Dr Erez Yerushalmi
See also BCU PURE profile of Dr Erez Yerushalmi
Erez is an Associate Professor in Economics. He is the College Academic Lead for Research, Innovation and Enterprise, and was until 2023, the Director of the Centre for Accountancy, Finance and Economics (CAFE).
Erez joined Birmingham City Business School in 2017. Prior to this, he worked as a Research Fellow in the Institute for Employment (IER) at the University of Warwick from 2012, as well as lecturing in Warwick Business School. He completed his PhD in Economics from the University of Warwick in mid-2013.
Erez specializes in Applied Public Policy Analysis, focusing on diverse themes including Health, Environment, Innovation, and Labour Economics. He is a world-leading expert in applied Computable General Equilibrium (CGE) modelling, and also uses Econometrics and other quantitative research methodologies. He has over 20 years of professional experience in economic research and consulting and seven years in project management.
Prior to his PhD, he worked for five years in the private sector as an economist in various international consulting firms. His work covered macroeconomic forecasting, cost-benefit analysis, infrastructure and transportation assessment, and energy modelling.
Erez is interested in supervising PhD students with similar related research areas. He is located in the Curzon Building, room C213.
Areas of Expertise
Applied Policy Analysis using Computable General Equilibrium (CGE) modelling. A focus on:
- Development Economics
- Environmental Economics and Management
- Labour Economics
- Tax policy
- Health Economics
Qualifications
- 2013 PhD (Economics) University of Warwick, UK
- 2002 MSc (Applied Economics and Finance) Copenhagen Business School, Denmark.
- 1999 BA (Economics and Political science) Hebrew University, Jerusalem.
Teaching
- QME6040 Advanced Economic Theory
- QME6041 Industrial Organisation
- QME5005 Macroeconomics
Research
External Research Funding
- 08/2024- 9/2025: NIHR's economic return at the regional and national level (BCU PI, Lead RAND, NIHR)
- 10/2023-12/2024: Economic Impact of Antimicrobial Resistance in Humans and Food-Producing Animals, Co-I (BCU PI, Lead WOAH).
- 7/2019-12/2019: The cost of Physical Inactivity, A CGE Analysis Co-I (BCU PI, Lead RAND, Vitality).
- 7/2018 - 5/2019: The Cost of Antimicrobial Resistance in Canada, A Dynamic CGE Analysis (PI BCU, Lead CCA)
- 02/2018 – 10/2018: KEEN BMF Project (Co-I)
- 11/2016 - 10/2018: Longitudinal study of Further Education Students, collecting and analyzing primary data (Funder: Edge Foundation)
- 05/2015 - 4/2017: Labour Market Information (LMI) for All, econometric forecasting based on LFS/ASHE data.
- 10/2015 - 12/2016: Private or Public Healthcare in Israel, using general equilibrium modelling, Co-I (Israel's Health Research Council).
- 11/2014 - 12/2015: Georgia Knowledge Transfer, using general equilibrium modelling, PI (GIZ)
- 09/2014 - 01/2015: UNESCO NET-MED Youth, labor market assessments (Co-I, Cedefop)
- 02/2014 - 08/2014: Georgia further research, using general equilibrium modelling, PI (GIZ)
- 08/2014 - 01/2015: Estimating the economic costs of antimicrobial resistance using general equilibrium, Co-I (Welcome Trust)
- 01/2013 - 09/2013: Policy analysis in Georgia, using general equilibrium modelling, PI (GIZ)
- 01/2013 - 12/2017: Cedefop Mid-Term Supply and Demand Forecast in Europe (see eg.)
- 11/2012 - 12/2012: Bedfordshire – skills forecasting in the local UK council.
