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Author: Danny Quah

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CentrePiece article
Ideas are Not Like Other Assets

Intellectual Property Rights (IPRs) are supposed to be a system to reward creative thinkers. But Danny Quah finds that all too often they fail both in theory and in practice. Here he explores other possibilities, particu...Read more...

Danny Quah

June 2004

CEP discussion paper
Digital Goods and the New Economy

Digital goods are bitstrings, sequences of 0s and 1s, which have economic value. They are distinguished from other goods by five characteristics: digital goods are nonrival, infinitely expansible, discrete, aspatial, and...Read more...

Danny Quah

March 2003

CEP discussion paper
One Third of the World's Growth and Inequality

This paper studies growth and inequality in China and India û two economies that account for a third of the world's population. By modelling growth and inequality as components in a joint stochastic process, the paper c...Read more...

Danny Quah

June 2002

CEP discussion paper
Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Many cultural products have the same nonrival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic: societies toler...Read more...

Danny Quah

June 2002

CEP discussion paper
Technology Dissemination and Economic Growth: Some Lessons for the New Economy

This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driv...Read more...

Danny Quah

March 2002

CEP discussion paper
Spatial Agglomeration Dynamics

This paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global geography. The same economic forces influence simulataneously growth, convergence, and spatial agglo...Read more...

Danny Quah

March 2002

CentrePiece article
The Weightless Economy: implications of high-tech revolution

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Danny Quah

February 2000

CEP discussion paper
UK Philips Curves and Monetary Policy

This paper documents some stylized facts on evolving UK Phillips curves, and shows how these differ from their US versions. We interpret UK Phillips curve dynamics in a positive theory of monetary policy û how policy-mak...Read more...

Andrew Haldane and Danny Quah

February 2000

CEP discussion paper
Cross Country Growth Comparison: Theory to Empirics

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth û both empiric...Read more...

Danny Quah

February 2000

CEP discussion paper
Internet Cluster Emergence

Internet development holds the promise of transmitting economic value across physical space at zero marginal cost. In such a 'weightless economy', what factors matter for the location of economic activity and thus for ...Read more...

Danny Quah

February 2000

CentrePiece article
The Weightless Economy: trade-offs on the Net

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Danny Quah

October 1999

CentrePiece article
The Weightless Economy: Information and Privacy

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Danny Quah

June 1999

CEP discussion paper
The Weightless Economy in Economic Development

Can the increasing significance of knowledge-products in national income - the growing weightless economy - influence economic development? Those technologies reduce 'distance' between consumers and knowledge productio...Read more...

Danny Quah

March 1999

CentrePiece article
The Weightless Economy: a look at intellectual property

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Danny Quah

February 1999

CentrePiece article
The Weightless Economy: what does it mean for jobs?

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Danny Quah

October 1998

CentrePiece article
The Weightless Economy: history points to it as the next logical stage in economic development

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Danny Quah

June 1998

CEP discussion paper
Technology in Growth

We review the role of R&D in endogenous growth theory, and describe extant empirical research macro and micro bearing on R&D as an engine of growth. Taking R&D to be key while recognizing the significance of economic inc...Read more...

Louise C. Keely and Danny Quah

May 1998

CEP discussion paper
The New Empirics of Economic Growth

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g. the well-known Kaldor stylized facts. The new research no ...Read more...

S Durlauf and Danny Quah

March 1998

CEP discussion paper
Regional Convergence from Local Isolated Actions: II Conditioning

This paper develops an empirical procedure to assess alternative explanations for differing patterns of growth and convergence. It finds that positive spatial spillovers account for a large part of inequality dynamics ac...Read more...

Danny Quah

December 1997

CEP discussion paper
Regional Convergence from LocalIsolated Actions: I Historical Outcomes

This paper documents the dynamics of growth and convergence across regions in the Cohesion countries, comparing them to patterns across countries in the world, regions in Europe and more broadly, and regions in non-Cohes...Read more...

Danny Quah

December 1997

CentrePiece article
The Weightless Economy: Europe in the Weightless Economy

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Danny Quah

October 1997

CentrePiece article
The Weightless Economy: the Impact of Weightlessness on the Global Economy

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Danny Quah

June 1997

CentrePiece article
The Weightless Economy Column: the Significance of Dematerialisation

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Danny Quah

February 1997

CEP discussion paper
Empirics for Growth and Distribution

This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical r...Read more...

Danny Quah

January 1997

CEP discussion paper
Convergence as Distribution Dynamics (with or without Growth)

Convergence concerns the poor catching up with the rich- if not instantaneously, then at least having a tendency to do so. When poor and rich refer here refer to entire economies then whether convergence occurs is tradit...Read more...

Danny Quah

November 1996

CentrePiece article
Growth and Dematerialisation

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Danny Quah

October 1996

CEP occasional paper
The Invisible Hand and the Weightless Economy

As modern economies grow, production and consumption shift towards economic value that reside in bits and bytes, and away from that embedded in atoms and molecules. This paper discusses the implications of such changes f...Read more...

Danny Quah

May 1996

CEP discussion paper
Convergence

Kelly (1992) has recently shown evidence on convergence cannot be taken as evidence against endogenous growth in general. This study uses a well-known class of stochastic growth models to show other difficulties with tra...Read more...

Danny Quah

March 1996

CEP discussion paper
Aggregate and Regional Disaggregate Fluctuations

This paper models fluctuations in regional disaggregates as a nonstationary, dynamically evolving distribution. Doing so enables study of the dynamics of aggregate fluctuations jointly with those of the rich cross-sectio...Read more...

Danny Quah

February 1996

CEP discussion paper
Regional Convergence Clusters Across Europe

Per capita incomes across European regions are not equal and do not stay constant; regional income distributions fluctuate over time. Such a process could have many possible limiting outcomes: complete equality (converge...Read more...

Costas Megir and Danny Quah

February 1996

CEP discussion paper
Twin Peaks: Growth and Convergence in Models of Distribution Dynamics

Convergence concerns poor economies catching up with rich ones. At issue is what happens to the cross sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter...Read more...

Danny Quah

January 1996

CEP discussion paper
Convergence Empirics across Economies with (Some) Capital Mobility

The paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) income distributions. This allows convenient study of the convergence hypothesis, ...Read more...

Danny Quah

August 1995

CEP discussion paper
Measuring Core Inflation

In this paper we argue that measured (RPI) inflation is conceptually mismatched with core inflation: the difference is more than just 'measurement error'. We propose a technique for measuring core inflation, based on an ...Read more...

Danny Quah, Danny Quah and Shaun P. Vahey

July 1995

CEP discussion paper
Empirics for Economic Growth and Convergence

The convergence hypotehsis has genreated a huge empriical literature: this paper critically reviews some of the earlier key findings, clarifies their implications, and relates thme to more recent results. Particular atte...Read more...

Danny Quah

July 1995

CEP occasional paper
Lessons from Economic Transformation and the Road Forward

This paper contains the text of a guest lecture delivered by Dr Gomulka to the Nordic Finance Committee at its meeting in Lillehammer, Norway on 21 January 1994. The paper looks at empirical evidence, both economic and p...Read more...

Stanislaw Gomulka and Danny Quah

May 1994

CEP discussion paper
A Dynamic Index Model for Large Cross Sections

This paper shows how standard methods can be used to formulate and estimate a dynamic index model for random fields - stochastic processes indexed by time and cross section where the time-series and cross section dimensi...Read more...

Danny Quah and Thomas J. Sargent

March 1993