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Dr Héctor Calvo Pardo PhD (PSE-EHESS)

Reader in Economics

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Dr Héctor Calvo Pardo is Reader in Economics within Economic, Social and Political Sciences at the University of Southampton. He is currently affiliated with the ESRC Center for Population Change, CEPR and US CFS Wisconsin-Madison.

Hector received a PhD in 2005 from EHESS, Paris School of Economics (PSE, France), funded by 'La Caixa' and the Bank of Spain. He conducts research in the economics of decision making under uncertainty as applied to international economics (firms), households (finances: expectations, information and social interactions/networks; migration; populism) and self-referential systems of interacting agents (learning, macroeconomics, machine learning). In 2008, he was awarded a two-year ESRC first grant (RES-061-25-0327) to understand the role of subjective expectations in households' financial decisions. In 2009, he was awarded a NORFACE-ESRC grant ('CHOICES – understanding migrants' choices', as a co-applicant) to study the effect of international migration on institutions. In 2011, he was appointed associate researcher to the “International Network on Expectational Coordination”, hosted by the College de France, and funded by the Institute for New Economic Thinking (INET) until 2016. His work on how firms enter foreign markets was awarded the Chair Jacquemin award for the 'best paper on Heterogeneous Firms and Trade Policy' at the European Trade Study Group's 2009 annual meeting. His research supervision has been awarded a 2011 Royal Economic Society junior fellowship. He has visited the Economics Department at New York University (USA) in 2006, University College London in 2010 and 2013, the University of Cambridge in 2012, 2014 and 2017, and the University of Nottingham in 2020.

Hector serves on the ESRC Peer Review College (2010–) and on the search committee for senior and junior hires of the Economics Division at the University of Southampton (2009–), where he also acts as research applications officer (2011–), and he is in charge of organising the Economics Annual PhD workshop for postgraduate students (2013-).

He is a member of the American Economic Association, the European Economic Association, the Econometric Society and the Royal Economic Society, and has also acted as an academic consultant for the Asian Development Bank (ADB) for 2009–2011, and the Caisse de Depots et Consignations (Paris, France) in 2012-13.'

Research interests

Research Interests

The interplay of expectations and information in individual behaviour under uncertainty, as applied to the stock market, firms in international trade and migration. The analysis of coordination pitfalls in financial markets: causes and, consequences for the macroeconomy.


Research projects

-Subjective expectations, information and individual financial choices through the great recession,

-Information and individual risk preference,

-Expectational coordination pitfalls in financial markets: theory and evidence,

-Learning and the stock market: the effect of networks,

-Transportation and firms in international trade,

-Migration: the role of information networks and the effect on political institutions.

-Resistance to pension reform: empirical evidence.






Research project(s)

Understanding Migrants' Choices, NORFACE

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Book Chapters

Working Papers

ECON6016 International Trade and ECON6029 Financial Economics and Asset Pricing


Dr Héctor Calvo Pardo
Economics, University of Southampton, Southampton, SO17 1BJ United Kingdom

Room Number : 58/3113

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