Similar Search Results

Koren, Miklos; Tenreyro, Silvana - Centre for Economic Performance, LSE - 2007

Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...

Persistent link: https://www.econbiz.de/10005016646

Spatial Agglomeration Dynamics

Quah, Danny - Centre for Economic Performance, LSE - 2002

geography. The same economic forces influence simulataneously growth, convergence, and spatial agglomeration and clustering …

Persistent link: https://www.econbiz.de/10005016794

Cross Country Growth Comparison: Theory to Empirics

Quah, Danny - Centre for Economic Performance, LSE - 2000

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth û both empirical and theoretical û distinguish from previous work in three distinct...

Persistent link: https://www.econbiz.de/10005017002

Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries

Griffith, Rachel; Redding, Stephen; Reenen, John Van - Centre for Economic Performance, LSE - 2000

capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD …

Persistent link: https://www.econbiz.de/10005017079

Convergence of Firm-Level Productivity, Globalisation, Information Technology and Competition: Evidence from France

Chevalier, Paul-Antoine; Lecat, Rémy; Oulton, Nicholas - Centre for Economic Performance, LSE - 2009

productive. The formers' convergence could therefore constitute an important part of productivity growth at the macroeconomic … level. This article sheds light on this convergence process in the 1990s and the 2000s in France and on some of the factors … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …

Persistent link: https://www.econbiz.de/10005256474

Integrated Estimates of Capital Stocks and Services for the United Kingdom: 1950-2013

Oulton, Nicholas; Wallis, Gavin - Centre for Economic Performance, LSE - 2015

This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...

Persistent link: https://www.econbiz.de/10011213430

Space-Time (In)Consistency in the National Accounts: Causes and Cures

Oulton, Nicholas - Centre for Economic Performance, LSE - 2015

In early 2014 the World Bank published the main findings of the 2011 International Comparison Program (ICP). The result was surprising: the world is apparently richer and more equal than we would have expected based on extrapolating from the earlier, 2005 ICP. This is an example of what I call...

Persistent link: https://www.econbiz.de/10011271360

Jeremy Greenwood and Per Krusell, "Growth Accounting with Investment-Specific Technological Progress: A Discussion of Two Approaches" A Rejoinder

Oulton, Nicholas - Centre for Economic Performance, LSE - 2007

The May 2007 issue of the Journal of Monetary Economics published a paper of mine entitled 'Investment-Specific Technological Progress and Growth Accounting' which critiqued the work of Greenwood, Hercowitz and Krusell. I argued that the Greenwood-Hercowitz-Krusell (GHK) model is a special case...

Persistent link: https://www.econbiz.de/10005220080

Measuring the Cost Effectiveness of an R&D Tax Credit for the UK

Griffith, Rachel; Redding, Stephen; Reenen, John Van - Centre for Economic Performance, LSE - 2001

This paper investigates the economic impact of the government's proposed new UK R&D tax credit. We measure the benefit of the credit by the effect on value added in the short and long?run. This is simulated from existing econometric estimates of the tax?price elasticity of R&D and the effect of...

Persistent link: https://www.econbiz.de/10005016782

Its Not What You Make, Its How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries

Bayoumi, Tamim; Haacker, Markus - Centre for Economic Performance, LSE - 2002

This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...

Persistent link: https://www.econbiz.de/10005016963