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Staff Biography

[Photo: Anna VALERO] Dr Anna VALERO
ESRC Innovation Fellow - Growth
Email: a.a.Sivropoulos-Valero@lse.ac.uk
Room/Desk: 32L 2.02 B  

Personal WebSite WWW

Expertise: Productivity and innovation, firm organisation


Anna is ESRC Innovation Fellow at the CEP. Her research is focused on the drivers of productivity and innovation, and in particular the role of skills and universities in explaining differences in economic performance between firms and regions. Anna has also been working on UK productivity and industrial strategy more broadly, and in 2017 was a research director for the LSE Growth Commission. Anna received her PhD in economics at the LSE in 2018. Previously, she was a manager at Deloitte’s Economic Consulting practice.

Current Areas of Research:

Skill biased management, evidence from manufacturing firms: Management quality varies widely within countries, regions and industries. Using the World Management Survey on manufacturing plants, this research (with Andy Feng) explores variation in workforce skills as a driver of differences in management practices.

The economic impact of universities: How do universities affect the productivity of their surrounding regions and firms? This project studies how university growth impacts on local industry composition and productivity in the UK using panel data on firms and nearby university enrolments over the period 1997-2016.

UK Industrial Strategy: This broad project follows on from our Industrial Strategy chapter in the LSE Growth Commission's 2017 report. Working together with CEP colleagues we seek to gain a better understanding of the UK's sectoral and regional industrial structure, the effectiveness of different types of policy lever, and priority areas for industrial strategy that seeks to move the UK onto a sustainable and inclusive growth path.


  • 2018: PhD Economics, LSE
  • 2009-2011: MSc/MRes Economics, LSE, with Distinction
  • 2001-2002: MSc European Political Economy, LSE, with Merit
  • 2002-2005: qualified as a chartered accountant (ACA) with ICAEW
  • 1998-2001: BSc Economics, University of Nottingham, First Class Honours


  • ESRC Scholarship, 2010-2014
  • ESRC Innovation Fellowship, 2018-2021

Affiliations/Professional activities with other institutions:

  • Deloitte LLP - Manager, Economic Consulting, 2005-2010
  • Deloitte LLP - Assistant Manager, Audit, 2002-2005

Selected Publications:

CEP Publications

CEP Covid-19 analysis
Strategy, Investment and Policy for a Strong and Sustainable Recovery: An Action Plan Nick Robins, James Rydge, Nicholas Stern, Sam Unsworth, Anna Valero and Dimitri Zenghelis
July 2020
Paper No' CEPCOVID-19-005:
Read Abstract | | Press Release(pdf) Full Paper (pdf)

Tags: covid-19; sustainable recovery; investment; productivity; infrastructure; net zero greenhouse emissions; 'building back better'

CEP election analysis
The UK Economy: Policies for Investment and Productivity Growth Anna Valero and John Van Reenen
November 2019
Paper No' CEPEA049:
Read Abstract | | Press Release(pdf) Full Paper (pdf)

Tags: productivity; brexit; low investment; earnings

Download Press Release
Journal article
The Economic Impact of Universities: Evidence from Across the Globe Anna Valero and John Van Reenen
February 2019
Paper No' :
Read Abstract |

Tags: universities; growth; human capital; innovation

CEP discussion paper
Skill Biased Management: Evidence from Manufacturing Firms Andy Feng and Anna Valero
January 2019
Paper No' CEPDP1594:
Read Abstract | Full Paper (pdf)

JEL Classification: I23; I26; J24; L2; M2

Tags: management practices; human capital; universities; complementarities

CEP industrial strategy
Universities and Industrial Strategy in the UK: Review of Evidence and Implications for Policy Ghazala Azmat, Richard Murphy, Anna Valero and Gill Wyness
October 2018
Paper No' CEPIS06:
Read Abstract | Full Paper (pdf)

JEL Classification: I23; I26; J24; O25; O30

Tags: higher education; universities; industrial strategy; growth; innovation

CEP report
Industry in Britain - An Atlas Sandra Bernick, Richard Davies and Anna Valero
September 2017
Paper No' CEPSP34:
Read Abstract | Full Paper (pdf)
| Maps (pdf)

JEL Classification: R12;O25;O52

Tags: productivity; business performance; regional disparities; uk economy; industrial strategy

CEP report
UK Growth: A New Chapter Philippe Aghion, Terra Allas, Timothy Besley, John Browne, Francesco Caselli, Richard Davies, Richard Lambert, Rachel Lomax, Stephen Machin, G.I.P. Ottaviano, Christopher Pissarides, Isabelle Roland, Xavier Rolet, N Stern and Anna Valero
February 2017
Paper No' CEPSP28B:
Read Abstract | Full Paper (pdf)

Tags: gdp; innovation; infrasstructure; uk economy; skills; apprenticeships; education; government policy

Parliamentary inquiry or consultation
CEP Response to BEIS Green Paper - Building our Industrial Strategy Richard Davies, Ralf Martin and Anna Valero
January 2017
Paper No' :
Full Paper (pdf)

Tags: industrial strategy

CEP discussion paper
The Economic Impact of Universities: Evidence from Across the Globe Anna Valero and John Van Reenen
August 2016
Paper No' CEPDP1444:
Read Abstract | Full Paper (pdf)

JEL Classification: I23; I25; J24; O10; O31

Tags: universities; growth; human capital; innovation

Parliamentary inquiry or consultation
BIS - Productivity Plan inquiry Anna Valero and John Van Reenen
September 2015
Paper No' :
Full Paper (pdf)

Tags: productivity; investment; r&d

CEP election analysis
#ElectionEconomics: The Research Evidence on Key Issues for Voters in the 2015 UK General Election Ghazala Azmat, Brian Bell, Jonathan Colmer, Antoine Dechezleprêtre, Swati Dhingra, Christian Hilber, Stephen Machin, Alan Manning, Ralf Martin, Alistair McGuire, Sandra McNally, Gianmarco Ottaviano, Henry Overman, Isabelle Roland, Thomas Sampson, Anna Valero, John Van Reenen, Jonathan Wadsworth, Gill Wyness and Gabriel Zucman
April 2015
Paper No' CEPEA034:
Read Abstract | Full Paper (pdf)
| Executive Summary (pdf)

Tags: 2015 uk general election; government policy; austerity; productivity; health; nhs; education; higher education; immigration; brexit; eu; inequality; real wages; unemployment; gender; management; productivity; uk housing; environment; climate change; uk cities; infrastructure; taxation