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Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty
Chen, Yu-Fu; Funke, Michael - CESifo - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and volatility. In our setting the shifts are governed by a three-state Markov...
Persistent link: https://www.econbiz.de/10005013955
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Unions and productivity, financial performance and investment: international evidence
Metcalf, David - London School of Economics (LSE) - 2002
If the presence of a union in a workplace or firm raises the pay level, unless productivity rises correspondingly … senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This … to use theory to predict unambiguously any union effect on productivity because unions can both enhance and detract from …
Persistent link: https://www.econbiz.de/10010745670
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Investing for prosperity: skills, infrastructure and innovation
Besley, Timothy; Coelho, Miguel; Van Reenen, John - London School of Economics (LSE) - 2013
What policies and institutions are needed to sustain long-run growth in the UK? We describe an optimistic story of the UK economy over the past 30 years. From the late 1970s, the UK reversed a century of relative decline in terms of per capita GDP with our main counterparts in the US, France and...
Persistent link: https://www.econbiz.de/10011125977
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The wider economic impacts of high-skilled migrants: a survey of the literature for receiving countries
Nathan, Max - London School of Economics (LSE) - 2014
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10011126145
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The causal effects of an industrial policy
Criscuolo, Chiara; Martin, Ralf; Overman, Henry G.; Van … - London School of Economics (LSE) - 2012
Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro …
Persistent link: https://www.econbiz.de/10011126451