Results

CentrePiece article

in brief... The long shadow of slavery

The politics and economy of the antebellum American South were dominated by those who practiced forced enslavement. Research by Luna Bellani, Anselm Hager and Stephan Maurer, which examines a database of Texas legislator...Read more...

CEP discussion paper

All aboard: the effects of port development

This paper examines the effects of port development on the economy. By using scarce local land intensively, ports put pressure on local land prices and crowd out other forms of economic activity. We use the introduction ...Read more...

CEP discussion paper

The long shadow of slavery: the persistence of slave owners in Southern law-making

This paper documents the persistence of the Southern slave owning elite in political power after the end of the American Civil War. We draw on a database of Texan state legislators between 1860 and 1900 and link them to ...Read more...

CEP discussion paper

Center-based care and parenting activities

We estimate the effects of center-based care on parenting activities with children using data from time diaries and a family survey for Germany. Our estimates imply that usage of center-based care reduces the amount of t...Read more...

Journal article

European Journal of Finance:

Is firm-level clean or dirty innovation valued more?

We examine how Tobin's Q is linked to 'clean' and 'dirty' innovation and innovation efficiency at the firm level. Clean innovation relates to patented technologies in areas such as renewable energy generation and electri...Read more...

Journal article

Journal of Urban Economics:

The role of demand in land re-development

Vacant, previously-developed land in cities can generate negative externalities on surrounding areas, and is often the target of policies to promote re-development. This paper provides estimates of the price sensitivity ...Read more...

CentrePiece article

In brief...Swings and silicon roundabouts: does cluster policy work?

Despite scepticism among researchers, policies to promote geographical clusters of firms in the same sector remain popular. Max Nathan evaluates a flagship programme set up a decade ago to accelerate the growth of Tech C...Read more...

Blog

LSE Business Review:

Public investment in defence research can increase business innovation

That doesn't mean that defence R&D is the most efficient way to stimulate private sector innovation and productivity, write Enrico Moretti, Claudia Steinwender and John van Reenen....Read more...

CEP discussion paper

Does light touch cluster policy work? Evaluating the tech city programme

Despite academic scepticism, cluster policies remain popular with policymakers. This paper evaluates the causal impact of a flagship UK technology cluster programme. I build a simple framework and identify effects using ...Read more...

Journal article

Journal of Economic Geography:

Spatial Imaginaries and Tech Cities: Place-branding East London's digital economy

We explore place branding as an economic development strategy for technology clusters, using London’s ‘Tech City’ initiative as a case study. We site place branding in a larger family of policies that develop spatial ima...Read more...

CEP discussion paper

Incubators, accelerators and regional economic development

A growing wave of co-location programmes promises to boost growth for young firms. Despite great public and policy interest we have little idea whether such programmes are effective. This paper categorises accelerators a...Read more...

CEP discussion paper

The role of demand in land re-development

Several governments throughout the world apply policies aimed to re-mediate and recover vacant or idle land for other uses. This paper provides estimates of the price sensitivity of redevelopment, a crucial parameter for...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Interaction of Public and Private Employment: Evidence from a German Government Move

We use the German government move from Bonn to Berlin in 1999 to test competing views about the impact of public employment on private sector activity in a local labor market. A relocated public sector job might create n...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Planning Ahead for Better Neighborhoods: Long Run Evidence from Tanzania

What are the long run consequences of planning and providing basic infrastructure in neighborhoods, where people build their own homes? We study "Sites and Services" projects implemented in seven Tanzanian cities during ...Read more...

CEP election analysis

#GE2017Economists: The Research Evidence on Key Issues for Voters in the 2017 UK General Election

The unexpected UK general election of 2017 was intended to be all about Brexit, one that will give the incoming government a mandate to negotiate the terms of the UK’s exit from the European Union (EU). But many other pu...Read more...

CentrePiece article

The roles of nature and history in world development

Vernon Henderson and colleagues explore fundamental determinants of the location of economic activity....Read more...

SERC/Urban and Spatial Programme Discussion Paper

Austerity States, Institutional Dismantling and the Governance of Sub-National Economic Development: The Demise of the Regional Development Agencies in England

Contributing to interpretations of the governance geographies of austerity, the paper explains how, why and in what forms austerity states are constructed by actors in particular political-economic contexts and geographi...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Global Spatial Distribution of Economic Activity: Nature, History and the Role of Trade

We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometres. We first document that nearly half of the variation can be explained by a pa...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Business as Unusual. An Explanation of the Increase of Private Economic Activity in High-Conflict Areas in Afghanistan

In this paper we use a unique dataset that combines spatial detailed information on conflict events and on households' activity, to show a positive and significant correlation between violent conflict and entrepreneurshi...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Exploring the Geography of China's Airport Networks: A Hybrid Complex-Network Approach

Air networks are normal examples of transportation systems among ubiquitous big data networks in the dynamic nature. This is particularly the case in developing countries with rapid airport network expansions. This paper...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Economic Value of Local Social Networks

The idea that local social capital yields economic benefits is fundamental to theories of agglomeration, and central to claims about the virtues of cities. However, this claim has not been evaluated using methods that pe...Read more...

CEP discussion paper

Economic Growth Evens-Out Happiness: Evidence from Six Surveys

In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has fallen in countries that have experienced income growth (but not in those that did not). Modern gro...Read more...

