Stephen Kosempel | Gordon S. Lang School of Business and Economics

Stephen Kosempel

Associate Professor
Department of Economics and Finance
Phone number: 
(519) 824-4120 Ext. 56339
MacKinnon (MCKN), Room 746

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Stephen Kosempel joined the Department of Economics and Finance at the University of Guelph in 1999. He received a B.A. (Honours) in Economics from Queen's University (1993), an M.A. in Economics from the University of Victoria (1995), and a Ph.D in Economics from Simon Fraser University (1999). He served as Department Chair from January 2012 to June 2022.

Dr. Kosempel's area of specialization is macroeconomics. His research has been published in journals including the Journal of Economic Dynamics and Control, the Canadian Journal of EconomicsReview of International Economics, and the Journal of Development Economics.

Macroeconomics, Economic Development and Growth, Business Cycles

Stephen Kosempel's Google Scholar Profile 

View abstracts and full length articles @ RePEc (Research Papers in Economics): 

  1. Tserenkhuu, T. and Kosempel, S. (2023). Open Economy Neoclassical Growth Models and the Role of Life Expectancy, The B.E. Journal of Macroeconomics 23(2), 1057-1092.
  2. Genc, T.S. and Kosempel, S. (2023). Energy Transition and the Economy: A Review ArticleEnergies 16(7), 2965. (This article belongs to the Special Issue Public Policies and Development of Renewable Energy) 
  3. Annen, K., Batu, M. and Kosempel, S. (2016). Macroeconomic Effects of Foreign Aid and Remittances: Implications for Aid Effectiveness StudiesJournal of Policy Modeling 38(6), 1136-1146.
  4. Alessandrini, D., Kosempel, S. and Stengos, T. (2015). The Business Cycle Human Capital Accumulation Nexus and its Effect on Hours Worked VolatilityJournal of Economic Dynamics and Control 51, 356-377.
  5. Koka, K. and Kosempel, S. (2014). A Life-Cycle Analysis of Ending Mandatory RetirementEconomic Modelling, 38, 57-66.
  6. Friesen, P. and Kosempel, S. (2010). A Calibrated Trade Model of AgglomerationReview of International Economics, 18 (4), 714-729. 
  7. Annen, K. and Kosempel, S. (2009). Foreign Aid, Donor Fragmentation, and Economic Growth. The B.E. Journal of Macroeconomics, 9 (1), 31. Article 33 Contributions. 
  8. Kosempel, S. (2007). Interaction Between Knowledge and Technology: A Contribution to the Theory of DevelopmentCanadian Journal of Economics, 40 (4), 1237-1260.    
  9. Banerjee, R. and Kosempel, S. (2005). Inter-Generational Redistribution in an Endogenous Growth ModelEconomics Bulletin, 5 (1), 1-6. 
  10. Kosempel, S. (2004). A Theory of Development and Long Run GrowthJournal of Development Economics, 75 (1), 201-220.    
  11. Kosempel, S. (2004). Finite Lifetimes and Government Spending in an Endogenous Growth ModelJournal of Economics and Business, 56 (3), 197-210.   
  12. Carlaw, K. and Kosempel, S. (2004). The Sources of Total Factor Productivity Growth: Evidence from Canadian DataEconomics of Innovation and New Technology, 13 (4), 299-309.  
  13. Carlaw, K. and Kosempel, S. (2003). Accounting for Canada's Economic GrowthJournal of Economic Development, 28 (2), 83-102.

Current or Scheduled Courses:

  • Fall 2024:
    • ECON*6020 Macroeconomics Theory I
    • ECON*2410 Intermediate Macroeconomics
  • Winter 2025:
    • Research Leave

Course Teaching History (excluding independent study courses):


  • ECON*6020 Macroeconomic Theory I: W02, F02, F03, F04, W06, W07, W08, W09, F23, F24–scheduled
  • ECON*6040 Macroeconomic Theory II: W00, W01, W03, W10, W11, W12, F12, F14, F16, W18, W19, W20, W21, W22
  • ECON*6060 Preliminary Quantitative Methods: S12 – S21
  • ECON*6110 Mathematical Economics: W19


  • ECON*1100 Introductory Macroeconomics: F07, W08, F08, F09, F10, F11, F12, F13, F14 
  • ECON*2310 Intermediate Microeconomics: F99 
  • ECON*2410 Intermediate Macroeconomics: W00, F00, W01, F01, W02, F02, W04×2, F04, W05, W24×3, F24–scheduled 
  • ECON*3600 Macroeconomics in an Open Economy: W06, W09, W10, W19 
  • ECON*4810 Advanced Topics in Macroeconomics: W05, W07, W08, W09, W10, W11, W12
  • ECON 305 Intermediate Macroeconomic Theory (Simon Fraser University): S1998, W1999