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About NUI Galway
About NUI Galway
Since 1845, NUI Galway has been sharing the highest quality teaching and research with Ireland and the world. Find out what makes our University so special – from our distinguished history to the latest news and campus developments.
Colleges & Schools
Colleges & Schools
NUI Galway has earned international recognition as a research-led university with a commitment to top quality teaching across a range of key areas of expertise.
- Research & Innovation
- Business & Industry
- Alumni, Friends & Supporters
At NUI Galway, we believe that the best learning takes place when you apply what you learn in a real world context. That's why many of our courses include work placements or community projects.
Dr Thomas McDermott
SCHOOL OF BUSINESS & ECONOMICS
My research interests are at the intersection of environmental and development economics. I have published widely, including in leading economics journals, as well as more generalist science and social science journals. My research has been cited over 1200 times, including in the recent high profile IPCC SR1.5 report (in Chapters 4 and 5). I am also co-editor with Sam Fankhauser of The Economics of Climate Resilient Development (Edward Elgar, 2016).
I have previously consulted for the World Bank, Asian Development Bank, the Irish EPA and Ireland's Department of Communications, Climate Action and Environment, including contributing a background paper for Irelands first statutory National Climate Change Adaptation Framework (published in January 2018).
I was previously Principal Investigator for a project funded by the Irish Environmental Protection Agency on the economic impacts of flooding in Ireland, and options for managing flood risk, including an emphasis on the role of insurance. The outputs from this project include publications at JEEP, Phil Trans R Soc A, as well as a policy paper on flooding and insurance, and a policy brief on local adaptation decision-making.
I hold a PhD from Trinity College Dublin (Ireland), where I was supervised by Frank Barry and Richard Tol. During the Summer of 2012 I was a PhD research intern at the United Nations University, World Institute for Development Economics Research (UNU-WIDER) in Helsinki. I hold a B.Comm (International with Italian) and an M.Sc. in Economics from the National University of Ireland, Galway and previously taught economics at Dublin City University and at UCC.
Peer Reviewed Journals
|(2019)|| 'Flooded Cities'
Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels, Ferdinand Rauch (2019) 'Flooded Cities'. American Economic Journal: Applied Economics, [Details]
|(2019)|| 'The impact of flooding disruption on the spatial distribution of commuter's income'
Kilgarriff, P;McDermott, TKJ;Vega, A;Morrissey, K;O'Donoghue, C (2019) 'The impact of flooding disruption on the spatial distribution of commuter's income'. Journal of Environmental Economics and Policy, 8 :48-64 [DOI] [Details]
|(2018)|| 'How normative interpretations of climate risk assessment affect local decision-making: an exploratory study at the city scale in Cork, Ireland'
McDermott, TKJ;Surminski, S (2018) 'How normative interpretations of climate risk assessment affect local decision-making: an exploratory study at the city scale in Cork, Ireland'. Philosophical Transactions Of The Royal Society A-Mathematical Physical And Engineering Sciences, 376 [DOI] [Details]
|(2016)|| 'Why is gold a safe haven?'
Baur, Dirk G, McDermott, Thomas K.J. (2016) 'Why is gold a safe haven?'. The Journal of Behavioral and Experimental Finance, 10 :63-71 [Details]
|(2016)|| 'Model confirmation in climate economics'
Millner A,McDermott TKJ, (2016) 'Model confirmation in climate economics'. Proceedings of The National Academy of Sciences of The United States of America, 113 (31) [Details]
|(2016)|| 'Geography, institutions and development: A review of the long-run impacts of climate change'
Castells-Quintana, David, Lopez-Uribe, Maria, McDermott, Thomas K.J. (2016) 'Geography, institutions and development: A review of the long-run impacts of climate change'. Climate and Development, [Details]
|(2014)|| 'Understanding the adaptation deficit: Why are poor countries more vulnerable to climate events than rich countries?'
Fankhauser, Samuel, McDermott, Thomas K.J. (2014) 'Understanding the adaptation deficit: Why are poor countries more vulnerable to climate events than rich countries?'. Global Environmental Change, 27 :9-18 [Details]
|(2014)|| 'Disasters and Development: Natural Disasters, Credit Constraints and Economic Growth'
McDermott, Thomas K.J., Barry, Frank, Tol, Richard S.J. (2014) 'Disasters and Development: Natural Disasters, Credit Constraints and Economic Growth'. Oxford Economic Papers, 66 (3):750-773 [Details]
|(2010)|| 'Is Gold a safe haven: International evidence'
Baur, Dirk G., McDermott, Thomas K.J. (2010) 'Is Gold a safe haven: International evidence'. Journal of Banking and Finance, 34 (8):1886-1898 [Details]
|(2016)|| 'Coping with climate risk: The options'
Thomas K.J. McDermott, Maria del Pilar Lopez-Uribe, David Castells-Quintana (2016) 'Coping with climate risk: The options' In: The Economics of Climate Resilient Development. Cheltenham, UK: Edward Elgar. [Details]
|(2016)|| 'Investing in Disaster Risk Management in an Uncertain Climate'
McDermott, TKJ (2016) 'Investing in Disaster Risk Management in an Uncertain Climate' In: Realising the Triple Resilience Dividend: A New Business Case for Disaster Risk Management. London: Springer. [Details]
|(2016)|| 'The role of climate in development'
Thomas K.J. McDermott, Maria del Pilar Lopez-Uribe, David Castells-Quintana (2016) 'The role of climate in development' In: The Economics of Climate Resilient Development. Cheltenham, UK: Edward Elgar. [Details]
|(2016)|| The Economics of Climate Resilient Development.
(2016) The Economics of Climate Resilient Development. Cheltenham, UK: Edited Book [Details]
|Committee||Function||From / To|
|Economics Exams Committee||Member||/|
|Athena Swan Self Assessment Team||Member of Group E (staff comms and culture survey)||/|
|Term/Year||Module Title||Module Code||Subject / Desc|
|Semester 1, 2019/20||Climate Change Economics||EC5118|
|Semester 2, 2019/20||Principles of Macroeconomics||EC141|
|Semester 2, 2019/20||Development Economics||EC357|
|Semester 1, 2019/20||Ireland in the Global Economy||EC423|