Gavin C Reid
Professor of Economics
Founder/
Director of the Centre for Research into Industry, Enterprise, Finance and the
Firm
Department of
Economics, University of St. Andrews
Degrees:
M.A. (Economic Science) 1st Class Honours, Stephen Scholar, University of Aberdeen
M.Sc. (Econometrics) University
of Southampton
His M.Sc. dissertation
component was on a simulation model of the stock market. His doctorate was on
industrial price leadership.
He is the author of ten books:-
The
Kinked Demand Curve Analysis of Oligopoly (1981),
Theories
of Industrial Organization (1987), Basil Blackwell
The Small
Entrepreneurial Firm (with L R Jacobsen)(1988),
Classical
Economic Growth (1989),
Basil Blackwell
Small
Business Enterprise (1993), Routledge
Profiles in Small
Business (with
L R Jacobsen and M
Venture Capital
Investment (1998),
Routledge
Information System
Development in the Small Firm with F. Mitchell and J. Smith (2000), CIMA Publishing
The Foundations of Small Business
Enterprise, (2007), Routledge
Risk
Appraisal and Venture Capital in High Technology New Ventures, with Julia A. Smith (2008), Routledge
Professor
Reid has held visiting professorships at Queen's University, Canada and Denver
University, Colorado and has been a Visiting Scholar at Darwin College,
Cambridge University. Before coming to St. Andrews University, he was Lecturer,
Senior Lecturer and then Reader in Economics at Edinburgh University. He is the
Founder/Director of CRIEFF,
and he is also currently Director of Postgraduate
Programmes in Economics and Finance. From 1998 to 2001 he was chairman of
the national Network
of Industrial Economists (NIE). He was a member of Council of the Scottish Economic Society
(SES) (1990-2002) and served as President (1999-2002)in the period covering the
Millennium year. Professor Reid was elected FRSA
in 2000 and Founding Fellow (FFCS) of the Institute of Contemporary Scotland
(ICS) in 2001. He was elected to the Council of the National Conference of University
Professors (NCUP) in 1999, became Vice-President (2002-3), then President
(2003-5), and was elected President (2005-6) for an additional year.
He has taught graduate
applied econometrics at Queen's and Denver Universities, graduate microeconomic
theory at Denver and Edinburgh Universities, and graduate industrial
organization at Cambridge, Edinburgh and Glasgow Universities, graduate
entrepreneurship at St. Andrews and Cardiff Universities. In recent years he
has been awarded research grants by the Scottish Economic Society, the David Hume
Institute, the Nuffield Foundation, the Leverhulme Trust, the CIMA Research
Foundation, the Carnegie Trust, the Esmée-Fairbairn Trust the British Academy,
and Enterprise Ireland, ScotEconNet, and the ESRC. He has held Nuffield
Foundation and Leverhulme Trust Research Fellowships, and is currently a
research fellow at EIM
(Business and Policy research),
He has
published many articles in the academic journals, mainly on microeconomic
theory, industrial economics, venture capital, small business economics,
entrepreneurship, patenting, intellectual property, the history of economic
thought and economic growth. Journals in which he has published include the Economic
Journal , Economica, Manchester School, Oxford Economic
Papers , the Journal of Industrial Economics, the International
Journal of Industrial Organization, Small Business Economics, the Scottish
Journal of Political Economy, Managerial and Decision Economics ,
the European Journal of Finance, and Entrepreneurship Theory and
Practice, the Journal of Private
equity, and the Review of Industrial Organization.
Activities
Gavin was a visiting professor
at the University of Nice and the LATAPSES research centre in 1998. Here
he is pictured with the Director of LATAPSES, Professor Richard Arena.- Was an external examiner in 1999 of the
pan-African master's programme run by the African Economic Research
Consortium (AERC). He is shown below, at Ku Chawe Inn, with Professor
Benson Kaluwa of the Department of Economics, Chancellor College,
University of Malawi.
- Gavin returned to Malawi in 2000 (below),
again sponsored by the African Economic Research Consortium. This picture
is of Bird Island, by Nkopola Lodge, Lake Malawi.
- Gavin Reid at the University of Lausanne,
Switzerland - home of General Equilibrium Economics (Walras and Pareto
held professorships in Lausanne). Gavin gave a paper on risk
appraisal in high technology ventures to the EARIE 2000 conference while
visiting.
A typical holiday
for the director of CRIEFF - drafting a paper for publication! This is at
Raveaux 1 Carelles in the Department of Mayenne,
Exploring entrepreneurial
history: after a guided tour of the Vanderbilt Mansion near Centreport, Long
Island. The occasion was the Babson Kauffman Entrepreneurship Research
Conference 2005, at which Gavin Reid presented a paper on Realities of Long-Term Post Investment
Performance for Venture-Backed Enterprises (CRIEFF Discussion Paper No 0503).
Gavin Reid (right in photo) received the
Articles of Merit Award for ‘distinguished contribution to the field of
finance and management’ for his paper (with Dr J A Smith, left in photo)
‘When our chip comes in’.
First published in Financial
Management in 2004, it was judged to be ‘of outstanding merit’
by the panel. The awarding body, IFAC, coordinates 163 professional accounting
bodies world wide, in 119 countries, and has a membership base of 2.5 million.
The presentation was made on Thursday 1st
September 2005 at the RAE Forum meeting at the Chartered Institute of
Management Accountants (CIMA) office,
Working on the
page proofs of 'Risk Appraisal and Venture Capital in High Technology New
Ventures' in a wooden hut, in a remote location by the Red Deer River in
Alberta, Canada. Typical holiday reading!
Gavin, never far from a
library, in the Citadel Library,
Phone: (+44) (0)1334 462431
Fax: (+44) (0)1334 462438
e-mail: gcr@st-andrews.ac.uk
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