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Huy Nguyen joined Oxford Brookes in January 2019 and the title of their thesis is 'Globalization, Economic Growth and Inequality: An empirical global study'.
I first heard about Oxford Brookes University while applying for my undergraduate studies.
My interest in macroeconomics grew as part of my development through undergraduate and postgraduate studies in Economics. Globalization is a huge part of macroeconomics. Furthermore, my supervisors are experts in my chosen topic and since I already developed a good connection with them, I decided to stay at Oxford Brookes University.
I studied BSc Economics, Finance and International Business and MSc International Business Economics, both at Oxford Brookes University.
Settling into the research environment at the start was a bit tricky for me. This was mostly because of the jump between being an MSc and a PhD student. There is more individual responsibility to being a PhD student. However, my supervisors are very supportive and it is easy to communicate with them regarding any problems that occur. The Research Degrees Team is very welcoming, have good facilities, and offer training programmes that help to build personal skills.
My research project regards globalization, economic growth and inequality as three variables linked to one discussion. The geographical context of my research is global.
A literature review on globalization, economic growth and inequality provides mixed results, with some studies indicating that globalization has a positive effect on economic growth, while others suggest that globalization has a negative effect on inequality at the national and international level. Income inequality has also been found to hinder economic growth particularly in developing countries, while the opposite was found for developed countries.
The majority of studies in today’s empirical literature focus on two aspects: globalization and economic growth, or globalization and inequality. There is a gap in the literature that joins these three aspects together. Furthermore, most of the existing literature focuses on the economic aspects to indicators such as inequality by using income measures. My study will use the latest data to connect all three indicators of globalization, economic growth and inequality together.
The sample size of my study will be a large panel of over 100 countries during the period 2000-2017. To form my new social inequality index, I will use the Principal Component Analysis method. The study consists of secondary data from the World Bank. The panel tests will include panel unit root tests, panel cointegration, panel regressions (mean group and pooled mean group), and panel Granger causality tests. As part of the running of tests, globalization, economic growth and inequality will be one global study but I will also assess the results regionally (Asia, Europe, Africa, Central America, etc.) and in groups of developing, developed and underdeveloped countries (following the income classification provided by the WB-WDI).
The findings will be used to create policy recommendations and will be of great interest to academics and policymakers worldwide.
Being a research student is unique because it enables you to research whatever topic you want. It also gives you the independence regarding managing your own work.
Macroeconomics has always been my interest and globalization fits perfectly. I also enjoy dealing with numbers and large sets of data in econometrics, and studying in general. Being a PhD student while also having friends studying at undergraduate or postgraduate levels gives me a sense of responsibility. By drawing on my prior academic experience, I can help them mentally to resolve any problems that they have. It makes me happy knowing that they look up to me as a mentor.
The research training offered by Oxford Brookes is excellent. Workshops including “Introduction to teaching and learning in higher education”, “Doctoral 20/20 Seminars”, “Preparing for your literature review” and “Applied Financial Econometrics” helped me to prepare and write my research. My supervisors are also very helpful in using their expertise to assist me where necessary.
My future plans are to complete my PhD by the age of 25 and pursue a career in academia or policymaking.