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We are deeply saddened to hear that CEP associate Ghazala Azmat, Professor of Economics at Sciences Po, passed away on Saturday, 7 June. Ghazala was a leading applied microeconomist, known for her work on labour markets,... Read more...
10 June 2025
Congratulations to Dr Antonin Bergeaud who has been named the Best Young French Economist, 2025 by Le Monde and Le Cercle des Économists. The prize is awarded to a French economist under the age of 41 in recognit... Read more...
19 May 2025
Richard Layard writing in the Financial Times, says that a clear commitment to train young people for work will help the government's economic agenda. ... Read more...
21 March 2025
The UKRI Economic and Social Research Council (ESRC) has awarded the Centre for Economic Performance (CEP) £9.2mn for its five-year programme of work from 2025. This renewed funding will enable CEP to co... Read more...
18 March 2025
Paul Cheshire and Christian Hilber comment on proposed changes to the planning system in Britain, arguing the government has shied away from the reform that is needed. ... Read more...
04 March 2025
Henry Overman OBE, professor of economic geography at LSE and CEP research director, has been appointed to the Industrial Strategy Advisory Council, it was announced today. Professor Overman is one of 16 members of the ... Read more...
17 December 2024
John Van Reenen, an innovation expert and former Downing Street policy adviser under Tony Blair’s New Labour government, will head the body, which is expected to sit within the heart of the Treasury. Sources close ... Read more...
11 July 2024
Congratulations to Henry Overman, Professor of Economic Geography and Research Director of the Centre for Economic Performance, who has been recognised in the King's Birthday Honours List 2024. Professor Overman has bee... Read more...
17 June 2024
In a statement to the Observer, Anna Valero, a former member of the chancellor’s economic advisory council, and Dimitri Zenghelis, a former head of economic forecasting at the Treasury, said the country needed to b... Read more...
02 March 2024
Dimitri Zenghelis, Esin Serin, Anna Valero, John Van Reenen and Bob Ward - authors of the LSE paper titled Boosting Growth and Productivity in the UK Through Investments in the Sustainable Economy - examine the fitness o... Read more...
22 January 2024
In medicine, failure can be catastrophic. It can also produce discoveries that save millions of lives. On this episode of Freakonomics, John Van Reenen, Amy Edmondson, Carole Hemmelgarn, Gary Klein and Robert Langer shar... Read more...
18 October 2023
Congratulations to Saul Estrin, emeritus professor of managerial economics and strategy at LSE and associate in CEP’s growth programme, who has been elected as a new Fellow of the British Academy. He is amon... Read more...
27 July 2023
Ralf Martin investigates whether consumers' environmental convictions will fade when confronted with higher prices, showing that consumers seem to prefer environmentally conscious choices, and indicating that changing at... Read more...
06 July 2023
CEP researchers Christian Hilber and Paul Cheshire compare the decline in the UK's home ownership rate, from 70 per cent in 2004 to 64 per cent in recent years, to other countries around the world - UK house prices have ... Read more...
25 June 2023
Anna Valero has been appointed to the chancellor’s economic advisory council, it was announced today. The council provides independent, expert advice on economic policy to help grow the economy. Dr Valero, senior... Read more...
18 April 2023
Alan Manning, the UK government's former immigration advisor, considers whether Britain's post-Brexit migrant strategy has worked. ... Read more...
08 March 2023
Without inherited wealth or a leg-up from the Bank of Mum and Dad, prospective first-time buyers are forced to abandon dreams of home ownership. Paul Cheshire describes the state of affairs for first-time buyers in Londo... Read more...
27 January 2023
The Economist covers Stephan Heblich, Stephen J. Redding and Hans-Joachim Voth's work on Slavery and the British Industrial Revolution in this article, reporting on the causes of the Industrial Revolution. ... Read more...
17 January 2023
Liz Truss and Kwasi Kwarteng don’t seem to know how to go about it. Here are a few starting points. ... Read more...
07 October 2022
Low growth is an entrenched problem in the UK, dating back decades. Anna Valero is among the guests discussing why the country has been performing so badly and what needs to be done to turn us into a high-growth country.... Read more...
23 September 2022
Congratulations to Henry Overman, research director of the Centre for Economic Performance (CEP) and professor of economic geography at LSE, who has been elected as a new Fellow of the British Academy. He is among 85 ne... Read more...
22 July 2022
High energy prices are causing problems, as are the consequences of the Covid pandemic and the effects of Brexit. But research by the Resolution Foundation and the Center for Economic Performance suggests the causes of t... Read more...
15 July 2022
Britain’s departure from the EU has damaged its competitiveness and will cut productivity and wages over the next ten years. Instead of the expected effect of narrowly reducing exports to the EU, Brexit has “... Read more...
22 June 2022
Nick Bloom in conversation on a surprising find from the pandemic: remote work is fuelling economic growth. ... Read more...
02 June 2022
Restarting the Future, a new book by Jonathan Haskel and Stian Westlake, presents the idea that intangible assets, though hard to see and measure, are critically important to foster. ... Read more...
19 May 2022
To understand what is happening to inequality between people we need to understand the behaviour of, and inequality between, firms. Papers published last month as part of the IFS Deaton Review of inequality in work, led ... Read more...
25 April 2022
Jonathan Haskel and Stian Westlake argue that capitalism can be revitalised by promoting ‘further investment’ in what they call ‘intangible capital’. ... Read more...
11 April 2022
Jonathan Haskel and Stain Westlake explain why the UK government's focus on funding overlooks many levers for innovation policy. ... Read more...
30 March 2022
Interview with Swati Dhingra - is this the end of globalisation? In a series of special programmes, Newsnight looks at the impact of the war in Ukraine on the world. ... Read more...
18 March 2022
Congratulations to Philippe Aghion, associate of CEP and the Programme on Innovation and Diffusion (POID), on being awarded the Erasmus Medal of the Academia Europaea. The award is given to a European scholar who has ... Read more...
15 February 2022
The pace of change in the UK jobs market has slowed to its lowest level in decades and, even the disruption of the pandemic, has been a far cry from the upheaval of the 1980s, according to research by the Resolution Foun... Read more...
06 January 2022
Moving to a new employer offers a greater salary increase than staying put - and workers who resign to take up work in booming sectors stand to gain even more, according to research from the Resolution Foundation think t... Read more...
The Power of Creative Destruction has been chosen by The Economist as one of its best books of 2021.The book, by Philippe Aghion, Céline Antonin and Simon Bunel, is described by the magazine as "sweeping, aut... Read more...
17 December 2021
Joint research from the Centre for Economic Performance and the Resolution Foundation suggests that financial officers expect the amount of workers moving from shrinking to growing companies will spe... Read more...
20 November 2021
Findings from the Resolution Foundation and the Centre for Economic Performance challenge the government’s view that levelling up poorly performing companies or poorer regions will raise productivit... Read more...
15 November 2021
A Wharton Research Data Services (WRDS) best paper award has been given to John Van Reenen, director of the Programme on Innovation and Diffusion (POID), and his co-authors Sabrina T. Howell, of New York Unive... Read more...
27 September 2021
The Resolution Foundation and Centre for Economic Performance of the London School of Economics launch an important inquiry, analysing how the country must grapple with recovery from Covid-19, the af... Read more...
31 May 2021
The UK is facing a ‘decisive decade’ of change as five seismic economic shifts – the Covid aftermath, Brexit, the Net Zero transition, an older population and rapid technological change - com... Read more...
18 May 2021
Study by Josh De Lyon and Swati Dhingra finds higher prices and reduced competitiveness due to EU withdrawal. ... Read more...
06 May 2021
Report by Josh De Lyon and Swati Dhingra finds almost two thirds of businesses have suffered from new EU import and export rules, while one in five companies have found it tougher to trade with ... Read more...
Warnings of widespread business failure comes in an analysis by the John Van Reenen and Peter Lambert, using the latest Business Insights and Impact survey. ... Read more...
04 May 2021
Jonathan Colmer and John Voorheis analyse the importance of environmental quality in shaping economic opportunity, and how improvements in health associated with lower prenatal pollution exposure may have... Read more...
11 February 2021
Research by Capucine Riom and Anna Valero finds the Covid-19 pandemic has forced businesses to adopt new technologies and ways of working that will increase the breadth of economic productivity. ... Read more...
08 February 2021
More than 900,000 small businesses are at risk of going under, according to research from Peter Lambert and John Van Reenen, and backed by former Prime Minister Gordon Brown. ... Read more...
27 January 2021
Research by Peter Lambert and John Van Reenen warns around 900,000 small firms – employing 2.5 million workers – are at risk of going bust if Covid-19 rescue schemes are wound up. ... Read more...
Gordon Brown has called for emergency measures to support businesses in the budget after new research by Peter Lambert and John Van Reenen warned almost 1m UK companies were at risk of failure in the next thre... Read more...
A survey of nearly 100 economists revealed that most of them expect the size of the economy not to return to pre-pandemic levels until the third quarter of 2022, despite the expectation of a strong consumer-le... Read more...
03 January 2021
The Economist examines the benefits of working from home in light of lockdown, and cites findings made by Nick Bloom that those who worked from home were more productive. ... Read more...
12 September 2020
Ralf Martin and John Van Reenen explain how a carbon tax could both help pay for the enormous costs of the pandemic and encourage ‘clean’ investment. Crucially, it should be levied in a few years&r... Read more...
02 June 2020
The economic impact of coronavirus. Presented by Ben Chu (economics editor of The Independent) with Lizzy Burden (economics reporter of The Daily Telegraph). This episode features Miatta Fahnbulleh, chief e... Read more...
28 May 2020
Richard Davies talks to Fortune magazine about what helps economies recover from extreme shocks, such as the Covid-19 pandemic. ... Read more...
26 April 2020
How hoax information on social media about covid-19 might be worsening the pandemic. ... Read more...
24 April 2020
This paper uses evidence of increased productivity among two samples of call centre staff working from home to highlight the potential in new management methods. Published 2013. ... Read more...
17 April 2020
John Van Reenen says success in restarting our economy depends on trust in the government, the quality of our health care, and our ability to monitor those with covid-19. ... Read more...
13 April 2020
Remote work works best if it’s by choice and not every day. Many people are being forced to work from home for the first time during the coronavirus outbreak. That could have negative impacts on our... Read more...
20 March 2020
Anne McElvoy discusses economic futures with demographer Danny Dorling and economists Richard Davies and Petr Barton. ... Read more...
17 March 2020
Harvard Business School professor Raffaella Sadun and her colleagues have studied more than 12,000 companies and found that organizations that do the basic, boring work of managing - documenting processes, setting clear ... Read more...
05 November 2019
Disadvantaged areas need evidence-based approaches, not policy innovation, argues the director of the What Works Centre for Local Economic Growth. Evidence-based policy in disadvantaged places, What Works Centre for Eco... Read more...
25 October 2019
The think tank, The UK in a Changing Europe, estimate that these effects will eventually reduce UK GDP per person by around 2.5 per cent, relative to what it would have been were we to stay in the EU. Less trade, however... Read more...
24 October 2019
We are very pleased to have launched our collaborative work on disadvantaged places. This project looks in depth at policy, and the use of evidence, in places in the UK that are most disadvantaged, sometimes referred to... Read more...
Snippet: For example, since 1989, Australia has introduced the system of contingent repayment loans (PARCs) which allow higher education to benefit from public funding supplemented by funding provided by the beneficiarie... Read more...
23 October 2019
Every city wants a cluster, a concentration of high-productivity firms and workers beavering away in a particular industry in a particular place. Proximity means ideas and productivity growing and spreading. Who doesn't ... Read more...
20 October 2019
In a report to be published today by the UK in a Changing Europe think tank, economists say that the prime minister's proposals are likely to end in a "Canada-minus" trade agreement less comprehensive than that between t... Read more...
13 October 2019
The Brexit deal that Boris Johnson, the prime minister, is seeking to strike with Brussels this week would push the UK down the route of a hard Brexit, resulting in the nation missing out on up to 7 per cent of growth, a... Read more...
The Office for National Statistics (ONS) releases its Pink and Blue Books on the balance of payments at the end of October (interestingly the date is later than usual and coincides with the current Brexit departure date)... Read more...
04 October 2019
Meanwhile, some studies suggest that research productivity is slowing down, so that it takes more scientists to glean each new insight across a variety of fields. Fighting this slowdown is a worthy goal, but a difficult... Read more...
