Dr. Philip Kostov

Reader in Quantitative Economics

Lancashire School of Business and Enterprise

Greenbank Building, GR032

+44 (0) 1772 89 4542


Philip's main research interests relate to quantitative methodologies and include issues such as spatial econometrics, model selection issues; quantile treatment effects; counterfactual distributions, nonparametric and semi-parametric models. He is interested in developing and applying a wide range of methods dealing with the above issues focused on restricting the impact of arbitrary assumptions.

Philip is research active within the area of business and management .He is a member of Lancashire Institute for Economic and Business Research and the Institute of Global Finance Development.


Full Profile


PhD in Agricultural Economics, University of Newcastle upon Tyne, 2001.
Diploma of Higher Education in International Economic Relations (equivalent to MSc), Higher Institute of Economics (University of National and World Economics), Sofia, Bulgaria, 1994.


Kostov, P. (2010) Model boosting for spatial weighting matrix selection in spatial lag models, Environment and Planning B: Planning and Design 2010, volume 37, pages 533-549.

Kostov, P. and Davidova, S. (2012), A Quantile Regression Analysis of the Effect of Farmers’ Attitudes and Perceptions on Market Participation. Journal of Agricultural Economics.

Kostov, Phillip (2010) Do Buyers Characteristics and Personal Relationships Affect Agricultural Land Prices? Land Economics, 86 (1). pp. 48-65.

Patton, M, Kostov, Philip, Mcerlean, S and Moss, J (2008) Assessing the influence of direct payments on the rental value of agricultural land. Food Policy, 33 (5). pp. 397-405.

More publications


Methodological: spatial econometrics, model selection issues; quantile treatment effects; counterfactual distributions, nonparametric and semi-parametric models.

Topics: access to finance; foreign direct investment and economic growth; hedonic analysis.


2011-2012 RES-238-25-0031 “Microfoundations of Access to Finance: Demand-side Perspectives in South Africa”

2008-2009 LBS-0809-06 “Access to Finance: the role of agents”

2007-2009 (AB) IPTS 150652-2006 F1SC-DE - Sustainability of Semi-Subsistence Farming Systems in New Member States and Acceding Countries (S-FARM).

2004-2007 DARDNI, DEFRA, SEERAD, NAW, FAPRI “Analysing agriculture in the UK”

2006-2007 EU Sixth Framework, "AG-MEMOD 2020 – Agricultural Member State Modelling for the EU and Eastern European countries"

2005-2006 Impact analysis of the Common Agricultural Policy reform on main agricultural commodities, J05/03/2005, EC DG JRC –IPTS.

2001- 2004 DARDNI FAPRI “Analysing agriculture in NI”

2001-2004 EU Fifth Framework, QLK5-CT-2000-00473 “AG-MEMOD - Agricultural sector in the Member states and EU: Econometric Modelling for Projections and Analysis of EU policies on Agriculture, Forestry and the Environment"

1998-2001 Phare ACE P97-9131-S “Assessing and measuring the importance of the small farm household subsistence sector in Bulgarian agriculture”.

1998-1999 Phare P96-6107-R "Analysing agricultural policy options under transition in view of future accession to the EU"

1997-1998 various tasks with the World Bank mission on agriculture in Bulgaria: estimation of NPCs and PSEs

effective tariff protection for agriculture

1997-1998 FAO "Economic and Social Accounts for Agriculture"

1995-1996 USIA Fulbright "Agriculture during Transition".

External Activities

LBS Research coordinator

Reviewer – Economic and Social Research Council (ESRC), Austrian Science Fund (FWF)

Editorial board “Insurance Markets and Companies: Analyses and Actuarial Computations”

Invited paper, 76th EAAE Conference, Halle, Germany, 2001.

Plenary paper to the 73th EAAE Conference, Ancona, Italy, 2001.

Teaching Activities and Responsibilities

Financial Econometrics

Programme Director MSc Finance and Investment, Msc Financial Analysis, MSc Finance and Development