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Industrial economics: innovation, industrial evolution and green technology

View over the Thames, London, 2012; industry, redevelopment and the City.

The Economics discipline at the OU has built up, since the 1990s, an innovative specialism in industrial economics - notably in the leading-edge field of evolutionary industrial theory and its implications for industrial and regulatory policy. Our expertise is acknowledged to have been one key element in the winning of the ESRC Innogen research centre, and the continuation of the Innogen Institute which includes several members of the discipline. We took the lead in building up cross-faculty expertise in industrial development and innovation through the IKD research centre, which brings together innovation researchers in health, human capabilities and finance.

The current group of industrial economists research the topics of industrial dynamics, industrial development, industrial finance and the implications of technical change, as well as the relationships and processes of finance and innovation.

Qualifications available:

PhD or MPhil


For detailed information on current fees visit Fees and funding.

Entry requirements:

Minimum 2:1 (or equivalent), with masters degree preferred

Potential research projects

Topics could include:

  • Industrial development and innovation
  • Evolutionary economics and theory of development
  • Financial markets and innovation
  • Innovation theory and models of innovation
  • Firm capabilities, growth and innovation systems (national, regional or sectoral)
  • Health, innovation and equity
  • Finance, innovation and development
  • Financialisation and innovation
  • Studies of pharmaceutical, biotechnology, environment and renewables firms and industries.

Further information

If you have an enquiry specific to this research area please contact:

Ms Jan Smith
+44 (0)1908 654456

For general enquiries please contact the Research Degrees Team via the link under 'Your Questions' on the right of the page.