03 October 2019
A new data set helps address the lack of innovation data able to capture firms' internal mechanisms and behaviours, write Max Nathan and Anna Cecilia Rosso. What Works Well Centre for Economic Growth... Read more...
02 October 2019
In a context made even more complicated by the situation in Ireland, the economists of the Center for Economic Performance of the LSE underline that the Brexiters also neglect the economic benefits of integration in the ... Read more...
25 September 2019
Lisa Cook, Michigan State University Economics Professor references Opportunity Insights' Who Becomes an Inventor in America? The Importance of Exposure to Innovation by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Pet... Read more...
24 September 2019
Another, Swati Dhingra, lecturer in economics at the London School of Economics, said that since the EU referendum, "the number of foreign investments and expansions… are showing disconcerting reductions."... Read more...
23 September 2019
A new paper by economists Nicholas Bloom, John Van Reenen and Heidi Williams canvasses the principal policies that governments have used to nurture innovation. A Toolkit of Policies to Promote Innovation, Nicholas Bloom... Read more...
20 September 2019
Richard Davis talks about his new book, Extreme Economies. ... Read more...
19 September 2019
Work by the OECD and Oxford Martin School also notes widening gaps in productivity and profit mark-ups between the leading businesses and the rest. This suggests weakening competition and rising monopoly rent. Moreover, ... Read more...
18 September 2019
To find the world's most extreme economies you generally have to travel far from the beaten track. There is one exception to this rule, a city closer to home that was described best by Sean Connery in The Bowler and the ... Read more...
14 September 2019
Such things occur outside idle thought experiments. Guy Michaels, of the London School of Economics, and Ferdinand Rauch, of the University of Oxford, studied the fortunes of Roman-era towns in Britain and France. When t... Read more...
09 September 2019
Dr Thomas Sampson explains what the immediate impacts of a no-deal will have on UK trade. Professor Thomas Sampson from @CEP_LSE explains what the immediate impacts of a #nodeal will have on UK trade.#Nodealexplain... Read more...
05 September 2019
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30 August 2019
In a recent study, Ana Valero and John van Reenen tell us how much the economic benefits of the presence of a university in the region amount to by studying 15 thousand universities located in 1,500 different regions in ... Read more...
26 August 2019
"This plays out over and over, at every scale and within every state," says Muro. And while major coastal metros may attract a higher concentration of elite firms and global talent, midsize cities with universities benef... Read more...
22 August 2019
Lord Richard Layard, a professor at the London School of Economics, has been a pioneer in this area, and believes the government should prioritise policies that boost happiness over growth. His research has gone on to in... Read more...
25 July 2019
Beyond the fact that each one of us has to look for a concordance between the vocation and the labor field, employers can do a lot to achieve this goal. According to Lord Richard Layard, the elements that integrate work ... Read more...
24 July 2019
More than a century ago, the opening of the Panama Canal revolutionized international trade by making it much quicker and easier to travel between the Atlantic and Pacific Oceans. But, write Stephan Maurer and Ferdinand ... Read more...
22 July 2019
Described as a "game-changing event" by London School of Economics Dr. Richard Layard, New Zealand's budget has set a new standard for progressive policy "no other major country that has so explicitly adopted well-being ... Read more...
11 July 2019
Dr Chiara Cavaglia Make Devolution is also affecting "education and skills", e.g. with the Adult Education Budget being managed locally form 2019/20. With this in mind, the All Party Parliamentary Group on Apprenticeshi... Read more...
10 July 2019
Coverage of LSE's #EvidencePod at Evidence Week in Parliament.... Read more...
28 June 2019
Research by Nick Bloom, James Liang, John Roberts and Zhichun Jenny Ying on Ctrip in China showed a 13.5 per cent rise in worker productivity through work from home policies as employees completed their full shift of wor... Read more...
Thirdly, it is exporters who are being especially hard hit by Brexit uncertainty and it is these who tend to be more efficient than the average company. Brute maths, says Stanford University's Nick Bloom, means that this... Read more...
27 June 2019
3) In the Fall 2017 issue of the Journal of Economic Perspectives, and Thomas Sampson sums up the research on what is known and what might come next in "Brexit: The Economics of International Disintegration," In turn, I... Read more...
23 June 2019
"We used to think that unemployment responded to growth in the economy. We used to think I it took about 2 percent growth to make any in roads into unemployment But the recovery since the recession has gone against that ... Read more...
13 May 2019
A company's performance during and after a recession depends not just on the decisions it makes but also on who makes them. In a 2017 study, Raffaella Sadun (of Harvard Business School), Philippe Aghion (of College de Fr... Read more...
16 April 2019
Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But ne... Read more...
15 April 2019
Original information: Chiara Criscuolo, Ralf Martin, Henry G. Overman, John Van Reenen. Some Causal Effects of an Industrial Policy. American Economic Review, 2019, 109(1): 48-85. Governments around the world provide la... Read more...
14 April 2019
Jo Blanden, co-author of the study, said: 'Research and political debate have focused on relative social mobility - that is, whether those with higher incomes are likely to have children who are also relatively well-off'... Read more...
12 April 2019
One of the first major trade expansions in human history provides early evidence that trade promotes growth, write Jan David Bakker, Stephan Maurer, Jorn-Steffen Pischke and Ferdinand Rauch. ... Read more...
04 April 2019
However, women inventors made up only 12% of all inventors on patents granted in 2016 - the most recent year for which data is available - according to the patent office. That disparity is not a good sign and even hurts... Read more...
26 March 2019
Meanwhile, a very interesting new paper by economists Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Remy Lecat and Helene Maghin looks at the relationship between credit constraints and productivity at the level of i... Read more...
25 March 2019
In a similar spirit, I of course know that the introduction of a printing press with moveable type by to Europe in 1439 by Johannes Gutenberg is often called one of the most important inventions in world history. However... Read more...
22 March 2019
Evidence of the UK's economic performance since the EU Referendum is clear: GDP growth has slowed down, productivity has suffered, the pound has depreciated and purchasing power has gone down, and investments have declin... Read more...
21 March 2019
Jonathan Haskel worried by falling business investment driven by uncertainty.... Read more...
14 March 2019
Book prices fell, the salaries of university professors rose, and revolutionary religious ideas spread, write Jeremiah Dittmar and Skipper Seabold.... Read more...
"It's important to remember that China started with a much more broad-based and educated workforce when it embarked on its economic transition," says Swati Dhingra, from the London School of Economics. "India has seen m... Read more...
13 March 2019
Bank of England policy maker Jonathan Haskel warned that the UK may not see a material pickup in investment growth even if the government secures an exit deal with the European Union this month. Haskel, in his first spe... Read more...
11 March 2019
Phlippe Aghion (College of France, LSE, and CEPR) discusses work on merged datasets from the UK - one detailing occupation & wages, the other looking at R&D and investment. ... Read more...
04 March 2019
Volume 68, February 2019, Pages 53-67 The Economic Impact of Universities: Evidence from Across the Globe, Anna Valero, John Van Reenen. NBER Working Paper No. 22501 How universities boost economic growth Anna Valer... Read more...
01 February 2019
"Lessons from this RCT will provide valuable insight into the most (a) effective and (b) cost-effective means of driving adoption of AI; whether education and convening is sufficient to drive adoption or whether a degree... Read more...
29 January 2019
04 January 2019
Swati Dhingra, associate professor, LSE Slowdown like earlier, low GDP growth relative to other OECD countries. Dampening of investments. Hard to predict numbers here because short-term forecasts are not the most relia... Read more...
02 January 2019
Alongside the new labour market rights, the government is also set to create a new single labour market enforcement body following a review by David Metcalf, the UK's first director of labour market enforcement, who re... Read more...
17 December 2018
Snippet: ... Build, build, build! Free exchange (November 24th) argued that there is more to high house prices in Britain than constrained supply. Well, yes, and no. The underlying cause of housing unaffordability is con... Read more...
15 December 2018
John Van Reenen argues that competent managers are desperately undervalued in the UK. The MIT economics professor, who until recently headed the LSE's Centre for Economic Performance, concedes that most studies ... Read more...
08 December 2018
"We see a lost generation," said Swati Dhingra, an economist at the London School of Economics. "There was already wage stagnation and productivity stagnation. The trade war has exacerbated all of that."... Read more...
01 December 2018
Nick Bloom on Brexit uncertainty. A survey of 3,000 companies, funded by the Bank of England, which notes "Brexit's importance as a source of uncertainty has risen further in recent months". Nick Bloom, said: "Le... Read more...
12 November 2018
By Paul Cheshire With housing nothing seems to change. This is what I wrote in 1999: “Concerns [about rising house prices] focus on the short term symptoms but it is really a long term problem. The... Read more...
11 August 2018
The prize, sponsored by Wiley is worth £5,000 and is awarded annually for achievement in research by an outstanding early career economist. Associate Professor Mirko Draca was named by the British Ac... Read more...
09 August 2018
The OECD estimated before the referendum that a WTO Brexit could cost the UK up to 5.1 percent of GDP over 15 years. A study by the London School of Economics estimated a 9.5 per cent hit. ... Read more...
20 July 2018
The German bombing offensive brings lessons about worker density and zoning restrictions in London - and perhaps New York and Tokyo, write Gerard Dericks and Hans Koster. ... Read more...
25 June 2018
Article by Josh De Lyon, Elsa Leromain and Maria Molina-Domene: The Brexit debate is intense and continues to dominate the UK policy agenda. It concerns the entire population. The authors use Twitter dat... Read more...
21 June 2018
Research productivity – measured by number of papers produced per head of population – also correlates reasonably strongly with economic development measures. So do enrolment levels in tertiary edu... Read more...
31 May 2018
Article by Guy Michaels and Ferdinand Rauch The world is urbanising rapidly (World Urbanization Prospects, the 2011 Revision). Some of its rapidly growing cities, however, seem to be misplaced. They are ... Read more...
24 May 2018
Article by Guy Michaels and Ferdinand Rauch The world is urbanising rapidly (World Urbanization Prospects, the 2011 Revision). Some of its rapidly growing cities, however, seem to be misplaced.... Read more...
Recent studies show that scientific progress is decelerating and tends to stagnate on the whole. In the paper “Innovating Harder and Harder to Find?” published in March of this year, four economist... Read more...
The Treasury could also look to academia. Tenreyro sits on the board of the Womens’ Committee of the Royal Economic Society, where her colleagues include Bristol University’s Sarah Smith, Grace Lor... Read more...
14 May 2018
That daunting prospect has received some support from a new paper by economists Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb, entitled “Are Ideas Getting Harder to Find?” They... Read more...
13 May 2018
Of all economic indicators, a high employment rate is most likely to correlate with greater happiness, according to researchers. The London School of Economics consulted 29 academics, of whom 24 agreed that em... Read more...
12 May 2018
Article by Stephen Machin. As Director of the Centre for Economic Performance (CEP) at LSE, I am delighted that the Centre has been named as one of the two inaugural ESRC Research Institutes. This is tes... Read more...
10 May 2018
The Economist's Soumaya Keynes continues her quest to find out why the study of economics is so dominated by men. Does that affect the kind of economics we get, and why does that matter? In her second prog... Read more...
08 May 2018
The annual American Economic Journal (AEJ) Best Paper Award highlights the best paper published in each of the American Economic Journals: Applied Economics, Economic Policy, Macroeconomics, and Microeconomics... Read more...
07 May 2018
Since Trump was elected president, many measures of policy uncertainty have jumped. Take the widely used monthly U.S. Policy Uncertainty Index created by the economists Scott Baker, Nicholas Bloom, and Steven ... Read more...
The scary idea is that easy-to-discover technology is a finite, exhaustible resource. … That daunting prospect has received some support from a new paper by economists Nicholas Bloom, Charles I. Jones, ... Read more...
02 May 2018
Several commentators have suggested that a domestic infrastructure bank could fill the void if the UK was unable to access EIB support. The LSE Growth Commission have promoted the creation of such an... Read more...
27 April 2018
SWINDON, United Kingdom – The Economic and Social Research Council(ESRC) has announced that the Centre for Economic Performance (CEP), the Enterprise Research Centre (ERC), the What Works Centre for Loca... Read more...
16 April 2018
The Economic and Social Research Council is delighted to announce that the Centre for Economic Performance (CEP), the Enterprise Research Centre (ERC), the What Works Centre for Local Economic Growth Centre (L... Read more...
