Results

Blog

LSE Business Review:

New incentives for businesses to train their employees are needed for economic recovery from COVID-19

The need to retrain or upskill the workforce has become ever more urgent due to sharp changes in skills demand induced by the pandemic, write Jiaqi Li, Guglielmo Ventura and Anna Valero....Read more...

Blog

Institute for the Future of Work:

The impact of Covid-19 on technology adoption

Anna Valero and Professor John Van Reenen examine the evidence on technology adoption through the pandemic and what it means for the UK's future of work and productivity crisis. New evidence offers a basis for guarded te...Read more...

CEP Covid-19 analysis

Innovation for a strong and sustainable recovery

In the recovery from Covid-19, innovation and diffusion will be key to addressing several structural challenges facing the UK economy. These include improving the UK’s longstanding poor productivity performance, addressi...Read more...

CVER Research Paper

Trends in job-related training and policies for building future skills into the recovery

The trends outlined in this paper and the broader evidence suggest that new or enhanced policies to increase the quantity and quality of job-related training are required, particularly for younger workers or those with l...Read more...

CentrePiece article

Innovation in the time of Covid-19

Businesses have rapidly adopted new technologies and new ways of working in response to the massive disruptions caused by the pandemic. A CEP report by Capucine Riom and Anna Valero suggests that if such innovation conti...Read more...

CEP Covid-19 analysis

Jobs for a strong and sustainable recovery from Covid-19

The UK’s future economic, social and environmental prosperity will be shaped by how it deals with, and recovers from, the impact of Covid-19. This paper sets out coordinated net-zero-aligned investments which the UK can ...Read more...

Blog

LSE Business Review:

COVID has forced many firms to innovate, with possible lasting impacts

A survey reveals greater UK innovation rates than what we might have expected in the absence of a pandemic, write Capucine Riom and Anna Valero....Read more...

CEP Covid-19 analysis

The business response to Covid-19: the CEP-CBI survey on technology adoption

We present new data from a survey of 375 UK businesses conducted in July 2020 in partnership with the Confederation of British Industry (CBI), which seeks to understand the way in which firms have innovated in response t...Read more...

Submissions to parliamentary inquiries and government consultations

Post-pandemic economic growth: Industrial Strategy

In our inquiry into Post-pandemic economic growth: Industrial strategy we will look at the options available to Government to secure our economic recovery from the impact of the coronavirus pandemic. We will want to exa...Read more...

Blog

LSE Business Review:

Firms closer to universities tend to have better management practices

Management matters for explaining differentials in productivity between and within countries and sectors. Across countries, management practices – as measured in the World Management Survey (WMS) – explain on average aro...Read more...

CentrePiece article

Build back better: key areas for a post-pandemic recovery

Anna Valero and colleagues lay out an action plan for the UK policy response to Covid-19...Read more...

Blog

LSE Covid-19 blog:

An LSE action plan for a strong and sustainable recovery

What does ‘building back better’ actually mean? Nicholas Stern, Sam Unsworth, Anna Valero, Dimitri Zenghelis, James Rydge and Nick Robins (LSE) set out the actions the government needs to take to deliver a sustainable re...Read more...

CEP Covid-19 analysis

Strategy, investment and policy for a strong and sustainable recovery: an action plan

The UK and the world have suffered disruption and hardship from the COVID-19 pandemic on an immense scale. Together with the tragic consequences of the health crisis, there is now a real risk of protracted global depress...Read more...

Blog

LSE Business Review:

Building back better: policies for a strong and sustainable recovery

The Covid-19 crisis is already inflicting serious damage on both the UK and the global economy. This raises questions on the appropriate policies for a strong and sustainable recovery, contributing to global efforts to a...Read more...

Journal article

The Economic Journal:

Skill-biased management: evidence from manufacturing firms

This article investigates the link between management practices and workforce skills in manufacturing firms, exploiting geographical variation in the supply of human capital. Skills measures are constructed using newly c...Read more...

Blog

LSE British Politics and Policy:

Budget 2020: will it move the economy onto a sustainable and inclusive growth path?

The UK's challenges around productivity, regional disparities and the transition to net zero emissions are complex and interconnected, made even more so by the coronavirus outbreak and Brexit. Anna Valero argues that whi...Read more...

CEP report

Seizing sustainable growth opportunities from zero emission passenger vehicles in the UK

This is a Special report for the LSE Growth Commission, produced with the Centre for Economic Performance, that provides a set of actionable recommendations to the UK government to drive sustainable growth in the context...Read more...

CEP election analysis

The UK economy: policies for investment and productivity growth

Since the global financial crisis, the UK has been grappling with persistent poor productivity performance. While a number of factors have been at play, reduced investment due to austerity harmed growth in the early year...Read more...

CentrePiece article

Business benefits of local universities: more skills and better management

Universities are widely seen as a source of strength for local economies. Research by Andy Feng and Anna Valero confirms their potential contribution to business: firms closer to universities tend to hire better managers...Read more...