CEP discussion paper

Early, Late or Never? When Does Parental Education Impact Child Outcomes?

We study the intergenerational effects of parents’ education on their children’s educational outcomes. The endogeneity of parental education is addressed by exploiting the exogenous shift in education levels induced by t...Read more...

CEP discussion paper

The Latin American Efficiency Gap

The average Latin American country produces about 1 fifth of the output per worker of the US. What are the sources of these enormous income gaps? I report development-accounting results for Latin America. On average Lati...Read more...

CEP discussion paper

HRM Practices and Knowledge Processes Outcomes: Empirical Evidence from a Quasi-Experiment on UK SMEs in the Tourism Hospitality and Leisure Sector

This paper presents empirical evidence of the relationship between human resources practices and the effectiveness of a firm to capitalise on investment in knowledge as measured by the returns to innovation and business ...Read more...

CEP discussion paper

External Integration, Structural Transformation and Economic Development: Evidence From Argentina

This paper uses the natural experiment of Argentina’s integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We...Read more...

CentrePiece article

Turning houses into gold: the failure of British planning

Britain’s crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather, it is a result of decades of misguided planning policies that constrain the supply of land and turn...Read more...

SERC/Urban and Spatial Programme Policy Paper

Evaluating Spatial Policies

In most countries economic prosperity is very unevenly distributed across space: regions, cities and neighbourhoods seem to be very unequal, whether we look at average earnings, employment, education or almost any other ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Relocation of Public Sector Workers: Evaluating a Place-based Policy

This paper investigates the local labor market impact of a UK relocation initiative, the 2014 Lyons Review. The review resulted in the dispersal of about 25,000 civil service jobs out of London and the South East towards...Read more...

CEP discussion paper

Fast-Tracking 'Green' Patent Applications: An Empirical Analysis

This paper presents the first empirical analysis of programmes to fast-track ‘green’ patent applications in place in seven Intellectual Property offices around the world. We find that only a small share of green patent a...Read more...

CEP discussion paper

Task Specialization in U.S. Cities from 1880-2000

We develop a new methodology for quantifying the tasks undertaken within occupations using 3,000 verbs from around 12,000 occupational descriptions in the Dictionary of Occupational Titles (DOTs). Using micro-data from t...Read more...

CEP discussion paper

A Note on Schooling in Development Accounting

How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in o...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Bright Side of Social Capital: How 'Bridging' Makes Italian Provinces More Innovative

Social capital has remained relatively underexplored in innovation literature. Existing studies have failed to reach a consensus on its impact on local innovative performance: some empirical analyses emphasize a positive...Read more...

CEP discussion paper

Political Competition, Policy and Growth: Theory and Evidence from the United States

This paper develops a simple model to analyze how a lack of political competition may lead to policies that hinder economic growth. We test the predictions of the model on panel data for the US states. In these data, we ...Read more...

CEP discussion paper

Urbanisation and Structural Transformation

This paper presents new evidence on urbanization using sub-county data for the United States from 1880-2000 and municipality data for Brazil from 1970-2000. We show that the two central stylized features of population gr...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Government's Review of Sub-National Economic Development and Regeneration: Key Issues

We are now in the midst of another concerted attempt by Government to make sense of and tidy up the sub-national governance of economic development and regeneration. This is a challenging task made all the more difficult...Read more...

CEP discussion paper

The Impact of Private Ownership, Incentives and Local Development Objectives on University Technology Transfer Performance

We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new surv...Read more...

CEP discussion paper

Dynastic Management

The most striking difference in corporate-governance arrangements between rich and poor countries is that the latter rely much more heavily on the dynastic family firm, where ownership and control are passed on from one ...Read more...

CEP discussion paper

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

This paper investigates whether the effects, on registered manufacturing out- put, employment, entry and investment, of dismantling the .license raja system of central controls regulating entry and production activity in...Read more...

Journal article

The Quarterly Journal of Economics:

Causes of sprawl: a portrait from space

We study the extent to which US urban development is sprawling and what determines differences in sprawl across space. Using remote-sensing data to track the evolution of land use on a grid of 8.7 billion 30 x 30 metre c...Read more...

CEP discussion paper

A Gold Rush Theory of Economic Development

This paper presents a model of social learning about the suitability of local conditions for new business ventures and explores its implications for the microeconomic patterns of economic development. I show that: i) fir...Read more...

CEP discussion paper

Volatility and Development

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i) poor countries specialize in more volatile sectors; (ii) poor countries specialize in fewer sectors; (ii...Read more...

CEP discussion paper

Cities in the Developing World

Rapid urbanisation is a major feature of developing countries. Some 2 billion more people are likely to become city residents in the next 30 years, yet urbanisation has received little attention in the modern development...Read more...

CEP discussion paper

Accounting for Cross-Country Income Differences

Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question ...Read more...

Journal article

Journal of International Economics:

Economic geography and international inequality

This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. We provide evidence that the geography of acces...Read more...

CEP discussion paper

Explaining Cross-Country Export Performance: International Linkages and Internal Geography

This paper investigates the determinants of countries' export performance looking in particular at the role of international product market linkages. We begin with a novel decomposition of the growth in countries' expo...Read more...

CEP discussion paper

Economic Geography and International Inequality

This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods. More than 70% of the variation in per capita in...Read more...