Pawel Bukowski (LSE) about the research presented at the IBS seminar “(Un)equal wages, incomes and wealth in Poland?” (Warsaw, 23/10/2017). ... Read more...
12 April 2018
Relocation is one successful example of public sector jobs boosting private sector activity, write Giulia Faggio, Teresa Schlüter and Philipp vom Berge. In a recent SERC discussion paper, we study t... Read more...
09 April 2018
Today for the first time, the Economic and Social Research Council (ESRC) is to recognise its global centres of excellence with official ESRC Research Institute status. The move acknowledg... Read more...
Once again, I’m brooding over science’s limits. I recently posted Q&As with three physicists with strong opinions on the topic--David Deutsch, Marcelo Gleiser and Martin Rees--as well as this c... Read more...
07 April 2018
Article by Thomas Sampson. The full economic consequences of Brexit will not be realised for many years. But 21 months after the referendum, we can start to assess how the Brexit vote ha... Read more...
05 April 2018
Disruption to trade caused by Brexit could cost the average Briton as much as £1,700 a year, with Remain-backing areas bearing the brunt, a report has claimed. The research suggested many of the worst-af... Read more...
27 March 2018
The 2018 Italian election had a notable geographic split in voting behaviour, with Lega having more support in the north of the country and the Five Star Movement proving more successful in the south. Monica L... Read more...
20 March 2018
Numerous studies have shown that raising the minimum wage doesn’t hurt job growth, and differences in minimum wages in neighboring states don’t cause businesses to move significantly. As long as th... Read more...
The telegraph was the Victorian equivalent of today’s ‘big data’, helping firms to forecast future demand, writes Claudia Steinwender. How do exporters gather information about overseas... Read more...
In this blog, Josh De Lyon (LSE’s Centre for Economic Performance) discusses some of the concerns with the economic forecasts of the effects of Brexit and suggests that the available reports are inf... Read more...
13 March 2018
Opinion – Letters to the Editor: Alastair Hamilton must acknowledge Brexit realities Writing in the Huffington Post Invest NI chief executive Alastair Hamilton has described the concern that Brexit... Read more...
07 March 2018
The Stanford professor and economist Nicholas Bloom brought up the potential for fraud, adding that government enforcement would be difficult. ... Read more...
21 February 2018
While Caplan dismisses the possibility that universities offer society any real economic benefit, data shows otherwise. After studying new data from UNESCO’S World Higher Education Database, covering 15,... Read more...
06 February 2018
DOI: 10.1111/ecoj.12424 ... Read more...
05 February 2018
Anna Valero interviewed, speaking about the big picture of UK productivity: low investment, bad training, bad management and lack of infrastructure. BBC business correspondent Jonty Bloom... Read more...
To sustain economic growth, the United States must double its overall research effort every 13 years. That’s because it is taking an increasing amount of effort to generate enough ideas to power the econ... Read more...
02 February 2018
…nearly six years. The Centre for Economic Performance says that the vote has cost the … ... Read more...
25 January 2018
Stanford economist Nicholas Bloom and his cohort analyzed the federal revenue data from the late 1970s to 2013 and found that the gap has shrunk to 20%. Professor Bloom said: "The big pay has existed for ... Read more...
18 January 2018
A recent British study by the Centre for Economic Performance compared student results across schools based on cellphone-use policies and concluded, "Schools that restrict access to mobile phone... Read more...
17 January 2018
The Government and Public Sector Report has been published today. It provides updated in 2018 year analysis of Government and Public Sector Industries. How does education affect economic and social outcomes... Read more...
13 January 2018
The average British household is already worse off than it was before the Brexit vote. Dennis Novy and Thomas Sampson discuss how much of the rise in inflation is due to Brexit. Higher prices are costing the a... Read more...
08 January 2018
According to the calculations of the Center for Economic Performance (CEP), Brexit will significantly affect inflation, the national currency rate, as well as the income level of the British and the overall qu... Read more...
07 January 2018
AREPORT written by a Welsh political consultant for a thinktank set up by Tony Blair paints a bleak picture of a post-Brexit future. Dafydd Rees, who has held senior positions with the BBC, Sky and Bloomberg, ... Read more...
05 January 2018
Executive summary: This document sets out some of the key things we have learnt since the referendum. These include: The Office for Budget Responsibility has downgraded UK growth expectations for the ... Read more...
04 January 2018
The following information was released by the Office of Tony Blair: Executive summary The Centre for Economic Performance says that the Brexit vote has cost the average household 404 a year. ... Read more...
03 January 2018
The latest forecasts from major London economic research houses seem to provoke pensive respondents. The renowned London Economics University, a study by the London School of Economics (CEP), has shown that th... Read more...
01 January 2018
The UK will remain a relative laggard among developed countries this year as the after-effects of the Brexit referendum mean the economy will only enjoy limited benefits from a global upswing in growth, econom... Read more...
The London School of Economics has estimated that failing to agree a trade deal could cost the UK economy up to £430 billion over five years. ... Read more...
Large London think tanks have also drawn attention to the real wage erosion in Great Britain. The recent London-based Economics Research Center (CEP), the London-based Economics University of London, has shown... Read more...
29 December 2017
The recent study of the London School of Economics (CEP) in London has demonstrated with various model calculations that the unexpected market and real economy shock of a British EU member, who won a narrow ma... Read more...
A study published by the Center for Economic Performance at the London School of Economics says the happiest age in human life, statistically, is 23 and 69 years. Based on data from 23,161 people aged 17 and 8... Read more...
28 December 2017
Article by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen: Relatively little is known about the factors that induce people to become inventors. Using data on the lives of over... Read more...
24 December 2017
Brexit analysis from the Centre for Economic Performance recently found that the living standard of every income group in the UK would decrease after Brexit, with those on middle incomes suffering slightly mor... Read more...
22 December 2017
In a recent Guardian column, Elliot reproduced some classic misconceptions about what economists actually do By Stephen Machin and co-authors It has become routine to assault the “dismal science&rd... Read more...
20 December 2017
According to a study by the Financial Times, which analyzed a wide range of estimates and predictions, output in the UK is about 0.9% below the potential for remaining in the single market. In a complementary ... Read more...
Moreover, despite the birth of a true sub-discipline of economics - the economy of happiness - it will still take more than 40 years between the publication of the great article founder Richard A. Easterlin (&... Read more...
As the portal iz.ru wrote, according to calculations for the Center for Economic Performance, each British family will lose up to £404 per year because of Brexit. This is due to rising prices for consume... Read more...
19 December 2017
Everything paletti thus? Not quite. There is a loser, and that means Great Britain. It is becoming increasingly clear that Brexit was not a good idea, at least economically. Thomas Sampson and his colleagues f... Read more...
18 December 2017
Thomas Sampson and colleagues at the London School of Economics have examined the direct effect of sterling’s depreciation since the EU referendum on prices and living standards. With the pound falling a... Read more...
Business investment grew by 1.3 per cent in the third quarter of 2017, this is down almost five-fold against official forecasts for growth drawn up in 2016. This economic downturn after Brexit has already cost... Read more...
FT research shows that the weekly hit to the British economy could be the same £350m that Leave campaigners promised to claw back Thomas Sampson and colleagues at the London School of Economics have e... Read more...
And crooks respond to the changing value of goods, says Mirko Draca of the University of Warwick. With colleagues at the University of Glasgow and the London School of Economics, he examined the effect of pric... Read more...
16 December 2017
In June 2016, a referendum was held in Britain and the result was to withdraw from the EU. This opens the door to an experiment: what happens when an economy wants to reduce its globalization and lift its ties... Read more...
15 December 2017
John Van Reenen, an economist at MIT and another of the “Ideas” paper’s authors, has performed studies that look at talent cultivation in the U.S. by trying to determine the likelihood of som... Read more...
In a study of the English Center for Economic Performance, published in late autumn, it is reported that only the fact of voting for England's withdrawal from the European Union has resulted in serious los... Read more...
11 December 2017
Thus, the report for the Center for Economic Performance shows that voting for exit from the EU "was an unforeseen shock for the UK economy," the researchers conclude. "Our results provide convi... Read more...
10 December 2017
The skepticism about future growth potential is becoming international. Stanford economist Nicholas Bloom recently pointed out that innovation as a growth engine has become increasingly costly. "What worr... Read more...
05 December 2017
Article by Thomas Sampson, Dennis Novy, Holger Breinlich and Elsa Leromain Most economists believe that Brexit will be bad for the UK economy in the long-run. But what about the short-term? How ha... Read more...
04 December 2017
Andrew Carter talks to Bridget Rosewell and Henry Overman about the merits of big infrastructure projects. In this month’s episode, our chief executive Andrew Carter talks with Bridget Rosewell, Co... Read more...
30 November 2017
Economists have a hard time explaining why productivity growth has been shrinking. One theory: true innovation has gotten much harder – and much more expensive. So what should we do next? John V... Read more...
29 November 2017
A report by the London School of Economics’ Centre for Economics Performance earlier this month estimated that the Brexit-related spike in inflation in the UK had already cost the average UK household ar... Read more...
Alison Thewliss MP (SNP), Shadow SNP spokesman for Cities and Treasury referred to the recent CEP report The Brexit Vote, Inflation and UK Living Standards estimate "that the average household has... Read more...
27 November 2017
Article by Thomas Sampson et al Most economists believe that Brexit will be bad for the UK economy in the long-run. But what about the short-term? How has the referendum affected households in the first yea... Read more...
However, the regions that are now calling for special rules do not belong to those parts of the country that Brexit is likely to hit particularly hard economically. According to calculations by economists at t... Read more...
The latest work by economists at the London School of Economics estimates that, if the UK crashes out of the EU with no deal, the impact will be far more severe than the projections in the budget suggested. Th... Read more...
26 November 2017
… Dr Thomas Sampson, who co-authored the Centre for Economic Performance research, said: "Even before Brexit occurs, the increase in inflation caused by the Leave vote has already hurt UK household... Read more...
25 November 2017
Government sources said ministers would this week release sections of assessments into the potential economic impact of Brexit carried out across Whitehall, which until recently they had tried to keep secret. ... Read more...
Growth largely rested on household spending. The companies, influenced by the uncertainty created by the Brexit - exit of the United Kingdom of the European Union (EU) -, invested cautiously while clearing unk... Read more...
24 November 2017
According to the Center for Economic Performance Research Center (CEP), one of the main consequences of the vote on leaving the European Union was a marked decrease in the quality of life of British subjects. ... Read more...
... according to new analysis from the Centre for Economic Performance (CEP) at the London ... ... Read more...
In the first detailed statistical analysis of how the referendum outcome has affected UK inflation, wages and living standards Thomas Sampson and his team show UK households are paying a high economic price fo... Read more...
The danger is not making a real difference to productivity when the country needs it the most, writes Anna Valero. Budget 2017 began with a bleak assessment of the UK’s growth prospects. For those of us ... Read more...
In support of this statement we can mention a recent investigation by a team of economists from the London School of Economics, directed by Richard Layard. The researchers analyzed data from surveys conducted ... Read more...
23 November 2017
In the referendum on British EU membership last June, a small, 51.9 percent majority of the participants voted out. The study, published on Monday by the prestigious London Economics University at London Schoo... Read more...
We’ve picked all the low hanging fruit when it comes to new ideas, and the world is set for more parsimonious times. This is the idea put forward in a recent research paper by Nicholas Bloom, John Van Re... Read more...
A statistical analysis on the consequences of the Brexit vote in the United Kingdom was released on Monday, showing how the referendum outcome has affected inflation and living standards of people across the c... Read more...
Recently, the Center for Economic Performance (CEP), a local research center, recently released a survey according to which every British family, on average, loses 400 pounds sterling per year due to Brexit. ... Read more...
22 November 2017
“One of the guys who pays my wages has decided he’s pulling investment from the UK,” my private fund manager mate tells me on Sunday as we stand on the touchline, watching our kids play rugby... Read more...
Meanwhile, on the home front consumers have been fighting raging price increases thanks to the collapse in the value of the pound. The average household has lost £404 last year according to the Centre fo... Read more...
On 23 June 2016, the UK voted to leave the EU. As soon as the result became clear, sterling depreciated sharply and, since the vote, UK inflation has dramatically increased. How much of the rise in inflat... Read more...
Dr Thomas Sampson, who co-authored the Centre for Economic Performance research, said: “Even before Brexit occurs, the increase in inflation caused by the Leave vote has already hurt UK households. &ldqu... Read more...