- 01/2010 - 10/2012: Economic cost of Malaria using general equilibrium modelling, Co-I (GSK)
Publications
PEER-REVIEWED PUBLICATIONS
David Hearne and Yerushalmi Erez (2024) The Amenity Value of Bicycle Infrastructure: A Hedonic Application to Greater Manchester, UK, Environmental and Resource Economics (CABS3*, ABDC A)
Martin-Lawson, D., Paladini, S., Saha, K., and Yerushalmi, E., (2023) The Cost of (Un)regulation: Shrinking Earth’s Orbits and the Need for Sustainable Space Governance, Journal of Environmental Management (CABS3*, ABDC A)
Hafner, Marco and Yerushalmi, Erez and Andersson, Fredrik L. and Burtea, Teodor (2022) Partially different? The importance of general equilibrium in health economic evaluations: an application to nocturia. Health Economics. ISSN 1099-1050 (CABS 3*, ABDC A*)
Hafner, M., Yerushalmi, E., Martin Stepanek, Phillips, W.D., Pollard, J., Deshpande, A., Whitmore, M., Millard, F., Subel, S., Van Stolk, C., 2020. Estimating the global economic benefits of physically active populations over 30 years (2020 to 2050). British Journal of Sports Medicine (Impact Factor: 18.5).
Hafner, M., Andersson, F.L., Burtea, T., Stolk, C. van, Whitmore, M., Yerushalmi, E., Troxel, W.M., 2020. Assessing the burden of nocturia in the workplace: the associations between nocturnal voiding, subjective well-being, work engagement and productivity. Journal of Medical Economics [ABDC C].
Yerushalmi, E., Hunt, P., Hoorens, S., Sauboin, C., and Smith, R., 2019. Exploring the Use of a General Equilibrium Method to Assess the Value of a Malaria Vaccine: An Application to Ghana. Medical Decision Making Policy & Practice (MDM P&P) 4 (2).
Lockwood,B., and Yerushalmi, E., 2019. How Should Payment Services Be Taxed? Social Choice and Welfare. (CABS 3*, ABDC A)
Yerushalmi, E., 2018. Using Water Allocation in Israel as a Proxy for Imputing the Value of Agricultural Amenities. Ecological Economics 149, 12–20. (CABS 3*, ABDC A)
Subramaniam, T., Loganathan, N., Yerushalmi, E., Devadason, E.S., Majid, M., 2018. Determinants of Infant Mortality in Older ASEAN Economies. Social Indicators Research 136 (1), 397–415. (ABDC A)
Yerushalmi, E., Hunt, P.E., Hoorens, S., Sauboin, C., Smith, R.D., 2012. PIN82 The Macro-Economic Impact of Reducing Malaria: An Application of a Dynamic General Equilibrium Modelling to Ghana. Value in Health 15, A400.
Book Chapter
Paladini, S., Yerushalmi, E., Castellucci, I., 2021. Public Governance of the Blockchain Revolution and Its Implications for Social Finance: A Comparative Analysis, in: Walker, T., McGaughey, J., Goubran, S., Wagdy, N. (Eds.), Innovations in Social Finance : Transitioning Beyond Economic Value. Springer International Publishing, Cham, pp. 293–318. https://doi.org/10.1007/978-3-030-72535-8_14
WORK IN PROGRESS (for academic publication)
Paladini S., and Yerushalmi E., Blockchain solutions for an open access fintech bank: a case for a regulatory framework.
Phillips W., Hafner M., Yerushalmi E., Dufresene E., and Van Stolk C., The economic cost associated with poor mental wellbeing in the workplace.
Hearne D., and Yerushalmi E., How much is a bicycle network work for the neighbourhood? An application to Greater Manchester
COMPLETED REPORTS, WORKING PAPERS, and CONSULTING PAPERS
Yerushalmi, Erez and Hearne David (2024) Why being close to a cycle network can boost house prices. The Conversation.
Adamie, B., ..., Yerushalmi, E., et. al., (2024) Forecasting the Fallout from AMR: Economic Impacts of Antimicrobial Resistance in Food-Producing Animals. Report. WOAH - World Organisation for Animal Health.
Ayres-Bennet, Wendy and Hafner, Marco and Dufresne, Elaine and Yerushalmi, Erez (2022) The Economic Value to the UK of Speaking Other Languages. Report. RAND Corporation.
