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Climate Change Policy and Business in Europe. Evidence from Interviewing Managers

Anderson, Barry; Leib, Jorg; Martin, Ralf; McGuigan, Marty - Centre for Economic Performance, LSE - 2011

This report presents new evidence relating to the effects of climate policy in Europe, particularly the European Union Emissions Trading Scheme (EU ETS). The evidence is based on new data from almost 800 phone interviews we conducted with managers in manufacturing plants in six European...

Persistent link: https://www.econbiz.de/10010700447

Recovering the Sunk Costs of R&D: the Moulds Industry Case

Santos, Carlos Daniel - Centre for Economic Performance, LSE - 2009

created the incentives for firms to pay the costs of investment. Trade-induced innovation reinforced the selection effect by … which international trade leads to productivity growth. Finally, using the estimated parameters, simulations evaluate the …

Persistent link: https://www.econbiz.de/10008476315

Why is the US so Energy Intensive? Evidence from US Multinationals in the UK

Martin, Ralf - Centre for Economic Performance, LSE - 2010

At present the USA is - in per capita terms - the top greenhouse gas polluter among the world's major economies. This is mirrored by the high energy intensity of all sectors of the US economy including manufacturing industries. A potential explanation for the higher energy intensity is lower US...

Persistent link: https://www.econbiz.de/10008542744

Sequential Exporting

Albornoz, Facundo; Calvo-Pardo, Hector; Corcos, Gregory; … - Centre for Economic Performance, LSE - 2010

exporting" is pervasive. Sequential exporting has broad but subtle implications for trade policy. For example, a reduction in … trade barriers in a country has delayed entry effects in its own market, while also promoting entry in other markets. This … trade externality poses challenges for the quantification of the effects of trade liberalization programs, while suggesting …

Persistent link: https://www.econbiz.de/10008542753

Products and Productivity

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - Centre for Economic Performance, LSE - 2005

Firms' decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard...

Persistent link: https://www.econbiz.de/10005510386

The Impacts of the Climate Change Levy on business: Evidence from Microdata

Martin, Ralf; Wagner, Ulrich J.; Preux, Laure B. de - Centre for Economic Performance, LSE - 2009

We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after...

Persistent link: https://www.econbiz.de/10005256470

Product Choice and Product Switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - Centre for Economic Performance, LSE - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10005150983

Testing the "Waterbed" Effect in Mobile Telephony

Genakos, Christos; Valletti, Tommaso - Centre for Economic Performance, LSE - 2007

This paper examines the impact of regulatory intervention to cut termination rates of calls from fixed lines to mobile phones. Under quite general conditions of competition, theory suggests that lower termination charges will result in higher prices for mobile subscribers, a phenomenon known as...

Persistent link: https://www.econbiz.de/10005150999

Multi-Product Firms and Product Switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - Centre for Economic Performance, LSE - 2006

This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972...

Persistent link: https://www.econbiz.de/10005151065

Product Market Competition Returns to Skill and Wage Inequality

Guadalupe, María - Centre for Economic Performance, LSE - 2005

This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...

Persistent link: https://www.econbiz.de/10005017132