20 November 2017
According to research conducted by the UK-based Centre for Economic Performance "By June 2017, the Brexit vote was costing the average household £7.74 per week through ... Read more...
Article by Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson. On 23 June 2016, the UK voted to leave the EU. As soon as the result became clear, sterling depreciated sharply and, since the vote, ... Read more...
The first detailed statistical analysis of how the referendum outcome has affected UK inflation, wages and living standards shows UK households are paying a high economic price for the vote to leave the Europe... Read more...
Other research confirms that the beneficial effect of universities isn't just correlation. A 2015 paper by economist Shimeng Liu found that areas where the U.S. federal government made land grants to unive... Read more...
14 November 2017
While movements in global commodity markets helped raise inflation, price rises in the UK have outstripped those in other leading economies. By September 2017, prices were up 3 per cent over the past year comp... Read more...
13 November 2017
“The inflation figures are the most informative,” says Swati Dhingra, at the Centre for Economic Performance at the London School of Economics. She says the impact of broad uncertainty has been har... Read more...
In Are Ideas Getting Harder to Find? (NBER Working Paper No.23782), Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb argue that, to maintain a given rate of economics growth, resources devote... Read more...
10 November 2017
Is it possible, as Trump’s statement suggests, to compare two countries’ economies and which indicators would we use to do so? GDP per capita is considered a baseline when comparing two economies. ... Read more...
09 November 2017
According to research from the London School of Economics’ Centre for Economic Performance the average weekly earnings between 2002 and 2008 rose at an average rate of 4% a year and prices at just 2... Read more...
08 November 2017
Article by Davide Cantoni, Jeremiah Dittmar and Noam Yuchtman. Five hundred years ago today, Martin Luther posted 95 theses on the Wittenberg Castle church door critiquing Catholic Church corruption, setting o... Read more...
31 October 2017
Nicholas Bloom, Charles Jones, John Van Reenen and Michael Webb show through detailed analysis of firms that research productivity is declining even as research efforts are rising. One of their key findings: &... Read more...
30 October 2017
Tory whip writes to every vice-chancellor to ask for syllabus and any online material Academics are accusing a Tory MP and government whip of “McCarthyite” behaviour, after he wrote to all unive... Read more...
24 October 2017
Modern-day inventors–even those in the league of Steve Jobs–will have a tough time measuring up to the productivity of the Thomas Edisons of the past. That’s because big ideas are getting har... Read more...
20 October 2017
A major impediment to clarity has been the weight of advice from what Michael Gove calls ‘organisations with acronyms’ suggesting that a ‘no deal’ on trade will greatly damage the... Read more...
13 October 2017
Behavior Economist and Nobel Prize Winner Economics Richard H. Thaler is best in joking when a journalist asks him from Stockholm what he will do with the prize. A jovial man also confirms his Belgian colleagu... Read more...
09 October 2017
"Ideas, and in particular the exponential growth they entail, are getting harder and harder to find," according to a recent study by the National Bureau of Economic Research in the United States. The... Read more...
03 October 2017
A society in which poverty does not exist sounds utopian - this society is equal but unfair, so it risks collapse, argues Nicholas Bloom, a professor of economics at Stanford University. "People do not wo... Read more...
01 October 2017
There may come a whole range of inventions that we can hardly imagine today. Already existing innovations also need some time to affect productivity in production chains. This concerns robotics and a range of ... Read more...
27 September 2017
A new working paper at the NBER looks into the productivity of research effort, that is, how research effort correlates with an increase in output. ‘Are Ideas Getting Harder to Find‘, authored by N... Read more...
26 September 2017
Nicholas Bloom, a SIEPR senior fellow and co-author of a paper released this week by the National Bureau of Economic Research, contends that so many game-changing inventions have appeared since World War II th... Read more...
25 September 2017
The South-East is not the country’s productivity engine, rather a band stretching west from the capital towards Bristol is, according to a new LSE report which challenges prevailing wisdom on the uneven ... Read more...
21 September 2017
Article by John Van Reenen: What are the costs and benefits of regulation? Most countries treat smaller firms more generously when it comes to business regulation, exempting them from some of the burdens on la... Read more...
20 September 2017
Article by Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb: The rate of productivity growth in advanced economies has been falling. Optimists hope for a fourth industrial revolution, while p... Read more...
A fascinating new paper by Nicholas Bloom and colleagues at Stanford and MIT has created waves by claiming that ideas are getting harder to find, which implies that many more researchers are needed to maintain... Read more...
17 September 2017
14 September 2017
…the “dearth of new ideas” thesis still resonates. A new paper from Stanford’s Nicholas Bloom, Charles Jones, Michael Web and MIT’s John Van Reenen examines this particular aspec... Read more...
A team of top boffins is starting to worry that humans are running out of ideas and are citing the tech industry’s inability to come up with a solution for Moore's Law as a case study. Economic resea... Read more...
13 September 2017
Research just isn’t as effective as it used to be In a paper published Monday through the National Bureau of Economic Research, "Are Ideas Getting Harder to Find?", economics professors Nich... Read more...
11 September 2017
The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK and the EU, the majority view is that the loss of GDP cou... Read more...
08 September 2017
Snippet…Here is the amazing fact: today, 16 of France’s 20 largest cities are located on or near a Roman town, while only 2 of Britain’s 20 largest are. This difference existed even back in ... Read more...
03 September 2017
Article by Philippe Aghion and Benedicte Berner The French government has just announced the guidelines for a new labor code, its first major reform to boost France’s economy, by giving more flexibili... Read more...
01 September 2017
Research shows that policy uncertainty can drive down business investment by six to 10.5 per cent. To see how the election created uncertainty in B.C., the Fraser Institute created a proxy measure using newspa... Read more...
31 August 2017
..With incredible timing, Michaels and Rauch, alongside two other coauthors, have another working paper called Flooded Cities. Essentially, looking across the globe, there are frequent very damaging floods, oc... Read more...
30 August 2017
The LSE quartet – professors Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen – do concede that there is, potentially, a very minor boost to going it alone. Their own model... Read more...
21 August 2017
…A paper in the latest American Economic Review (AER) provides an intriguing perspective on the issue. Tim Besley of the LSE and two Swedish colleagues carried out a very detailed empirical analysis ... Read more...
16 August 2017
Uncertainty about a nation’s economic policies can influence both politics and financial markets, and the effects often spread beyond the country’s borders. Building on his research with Northweste... Read more...
14 August 2017
The Center for Economic Performance estimated that in the case of such a scenario over the decade, trade would have fallen by 40 percent and average income by 2.6 percent. ... Read more...
According to a study by the London School of Economics (LSE), with the participation of the Organization for Economic Cooperation and Development, most human misery is not due to economic factors, but to faile... Read more...
13 August 2017
Antoine Dechezleprêtre and Misato Sato, Review of Environmental Economics and Policy, Volume 11, Issue 2, July 2017 ... Read more...
08 August 2017
Theresa May on vacation, the ministers of soft and hard Brexit clash in the most perfect disorder. Economists, on the other hand, predict a decline in growth. The government's hesitations have an impact... Read more...
Snippet: ... "I felt like I was sold the dream, but entered a nightmare^” And you may also recognise a familiar voice on the show, as it’s narrated by MasterChef’s voiceover artist India... Read more...
05 August 2017
27 July 2017
Trump and Brexit are rapidly becoming the main threat to the upturn. Once the downturn begins, all fingers will point to them. But the real causes lie somewhere else: Stanford economist Nicholas Bloom points t... Read more...
18 July 2017
A recent study by Erling Bath, Alex Bryson, James Davis, and Richard Freeman showed that the diffusion of individual pay since the 1970s is associated with pay differences between, not within, companies. The S... Read more...
17 July 2017
In the world of business and economics, there’s a bit of a fixation on uncertainty. To start, there's the VIX, a measure of investor fear, that tracks expected volatility in the markets. But the... Read more...
12 July 2017
At the G7delle University, which took place recently in Udine, "I talked about the role of universities – concluded sun-in the development of the economic revival of the internal areas, as demonstra... Read more...
06 July 2017
The 25th Arrow Award for the best paper in health economics is awarded to Martin Gaynor, Carol Propper, and [CEP Alumni] Stephan Seiler for their paper “Free to choose? Reform, choice and considera... Read more...
27 June 2017
As has become the tradition for our last post of the academic year, we’re featuring summer reading recommendations from special people at LSE. This year, two winners of the LSESU Teaching Excellence Awar... Read more...
26 June 2017
But the greatest potential trouble is on Brexit, with the constitutional uncertainty growing and economists laying out this week just what a hard or chaotic Brexit could mean for the economy: the pound droppin... Read more...
21 June 2017
The Impact Factor is the average number of times articles from the journal published in the past two years have been cited in the JCR year. The Impact Factor is calculated by dividing the number of citations i... Read more...
16 June 2017
10 June 2017
Dominique Goux, Marc Gurgand and Eric Maurin Related publications ‘in brief… What can be done to help low-Achieving teenagers?’ Dominique Goux, Marc Gurgand and Eric Maurin.&... Read more...
06 June 2017
Article by Nicholas Bloom, Erik Brynjolfsson, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen Our analysis of the Census data, conducted with Lucia Foster and Ron Jarmin of the U.S. Census Bureau and... Read more...
18 April 2017
On Monday, Swati Dhingra of the London School of Economics told the Royal Economic Society annual conference that most academic economists had predicted a 1-3 per cent fall in economic output by five years aft... Read more...
10 April 2017
The SCDI Forum – ‘Brave New Worlds? Economic Growth & Wealth Creation’ – will today (Thursday 16 March) consider the challenges and changes facing our economy, with presen... Read more...
17 March 2017
‘Agglomeration externalities and urban growth controls’, Wouter Vermeulen, Journal of Economic Geography Volume 17, Issue 1, January 2017 http://bit.ly/2n719tK Related publications Agglome... Read more...
09 March 2017
National figures on economic growth fail to take into account of regional variations and ignore quality of life, such as the gap in life expectancy between Surrey and the north east of England, the Inclusive G... Read more...
07 March 2017
Then three economics and finance professors—Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago—created a series of Economic Poli... Read more...
05 March 2017
The LSE Growth Commission sets out a new blueprint for inclusive and sustainable growth that deals with the challenges facing the UK, old and new. Based on the latest research, analysis and evidence from leadi... Read more...
03 March 2017
Last Friday, the LSE Growth Commission released a new report setting out a blueprint for inclusive and sustainable growth in the UK, which deals with both old and new challenges. Related publications ... Read more...
02 March 2017
As the London School of Economics’ “Growth Commission” noted in a recent update on the UK economy, growing self-employment is eroding the incentives for companies to invest in training and sk... Read more...
01 March 2017
…"more coherent and comprehensive than anything the government has yet come up with" Article on the LSE Growth Commission Report. Related publications 'UK Growth: A New Chapter',... Read more...
26 February 2017
Britain’s tax laws are biased in favour of the self-employed and should be reformed to enable greater investment in people instead of buildings and machines, the LSE Growth Commission has said. This was ... Read more...
23 February 2017
Snippet: ... Due today: latest migration figures from the ONS, and a report on the economy from the LSE Growth Commission. ... Read more...
Henrik Kleven and Camille Landais, Economica, 14 March 2017 DOI: 10.1111/ecca.12230 ... Read more...
22 February 2017
© The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Volume 50, Issue 1 Pages 1 - 132, March 2017 Observations on Uncertainty (pages 79–84) Nicholas Bl... Read more...
21 February 2017
Index of uncertainty in the economic policy of China and Hong Kong (China-Hong Kong Economic Policy Uncertainty Index-CHEPUI) are at record levels 672.82 points after soaring up fivefold higher than the averag... Read more...
20 February 2017
Economic policy is always challenging to decipher in China, where Communist Party leaders steer one of the world's most opaque central banks. Indeed, one measure of uncertainty has never been hig... Read more...
A recent paper by David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen speculates that tech might have enabled the rise of a few “superstar” companies in each industry. T... Read more...
15 February 2017
Von anderen Star-Ökonomen waren eher pessimistische Stimmen zur Wirtschaftsentwicklung unter Trump zu hören. So sagt Stanford-Ökonom Nicholas Bloom, ... Related publications 'Meas... Read more...
