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Professor Steve McCorriston

Professor Steve McCorriston

Professor of Agricultural Economics

3848

+44 (0) 1392 723848

0.38
Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK

Professor Steve McCorriston is currently Professor of Agricultural Economics. He was Head of the Department of Economics at the Business School from 2005 to 2011 and has previously served as Director for Research. He has acted as a consultant to the OECD, the UN FAO, DEFRA as well as private organisations. His research has informed the development of a bespoke tool for DEFRA for forecasting food price inflation in the UK. He is currently coordinating the Transparency of Food Pricing (TRANSFOP) project, a €1 Million EU-wide project funded by the European Commission, the Consortium involving 13 universities and research institutes across 10 EU countries.

Professor McCorriston has also recently been involved in a large research project funded by the Australian government on food security and market reforms in India. He is Editor of the European Review of Agricultural Economics (effective January 2012) and has previously served as an Associate Editor of the American Journal of Agricultural Economics.

Professor McCorriston’s research interests focus on commodity and food markets, with a particular emphasis on trade and competition issues. Related research covers FDI and taxation issues and the links between environmental policy and trade. He has presented his research widely including invited papers throughout Europe, North America and China. His research has been published widely and in 2008 was awarded the “Quality of Policy Contribution” prize for his paper with Donald MacLaren (University of Melbourne) for his paper on state trading published in the European Economic Review

Nationality: British

Qualifications

BA (Strath), MSc (R'dg)

Key publications | Publications by category | Publications by year

Key publications


Dreher A, Kotsogiannis C, McCorriston S (2009). How do institutions affect corruption and the shadow economy?. International Tax and Public Finance, 16, 773-796. Full text.
Herger N, Kotsogiannis C, McCorriston S (2008). Cross-border acquisitions in the global food sector. European Review of Agricultural Economics, 35(4), 563-587. Abstract.
McCorriston S, MacLaren D (2008). State Trading Enterprises as an Impediment to Market Access. Review of International Economics, 16(3), 431-443.

Publications by category


Books

McCorriston S (2015). Food Price Dynamics and Price Adjustment in the EU., Oxford University Press, USA. Abstract.

