Results

Journal article

Regional Science and Urban Economics: Forthcoming

Caring in the time of austerity

The years after the election of the UK's coalition government in 2010 saw a decline in central funding to local government and a fall in expenditure on a range of local services, including social services. These cuts wer...Read more...

Blog

LSE Impact:

Did Brexit make us better at communicating economics?

The referendum on the UK's membership of the EU was a watershed moment for research communication. Despite a near total academic consensus on the negative economic consequences of a vote to Leave, this message did not de...Read more...

Blog

LSE British Politics:

Brexit was supposed to limit immigration, it did the opposite

Being able to control immigration from the EU became one of the defining issues of the Vote Leave campaign. While Brexit has meant the end of free movement from the EU, immigration to the UK has since risen to record lev...Read more...

Blog

LSE British Politics:

Brexit has been an economic failure

Putting up trade barriers, higher import prices and uncertainty have made the UK poorer. Thomas Sampson provides the evidence showing how Brexit has negatively affected the UK's economy....Read more...

Journal article

Research Policy:

Mapping digital businesses with big data: some early findings from the UK

Governments around the world want to develop their ICT industries. Researchers and policymakers thus need a clear picture of digital businesses, but conventional datasets and typologies tend to lag real-world change. We ...Read more...

Chapter

Fostering green and inclusive productivity growth

in The London Consensus

This chapter explains the main ideas underpinning the Schumpeterian growth paradigm and how it provides a new lens to look at the determinants and effects of the growth process. Schumpeter was pessimistic about the futur...Read more...

Blog

LSE British Politics and Policy:

The problems with Reform UK's immigration policy

Reform UK's policy on irregular immigration of "detect, detain, deport" has been widely criticised on legal and moral grounds. But Alan Manning looks at the practical difficulties with enacting this policy and finds that...Read more...

Journal article

Management Science:

Cultural homophily and collaboration in superstar teams

One may reasonably think that cultural homophily, defined as the tendency to associate with others of similar culture, affects collaboration in multinational teams in general but not in superstar teams of professionals a...Read more...

Blog

LSE Politics and Policy:

Stop performative Brexit and do what works for the British economy

Brexit has left its mark on UK international trade, although, so far, the effect has been smaller than economists expected. Dennis Novy, Thomas Sampson and Catherine Thomas review recent UK trade performance and argue th...Read more...

Blog

LSE British Politics and Policy:

Global Britain has failed - what next?

The vision of post-Brexit Britain was one of international trade deals that would propel the country into a new era of prosperity. That vision of "Global Britain" is now dead. Thomas Sampson argues that the only viable a...Read more...

CEP discussion paper

Charity in the time of austerity: in search of the 'Big Society'

The years after the election of the UK's coalition government in 2010 saw a decline in central funding to local government and a fall in expenditure on a range of local services, including social services. These cuts wer...Read more...

CEP discussion paper

Cultural homophily and collaboration in superstar teams

One may reasonably think that cultural preferences affect collaboration in multinational teams in general, but not in superstar teams of professionals at the top of their industry. We reject this hypothesis by creating a...Read more...

Blog

VoxEU:

Global supply chain risk and resilience

Supply disruptions caused by systemic shocks such as Brexit, Covid, and Russia-Ukraine tensions have catapulted the issue of risk in global supply chains to the top of policy agendas. In some sectors, however, there is a...Read more...

Blog

VoxTalks Economics:

Motivated science and green innovation (podcast)

Scientists create innovation. Is this because they are paid to do it, or because they care about the outcome? Tim Besley tells Tim Phillips how motivated science drives down the cost of innovation and may accelerate the ...Read more...

CEP discussion paper

Expecting Brexit

The Brexit vote precipitated the unravelling of the UK's membership of the world's deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendu...Read more...

Journal article

Economica:

Populism and civil society

Since Tocqueville (1835), civil society has been recognized as a cornerstone of liberal democracy. But populists claim to be the only legitimate representatives of the people, leaving no space for civil society. Are popu...Read more...

CEP Insights

Brexit

The UK's vote to leave the European Union in 2016 triggered economic reactions that will define the country's future for years to come. Why does leaving the EU have such a profound impact - and how do economists estimate...Read more...

Journal article

Journal of Political Economy:

Are bigger banks better? Firm-level evidence from Germany

The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after ...Read more...

CEP discussion paper

Are bigger banks better? Firm-level evidence from Germany

The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in post-war Germany. I show that firms did not grow faster after...Read more...

Journal article

Information Processing and Management:

Machine learning classification of entrepreneurs in British historical census data

This paper presents a binary classification of entrepreneurs in British historical data based on the recent availability of big data from the I-CeM dataset. The main task of the paper is to attribute an employment status...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...

CEP election analysis

Brexit economics

Since the UK voted to leave the European Union in June 2016, Brexit has dominated UK politics and economic policy. Three and a half years after the referendum, the UK is yet to leave the EU, there is no certainty over if...Read more...

CEP discussion paper

Economic insecurity and the rise of the right

Economic insecurity has attracted growing attention in social, academic and policy circles. However, there is no consensus as to its precise definition. Intuitively, economic insecurity is multi-faceted, making any compr...Read more...

CEP Brexit analysis

The economic impact of Boris Johnson?s Brexit proposals

The Prime Minister Boris Johnson has set out a means of escaping the Brexit stalemate, but his new Brexit proposals have, as yet, not managed to overcome the impasse. What has been striking, though, is the extent to whic...Read more...