14 February 2017
New research claims leaving the EU will have bigger impact on UK productivity than had been thought Britain’s departure from the European Union could cause output losses of as much as 9.5 per cent, ac... Read more...
09 February 2017
Britons' incomes could be slashed by as much as 9.5 percent once the U.K. formally leaves the European Union, a new study released today by MIT economics professor John Van Reenen has claimed. The repor... Read more...
08 February 2017
By checking on people at random times of the day via an app, Alex Bryson and George MacKerron uncover the misery of work. Related links Alex Bryson, CEP Alumni, Labour Markets Programme. ... Read more...
Economists point to three factors to explain how population is distributed: geographical characteristics, agglomeration, and history. This column, taken from a new Vox eBook, examines ... Read more...
31 January 2017
There are several worrying trends in the global economy, such as rising inequality within countries and slowing productivity growth. But perhaps the most troubling of them is the fall in labor’s share of... Read more...
27 January 2017
And it isn't "infrastructure" Improving our management skills is part of this. John van Reenen at the London School of Economics has written about how the quality of management in different co... Read more...
25 January 2017
"It genuinely feels that the political uncertainty is very high," said Nicholas Bloom, Professor of Stanford and co-developer of the index of uncertainty. ... Read more...
24 January 2017
Next week, government and business leaders from around the world will meet in Davos, Switzerland for the 2018 World Economic Forum to discuss this years's theme: "Creating a Shared Future in a Fractur... Read more...
19 January 2017
Evidence published in 2015 by Michaels and Graetz from a dataset of companies in 17 countries gathered between 1993 and 2007, suggests that while productivity increases with robotic innovation and some semi-sk... Read more...
16 January 2017
Investors should brace themselves for more profit warnings in 2017. This isn't simply because economic growth will slow this year: economists expect an expansion of only 1.2 per cent this year after 2 p... Read more...
04 January 2017
Growth will slow, incomes will be squeezed and investment delayed, FT survey finds Question: ‘How much, if at all, do you expect UK economic growth to slow in 2017?’ Stephen Machin, professor... Read more...
02 January 2017
Professor John Van Reenen, who predicted ahead of the referendum that Brexit would cost up to £1,700 per household per year, has been given an OBE for services to economics and public policy making. Othe... Read more...
30 December 2016
We have seen signs that the companies which manage to exploit the robots and the Internet of Things (IoT) in their production machinery can compete with factories in the distant economies. This trend is furthe... Read more...
23 December 2016
Many people think that migrants take jobs away from citizens, reduce wages or both. Others argue that immigrants benefit the economy because they take risks and start businesses. In three short videos be... Read more...
29 November 2016
Brexit and the uncertainties surrounding it present an unprecedented challenge, writes Anna Valero In his first Autumn Statement (and last – since he has decided to abolish them in favour of an annua... Read more...
24 November 2016
Skills policies would ideally be co-ordinated with the government’s proposed new industrial strategy. “In the long-run, skills are really important for growth,” said Stephen Machin, co-chair ... Read more...
21 November 2016
Anna Valero, the London School of Economics, and John Van Reenen of MIT assessed exactly how much universities contributed to GDP. A total of 78 countries were examined over six decades, looking... Read more...
18 November 2016
Professor Manning appointed for a 3 year term. Professor Manning has been appointed for a 3 year term following a rigorous recruitment process regulated by the Commissioner for Public Appointments. Home ... Read more...
16 November 2016
Dr Swati Dhingra interviewed, talking about the potential international implications of a Trump White House as well as initial reactions from (Brexit) UK. The interview was broadcast by CKWX News on the Ne... Read more...
… "Uncertainty is a real risk," said economist Michael Strain, of the American Enterprise, a right-of-center think tank. "I'd be reluctant to start a business now, and if I had one, I... Read more...
15 November 2016
We have gone back to the post-Brexit growth forecasts made earlier this year by six organisations – the NIESR, the Treasury, the OECD, the London School of Economics, the Confederation for British Indust... Read more...
07 November 2016
EU trade ministers have had Belgium on their minds today - but rather than tucking into chocolate and waffles they've been dealing with the more unappetizing problem of a regional Belgian parliament that's blocking thei... Read more...
18 October 2016
The studies, by the Treasury, the thinktank NIESR and the Centre for Economic Performance and London School of Economics, predicted the effect on the British economy if the UK was to opt for a Norway-style model. That wo... Read more...
3. Immigrants have not depressed the wages of UK workers A report by the London School of Economics this year showed that there was no correlation between an increase in immigration and the recent dip in wages. While ... Read more...
28 September 2016
Must-Read: Anna Valero and John Van Reenen: 'The Economic Impact of Universities: Evidence from Across the Globe' This article was published online by the Washington Center for Equitable Growth on September 22, 2016 Li... Read more...
22 September 2016
A paper by Nicholas Bloom and others, from Stanford University, finds that well-managed firms perform better than their peers and make a greater contribution to a nation's total-factor productivity. ... Bloom and colleag... Read more...
18 September 2016
Article by Anna Valero In 1900, just 1% of young people in the world were enrolled at university. Over the course of the next century this exploded to 20%, as recognition of the value of such an education became widespr... Read more...
15 September 2016
See this study by Joao Paulo Pessoa and John Van Reenen. This article was published online by the Bloomberg Gadfly blog on September 2, 2016 Link to article here Related Publications Decoupling of Wage Growth and... Read more...
02 September 2016
A recent research paper by Anna Valero and John Van Reenen of the LSE takes a statistical look at universities around the world, asking whether they seem to boost their regional economies. (Examples of a ''region'' inclu... Read more...
31 August 2016
''We estimate fixed effects models at the sub-national level between 1950 and 2010 and find that increases in the number of universities are positively associated with future growth of GDP per capita (and this relationsh... Read more...
23 August 2016
Most of the work on the value of college has focused on whether the return is worth the student's considerable investment. (Thus far, the yeas still have it.) But more and more research lately has asked whether colleges ... Read more...
19 August 2016
Britain's statistics office has recruited a group of economic heavyweights to boost its ability to crunch numbers on the health of the economy. ... Three economics professor have also been recruited to the working group... Read more...
18 August 2016
By Brian Bell, Associate Professor, Department of Economics, and John Van Reenen Director of the Centre for Economic Performance and Professor of Economics at the London School of Economics. Originally published at VoxEU... Read more...
08 August 2016
Three short paragraphs to explain the Brexit vote: The British people have suffered tremendously since the financial crisis. The real wages of the average person fell by about 10 per cent between 2007 and 2015. This... Read more...
04 August 2016
A new CFM survey discusses the implications of Brexit for the economics profession, write Wouter Den Haan, Ethan Ilzetzki, Martin Ellison and Michael McMahon Before the referendum, there was near unanimity in the profe... Read more...
03 August 2016
Professor Saul Estrin of the London School of Economics has shown, for example, that an increase in the level of employee participation in the running of an enterprise from zero to full participation increases output by ... Read more...
02 August 2016
John Van Reenen was disappointed but not surprised by the UK's vote to Leave the EU. Whilst his own research predicts serious economic and political damage in the case of Brexit, he thought a Leave vote was a real possib... Read more...
What is contraction that leads to uncertainty, or the opposite? Last year, as part of a working paper, the economists Scott R. Baker, Nicholas Bloom and Steven J. Davis built a rate of economic uncertainty (UPR, Economi... Read more...
29 July 2016
The dominant narrative suggests it was a 'howl of pain' about immigration, stagnant wages and an out-of-control housing market - but figures suggest that's not really true Statistical work by the labour economists Brian... Read more...
17 July 2016
... University and the London-based Centre for Economic Performance. ''Health insurance coverage and ... This article was published by Dubuque Telegraph Herald (USA) on July 13, 2016 Link to article here [Subscrip... Read more...
13 July 2016
For example, I have obtained an internal Scottish Enterprise document circulated last week among senior managers declaring the consequences of Brexit for the Scottish manufacturing sector ''to be overwhelmingly negative'... Read more...
09 July 2016
The Society's Annual Conference was held at the University of Sussex, 21-23 March. This report was prepared by Ferdinando Giugliano, focusing on four fields of economic research: development economics; political economy;... Read more...
01 July 2016
John Van Reenen, head of the Centre for Economic Performance at the London School of Economics, said that Britain's Brexit decision will have both short-term and long-term consequences. ''There is a lot of uncertainty ab... Read more...
First views on the global economic impact of such episode refer to one (even minor) world growth rate. Thus for example claimed John Van Reenen of the London School of Economics, who said the effect ''disincentive'' to i... Read more...
24 June 2016
The world map has been redrawn with the rules of commerce across Europe, the largest marketplace on earth. Britain's vote on Thursday to leave the European Union has set in motion an unprecedented and unpredictable proce... Read more...
And while some experts argue that FDI is high in the UK due to a favourable business environment, others, such as the Centre for Economic Performance at the London School of Economics, suggest that ''being fully in the s... Read more...
22 June 2016
The Institute for Fiscal Studies, the National Institute of Economic and Social Research and the Centre for Economic Performance have all predicted lower real wages in the event of Brexit, higher prices for goods and ser... Read more...
In a dramatic escalation of Tory infighting earlier, Mr Cameron told Sky News: 'To hear the Leave campaign today sort of comparing independent experts and economists to Nazi sympathisers - I think they have rather lost ... Read more...
The Center for Economic Performance at the London School of Economics finds that EU immigrants to Britain are better educated and more likely to ... This article was published online by The Wall Street Journal on Ju... Read more...
The economic impacts of Britain leaving the EU With the referendum fast approaching, Thomas Sampson analyses the economic consequences should Britain vote to leave the European Union. Proponents of Brexit, as leaving ... Read more...
21 June 2016
Today Morning Trade talks Brexit and the future of U.K. trade policy with Swati Dhingra, a lecturer in economics at the London School of Economics and a member of the trade research program of the Institutions's Center f... Read more...
We are economists who care about Britain and its future. We feel compelled to speak out on the risks of Leaving and opportunities from Remaining in the EU. If Britain votes to Leave we believe that: • A recessio... Read more...
Things to read about Brexit Below is a selection of informative things to read about Brexit that can help you decide. Please suggest your own in comments, but you cannot post links there. You can send links to editor... Read more...
16 June 2016
Numbers are being thrown around by the Vote Leave and Vote Remain campaigns like they're going out of fashion - but what do the experts say and can we trust them? Six out of seven reports predict a Brexit will hurt us ... Read more...
06 June 2016
Economists for Brexit group claims that downturn would be avoided if Britain removed all trade barriers after leaving EU Economists campaigning for Britain to leave the European Union have accused the Treasury and inter... Read more...
02 June 2016
Economics experts have blasted key assumptions underpinning the Brexit campaign's financial arguments in favour of leaving the EU. The report by the London School of Economics and Political Science's Centre for Econ... Read more...
01 June 2016
Article by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen The possibility of the UK leaving the European Union (EU) has generated an unusual degree of consensus among economists. Acr... Read more...
30 May 2016
Responding to Hilton’s article, Javid said: “Steve is entitled to his view … the central issue here is that economically, we are far better off being part of this single market … Now you have the Bank of England, the IMF... Read more...
23 May 2016
According to Dennis Novy, Associate Professor of Economics at the University of Warwick: ''TTIP has the potential to benefit millions of consumers. It goes far beyond an economic project. Its current timetable seems ambi... Read more...
20 May 2016
The most recent research from the centre for economic performance at the London School of Economics says ''the areas of the UK with large increases in EU immigration did not suffer greater falls in the jobs and pay of UK... Read more...
The UK will soon vote on whether to end its 43-year membership in the European Union. Opinion polls suggest the vote is too close to call, with the ''stay'' and ''leave'' side switching leads on a regular basis, and this... Read more...
19 May 2016
However, if there is one thing we as investors don’t like, it is economic uncertainty. As several important bodies have said — the International Monetary Fund, Bank of England, London School of Economics, the Treasury an... Read more...
18 May 2016
The London School of Economics' Centre for Economic Performance calculates the long-term costs to Britain of lower trade with the EU could be as high as 9.5 per cent of GDP, while the fall in foreign investment could cos... Read more...
17 May 2016
With so many heavyweights, from Barack Obama to Mark Carney, saying that we will be worse off with Brexit, why are the polls still neck and neck? There seem to me two reasonable explanations: that the tabloid media have ... Read more...
16 May 2016
Article by Cletus C. Coughlin and Dennis Novy Borders impede trade, and a major objective of research in international trade has been to identify by how much. This column argues that bilateral trade data can give a misl... Read more...