Journal articles

Davidson JEH, Halunga AG, Lloyd R, McCorriston S, Morgan W (In Press). World Commodity Prices and Domestic Retail Food Inflation: Some Insights from the UK. Journal of Agricultural Economics Abstract.  Full text.
McCorriston S, MacLaren D (2016). Food security, welfare, and partial de-regulation of parastatals. Oxford Economic Papers, 68(3), 836-856. Abstract.  Full text.
Herger N, McCorriston S (2016). Horizontal, Vertical, and Conglomerate Cross-Border Acquisitions. IMF Economic Review, 64(2), 319-353. Full text.
Herger N, Kotsogiannis C, McCorriston S (2015). Multiple taxes and alternative forms of FDI: evidence from cross-border acquisitions. International Tax and Public Finance Abstract.  Full text.
Lloyd TA, McCorriston S, Morgan CW, Poen E, Zgovu E (2014). Retail price dynamics and retailer heterogeneity: UK evidence. Economics Letters, 124(3), 434-438. Abstract.
McCorriston S, MacLaren D (2013). Domestic and Trade Equivalences of State Trading Importers. Review of International Economics, 21(5), 1006-1020. Full text.
Lloyd T, McCorriston S, Morgan W, Zgovu E (2013). European Retail Food Price Inflation. EuroChoices, 12(2), 37-44.
Finus M, Kotsogiannis C, McCorriston S (2013). International coordination on climate policies. Journal of Environmental Economics and Management, 66(2), 159-165. Abstract.
McCorriston S, Herger N (2013). On discrete location choice models. Economics Letters(2), 288-291. Abstract.
McCorriston S, MacLaren D (2013). Re-Distribution, State Trading Enterprises and 'Politically Optimal' Tariffs. Review of International Economics, 46(4), 1351-1379. Full text.
McCorriston S, MacLaren D (2013). State trading, exclusive rights and 'politically optimal' tariffs. Canadian Journal of Economics, 46(6), 1351-1379.
Finus M, Kotsogiannis C, McCorriston S (2013). The International Dimension of Climate Change Policy Introduction. Environmental and Resource Economics, 56(2), 151-160. Author URL.
McCorriston S, MacLaren D (2012). State Trading Enterprises as Non-Tariff Measures: Theory, Evidence, and Future Research Directions. Applied Economic Perspectives and Policy, 34(4), 696-723.
McCorriston S (2011). Competition, Agricultural Trade Reform and Developing Countries. Margin: the Journal of Applied Economic Research, 5(1), 31-46.
McCorriston S, Sheldon I (2011). Tariff (De-) Escalation with Successive Oligopoly. Review of Development Economics, 15(4), 587-600. Abstract.
McCorriston S, Maclaren D (2010). The Trade and Welfare Effects of State Trading in China with Reference to COFCO. World Economy, 33(4), 615-632. Full text.
Dreher A, Kotsogiannis C, McCorriston S (2009). How do institutions affect corruption and the shadow economy?. International Tax and Public Finance, 16, 773-796. Full text.
Herger N, Kotsogiannis C, McCorriston S (2008). Cross-border acquisitions in the global food sector. European Review of Agricultural Economics, 35(4), 563-587. Abstract.
McCorriston S (2008). Estimating Market Power and Strategies. European Review of Agricultural Economics, 35(4), 595-598.
McCorriston S, MacLaren D (2008). State Trading Enterprises as an Impediment to Market Access. Review of International Economics, 16(3), 431-443.
Sexton RJ, Sheldon I, McCorriston S, Wang H (2007). Agricultural trade liberalization and economic development: the role of downstream market power. Agricultural Economics, 36(2), 253-270.
Dreher A, Kotsogiannis C, McCorriston S (2007). Corruption around the world: Evidence from a structural model. Journal of Comparative Economics, 35(3), 443-466. Abstract.
McCorriston S, MacLaren D (2007). De-Regulation as (Welfare-Reducing) Trade Reform: the Case of the Australian Wheat Board. American Journal of Agricultural Economics, 89(3), 637-650.
McCorriston S, MacLaren D (2007). Do state trading exporters distort trade?. European Economic Review, 51(1), 225-246.
Lloyd TA, McCorriston S, Morgan CW, Rayner AJ (2006). Food scares, market power and price transmission: the UKBSE crisis. European Review of Agricultural Economics, 33(2), 119-147. Abstract.
Mccorriston S, Sheldon I (2005). Export competition and the remission of domestic environmental taxes. International Tax and Public Finance, 12(5), 627-637. Abstract.
McCorriston S, Gregory A (2005). Foreign Acquisition by UK Limited Companies: Short and Long-Run Performance. Journal of Empirical Finance, 12(1), 99-125. Full text.
McCorriston S, MacLaren D (2005). Single Desk State Trading Exporters. European Journal of Political Economy, 21(2), 503-524.
McCorriston S, Sheldon IM (2005). The Non-Neutrality of Border Tax Adjustments for Environmental Taxes Under Imperfect Competition. Journal of Public Economic Theory
McCorriston S, MacLaren D (2005). The trade distorting effect of state trading enterprises in importing countries. European Economic Review, 49(7), 1693-1715.
Giulietti M, Mccorriston S, Osborne P (2004). Foreign direct investment in the UK: evidence from a disaggregated panel of the UK food sector. Applied Economics, 36(7), 653-663. Abstract.
McCorriston S (2003). Handbook of agricultural economics: Vol 1B, Marketing and distribution. Journal of Agricultural Economics, 54(2), 345-350.
Cho G, Sheldon I, McCorriston S (2002). Exchange Rate Uncertainty and Agricultural Trade. American Journal of Agricultural Economics, 84(4), 931-942.
McCorriston S, MacLaren D (2002). State Trading, the WTO and GATT Article XVII. The World Economy, 25(1), 107-135.
Sheldon IM, Pick DH, McCorriston S (2001). Export subsidies and profit-shifting in vertical markets. Journal of Agricultural and Resource Economics, 26(1), 125-141. Abstract.
McCorriston S, Morgan CW, Rayner AJ (2001). Price transmission: the interaction between market power and returns to scale. European Review of Agricultural Economics, 28(2), 143-159. Abstract.
McCorriston S (2000). Market Structure Issues and the Evaluation of the Reform of the EU Banana Regime. The World Economy, 23(7), 923-937.
McCorriston S, Morgan CW, Rayner AJ (1998). Processing technology, market power and price transmission. Journal of Agricultural Economics, 49(2), 185-201. Abstract.
McCorriston S, Sheldon IM (1997). The (non-)equivalence of tariffs and quantity restraints as 'rent-shifting' policies. Canadian Journal of Economics-Revue Canadienne d Economique, 30(4B), 1220-1233. Abstract.
McCorriston S (1996). Import quota licenses and market power. American Journal of Agricultural Economics, 78(2), 367-372. Abstract.
McCorriston S, Sheldon IM (1996). The effects of vertical markets on trade policy reform. Oxford Economic Papers, 48(4), 664-672. Abstract.
McCorriston S, Sheldon IM (1994). Selling import quota licenses - the United States cheese case. American Journal of Agricultural Economics, 76(4), 818-827. Abstract.
McCorriston S (1993). Does government intervention matter in commodity market models?. Journal of Policy Modeling, 15(4), 415-426.
McCorriston S, Sheldon I (1993). Optimal trade policies - an application to the UK fertilizer market. Oxford Economic Papers, 45(1), 118-129. Abstract.
McCorriston S (1993). Rebalancing EC cereals protection and the Gatt Uruguay round. Journal of Agricultural Economics, 44(1), 14-24. Abstract.
McCORRISTON STEVE (1993). The welfare implications of oligopoly in agricultural input markets. European Review of Agricultural Economics, 20(1), 1-17.
McCorriston S, Sheldon IM (1992). Policy-induced capacity constraints and strategic interaction in processed food markets. Journal of Agricultural Economics, 43(2), 149-159. Abstract.
McCorriston S, Sheldon IM (1991). Government Intervention in Imperfectly Competitive Agricultural Input Markets. American Journal of Agricultural Economics, 73(3), 621-621.
McCorriston S, Sheldon I (1989). Measuring patterns of intra-industry specialization within the EC. Scottish Journal of Political Economy, 36(1), 96-102.
McCorriston S, Sheldon I (1989). The welfare implications of nitrogen limitation policies. Journal of Agricultural Economics, 40(2), 143-151.
McCorriston S, Sheldon IM (1989). Trade and welfare effects of EC accession on the UK agricultural supply industries. Journal of Agricultural Economics, 40(3), 302-313.
McCorriston S, Sheldon I (1988). Estimating the effects of anti-dumping policies on the UK fertilizer market. American Journal of Agricultural Economics, 70(5), 1199-1199.

