital, the creative industries.
On the above topics, he has published papers in leading international journals, such as Journal of International Money and Finance, Journal of Development Economics, Journal of Banking and Finance, Journal of Financial Stability, Journal of Money, Credit & Banking, Regional Studies, Journal of Regional Science, Open Economies Review, International Regional Science Review, Growth and Change, International Review of Law and Economics, and in international edited books.
For greater detail on papers and projects, please visit
https://sites.google.com/site/giorgiofazio/
Teaching
Advanced Macroeconomics
Publications
- Di Novo S, Fazio G, Sapsed J, Siepel J. Starving the golden goose? Access to finance for innovators in the creative industries. Journal of Cultural Economics 2022, 46, 346-386.
- Aronica M, Fazio G, Piacentino D. A micro-founded approach to regional innovation in Italy. Technological Forecasting and Social Change 2022, 176, 121494.
- Aronica M, Fazio G, Piacentino D. SMEs' heterogeneity at the extensive margin and within the intensive margin of trade. Journal of International Trade and Economic Development 2021, 30(3), 439-467.
- Enilov M, Fazio G, Ghoshray A. Global connectivity between commodity prices and national stock markets: A time‐varying MIDAS analysis. International Journal of Finance & Economics 2021, ePub ahead of print.
- Sleibi Y, Casalin F, Fazio G. Bank-specific shocks and aggregate leverage: Empirical evidence from a panel of developed countries. Journal of Financial Stability 2020, 49, 100743.
- Valenti D, Fazio G, Spagnolo B. Stabilizing effect of volatility in financial markets. Physical Review E 2018, 97(6), 062307.
- Fazio G, Piacentino D. Convergence analysis for hierarchical longitudinal data. Economic Modelling 2018, 73, 89-99.
- Fazio G, Maltese E, Piacentino D. Early Propensity to Migrate: A Descriptive Analysis from A Survey of Schooled Teenagers in a Southern Italian City. In: Bellandi, M; Biagi, B; Faggian, A; Marrocu, E; Usai, S, ed. Regional development trajectories beyond the crisis. Percorsi di sviluppo regionale oltre la crisi. FrancoAngeli Edizioni, 2018, pp.175-184.
- Bordo M, Choudri E, Fazio G, MacDonald R. The real exchange rate in the long run: Balassa-Samuelson effects reconsidered. Journal of International Money and Finance 2017, 75, 69-92.
- Agnello L, Fazio G, Sousa RM. National Fiscal Consolidations and Regional Inequality in Europe. Cambridge Journal of Regions, Economy and Society 2016, 9(1), 59-80.
- Fazio G, Modica M. Pareto or Log-normal? best fit and truncation in the distribution of all cities. Journal of Regional Science 2015, 55(5), 736-756.
- Fazio G, Maltese E. Agglomeration externalities and the productivity of Italian firms. Growth and Change 2015, 46(3), 354-378.
- Fazio G, Maltese E, Piacentino D. The Verdoorn Law at the regional level: Evidence from Europe. Rivista di Economia e Statistica del Territorio 2014, (2), 34-47.
- Byrne JP, Fazio G, Fiess N. Primary commodity proces: Co-movements, common factors and fundamentals. Journal of Development Economics 2013, 101, 16-26.
- Fazio G, Lavecchia L. Social capital formation across space. Proximity and trust in European regions. International Regional Science Review 2013, 36(3), 396-321.
- Fazio G, Maltese E, Piacentino D. Estimating Verdoorn Law for Italian firms and regions. Letters in Spatial and Resource Sciences 2013, 6(1), 45-54.
- Byrne JP, Fazio G, Fiess N. Interest rate co-movements, global factors and the long end of the term spread. Journal of Banking & Finance 2012, 36(1), 183-192.
- Fazio G, Piacentino D. A spatial multilevel analysis of Italian SMEs' productivity. Spatial Economic Analysis 2010, 5(3), 299-316.
- Byrne JP, Fazio G, Fiess N. The global side of the investment-saving puzzle. Journal of Money, Credit and Banking 2009, 41(5), 1033-1040.
- Byrne JP, Fazio G, Piacentino D. Total factor productivity convergence among Italian regions: Some evidence from panel unit root tests. Regional Studies 2009, 43(1), 63-76.
- Stephen FH, Fazio G, Tata C. Incentives, criminal defense lawyers and plea bargaining. International Review of Law and Economics 2008, 28(3), 212-219.
- Fazio G, MacDonald R, Mélitz J. Trade costs, trade balance and current accounts: an application of gravity to multilateral trade. Open Economies Review 2008, 19, 557-578.
- Di Novo S, Fazio G, Vermeulen W. 12 facts about the UK’s international trade in creative goods and services. London: Creative Industries Policy and Evidence Centre, 2020. PEC Research Report.
- Fazio G. A Review of Creative Trade in the Economics literature. Creative Industries Policy and Evidence Centre, 2021. Available at: https://www.pec.ac.uk/discussion-papers/a-review-of-creative-trade-in-the-economics-literature.
- Di Novo S, Fazio G, Maioli S. Creative firms and trade: some stylised facts from the CIC Access to Finance Survey. Creative Industries Policy and Evidence Centre, 2021. Available at: https://www.pec.ac.uk/discussion-papers/creative-firms-and-trade.
- Maioli S, Di Novo S, Fazio G, Sapsed J, Vermeulen W. The UK’s International Creative Trade: A Review of the Official Data Sources. Creative Industries Policy and Evidence Centre, 2021. Available at: https://www.pec.ac.uk/discussion-papers/the-uks-international-creative-trade-a-review-of-the-official-data-sources.
- Vermeulen W, Di Novo S, Fazio G. International creative students: their significance for UK universities, regions and the creative industries. Creative Industries Policy and Evidence Centre, 2020. Available at: https://www.pec.ac.uk/discussion-papers/international-creative-students-their-significance-for-uk-universities-regions-and-the-creative-industries.