08 May 2016
The frustrating thing is that politicians seem quite happy to ignore evidence - even when they have helped to support the researchers who produced it. For example, when the chancellor George Osborne announced in his bud... Read more...
16 April 2016
14 April 2016
A new RISE working paper, describing the development of an expanded survey tool, presents research findings that could be used to help systematically measure management practices in schools in developing countries, and p... Read more...
05 April 2016
The Centre for Economic Performance estimates that Brexit would reduce UK gross domestic product (GDP) by up to 3.1%. However, this doesn't factor in losses associated with lower foreign direct investment (FDI), fewer sk... Read more...
26 March 2016
What impact do universities have on a country's economy? Outlining the results of a study of universities across 78 countries, Anna Valero and John Van Reenen find that doubling the number of universities in a region inc... Read more...
25 March 2016
Expansion of higher education systems around the world is likely to continue, according to a study that found a strong correlation between opening universities and significantly increased economic growth. An analysis... Read more...
23 March 2016
If the UK added 1 university to each region, national income would grow 0.7%, write Anna Valaero and John Van Reenen. This article was published by the LSE Business Review blog on March 23, 2016 Link to article here ... Read more...
The CBI also said savings from reduced contributions to the EU's budget and regulation would be greatly outweighed by the negative impact on trade and investment. Last week a report by the Centre for Economic Performance... Read more...
21 March 2016
John Van Reenen, Director of the Centre for Economic Performance, gives his reaction to the 2016 Budget. The austerity approach continues, despite it having little economic sense. Fuel duty is frozen as a sweetener to hi... Read more...
16 March 2016
Although the report also raised as an option Britain signing onto the North American Free Trade Agreement, report co-author Swati Dhingra said she does not envisage that happening. Even if it did, Dhingra said, it would ... Read more...
14 March 2016
John Van Reenen discusses why wages aren't growing. The interview was broadcast by BBC Radio 4 News on March 13, 2016 Link to interview here Also ran on BBC World Service Linda Yueh interview John Van Reenen discus... Read more...
13 March 2016
''In the last seven to eight years, wage growth has been very disappointing in the world,'' says John Van Reenen, director of the Center for Economic Performance of the London School of Economics (LSE). This article was... Read more...
12 March 2016
John Van Reenen is director of the Centre for Economic Performance at the London School of Economics. ''Over the last seven or eight years, wage growth has been very disappointing all over the world. After the Second Wo... Read more...
09 March 2016
John Van Reenen discusses a decade of weak wage growth worldwide and its consequences This interview was broadcast by BBC World News on March 8, 2016 Link to interview here Also on WUWM-FM , WUNC-FM, WBFO-FM, NPR/Na... Read more...
08 March 2016
Article by Swati Dhingra and Thomas Sampson In June, UK voters will decide whether to remain part of the EU. This column explores the UK's options if a majority votes in favour of Brexit. One possibility is for the UK, ... Read more...
04 March 2016
Article by Guy Michaels Over the last 30 years, floods have killed more than 500,000 people globally, and displaced about 650m more. In a recent paper published by the Centre for Economic Performance, we examined why so... Read more...
01 March 2016
Latest State of Working Britain blog by Jonathan Wadsworth The central message is that it would be wrong to conclude from analysis of the net change in employment that migrants take all new jobs. Rather the net change i... Read more...
09 February 2016
The opportunity to automjate UK workplaces does not necessarily mean huge unemployment and lower pay as machines take over. The claims came in presentations ahead of the Automatica Robotics Trade Show, and aimed to highl... Read more...
08 February 2016
[David] Blanchflower and [Stephen] Machin argue labour market must tighten further before pay growth picks up, something Bank of England consistently fails to acknowledge. This article was published by The Guardian on F... Read more...
02 February 2016
Article by Jonathan Wadsworth Some commentators have suggested that the latest upswing has been characterised by a greater share of low skilled jobs in the recovery compared to previous upturns. If so then we can all bl... Read more...
Dr Thomas Sampson from the Centre for Economic Performance says the EU accounts for about half of all UK trade. This interview was broadcast by Sky News Tonight on January 25, 2016 Link to interview here Related pub... Read more...
25 January 2016
There is an overall increase in new companies for a range of reasons. One reason has certainly been the economic downturn, which has resulted in people having difficulty find a job and turning to entrepreneurship, accord... Read more...
21 January 2016
Professor Paul Cheshire accused the tycoon of hugely exaggerating the size and benefits of his stake in Scotland and said promises made by him were falling apart at the seams. This article was published by the Mail on ... Read more...
10 January 2016
The Treasury's top civil servant, Sir Nicholas Macpherson, is set to stand down in April, having led the Government department for over a decade. George Osborne, the Chancellor, said he would ''miss'' Sir Nicholas, 56,... Read more...
04 January 2016
Chancellor George Osborne will struggle to impose further spending cuts over the next five years, most economists believe. Question: Fiscal policy: Please explain which of the below statements is closest to your views.... Read more...
03 January 2016
Four out of five economists in the Financial Times survey see another good year of UK growth, keeping Britain near the top of the international table for advanced economies, a position it has enjoyed since the start of 2... Read more...
The size of the current account deficit and the UK's reliance on household consumption are among the main worries for Britain's leading economists. John van Reenen, Director, Centre for Economic Performance: First... Read more...
The biggest issue for 2016...is the same as it was for 2015: the possibility of Brexit Section by John Van Reenen Being part of the world's largest economic trading block benefits the UK through more trade and foreign ... Read more...
31 December 2015
The World Bank Group launched the Competitive Cities report [1] on December 10 - ''Competitive Cities for Jobs and Growth: What, Who and How,'' which represents almost two years of research and analysis to put together a... Read more...
18 December 2015
There is much in the Ciudadanos programme, drawn up by Luis Garicano, a London School of Economics professor, to appeal to investors. This article was published in The Times on December 17, 2015 Link to article http:/... Read more...
17 December 2015
We said in reporting official Labour Market Statistics that ''Three in four new jobs go to migrants from EU countries'' (News, Nov 12). This was wrong. The Office for National Statistics has stated that its estimates of ... Read more...
10 December 2015
Article by Linda Yueh My own research with John Van Reenen has shown that GDP growth would be lower by between 0.43 to 1% per year if not for joint ventures that allowed for transfers of knowledge and technology, as opp... Read more...
09 December 2015
Earlier this year in a blog entitled ''Robots are infiltrating the growth statistics,'' the Brookings Institution commented on jointly conducted new research from Uppsala University and the London School of Economics, wh... Read more...
Article by Lee Elliot Major and Stephen Machin Private tutoring is booming and elite universities remain preserve of middle classes; something must change, say Lee Elliot Major and Stephen Machin Social mobility is t... Read more...
John Van Reenen, Director of the Centre for Economic Performance at the London School of Economics, discusses today's UK manufacturing. This interview was broadcast by Share Radio on December 8, 2015 Link to interview ... Read more...
08 December 2015
Analysts already point to Ciudadanos as the likely kingmaker after the December 20 election. The party is expected to command a parliamentary group so large that it would be impossible for others to rule without it. Ciud... Read more...
On video: Vince Cable, Diane Coyle, Bronwyn Curtis and Anna Leach, with John Van Reenen and Robin Mansell LSE Business Review's official launch event took place on 2 December. A panel of top UK economists discussed How ... Read more...
07 December 2015
The Economist quoted a study by John Van Reenen, director of the Centre for Economic Performance at the London School of Economics, which conducted 14,000 interviews and discovered that UK employees score their bosses le... Read more...
04 December 2015
Chancellor George Osborne survived the Bush Tucker trial that was Wednesday's spending review. ... Professor John Van Reenen, director of the Centre for Economic Performance, said: ''The sexy centrefold was a naked rever... Read more...
28 November 2015
Money should follow patients and they need information and choice, write Nicholas Bloom and John Van Reenen In work with Carol Propper and Stephan Seiler, we evaluate whether competition improves hospital quality, in pa... Read more...
25 November 2015
Richard Layard profiled: ''Richard Layard, who believes the basic purpose of economics is the maximization of happiness and well-being'' A day after sharing a stage with the Dalai Lama, London School of Economics (LSE)... Read more...
Dennis Novy interviewed about the upcoming negotiations of Prime Minister David Cameron over Britain's EU membership and in particular their implications for international trade. The interview was broadcast by BBC Radio... Read more...
09 November 2015
John Van Reenen interviewed about the economics of management, productivity, and information technology. This interview was broadcast by Economic Frontiers on November 9, 2015 Link to article here Related Publicati... Read more...
Passing mention of LSE work on infrastructure. Broadcast by BBC Radio Foyle on November 8, 2015 Link to broadcast here Also on: BBC Radio Ulster Link to broadcast here Related links John Van Reenen webpage Gr... Read more...
08 November 2015
Other members will include ... a former member of the LSE's Growth Commission and a former chief adviser to the Great London Authority. This article was published online by RTM - Rail Technology Magazine on October 30... Read more...
30 October 2015
Hoboken, NJ - John Wiley and Sons, Inc., and the British Academy are pleased to announce the winners of the 2015 Wiley Prize in Economics and the Wiley Prize in Psychology The annual Wiley Prize in Economics, made in p... Read more...
29 October 2015
Liberal Ciudadanos defends the idea of a single contract to end a two-tier labour market, with ''a core of the temporary workers, much less protected and highly protected workers even as the United States'', said economi... Read more...
22 October 2015
Four ideas to improve Britain's bad record on big building projects UK government's plans for increased infrastructure spending and Centre for Economic Performance's recommendations. The article was published online by... Read more...
08 October 2015
The UK government's new Infrastructure Commission, unveiled at the Conservative Party Conference today (Monday 5 October), was one of the key recommendations of the LSE Growth Commission, which reported in the autumn of ... Read more...
05 October 2015
Henry Overman interviewed by Philip Salter It's easy to make policy, but it's hard to make the right ones. These are the sorts of questions the excellent What Works Centre for Local Economic Growth looks at. It recently... Read more...
25 September 2015
Richard Layard, emeritus Professor of economics at the LSE interviewed on action for happiness campaign for increased happiness and kindness in the UK. The interview was broadcast by BBC World Service on September 21, 2... Read more...
21 September 2015
In the afternoon, an enthusiastic and friendly audience of more than 2000 awaited His Holiness's arrival at the Lyceum theatre. He was met at the stage door by his old friend Lord Richard Layard, who with Director of Act... Read more...
Primary colours But, when it comes to the truth, Sala i Martin has refused to discuss publicly with Luis Garicano, another heavyweight, Professor at the London School of Economics. The worst has been disappointing argum... Read more...
In the 70's, the New Yorker Richard Easterlin Economist concluded that, once past a certain level of income in the richest nations, happiness not increased as a result of higher revenues. Today we know for scientific res... Read more...
16 September 2015
The Coordinator of the economic program and citizens Social (C's), Luis Garicano, has invited the Economist Xavier Sala-i-Martin, favourable to the independence of Catalonia, to discuss the economic implications of that ... Read more...
Joan Costa Font interviewed regarding the push for Catalan independence in Spain. The interview was broadcast by Al Jazeera International on September 12, 2015 [No link available.] Related links Joan Costa Font webpa... Read more...
12 September 2015
...Produktivitat und dadurch zu mehr Wachstum'', sagt etwa Gabriel Ahlfeldt, Associate Professor an der London School of Economics (LSE). ''Urbanisation leads to higher productivity and therefore to more growth,'' says ... Read more...
04 September 2015
... Tambien lo estudio el historiador Albrecht Ritschl, de la London School of Economices (LSE). En medio de la Guerra Fria, los... Germany suffers from amnesia Also studied it the historian Albrecht Ritschl, of the Lo... Read more...
03 September 2015
Leading economists have warned that Jeremy Corbyn's economic policies are 'likely to be highly damaging' and renationalising industry could actually 'make things worse'. In the new letter to the Financial Times, the aut... Read more...
Centre for Economic Performance's Director, Professor John Van Reenen among economists signing a letter critical of Labour Party leader candidate, Jeremy Corbyn's economic plans. The letter was published by The Financia... Read more...
Uppsala University's Georg Graetz and Guy Michaels from the London School of Economics looked at productivity and employment in a variety of countries between 1993 and 2007 to see if the trepidation about the increased u... Read more...