Hafner, M., Yerushalmi, E., Dufresne, E., and Gkousis, E. (2021) The Potential Socio-Economic Impact of Telemedicine in Canada. Report. RAND Corporation.
Hafner, Marco and Yerushalmi, Erez and Andersson, Fredrik L. and Burtea, Teodor (2020) Quantifying the macroeconomic cost of night-time bathroom visits: an application to the UK. Working Paper 5. Centre for Applied Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University. (Submitted)
Hafner, Marco and Yerushalmi, Erez and Fays, Clement and Dufresne, Elaine and Van Stolk, Christian (2020) COVID-19 and the cost of vaccine nationalism. Project Report. RAND Corporation.
Yerushalmi, Erez and Ziv, Sani (2020) Imputing the Social Value of Public Health Care: a New Method with Application to Israel. Working Paper 4. Centre for Applied Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University. (Submitted)
Ries, C.P., Hafner, M., Fays, C., Yerushalmi, E., 2020. The End of the Beginning: Assessing the potential economic implications of prolonged UK–EU trade policy uncertainty (Research Report No. RR-4265-RC). RAND Corporation.
Council of Canadian Academies, CCA (2019) When Antibiotics Fail: The Expert Panel on the Potential Socio-Economic Impacts of Antimicrobial Resistance in Canada. Project Report. Council of Canadian Academies, Ottawa, Canada (see BCU Project).
Hafner, M., Yerushalmi, E., Phillips, W.D., Pollard, J., Deshpande, A., Whitmore, M., Millard, F., Subel, S., Van Stolk, C., 2019. The economic benefits of a more physically active population: An international analysis (Research Report No. RR-4291-TVG). RAND Corporation (see BCU Project).
Hafner, M., Pollard, J., Troxel, W.M., Yerushalmi, E., Fays, C., Whitmore, M., Van Stolk, C., 2019. How frequent night-time bathroom visits can negatively impact sleep, well-being and productivity (Report). RAND Corporation.
Warhurst, Christopher, Erez Yerushalmi, and Stefanie Poole. 2016. “VETrack : Longitudinal Study of Learners in Vocational Education, Wave 1 Report.” Report. Edge Foundation.
Yerushalmi, E., 2015. Impact Assessment of the Planned DCFTA Between the EU and Georgia: A CGE Analysis, GIZ Working Paper. [Confidential Paper for the Government of Georgia]
Wilson, R. A, Rachel Beaven, Erez Yerushalmi, and Ben Gardiner, 2014. An Assessment of the Feasibility and Usefulness of Developing Skills Forecasting in the NET MED Youth countries – Regional Situational Analysis Report. Report for UNESCO, Institute for Employment Research University of Warwick, 2015.
Taylor, J., Hafner, M., Yerushalmi, E., Smith, R., Bellasio, J., Vardavas, R., Bienkowska-Gibbs, T., Rubin, J., 2014. Estimating the economic costs of antimicrobial resistance. RAND Report. http://www.rand.org/pubs/research_reports/RR911.html
Javashvili, D., Yerushalmi, E., and Gorgodze O., 2014. To Do Better, Georgia Requires a Bigger Banking Sector: A General Equilibrium Approach, GIZ Working Paper.
Meagher, G.A., A.Wilson, R., Yerushalmi, E., 2014. Emerging Structural Pressures in European Labour Markets (Centre of Policy Studies/IMPACT Centre Working Paper No. g-249). Victoria University, Centre of Policy Studies/IMPACT Centre, 2014.
Gerald A. Meagher, Rob A. Wilson, and Yerushalmi, E., 2013. How Does Wage Flexibility Affect Skill Mismatches in the UK? Interfacing a CGE Labour Market Module with the E3ME Multi-sector Macroeconomic Model. CEDEFOP Project on Forecasting Skill Supply and Demand in Europe 2020, Thessaloniki.
