Pedro Armada

Pedro Armada serves as a Researcher at the Center for Business and Productivity Dynamics at the Halle Institute for Economic Research (IWH) and holds an Assistant Professor position in Macroeconomics and Productivity Dynamics at Friedrich Schiller University Jena.

Education:

• PhD in Economics, Fordham University

His research centers on market power's macroeconomic implications, employing microdata analysis and heterogeneous agent models to examine innovation incentives, wealth inequality, and resource allocation. Key themes include how financial frictions interact with competition policies, the distributional consequences of rising market concentration, and sectoral capital misallocation. His methodological approach combines firm-level empirical evidence with computational general equilibrium frameworks.

Analysis of his working papers reveals consistent focus on Portugal's innovation dynamics, U.S. wealth inequality trends (1989-2016), and Spain's sectoral shifts during European integration (1992-2008). These studies demonstrate how market structure changes drive aggregate productivity losses (5% output decline) and significant inequality increases (up to 28% in wealth concentration), with capital frictions emerging as critical policy targets.

Teaching responsibilities include Computational Methods for Economists (Friedrich Schiller University Jena, Winter 2025) and extensive prior instruction in macroeconomics/microeconomics at Fordham University across six semesters. His pedagogical experience spans graduate theory courses and undergraduate principles instruction.

He operates within the Center for Business and Productivity Dynamics at IWH, which provides institutional infrastructure for his productivity-focused research agenda integrating firm heterogeneity, financial constraints, and policy analysis.