01 September 2015
Solidarity Economy: Conversations with the Dalai Lama about altruism, development and compassion The Mind and Life Institute was born in 1987 ... the Professor Emeritus of Economics at the London School of Economics, Lo... Read more...
28 August 2015
Article by John Van Reenen Voting for Jeremy Corbyn as leader is a gut reaction to Labour's electoral defeat. Corbyn does point to some real economic problems facing Britain but his policies are based largely on the kin... Read more...
17 August 2015
Article by Dennis Novy Alexis Tsipras will be able to survive, for one simple reason: there’s no better alternative. The Greeks don’t want to leave the Eurozone. The last months have shown that the government's prev... Read more...
[Gabriel] Ahlfeldt, an Associate Professor of Urban Economics and Land Development at the London School of Economics and Political Science, says as long as outward growth is prevented by policies such as the 'green belt'... Read more...
10 August 2015
... Top economists echoed the TUC's concerns yesterday ... Growth in recent years has been ''anaemic'', according to University College London's Professor Stephen Machin, and research director at the Centre for Economic ... Read more...
01 August 2015
John Van Reenen interviewed on the UK budget. This interview was broadcast by China Central TV Europe (CCTV) on July 9, 2015 Link to broadcast here [Interview with Prof Van Reenen starts around 02.30] Related publicat... Read more...
09 July 2015
Albrecht Ritschl is interviewed on market crashes and China. The interview was broadcast by CNN International Europe - The Business View News on July 9, 2015 [No link available] Related publications 'Reparations, Def... Read more...
... creditors, in exchange for pro-market reforms'', said Professor Albrecht Ritschl of the London School of Economics. West Germany was able to borrow on international markets again, and, free ... This article was publ... Read more...
Article by Anna Valero In the 2015 summer budget, George Osborne at last identified the UK's productivity performance as an important issue that needs to be tackled. Here, Anna Valero reviews some of the measures ahea... Read more...
Article by John Van Reenen The most eye-catching announcement in today's budget was the National Living Wage. Now, this might be nothing more than a big hike in the minimum wage, but such increases can be beneficial. ... Read more...
Article by John Van Reenen Yesterday, George Osborne delivered the new government's first budget in which he surprised many by hiking the minimum wage significantly. John Van Reenen reviews the measures introduced, wr... Read more...
Ralf Martin, Mirabelle Muuls, Laure B. De Preux and Ulrich J. Wagner have received the 2015 Erik Kempe Award for their paper 'Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading... Read more...
29 June 2015
For the first question, the argument for lowering the rate is that a higher rate makes people behave in such a way that there is less income to be taxed in the first place. So a higher rate may not bring in much more mon... Read more...
25 June 2015
A paper by Uppsala University and the London School of Economics in February revealed that industrial robots do increase labor productivity and raise a country's average growth rate by 0.37 percentage points. The ar... Read more...
23 June 2015
See: Comment by georgep76 3dago - below the cartoon Germany has been described as the biggest ''debt transgressor'' of the 20th Century, with restructurings in 1924, 1929, 1932 and 1953. Total debt forgiveness for Germ... Read more...
21 June 2015
The study 'Robots at Work' (Robots at work), published in February 2015 analyzes the impact of the growing automation in the economic development of 17 countries. Its authors Georg Graetz of the University of Uppsala and... Read more...
A look back: national bankruptcies are not so rare The economic historian Albrecht Ritschl called Germany the most wayward of the 20th century: ''The Federal Republic owes your today's financial stability and its status... Read more...
18 June 2015
Letter from Ha-Joon Chang, Thomas Piketty, David Blanchflower and others Emeritus professor of Economics, Cambridge University Prof Hugh Willmott, CASS Business School Prof Steve Keen, Professor of Economics, Kingston U... Read more...
12 June 2015
Citizens violate their economic program in the Andalusian pact No sign of economist [Luis] Garicano's proposals to simplify administration. Queues at a theater to hear an economic program of a party was an unprecedente... Read more...
11 June 2015
Article by Keyu Jin Chinese Prime Minister Li Keqiang recently cited job creation as vital to his country's ''ultimate goal of stability in growth''. His observation could not be more accurate. In fact, one of the mos... Read more...
04 June 2015
However, Keyu Jin of the London School of Economics now says the Chinese economy is not creating enough jobs. This article was published by The Epoch Times on June 3, 2015 Link to article here Related links Keyu J... Read more...
03 June 2015
''The challenge is as big as putting a man on the moon,'' says Richard Layard of the London School of Economics, one of the founders of the programme along with other prominent scientists, economists and industrialists. ... Read more...
A number of Britain's leading experts in the field of climate research are focused on achieving the goal of solving the world's most pressing problem: the continued global temperature rise. This article was published on... Read more...
Marco Manacorda filmed giving a talk at the Festival of Economics on Trento. There is abundant anecdotal evidence but poor empirical evidence of the benefits enjoyed by the relatives of politicians in the labor market. ... Read more...
02 June 2015
Lord Richard Layard, an economist at the London School of Economics and member of the Apollo group, said it was barely believable that the world only spent 2% of its R&D money on its ''most pressing problem'' of clim... Read more...
Earning more money, bagging the fabulous job you have always wanted, or travelling the world might seem like keys to happiness. But, according to ''happiness expert'' Paul Dolan, making simple changes is the key to bring... Read more...
01 June 2015
More money, the job of your life may seem like the keys to a happier life. However it is no less true that happiness is, according to Professor Paul Dolan. Just small changes that bring joy and give meaning to life can... Read more...
31 May 2015
According to happiness expert Prof Paul Dolan, making simple changes are the key to creating joy. Prof Dolan, of the London School of Economics, has claimed a work promotion may bring more stress, travelling can be lonel... Read more...
WHEN Margaret Thatcher came to power in 1979 she set about bulldozing the trade unions, which had frequently brought Britain grinding to a standstill in the 1970s. On May 27th David Cameron indicated that his Conservativ... Read more...
30 May 2015
Growth, trade, immigration, jobs, diplomacy: what would the impact be if a 2017 referendum pushed UK towards the exit? ...Another analysis by economists at the Centre for Economic Performance (CEP), part of the London Sc... Read more...
14 May 2015
Anna Sivropoulos-Valero interviewed, on productivity. The interview was broadcast live on BBC Radio 5 on May 13, 2015 Related publications Productivity and Business Policies, Isabelle Roland and Anna Valero, CEP... Read more...
13 May 2015
Most economies across the globe have a low, or even shrinking, share of manufacturing jobs. At the same, such firms are increasingly embracing the use of robots in the workplace. Brookings Institute researchers use two ... Read more...
30 April 2015
There's no relationship visible in the numbers between the change in factory employment and robot use, says Mark Muro, senior fellow at the Brookings Institution. In a blog post, he and Brookings colleague Scott Andes to... Read more...
The Conversation is fact checking political statements in the lead-up to the May UK general election. Statements are checked by an academic with expertise in the area. A second academic expert reviews an anonymous copy o... Read more...
28 April 2015
'Robots at Work' - Centre for Economic Performance Discussion Paper No.1335 by Georg Graetz and Guy Michaels posted on the 'Must-Must-Read' blog. The DP was posted on the Washington Center for Equitable Growth's 'To... Read more...
27 April 2015
Both labour and its opponents make too much of a new policy Labour made two housing policy commitments over the weekend, only one of which was interesting. The uninteresting one was the promise to cut stamp duty for fir... Read more...
Theories abound over the causes of the UK's slump in productivity since the financial crisis; Some economists, including John Van Reenen at the Centre for Economic Performance, believe the productivity puzzle is a co... Read more...
19 April 2015
Article by Ian Preston, Andrew Street, Claudia Hupkau, David Chivers, Peter Beresford and Simon Burgess The Conversation's Manifesto Check, where academics subject each party's election manifesto to unbiased, expert scr... Read more...
17 April 2015
Article by Maria Goddard, Anand Menon, Christine Merrell, Claudia Hupkau, Hilary Steedman, Ian Preston, Jonathan Perraton and Steve Higgins Welcome to The Conversation's Manifesto Check, where academics subject each par... Read more...
13 April 2015
The possible spending plans of Labour and the Tories illustrate the fact that there are real choices to be made at the election, writes John Van Reenen. When viewed over the longer term, the state of the UK economy is n... Read more...
30 March 2015
El economista Luis Garicano, autor del programa economico del partido de Albert Rivera, opina que la inversion en la alta velocidad de Galicia es un ''derroche keynesiano'' que debe paralizarse Economist Luis Garicano... Read more...
Then there is the vital question of productivity. As Professor John van Reenen from the LSE observes, ''What the Chancellor didn't mention is that UK GDP per person is 16 per cent lower than we would have expected on pr... Read more...
27 March 2015
Since the global financial crisis, workers' real wages and family living standards in the UK have suffered to an extent unprecedented in modern history. The one group in society for whom living standards have risen since... Read more...
26 March 2015
The big squeeze in UK living standards after the 2008 crash has been driven by a historically large squeeze in real wages (wages taking into account inflation). This was all set out in a new report from the Centre for Ec... Read more...
Article by John Van Reenen Public service spending is in for a rollercoaster ride. The implication of the Autumn Statement was that public service spending would be cut to levels not seen since 1948. Now they will be 36... Read more...
19 March 2015
New research from a group of economists at Harvard, the Treasury Department, and the London School of Economics provides a particularly vivid illustration of how disadvantage can harm the economy at large. The researcher... Read more...
16 March 2015
Iglesias's left-wing economic proposals have put business leaders on guard, while Rivera's economic programme, drawn up by Luis Garicano of the London School of Economics, has been better received by the business world. ... Read more...
11 March 2015
Article by Professor John Van Reenen, Director of the Centre for Economic Performance All elections since 1992 have been followed by net tax increases of around £5 billion in today's money. It is therefore incumbe... Read more...
Discover the Government to catapult the economy and the stock market in Spain In a double election year in Spain, what is the best option to boost economic growth and improve our living conditions? ... We also believe... Read more...
10 March 2015
Spain prepares for bipartisanship in a crowded election year His economic program, developed by a professor at the London School of Economics, Luis Garicano, reassures companies. It also has support from the media. ... Read more...
Immigration and security minister James Brokenshire responded ... ''Uncontrolled, mass immigration makes it difficult to maintain social cohesion, puts pressure on public services and can force down wages.'' But even a m... Read more...
03 March 2015
Spain: an array of new players signals yearning for change. ... A new recruit whose academic credentials will impress some voters: Luis Garicano, a professor of ''economics and strategy'' at the London School of Economi... Read more...
28 February 2015
A new report from the Centre for Economic Performance (CEP) shows that there is no evidence of a negative impact of immigration on jobs, wages, housing or the crowding out of public services. The author, Professor Jonath... Read more...
27 February 2015
Q: How do you calculate reparations for something as catastrophic as WWII? A: Were Germany to pay reparations for the whole of the destruction it caused during the war - the Nazis were estimated to have been responsib... Read more...
10 February 2015
Albrecht Ritschl interviewed, discussing Greece's claim that it helped Germany financially after the Second World War and the political motivations behind it. The interview was broadcast on the BBC World Service Globa... Read more...
09 February 2015
According to the new Greek government, Germany has an enormous unpaid account in Greece. The Germans never paid anything for the murdering and plundering in the Second World War. The 'Zwangsanleihe', an extorted loan of ... Read more...
Citizens will present on Feb. 17 in Madrid the first axis of its economic program in a ceremony that will feature the leader of the formation, Albert Rivera, and Economist Luis Garicano, 'signed' to implement economic me... Read more...
08 February 2015
Greek officials are seeking support for a new debt agreement. ... The Germans are conveniently ignoring is their own record as one of history's biggest deadbeats. In the 1920s, according to a prominent German economic hi... Read more...
''Germany's resurgence has only been possible through waiving extensive debt payments and stopping reparations to its World War II victims'', economic historian Albrecht Ritschl told Der Spiegel in 2011, describing Germa... Read more...
30 January 2015
Der Mindestlohn in GroÐ’britannien Alan Manning interviewed and Centre for Economic Performance (CEP) research on the minimum wage mentioned in an issue produced by the German government about the introduction of the mi... Read more...
29 January 2015
Dr Dennis Novy talking about Europe's economy if Syriza win the Greek election. The interview was broadcast by Sky News on January 28, 2015 Link to broadcast here Related links Dennis Novy webpage Globalisatio... Read more...
