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The optimal consumption function in a Brownian model of accumulation. Part a: the consumption function as solution of a boundary value problem
Foldes, Lucien - London School of Economics (LSE) - 1996
Persistent link: https://www.econbiz.de/10010745818
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Mapping prices into productivity in multisector growth models
Ngai, L. Rachel; Samaniego, Roberto M. - London School of Economics (LSE) - 2008
Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We demonstrate their quantitative significance for the case of...
Persistent link: https://www.econbiz.de/10010745978
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The optimal consumption function in a Brownian model of accumulation. Part b: existence of solutions of boundary value problems
Foldes, Lucien - London School of Economics (LSE) - 1996
Persistent link: https://www.econbiz.de/10010746297
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Cross-country growth comparison : theory to empirics
Quah, Danny - London School of Economics (LSE) - 2000
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has …
Persistent link: https://www.econbiz.de/10011071327
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Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries
Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007
these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi …-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … with agency problems, imperfect product market competition and worker bargaining which makes clear predictions on how the …
Persistent link: https://www.econbiz.de/10010746486
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Tax cuts in open economies
Cunat, Alejandro; Deak, Szabolcs; Maffezzoli, Marco - London School of Economics (LSE) - 2008
A reduction in income tax rates generates substantial dynamic responses within the framework of the standard neoclassical growth model. The short-run revenue loss after an income tax cut is partly - or, depending on parameter values, even completely - offset by growth in the long-run, due to the...
Persistent link: https://www.econbiz.de/10010746525
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The optimal consumption function in a Brownian model of accumulation part b: existence of solutions of boundary value problems
Foldes, Lucien - London School of Economics (LSE) - 2014
In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived sufficient conditions for optimality of a plan generated by...
Persistent link: https://www.econbiz.de/10011170087
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Profit share and returns on capital stock in Italy: the role of privatisations behind the rise of the 1990s
Torrini, Roberto - London School of Economics (LSE) - 2005
manufacturing, which is more exposed to international competition, declined, together with the returns on capital stock, but …
Persistent link: https://www.econbiz.de/10010745192
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Competition and incentives with motivated agents
Besley, Timothy; Ghatak, Maitreesh - London School of Economics (LSE) - 2003
innovations. The framework developed in this paper is applied to school competition, incentives in the public sector and in …
Persistent link: https://www.econbiz.de/10010745867
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Changes in wage inequality
Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2007
We examine trends in wage inequality in the US and other countries over the past four decades. We show that there has been a secular increase in the 90-50 wage differential in the US and the UK since the late 1970s. By contrast the 50-10 differential rose mainly in the 1980s and flattened or...
Persistent link: https://www.econbiz.de/10010746032