Chapters

Lloyd TA, McCorriston S, Morgan CW (2015). Food inflation in the EU: contrasting experience and recent insights. In  (Ed) Food Price Dynamics and Price Adjustment in the EU, Oxford University Press, USA. Abstract.
McCorriston S (2015). Summing up: new insights and the emerging policy and research agenda for addressing food price inflation. In McCorriston S (Ed) Food Price Dynamics and Price Adjustment in the EU, Oxford: Oxford University Press.
McCorriston S (2012). Commodity prices, government policies and competition. In Evenett S, Jenny F (Eds.) Trade, Competition and the Pricing of Commodities, London: Centre for Economic Policy Research.
Dreher A, McCorriston S (2011). The impact of institutions on the shadow economy and corruption: a latent methodology approach. In  (Ed) , Edward Elgar.
McCorriston S (2006). Imperfect Competition and International Agricultural Markets. In Sarris A, Hallam S (Eds.) Agricultural Commodity Markets and Trade: New Approaches to Analyzing Market Structure and Instability, Edward Elgar Pub. Abstract.
McCorriston S, MacLaren D (2005). Domestic Market Structure and Trade: Modelling the Impact of Trade-Distorting State Trading Enterprises. In Jayasuria S (Ed) Trade Theory and Analytical Models: Festschrift in honour of Peter Lloyd, Edward Elgar Publishing.