Blog

LSE British Politics and Policy:

Amplifying Islamophobic hate crime: UK media in the wake of terror attacks

Ria Ivandic,Tom Kirchmaier, and Stephen Machin study the empirical connections between local anti-Muslim hate crimes and international jihadi terror attacks. They find that local Muslim populations face a media-magnified...Read more...

Blog

LSE British Politics and Policy:

Childhood circumstances and young adult outcomes: the role of parental financial problems

Is there a relationship between childhood circumstances and outcomes later on in life? Andrew E. Clark, Conchita D?Ambrosio, and Marta Barazzetta consider the cognitive and non-cognitive consequences on young adults who ...Read more...

External report

World Happiness Report 2019

The World Happiness Report is a landmark survey of the state of global happiness that ranks 156 countries by how happy their citizens perceive themselves to be. The World Happiness Report 2019 focuses on happiness and th...Read more...

CEP discussion paper

The effect of the Brexit referendum result on subjective well-being

We study the effect of the Brexit referendum result on subjective well-being in the United Kingdom. Using a quasi-experimental design, we find that this outcome led to an overall decrease in subjective well-being in the ...Read more...

CEP discussion paper

The economic effects of Brexit - evidence from the stock market

We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors? expectations about the effects of leaving the European Union on the UK economy. Our results suggest that initial stoc...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 discussion paper

UK trade and FDI: a post-Brexit perspective

Leaving the EU will change the UK?s economic relations with the rest of the world. This paper discusses the UK?s role in the global economy and the consequences of Brexit for the UK?s trade, investment and living standar...Read more...

Blog

ESRC blog:

How English care homes have coped with the National Living Wage

Giulia Giupponi is an ESRC-funded PhD student at the London School of Economics and a research assistant at the Centre for Economic Performance. Stephen Machin is Professor of Economics at the London School of Economics ...Read more...

Blog

LSE British Politics and Policy:

Does immigration harm the job prospects of the UK-born? Brexit and the UK labour market

Following the referendum vote to leave the European Union, the UK faces a trade-off between retaining access to the Single Market and restricting free movement of labour. Barbara Petrongolo considers the likely impact of...Read more...

Blog

LSE British Politics and Policy:

The aftermath of the Brexit vote ? the verdict from a derided expert

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...

SERC/Urban and Spatial Programme Discussion Paper

The Geography of City Liveliness and Land Use Configurations: Evidence from Location-Based Big Data in Beijing

This paper explores the complexity in the connection between city liveliness and land use configurations for housing and consumption amenities. The sources of this complexity are captured by an integrated spatial and tem...Read more...

Blog

LSE British Politics and Policy:

Who voted Leave: the characteristics of individuals mattered, but so did those of local areas

Individual demographics had a huge effect in determining the outcome of the referendum, but the characteristics of local areas mattered as well, explain Monica Langella and Alan Manning. Immigration, the decline in manuf...Read more...

Blog

LSE British Politics and Policy:

Why leaving the EU would almost certainly damage our economic prospects

The economic consequences of leaving the EU have been a central focus of the referendum campaign. As June 23 draws near, Jagjit Chadha, Paul Johnson and John Van Reenen bring together the conclusions from their research ...Read more...

Blog

LSE British Politics and Policy:

The `Britain Alone? scenario: how Economists for Brexit defy the laws of gravity

There is a degree of consensus among economists that a Brexit will make us worse off. The exception is recent work by Economists for Brexit. Their forecast of income gains from Brexit contrasts with all other economic an...Read more...

Blog

LSE British Politics and Policy:

The question is not whether Brexit will cost the UK in economic terms but how much

For over two years, a research team at the Centre for Economic Performance (CEP) has been studying the likely impact of the UK leaving the European Union. Their latest report focuses on the impact of `Brexit? through cha...Read more...

Blog

LSE British Politics and Policy:

Corbyn and the political economy of nostalgia

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 kind of wishful thinking that i...Read more...

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...

Blog

LSE British Politics and Policy:

Summer budget 2015: Osborne is right to raise wages, but a clearer productivity plan is required

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, writing that the Chancellor is r...Read more...

Blog

LSE British Politics and Policy:

Budget 2015: What the Chancellor said and didn?t say

Who would have thought an election was around the corner? John Van Reenen looks at what George Osborne had to say in the budget speech as well as what he didn?t say; the Chancellor neither mentioned the productivity prob...Read more...

Blog

LSE British Politics and Policy:

Austerity in the UK: past, present and future

In this article, John Van Reenen looks at the UK?s economic performance since the global financial crisis and assesses the impact of austerity policies. He also examines the fiscal plans of the three major parties over t...Read more...

CEP occasional paper

Mapping information economy businesses with big data: findings for the UK

Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets...Read more...

Blog

LSE European Politics and Policy Blog:

Leaving the European Union would likely have a significant negative impact on the UK?s economy

How would leaving the EU affect the UK's economy? Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen outline findings from a new report on the economic consequences of a Brexit. They indicate that...Read more...

Blog

LSE British Politics and Policy:

From `Plan B? to `Plan V?: what the UK economy needs to reboot and rebalance growth

With the threat of stagflation and interest rate rises, the current economic climate shows little sign of improvement in the near future. John Van Reenen finds that the government?s severe austerity programme, with its v...Read more...

Blog

LSE British Politics and Policy:

To avoid creating a `lost generation?, with perhaps a fifth of all 18 year olds unemployed and outside training, a new push on apprenticeships would help

With record numbers of young people not gaining university places, the viability of apprenticeships could make a huge difference in preventing a `lost generation? out of touch with the labour market. Dr Hilary Steedman o...Read more...