Results

Journal article

American Economic Review: Insights:

Induced Innovation, Inventors, and the Energy Transition

We study how individual inventors respond to incentives to work on “clean” electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term i...Read more...

Journal article

American Economic Journal: Applied Economics:

Do Carbon Offsets Offset Carbon?

We develop and implement a new method for identifying wasted subsidies and use it to provide systematic evidence of the misallocation of carbon offsets in the Clean Development Mechanism - the world's largest carbon offs...Read more...

CEP discussion paper

New venture creation: Innovativeness, speed-to-breakeven and revenue tradeoffs

We present a Schumpeterian growth model with new venture creation, under uncertainty, which explains the tradeoff between speed-to-breakeven, revenue-at-breakeven and relates this to the level of innovation. We then expl...Read more...

Journal article

The Economic Journal:

Globalization and Conflicts: the Good, the Bad, and the Ugly of Corporations in Africa

Using a novel georeferenced datataset on the affiliates and headquarters of multinational enterprises between 2007 and 2018 together with georeferenced conflict data for the African continent, this work establishes a cau...Read more...

Journal article

Oxford Economic Papers:

Household inequality and remittances in rural Thailand: a life-cycle perspective

This article studies the dynamics of income inequality among a panel of rural households in Thailand. In contrast to the many cross-section studies of income inequality, the article exploits a long panel data set to exam...Read more...

Journal article

Journal of Economic Geography:

Colonial legacies: Shaping African cities

Institutions persisting from colonial rule affect the spatial structure and conditions under which 100s of millions of people live in Sub-saharan African cities. In a sample of 318 cities, Francophone cities have more co...Read more...

Journal article

The Economic Journal:

Trapped Factors and China’s Impact on Global Growth

After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of prod...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...

Journal article

The Review of Economics and Statistics:

Resource windfalls, political regimes, and political stability

We study theoretically and empirically whether natural resource windfalls affect political regimes. We show that windfalls have no effect on democracies, while they have heterogeneous political consequences in autocracie...Read more...

CentrePiece article

In brief... Making a difference in education

A new book by Sandra McNally and colleagues surveys the evidence on which policies and practices are working in UK schools....Read more...

CEP election analysis

Schools: The Evidence on Academies, Resources and Pupil Performance

England’s performance in international tests of student achievement continues to be disappointing. Further improvement is essential not only for students’ themselves but also for economic growth. This briefing considers ...Read more...

CentrePiece article

Does school spending matter?

Increases in resources for schools are typically more effective in disadvantaged schools and for disadvantaged pupils. That is one of the many findings of a review by Steve Gibbons and Sandra McNally of the research evid...Read more...

Journal article

Educational Research:

Educational attainment across the UK nations: performance, inequality and evidence

Political devolution occurred in the UK in 1998-99, following many years in which some degree of policy administration had been devolved to the four nations. Since devolution, all four countries of the UK have pursued in...Read more...

CEP discussion paper

The effects of resources across school phases: a summary of recent evidence

This report provides an overview and discussion of the past decade of academic evidence on the causal effects of resources in schooling on students’ outcomes. Early evidence lacked good strategies for estimating the effe...Read more...

CEP discussion paper

The geography of inter-state resource wars

We establish a theoretical as well as empirical framework to assess the role of resource endowments and their geographic location for inter-State conflict. The main predictions of the theory are that conflict tends to be...Read more...

CentrePiece article

Giant oilfields and civil conflict

We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilf...Read more...

CEP discussion paper

Resource Windfalls, Political Regimes, and Political Stability

We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occu...Read more...

CEP discussion paper

Do Giant Oilfield Discoveries Fuel Internal Armed Conflicts?

We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilf...Read more...

CEE/Education and skills discussion paper

Does Additional Spending Help Urban Schools? An Evaluation Using Boundary Discontinuities

Improvement of educational attainment in schools in urban, disadvantaged areas is an important priority for policy – particularly in countries like England which have a long tail at the bottom of the educational distribu...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Does Additional Spending Help Urban Schools? An Evaluation Using Boundary Discontinuities

Improvement of educational attainment in schools in urban, disadvantaged areas is an important priority for policy – particularly in countries like England which have a long tail at the bottom of the educational distribu...Read more...

Journal article

Journal of the European Economic Association:

Crime and Police Resources: The Street Crime Initiative

In this paper we look at the connection between police resources and crime by focussing on a large-scale policy intervention—the Street Crime Initiative—that was introduced in England and Wales in 2002. This allocated ad...Read more...

Journal article

Economics of Education Review:

Does money matter for schools?

There is considerable disagreement in the academic literature about whether raising school expenditure improves educational outcomes. Yet changing the level of resources is one of the key policy levers open to government...Read more...

CEP discussion paper

Do Oil Windfalls Improve Living Standards? Evidence from Brazil

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or...Read more...

CEE/Education and skills discussion paper

Does Money Matter for Schools?

There is considerable disagreement in the academic literature about whether raising school expenditure improves educational outcomes. Yet changing the level of resources is one of the key policy levers open to government...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...

CEE/Education and skills discussion paper

Resources and Standards in Urban Schools

Despite being central to government education policy in many countries, there remains considerable debate about whether resources matter for pupil outcomes. In this paper we look at this question by considering an Englis...Read more...

CEP discussion paper

Crime and Police Resources: The Street Crime Initiative

In this paper we look at links between police resources and crime in a different way to the existing economics of crime work. To do so we focus on a policy intervention - the Street Crime Initiative - that was introduced...Read more...

CEP discussion paper

Motivating Employee Owners in ESOP Firms: Human Resource Policies and Company Performance

What enables some employee ownership firms to overcome the free rider problem and motivate employees to improve performance? This study analyzes the role of human resource policies in the performance of employee ownershi...Read more...