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The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data

Keulenaer, Femke De; Neve, Jan-Emmanuel De; Kavetsos, … - Centre for Economic Performance, LSE - 2014

Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth is experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...

Persistent link: https://www.econbiz.de/10011196452

The Role of Educational Quality and Quantity in the Process of Economic Development

Castelló-Climent, Amparo; Hidalgo-Cabrillana, Ana - Centre for Economic Performance, LSE - 2011

We develop a theory of human capital investment to study the channels through which students react to school quality when deciding on investments in secondary education and above, and to study how educational quality affects economic growth. In a dynamic general equilibrium closed economy,...

Persistent link: https://www.econbiz.de/10009359510

Mass Education or a Minority Well Educated Elite in the Process of Development: the Case of India

Castelló-Climent, Amparo; Mukhopadhyay, Abhiroop - Centre for Economic Performance, LSE - 2011

This paper analyses whether in developing countries mass education is more growth enhancing than to have a minority well educated elite. Using the Indian census data as a benchmark and enrollment rates at different levels of education we compute annual attainment levels for a panel of 16 Indian...

Persistent link: https://www.econbiz.de/10009359511

In brief: Business cycle blues

Keulenaer, Femke De; Neve, Jan-Emmanuel De; Kavetsos, … - Centre for Economic Performance, LSE - 2015

People do not psychologically benefit from economic expansions nearly as much as they suffer from recessions, according to research by JanEmmanuel De Neve and colleagues.

Persistent link: https://www.econbiz.de/10011123598

Productivity Growth, Knowledge Flows and Spillovers

Crespi, Gustavo; Criscuolo, Chiara; Haskel, Jonathan; … - Centre for Economic Performance, LSE - 2007

This paper explores the role of knowledge flows and TFP growth by using direct survey data on knowledge flows linked to firm-level TFP growth data. Our knowledge flow data correspond to the kind of information flows often argued, especially by policy-makers, as important, such as within the...

Persistent link: https://www.econbiz.de/10005796134

Is Poland the Next Spain?

Caselli, Francesco; Tenreyro, Silvana - Centre for Economic Performance, LSE - 2005

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …

Persistent link: https://www.econbiz.de/10005670485