Rate My Professor Max Munday

Professor Max Munday serves as a professor in the Economics section of Cardiff Business School at Cardiff University, where he has been a member since 1990. He is the founder member and Director of the Welsh Economy Research Unit, established in 2000. His research specializations encompass the Welsh economy, economics of inward investment, tourism economics, regional economics and policy, and renewable electricity generation and regulation. Munday has secured substantial research funding, including over £4.96 million in income from 2016 to 2025. Key projects under his leadership include the £196,000 Tidal Lagoon Challenge for the Welsh Government, direction of research on the UKRI Strength in Places Fund for the Compound Semiconductor Cluster in South Wales, co-investigator role on the £1.4 million EPSRC TARGET project, £1.2 million EU-funded research on small firm impacts of superfast broadband from 2016 to 2020, and the 2017-2025 Economic Intelligence Wales programme focused on small firm finance. He regularly collaborates with regional institutions, anchor companies, and provides economic advice to the Welsh Government and other stakeholders.

Munday has an extensive publication record, with notable works including 'Regional development and global production networks: The case of the semiconductor industry in Wales' (2026, Regional Studies), 'Might tidal range schemes change the local economic impact dial on renewable electricity generation?' (2026, Renewable and Sustainable Energy Reviews), 'The transformative potential of inward investment on industrial cluster development: The case of the semiconductor industry in Wales' (2024, European Planning Studies), 'Neither true nor fairweather friend: relationship banking and SME borrowing under Covid-19' (2023, European Journal of Finance), and 'Re-appraising ‘in-process’ benefits of strategic infrastructure improvements: Capturing the unexpected socio-economic impacts for lagging regions' (2023, Transport Policy). He chairs the Regional Studies Association Wales Section, holds fellowships as FeRSA and FLSW, and serves as Honorary Professor at Aberystwyth University until 2019. His contributions influence regional policy, productivity analysis, and economic development in Wales.