Wilson, Rob A., and Yerushalmi, E., 2012. Forecasting Skill Supply and Demand in Europe: Interfacing a CGE Labour Market Model for All Countries. Technical Paper. CEDEFOP Project on Forecasting Skill Supply and Demand in Europe 2020, Thessaloniki, December 2012.
Yerushalmi, E., 2012. Measuring the Administrative Water Allocation Mechanism and Agricultural Amenities. The Warwick Economics Research Paper Series (TWERPS). University of Warwick, Department of Economics, 2012.
DeltaRail, 2006. South West Trains Franchise Bid: Revenue Forecast Model. Franchise Bid. London.
DeltaRail, 2006. “one”s Revenue Model. Project Report. London, Delta Rail (AEA Technology).
DeltaRail, 2006. The Value of the Economic Losses Caused by the Tesco Tunnel Collapse: Chiltern versus Tesco. Project Report. London.
Economic Models, 2005. The Demand Outlook for Natural Gas in Israel for Electricity Generation: An Optimization Model.Working Paper. Tel-Aviv, Israel.
Economic Models, 2005. National Electricity Demand Forecast for Israel: An Analysis Using a Dynamic Multi-Sector Macroeconomic Model. Working Paper. Tel-Aviv, Israel.
Economics Models, 2005. Israel Towards 2020: An Analysis Using a Dynamic Multi-Sector Macroeconomic General Equilibrium Model for Israel. Working Paper. Israel, Economic Models.
Economics Models, 2005. Where to Invest Efficiently? An Optimisation Model for Israel’s Electricity Company. Working Paper. Israel, Economic Models, 2005.
Economic Models, 2004. The Future of Israel’s Communication Sector: An Applied Forecasting Model. Working Paper. Tel-Aviv, Israel.
Kolnik Consulting, 2004. A Cost-Benefit Analysis of the Shaar-Hagai Valley Bridge in Jerusalem. Ministry of Transportation. Working Paper. Israel, Kolnik Consulting, 2004.
Kolnik Consulting., 2004. A Cost-Benefit Analysis for Extending the Even Gvirol Road in Tel-Aviv. Ministry of Transportation. Working Paper. Jerusalem, Israel.
Kolnik Consulting., 2003. An Evaluation of the Taxi Market in Israel, Could Improvements Be Made? Working Paper. Jerusalem, Israel.
Yerushalmi, E., and Mordechai Yerushalmi., 2003. Who Is Expected to Win in Ashdod? An Election Pole Survey. Working Paper. Israel: Source Consulting, Israel.
Yerushalmi, E., 2002. Introducing a Water Market in Israel: A Computable General Equilibrium Policy Analysis. Final MSc. Thesis. Denmark: Copenhagen Business School.
Copenhagen Economics, 2001. The Economic Integration of the Øresund Region. Øresund Chamber of Commerce. Working Paper. Copenhagen, Denmark.
Copenhagen Economics, 2001. Do Bang & Olufsen Exhibit Market Power in Denmark. Danish Competition Authority. Working Paper. Copenhagen,Denmark.
Copenhagen Economics, 2001. Do Danish Power Plants Exert Market Power? Danish Competition Authority. Working Paper. Copenhagen,Denmark.
Copenhagen Economics, 2001. Skill Cluster Analysis in Denmark, A Mapping Using Quantitative Methods. Report. Copenhagen, Denmark.
Lorentzen, J, and Yerushalmi, E., 2000. Which Students Should be Admitted? An Audit of Copenhagen Business School, Working Paper. Copenhagen Business School, Copenhagen, Denmark.
NON-ACADEMIC WORK
Yerushalmi, M., Yerushalmi, E., Yerushalmi, Z., Yerushalmi, D., 2012. Buki the Flying Dog. Lulu.com, S.l. (Editor: Diane Yerushalmi)
Translation for Yerushalmi, M., 2007. From Baghdad to Jerusalem. Lulu Enterprises, UK Ltd. (Editor: Diane Yerushalmi