Publications by year


In Press

Davidson JEH, Halunga AG, Lloyd R, McCorriston S, Morgan W (In Press). World Commodity Prices and Domestic Retail Food Inflation: Some Insights from the UK. Journal of Agricultural Economics Abstract.  Full text.

2016

McCorriston S, MacLaren D (2016). Food security, welfare, and partial de-regulation of parastatals. Oxford Economic Papers, 68(3), 836-856. Abstract.  Full text.
Herger N, McCorriston S (2016). Horizontal, Vertical, and Conglomerate Cross-Border Acquisitions. IMF Economic Review, 64(2), 319-353. Full text.

2015

McCorriston S (2015). Food Price Dynamics and Price Adjustment in the EU., Oxford University Press, USA. Abstract.
Lloyd TA, McCorriston S, Morgan CW (2015). Food inflation in the EU: contrasting experience and recent insights. In  (Ed) Food Price Dynamics and Price Adjustment in the EU, Oxford University Press, USA. Abstract.
Herger N, Kotsogiannis C, McCorriston S (2015). Multiple taxes and alternative forms of FDI: evidence from cross-border acquisitions. International Tax and Public Finance Abstract.  Full text.
McCorriston S (2015). Summing up: new insights and the emerging policy and research agenda for addressing food price inflation. In McCorriston S (Ed) Food Price Dynamics and Price Adjustment in the EU, Oxford: Oxford University Press.

2014

Lloyd TA, McCorriston S, Morgan CW, Poen E, Zgovu E (2014). Retail price dynamics and retailer heterogeneity: UK evidence. Economics Letters, 124(3), 434-438. Abstract.

2013

McCorriston S, MacLaren D (2013). Domestic and Trade Equivalences of State Trading Importers. Review of International Economics, 21(5), 1006-1020. Full text.
Lloyd T, McCorriston S, Morgan W, Zgovu E (2013). European Retail Food Price Inflation. EuroChoices, 12(2), 37-44.
Finus M, Kotsogiannis C, McCorriston S (2013). International coordination on climate policies. Journal of Environmental Economics and Management, 66(2), 159-165. Abstract.
McCorriston S, Herger N (2013). On discrete location choice models. Economics Letters(2), 288-291. Abstract.
McCorriston S, MacLaren D (2013). Re-Distribution, State Trading Enterprises and 'Politically Optimal' Tariffs. Review of International Economics, 46(4), 1351-1379. Full text.
McCorriston S, MacLaren D (2013). State trading, exclusive rights and 'politically optimal' tariffs. Canadian Journal of Economics, 46(6), 1351-1379.
Finus M, Kotsogiannis C, McCorriston S (2013). The International Dimension of Climate Change Policy Introduction. Environmental and Resource Economics, 56(2), 151-160. Author URL.

2012

McCorriston S (2012). Commodity prices, government policies and competition. In Evenett S, Jenny F (Eds.) Trade, Competition and the Pricing of Commodities, London: Centre for Economic Policy Research.
McCorriston S, MacLaren D (2012). State Trading Enterprises as Non-Tariff Measures: Theory, Evidence, and Future Research Directions. Applied Economic Perspectives and Policy, 34(4), 696-723.

