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My dissertation argues that differences in technological capabilities are important determinants of intra-Eurozone current account imbalances. Two free trading countries with different technological capabilities inevitably lead to relative unit labour cost and trade imbalances. Firms in the leader country set higher mark-ups and in aggregate engender lower unit labour cost. What appears as wage suppression or even price competitiveness masks the fact that a country is on a higher technological frontier. I show that a steady state technology gap and relative unit labour cost are dynamically unstable and, thus, divergence is the norm. It follows that closing the technology gap between Eurozone core and periphery is central to reduce asymmetries like structural trade imbalances.
I am a PhD student in Economics at Kingston University who works on Economic Development & Growth, International Economics, Inequality, Political Economy, Public Economics, Open Economy Macroeconomics and Caribbean Economic History.
I am the coordinator of INET's Young Scholars Initiative's Economic Development working group and a member of the Political Economy Research Group (PERG) at Kingston University. I am also a Principal Investigator for The Heterodox Development Economics Research Program at the IGDC, University of York. The project aims to synthesize structuralism with new currents in development economics to better understand the causes and potential remedies of underdevelopment. My PhD dissertation focuses on technology gaps and trade imbalances in the Eurozone. I was a Teaching Fellow at SOAS, University of London where I taught Macroeconomics and Econometrics at the Undergraduate and Postgraduate levels respectively.
My work has appeared in Social and Economic Studies, Journal of Economic Structures, Nova Economia, Journal of Developing Country Studies, New School Economic Review, International Finance Review and Journal of Australian Political Economy.
Refereed Journal Articles
Geography, Economic Structures and Institutions: A Synthesis (co-author: Tarron Khemraj), Structural Change and Economic Dynamics, Forthcoming.
The Rise of Income Inequality in Guyana, Social and Economic Studies, 66(3&4):65-95.
Economic Structures, Institutions and Economic Performance, Journal of Economic Structures, 6(2):1-18.
Neoliberalism, Trade Imbalances and Economic Policy in the Eurozone Crisis, (co-authors: Engelbert Stockhammer & Severin Reissl), Nova Economia, Special Issue, 25:749-775.
Growth and Distribution in Guyana, Journal of Developing Country Studies, 5(19):62-71.
How Nations Succeed: A Review of the Reversal of Fortune Thesis, (co-author: Ingrid Harvold Kvangraven), New School Economic Review, 7(10):28-37.
Rethinking the Twin Deficits, Journal of Australian Political Economy, (74):58-80.
Refereed Book Chapters
Competitiveness and Macroeconomic Imbalances in Eurozone Countries, In: Rajmund Mirdalaand Rosaria Rita Canale (eds.): Economic Imbalances and Institutional Changes to the Euro andthe European Union, International Finance Review: Emerald Publishing Limited, (18):223-242.
Constantine, Collin and Khemraj, Tarron (2019) Geography, economic structures and institutions : a synthesis. Structural Change and Economic Dynamics, 51, pp. 371-379. ISSN (print) 0954-349X
Constantine, Collin, Reissl, Severin and Stockhammer, Engelbert (2016) Neoliberalism, trade imbalances and economic policy in the Eurozone crisis. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 33 p. (Economics Discussion Papers, no. 2016-03)
Constantine, Collin M. (2020) Essays in open economy macroeconomics : technological gaps, income distribution and the balance of payments constraint. (PhD thesis), Kingston University, .
Class Conflict, Fiscal Policy, and Wage-led Demand: A Model of Kalecki's Political BusinessCycle (co-author: Giorgos Gouzoulis). Submitted: Corvinus Journal of Sociology and Social Policy.
Whither CSME? A Reply to The Golding Report. Submitted: Social and Economic Studies.
A Community Divided: Top Incomes in CARICOM Member States. Revise & resubmitted: European Journal of Development Research.
Income Inequality and Redistribution in Small Open Economies. Revise & resubmit: Public Finance Review.
Changing the Rules vs. Breaking the Rules: Corruption in Rich and Poor Countries. Revise & resubmitted: Journal of Economic Issues.
Book Manuscripts in Preparation
Foreign Exchange Management, Inequality and Growth In Emerging Economies (co-author: Tarron Khemraj), Palgrave Macmillan, Completion date: March 2019.