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Spatial Nexus in Crime and unemployment in Times of crisis: Evidence from Germany

Lastauskas, Povilas; Tatsi, Eirini - Faculty of Economics, University of Cambridge - 2013

Space is important. The recent global financial crisis has vividly pointed to spatial patterns in economies’ reactions to the global economic shocks. This paper focuses on labor market responses and its interactions with criminal activities in a causal and spatial framework. we study the case...

Persistent link: https://www.econbiz.de/10010790544

Was Brazil's recent growth acceleration the world's most overrated boom?

Palma, J.G. - Faculty of Economics, University of Cambridge - 2012

As soon as international financial markets felt reassured in 2003 by the surprisingly neoliberal orientation of President Lula’s government, the ‘spot-the-new-Latin-tiger’ financial brigade became dazzled by Brazil — they just couldn’t have enough of it. So much so, that they had...

Persistent link: https://www.econbiz.de/10010699816

Financial constraints and firms' investment: results of a natural experiment measuring firm response to power interruption

Steinbuks, J. - Faculty of Economics, University of Cambridge - 2008

This study uses the observed differences between public system failures and private investment as a natural experiment to reveal the effect of financing constraints on firms' ability to substitute specifically for deficient public services and more generally to acquired complementary capital....

Persistent link: https://www.econbiz.de/10005783781

Power sector reform, private investment and regional co-operation

Newbery, D. - Faculty of Economics, University of Cambridge - 2006

Modern infrastructure, particularly electricity, is critical to economic development. South Asia, with inefficient and bankrupt state-owned vertically integrated electricity supply industries, encouraged private generation investment to address shortages selling power to largely unreformed state...

Persistent link: https://www.econbiz.de/10005113768

Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio'...

Palma, José Gabriel - Faculty of Economics, University of Cambridge - 2014

stable stylised fact, or whether it is a new phenomenon, the outcome of a process of convergence towards the current '50 …

Persistent link: https://www.econbiz.de/10010949350

A Pair-wise Approach to Testing for Output and Growth Convergence

Pesaran, M.H. - Faculty of Economics, University of Cambridge - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also … support output convergence and suggest that the findings of convergence clubs in the literature might be spurious. However …

Persistent link: https://www.econbiz.de/10005783799

Globalisation and Wage Differentials: A Spatial Analysis

Baddeley, M.; Fingleton, B. - Faculty of Economics, University of Cambridge - 2008

In this paper, we assess the Fujita, Krugman and Venables (FKV) nonlinear model of wage differentials. Using a spatial econometric model incorporating a spatial autoregressive error process, we estimate a quadratic form using cross-sectional data for 98 countries from 1970 to 2000. The evidence...

Persistent link: https://www.econbiz.de/10005783829

Productivity and Efficiency of US Gas Transmission Companies: A European Regulatory Perspective

Jamasb, T.; Pollitt, M.G.; Triebs, T. - Faculty of Economics, University of Cambridge - 2008

presented for changes in productivity, as well as for several convergence tests. The results indicate that taking productivity … and convergence as performance indicators, regulation has been rather successful, in particular during a period where …

Persistent link: https://www.econbiz.de/10005207828

On the Evolution of Regional Asymmetries

Giovannetti, E. - Faculty of Economics, University of Cambridge - 1999

The paper models the evolution of regional asymmetries, and the associated intra-distribution mobility, as the outcome of adoption decisions taken by firms at different locations. The following equilibria are characterised: Persistent asymmetry where nobody adopts, Leapfrogging where low-quality...

Persistent link: https://www.econbiz.de/10005113736

No Country for Old Men: Aging Dictators and Economic Growth

Jong-A-Pin, R.; Mierau, J. O. - Faculty of Economics, University of Cambridge - 2011

This paper develops a model of the relationship between the age of a dictator and economic growth. In the model a dictator must spread the resources of the economy over his reign but faces mortality and political risk. The model shows that if the time horizon of the dictator decreases, either...

Persistent link: https://www.econbiz.de/10009321790