2011

McCorriston S (2011). Competition, Agricultural Trade Reform and Developing Countries. Margin: the Journal of Applied Economic Research, 5(1), 31-46.
McCorriston S, Sheldon I (2011). Tariff (De-) Escalation with Successive Oligopoly. Review of Development Economics, 15(4), 587-600. Abstract.
Dreher A, McCorriston S (2011). The impact of institutions on the shadow economy and corruption: a latent methodology approach. In  (Ed) , Edward Elgar.

2010

McCorriston S, Maclaren D (2010). The Trade and Welfare Effects of State Trading in China with Reference to COFCO. World Economy, 33(4), 615-632. Full text.

2009

Dreher A, Kotsogiannis C, McCorriston S (2009). How do institutions affect corruption and the shadow economy?. International Tax and Public Finance, 16, 773-796. Full text.

2008

Herger N, Kotsogiannis C, McCorriston S (2008). Cross-border acquisitions in the global food sector. European Review of Agricultural Economics, 35(4), 563-587. Abstract.
McCorriston S (2008). Estimating Market Power and Strategies. European Review of Agricultural Economics, 35(4), 595-598.
McCorriston S, MacLaren D (2008). State Trading Enterprises as an Impediment to Market Access. Review of International Economics, 16(3), 431-443.

2007

Sexton RJ, Sheldon I, McCorriston S, Wang H (2007). Agricultural trade liberalization and economic development: the role of downstream market power. Agricultural Economics, 36(2), 253-270.
Dreher A, Kotsogiannis C, McCorriston S (2007). Corruption around the world: Evidence from a structural model. Journal of Comparative Economics, 35(3), 443-466. Abstract.
McCorriston S, MacLaren D (2007). De-Regulation as (Welfare-Reducing) Trade Reform: the Case of the Australian Wheat Board. American Journal of Agricultural Economics, 89(3), 637-650.
McCorriston S, MacLaren D (2007). Do state trading exporters distort trade?. European Economic Review, 51(1), 225-246.

2006

Lloyd TA, McCorriston S, Morgan CW, Rayner AJ (2006). Food scares, market power and price transmission: the UKBSE crisis. European Review of Agricultural Economics, 33(2), 119-147. Abstract.
McCorriston S (2006). Imperfect Competition and International Agricultural Markets. In Sarris A, Hallam S (Eds.) Agricultural Commodity Markets and Trade: New Approaches to Analyzing Market Structure and Instability, Edward Elgar Pub. Abstract.

2005

McCorriston S, MacLaren D (2005). Domestic Market Structure and Trade: Modelling the Impact of Trade-Distorting State Trading Enterprises. In Jayasuria S (Ed) Trade Theory and Analytical Models: Festschrift in honour of Peter Lloyd, Edward Elgar Publishing.
Mccorriston S, Sheldon I (2005). Export competition and the remission of domestic environmental taxes. International Tax and Public Finance, 12(5), 627-637. Abstract.
McCorriston S, Gregory A (2005). Foreign Acquisition by UK Limited Companies: Short and Long-Run Performance. Journal of Empirical Finance, 12(1), 99-125. Full text.
McCorriston S, MacLaren D (2005). Single Desk State Trading Exporters. European Journal of Political Economy, 21(2), 503-524.
McCorriston S, Sheldon IM (2005). The Non-Neutrality of Border Tax Adjustments for Environmental Taxes Under Imperfect Competition. Journal of Public Economic Theory
McCorriston S, MacLaren D (2005). The trade distorting effect of state trading enterprises in importing countries. European Economic Review, 49(7), 1693-1715.

2004

Giulietti M, Mccorriston S, Osborne P (2004). Foreign direct investment in the UK: evidence from a disaggregated panel of the UK food sector. Applied Economics, 36(7), 653-663. Abstract.

2003

McCorriston S (2003). Handbook of agricultural economics: Vol 1B, Marketing and distribution. Journal of Agricultural Economics, 54(2), 345-350.

2002

Cho G, Sheldon I, McCorriston S (2002). Exchange Rate Uncertainty and Agricultural Trade. American Journal of Agricultural Economics, 84(4), 931-942.
McCorriston S, MacLaren D (2002). State Trading, the WTO and GATT Article XVII. The World Economy, 25(1), 107-135.