Submissions to parliamentary inquiries and government consultations

Decarbonisation of the UK Economy and Green Finance inquiry

The Treasury Committee has re-launched an inquiry into the decarbonisation of the UK economy and green finance. This inquiry will scrutinise the role of HM Treasury, regulators and financial services firms in supporting ...Read more...

CentrePiece article

Sustainable growth in the UK

Anna Valero and colleagues urge the UK government to put action on climate change and sustainability at the heart of its growth strategy....Read more...

Journal article

Economics of Education Review:

The Economic Impact of Universities: Evidence from Across the Globe

We develop a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century. We estimate fixed effects models at t...Read more...

CEP discussion paper

Skill biased management: evidence from manufacturing firms

This paper investigates the link between management practices and workforce skills in manufacturing firms, exploiting geographical variation in the supply of human capital. Skills measures are constructed using newly com...Read more...

CEP industrial strategy paper

Sustainable growth in the UK: seizing opportunities from technological change and the transition to a low-carbon economy

An overarching strategy for sustainable growth is required to address the dual challenges of restoring productivity growth and managing a transition to a low-carbon economy – priorities in both the UK and other G20 count...Read more...

CentrePiece article

Universities and industrial strategy in the UK

The UK’s higher education sector is a source of national strength with the potential to contribute to all areas of the government’s industrial strategy. Anna Valero and colleagues review the evidence on how the positive ...Read more...

CEP industrial strategy paper

Universities and industrial strategy in the UK: review of evidence and implications for policy

As producers of human capital, innovation and as large institutions in their own right, UK universities can make important contributions across the five foundations that underpin the government’s Industrial Strategy: peo...Read more...

CentrePiece article

Industry in Britain: an atlas

The UK’s financial services industry is not nearly as London-centric as the creative industries. Rather than the South East of England being the country’s productivity engine, it is a band stretching west from the capita...Read more...

Blog

LSE British Politics and Policy:

Where industry is strong and where it’s weak – key facts of UK business geography

Financial services aren’t as London-centric as the creative industries, and the coast-inland divide is growing, write Sandra Bernick, Richard Davies, and Anna Valero. The UK’s financial services industry is not nearly as...Read more...

CEP report

Industry in Britain - an atlas

Living near a productive company can have considerable economic benefits. It means the chance of well-paid jobs, creates opportunities for suppliers of goods and services, and can be a boost to local retailers. This comm...Read more...

CentrePiece article

Towards a new UK industrial strategy

The regulation of business has been a rollercoaster ride for the UK over the past 20 years. Drawing on their work with the LSE Growth Commission, Anna Valero and Richard Davies outline an opportunity to build a new syste...Read more...

CEP election analysis

The UK's New Industrial Strategy

‘Industrial strategy’ has returned to the policy agenda, with the government recently setting out its plans in a Green Paper, and dedicated sections appearing in the election manifestos of all three main parties. Until r...Read more...

CEP report

UK growth: a new chapter

The UK Economy is at a critical juncture. Leaving the EU creates economic challenges that necessitate widespread policy change. But this also generates an opportunity to tackle some of the long-standing challenges which ...Read more...

Submissions to parliamentary inquiries and government consultations

CEP Response to BEIS Green Paper - Building our Industrial Strategy

Read more...

CentrePiece article

How universities boost economic growth

The expansion of higher education has helped to fuel economic growth around the world, according to research by Anna Valero and John Van Reenen. Analysing data on 15,000 universities in 78 countries for the period since ...Read more...

CEP discussion paper

The economic impact of universities: evidence from across the globe

We develop a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century. We estimate fixed effects models at t...Read more...

Blog

LSE European Politics and Policy Blog:

Growth multiplier: How university expansion increases national income

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...

Submissions to parliamentary inquiries and government consultations

BIS - Productivity Plan inquiry

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Blog

LSE British Politics and Policy:

Productivity Plan: A sound framework, but gaps in policy persist. More is needed to get productivity growing again

Following the summer budget, the government released a productivity plan aimed at dealing with a chronic issue facing the UK’s economy. Anna Valero and John Van Reenen review the plan, writing that overall the plan is br...Read more...

CEP election analysis

#ElectionEconomics: The Research Evidence on Key Issues for Voters in the 2015 UK General Election

Please see the CEP #ElectionEconomics report(Paper 1)and the Executive Summary (Paper 2) that cover all the election 2015 briefings, discussing the research evidence on 15 of the UK's key policy battlegrounds: immigratio...Read more...

CEP election analysis

Productivity and Business Policies

UK productivity stagnated after the Great Recession of 2008-09 and remains about 15 percent below historical trends. This 'productivity puzzle' is due to a mixture of cyclical and structural effects - the fall is not ent...Read more...

CentrePiece article

Growth and productivity: UK economic performance since 1997

A common view is that the performance of the UK economy between 1997 and 2010 under Labour was very weak and that the current economic problems are a consequence of poor policies in this period. In this report, we analys...Read more...

CEP report

UK economic performance since 1997: growth, productivity and jobs

A common view is that the performance of the UK economy between 1997 and 2010 under Labour was very weak and that the current economic problems are a consequence of poor policies in this period. In this report, we analys...Read more...