28 January 2015
Stephen Machin, professor of Economics at University College London, says, ''Creating jobs with decent pay as innovative technologies evolve is a challenge, given the UK's traditional difficulties in generating good jobs... Read more...
Economist Stephen Machin, a professor at University College London said: ''Creating jobs with decent pay as innovative technologies evolve is a challenge given the UK's traditional difficulties in generating good jobs fo... Read more...
20 January 2015
The middle-class share of the U.S. wealth pie roughly doubled between the Great Depression and the early 1980s. But since then, the middle-class share has shrunk back to its lowest level since 1947, according to a study ... Read more...
Nobel winner, Professor Chris Pissarides from London School of Economics, was unconcerned about a fall in China's growth rate. ''The slowdown was bound to happen and the Chinese are prepared for it'', he said. This ... Read more...
The Center for American Progress has published a lengthy and ambitious report on how to achieve ''inclusive prosperity'' - a subject that is sure to play a prominent role in the [US] 2016 election. The report is the p... Read more...
15 January 2015
New report from Inclusive Prosperity Commission, transatlantic group convened by the Center for American Progress, will present policy proposals to promote broadly shared prosperity throughout the United States Washingt... Read more...
Britain's recovery is secure and will continue at a good pace in 2015 even if growth is likely to be a bit weaker than last year, economists said in one of their most optimistic assessments since the financial crisis. ... Read more...
01 January 2015
Barbara Petrongolo will take over from Joseph Zweimuller as Director of the Labour Economics Programme from 1 August 2015. Barbara is Professor of Economics at Queen Mary University and Research Associate at the Centre... Read more...
11 November 2014
CEP Director, John Van Reenen, joins other City Growth Commissioners in launch of Final report, Unleashing Metro Growth. Commission Chair Jim O'Neill presents findings at 11am, Wednesday 22 October, 2014. Unleashing Gr... Read more...
22 October 2014
When the Berlin Wall went up in 1961, it created what London School of Economics associate professor Daniel Sturm calls a ''perfect experiment''. While people in West Germany voted in free elections, read independent new... Read more...
12 October 2014
Veronica Rappoport of the Centre for Economic Performance comments on her choice to be recipient(s) of this year's Nobel Prize for Economics: ''At some point should touch the area of economic growth: Romer, Aghion and... Read more...
10 October 2014
In a letter to the Financial Times, academics from Scotland and England warn that separation is a gamble with very poor odds. Professor John Van Reenen, Director of the Centre for Economic Performance; Professor Mike El... Read more...
17 September 2014
Draghi: an offer you should not refuse Article by Luis Garicano The Spanish and European economic course opens with the bad news of growth in real GDP and prices in the euro area in the second quarter and the response ... Read more...
30 August 2014
Highams Park was not mentioned in material promoting business in Waltham Forest on the advice of London School of Economics (LSE) research, the council has said. There has been outcry after the area, long recognised as a... Read more...
20 July 2014
Letter page Sir, In his very timely commentary, Martin Wolf addressed the increasingly urgent issue of personal misery and its social impact caused by our failure to treat depression and crippling anxiety, now affectin... Read more...
18 July 2014
Article by Henry Overman Our latest evidence review on the economic impact of cultural and sport projects might make for uncomfortable reading for some local decision makers. We looked at these programmes' effects on wa... Read more...
16 July 2014
A new study adds some empirical firepower to the idea that poor patent laws are crushing innovation in the technology industry. Researchers from the London School of Economics studied citations from patents that were inv... Read more...
12 July 2014
Article by Tim Besley and John Van Reenen In 2013 the LSE Growth Commission published a report into future UK growth. The aim of the Commission was to identify institutions and policies that could generate more growth i... Read more...
10 July 2014
Low volatility doesn't cause markets to turn down; but it leaves them vulnerable to unexpected bad news. Nicholas Bloom, professor of finance at Stanford University puts it well: ''The fact that volatility is well below ... Read more...
08 July 2014
The Northern Futures project is a new approach to policymaking which means that rather than decisions being made by politicians and civil servants in Whitehall, the power is given to the people who live and work there. .... Read more...
04 July 2014
Henry Overman, a London School of Economics professor who authored the report, has continued to lobby for ''agglomeration'' of big northern cities. Prof Overman said recently that reducing travel time between Leeds and M... Read more...
23 June 2014
...errores Uno de los analistas economicos mas acreditados, el catedratico de la London School of Economics, Luis Garicano, autor de un certero diagnostico reciente sobre la coyuntura de este pais... Spain and the ri... Read more...
17 June 2014
Abgesehen davon gibt es generelle MaBnahmen, die sowohl den Einwanderern, als auch den Einheimischen selbst zugute kommen. Richard Layard wirbt beispielsweise für eine fortschrittliche Steuerpolitik, um die wirtschaftli... Read more...
16 June 2014
In a keynote paper to last week's Modelling World conference, Henry Overman said much greater discipline needed to be imposed on the claims made by policy-makers about transport investment's impact on the economy. ... Read more...
13 June 2014
Autism costs the US and UK economies $175bn (£104bn) and £32bn a year respectively, more than any other medical condition and greater than the cost of cancer, strokes and heart disease combined, according to ... Read more...
09 June 2014
The high prices reflect that people want to live in Australia, according to John Van Reenen, the director of the centre for economic performance at the London School of Economics. 'However, as the commodity boom and Chin... Read more...
12 May 2014
An online network aims to bring policymakers together with academics studying higher education, potentially stimulating new research on neglected areas such as the effectiveness of access spending. The ''Economics of Hig... Read more...
21 November 2013
These trends worry economists and a broad consensus is supportive of a focus on living standards rather than GDP. The London School of Economics growth commission this year, for example, stated that ''prosperity is stren... Read more...
09 November 2013
Article by John Van Reenen The proportion of UK-quoted shares owned by overseas investors passed the 50% mark for the first time last week. Predictably there was much wringing of hands about the decline of British busin... Read more...
30 September 2013
It should not be as difficult as we seem to make it. A working group at the London School of Economics pointed out a few months ago that growth is neither about the size of the state or about deregulation. It is about wh... Read more...
09 May 2013
In addition, my research with John Van Reenen of the London School of Economics shows that JVs (joint ventures) are 23% more productive on average than other firms. Those which had a technology transfer agreement that di... Read more...
01 May 2013
Today's British economy is the legacy of Margaret Thatcher. The governments that succeeded her did not change the broad lines of her policies. John Major privatised the railways. Labour lightly regulated the City of Lond... Read more...
11 April 2013
Article by John Van Reenen Margaret Thatcher's economic legacy lives on. This column provides a markedly balanced assessment of her mistakes and achievements. Most pressingly, Thatcherism left the UK failing to properly... Read more...
John Van Reenen analyses the economic legacy of Margaret Thatcher. In the late 1970s, when the UK was behind other developed nations in terms of material wellbeing, her supply side policies spurred economic revival. Ther... Read more...
10 April 2013
The consensus in 2000 of a team of American, British and Canadian scholars working under the auspices of America’s National Bureau of Economic Research, and Britain’s Centre for Economic Performance and its Institut... Read more...
09 April 2013
John Van Reenen, head of the Centre for Economic Performance at the London School of Economics, said: "The changes [under Thatcher] helped shift Britain from a century of relative decline to three decades where we c... Read more...
08 April 2013
Margaret Thatcher's demolition of the trade unions in the 1980s has helped to keep Britons in work through the latest financial crisis, leading economists suggested yesterday...Economists have been baffled by the conundr... Read more...
06 April 2013
The medium-term growth rate of the economy depends far more on leaving resources in the innovative and productive private sector economy than on boosting short-term demand. In the short term, some of this adjustment will... Read more...
22 February 2013
The London School of Economics Growth Commission, a panel of academics, former government officials and business leaders, has just published a report on how to improve Britain's economic performance. "Investing for ... Read more...
05 February 2013
...Act received Royal Assent, we have agreed terms for the Northern Line Extension and announced £10 billion of projects that prequalify for a guarantee. A report last week from the London School of Economics Growth Com... Read more...
04 February 2013
Mention of the Growth Commission Broadcast on BBC1 West Midlands on February 3, 2013 Also on BBC Radio 4 Newspaper Review Lord Stern joins the panel for the newspaper review and mentions the LSE Growth Commiss... Read more...
03 February 2013
The London Crossrail project has been around since the 1980s. A report by the London School of Economics Growth Commission this week tackles the infrastructure problem head on. The commission points out that the UK's adv... Read more...
02 February 2013
Two things are striking about yesterday's report of the LSE Growth Commission. The first is the very strong implication of its conclusions that the path to future prosperity is decidedly one involving, indeed demanding, ... Read more...
01 February 2013
Leading economists have stepped up their pressure on Chancellor George Osborne, slamming his austerity measures and calling for an urgent plan for growth. The London School of Economics Growth Commission also branded gov... Read more...
Skills, infrastructure and innovation are the essential drivers of the productivity growth on which the UK's future prosperity depends. So while there are understandable concerns about the currently flat-lining economy, ... Read more...
IT IS tempting to think Britain is well past its best. The first nation to industrialise, it once topped the tables of output per person. It is now a mid-table mediocrity on the edge of a triple-dip recession. But a prop... Read more...
On Thursday 31st of January 2013, the long-awaited LSE Growth Commission Report was published and launched in London. The document itself is available for download from this link and I urge all teachers and students inte... Read more...
31 January 2013
Leading economists have condemned Britains flatlining economy and issued an urgent call for growth, dealing another blow to Chancellor George Osborne's credibility. The experts are behind a ''manifesto for growth'' which... Read more...
Britain's economy will not prosper unless its 'mediocre' education system is overhauled, a hard-hitting report says today. Written by a Nobel Prize-winning economist as well as former members of the Bank of England, the ... Read more...
Article by Tim Besley and John Van Reenen The latest GDP figures confirm that the UK economy has been more or less flat-lining since the financial crisis began. This column presents the LSE Growth Commission's integrate... Read more...
The Government just talking about an EU referendum is damaging investment and productivity, influential economists warn. This article was published online by Sky News on January 31, 2013 Link to article here See... Read more...
Investment in education, infrastructure and innovation are the keys to Britain's recovery from recession and long-term growth over the coming 50 years, a report said today. The London School of Economics Growth Commissio... Read more...
Investment in education, infrastructure and innovation are the keys to Britain's recovery from recession and long-term growth over the coming 50 years, a report says. The London School of Economics Growth Commission urge... Read more...
Why do we spend so little time talking about what really matters? That's the question I once again asked myself, reading the final report of the London School of Economics' Growth Commission. This article was publi... Read more...
Politicians should track progress in repairing Britain's recession-scarred economy by measuring how the average household is faring instead of focusing on GDP alone, according to a report by a panel of heavyweight econom... Read more...
Professor John Van Reenen was interviewed about the LSE Growth Commission report. The interview was broadcast on Sky News on January 31, 2013 See also BBC Norfolk LSE Growth Commission report is mentioned. Rel... Read more...
An influentual group of academics and business leaders has called on the Government to create an independent infrastructure bank to mitigate the "political procrastination" that has deterred investors from maki... Read more...
Written by a Nobel Prize-winning economist as well as former members of the Bank of England, the report from the London School of Economics calls for radical change to get the UK growing again. This article was publishe... Read more...
The most pressing question of our time for politicians - and indeed for the public - is why Britain is finding it so hard to grow and what, if anything, can be done about it. Business Secretary Vince Cable gave his take ... Read more...
Britain urgently needs new institutions to ensure vital infrastructure projects are not derailed by political indecision if the country is to prosper in the future, the London School of Economics has demanded in a "... Read more...
Article by John Van Reenen and Richard Lambert The UK needs to provide investors with incentives, write John Van Reenen and Richard Lambert. Creating a successful economy requires sustained investment of three basic kin... Read more...
30 January 2013
In a blog, Jonathan Portes writes, NIESR has just published research estimating the economic impact of immediate versus delayed fiscal consolidation in the UK. The research was undertaken by Dawn Holland (NIESR), John Va... Read more...
03 August 2012
The LSE Growth Commission has been created to provide an authoritative input to a growth strategy for the United Kingdom. The commission will report within one year and along the way it will take evidence from leading... Read more...
20 January 2012
Professor John Van Reenen discusses the UK's prospects for economic growth, including the important role of company management and the potential of higher education as a key national industry. ... Read more...
05 May 2011