2001

Sheldon IM, Pick DH, McCorriston S (2001). Export subsidies and profit-shifting in vertical markets. Journal of Agricultural and Resource Economics, 26(1), 125-141. Abstract.
McCorriston S, Morgan CW, Rayner AJ (2001). Price transmission: the interaction between market power and returns to scale. European Review of Agricultural Economics, 28(2), 143-159. Abstract.

2000

McCorriston S (2000). Market Structure Issues and the Evaluation of the Reform of the EU Banana Regime. The World Economy, 23(7), 923-937.

1998

McCorriston S, Morgan CW, Rayner AJ (1998). Processing technology, market power and price transmission. Journal of Agricultural Economics, 49(2), 185-201. Abstract.

1997

McCorriston S, Sheldon IM (1997). The (non-)equivalence of tariffs and quantity restraints as 'rent-shifting' policies. Canadian Journal of Economics-Revue Canadienne d Economique, 30(4B), 1220-1233. Abstract.

1996

McCorriston S (1996). Import quota licenses and market power. American Journal of Agricultural Economics, 78(2), 367-372. Abstract.
McCorriston S, Sheldon IM (1996). The effects of vertical markets on trade policy reform. Oxford Economic Papers, 48(4), 664-672. Abstract.

1994

McCorriston S, Sheldon IM (1994). Selling import quota licenses - the United States cheese case. American Journal of Agricultural Economics, 76(4), 818-827. Abstract.

1993

McCorriston S (1993). Does government intervention matter in commodity market models?. Journal of Policy Modeling, 15(4), 415-426.
McCorriston S, Sheldon I (1993). Optimal trade policies - an application to the UK fertilizer market. Oxford Economic Papers, 45(1), 118-129. Abstract.
McCorriston S (1993). Rebalancing EC cereals protection and the Gatt Uruguay round. Journal of Agricultural Economics, 44(1), 14-24. Abstract.
McCORRISTON STEVE (1993). The welfare implications of oligopoly in agricultural input markets. European Review of Agricultural Economics, 20(1), 1-17.

1992

McCorriston S, Sheldon IM (1992). Policy-induced capacity constraints and strategic interaction in processed food markets. Journal of Agricultural Economics, 43(2), 149-159. Abstract.

1991

McCorriston S, Sheldon IM (1991). Government Intervention in Imperfectly Competitive Agricultural Input Markets. American Journal of Agricultural Economics, 73(3), 621-621.

1989

McCorriston S, Sheldon I (1989). Measuring patterns of intra-industry specialization within the EC. Scottish Journal of Political Economy, 36(1), 96-102.
McCorriston S, Sheldon I (1989). The welfare implications of nitrogen limitation policies. Journal of Agricultural Economics, 40(2), 143-151.
McCorriston S, Sheldon IM (1989). Trade and welfare effects of EC accession on the UK agricultural supply industries. Journal of Agricultural Economics, 40(3), 302-313.

1988

McCorriston S, Sheldon I (1988). Estimating the effects of anti-dumping policies on the UK fertilizer market. American Journal of Agricultural Economics, 70(5), 1199-1199.

Awards and Honours

  • Quality of Policy Contribution Award 2007, European Association of Agricultural Economists

Conferences and invited presentations

  • Several including keynote and plenary papers at conferences in the US and Europe.

External positions

  • Editor, European Review of Agricultural Economics, (2011-present)
  • Member, Editorial Board, European Review of Agricultural Economics, (2000-present)
  • Associate Editor, American Journal of Agricultural Economics, (2002-2006)
  • Chair of the Programme Committee, European Association of Agricultural Economists, tri-annual Meeting, Zurich (2011)

  • International Economics

Professor McCorriston is currently teaching the 3rd module International Economics. He has also taught International Economics on the MSc degree and a module on ‘Commodity Futures Markets’.

Modules

2016/17