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The economics of poverty in poor countries
Dasgupta, Partha - London School of Economics (LSE) - 1998
This article examines the links that have recently been studied between poverty, high fertility and undernourishment, on the one hand, and degradation of the local environmental-resource base and civic disconnection, on the other, in poor countries. An account is offered of a number of pathways...
Persistent link: https://www.econbiz.de/10010745075
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The political economy of inclusive rural growth
Carter, Michael; Morrow, John - London School of Economics (LSE) - 2014
Abstract Commentators on the `East Asian Miracle' of inclusive growth have often pointed toward shared rural growth policies. But why were these policies not chosen elsewhere? This paper models voters who invest in either subsistence or a complex technology in which public goods complement...
Persistent link: https://www.econbiz.de/10011126587
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The contribution of schooling in development accounting: results from a nonparametric upper bound
Caselli, Francesco; Ciccone, Antonio - London School of Economics (LSE) - 2013
How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach...
Persistent link: https://www.econbiz.de/10010745364
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The Clean Development Mechanism: too flexible to produce sustainable development benefits?
Watson, Charlene; Fankhauser, Samuel - London School of Economics (LSE) - 2009
The Clean Development Mechanism (CDM) of the Kyoto Protocol has a dual objective: to encourage low-cost emission reduction and to promote sustainable development in the host countries of CDM projects. The CDM has by and large delivered on the first objective but arguably not on the second. This...
Persistent link: https://www.econbiz.de/10010744944
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Climate policy under sustainable discounted utilitarianism
Dietz, Simon; Asheim, Geir B. - London School of Economics (LSE) - 2011
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is contro-versial, both due to the conditions through which it is justifed and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10010745973
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Leader behavior and the natural resource curse
Caselli, Francesco; Cunningham, Tom - London School of Economics (LSE) - 2009
We discuss political economy mechanisms which can explain the resource curse, in which an increase in the size of resource rents causes a decrease in the economy’s total value added. We identify a number of channels through which resource rents will alter the incentives of a political leader....
Persistent link: https://www.econbiz.de/10010745679
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Do oil windfalls improve living standards?: evidence from Brazil
Caselli, Francesco; Michaels, Guy - London School of Economics (LSE) - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10010746388
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Understanding the adaptation deficit: why are poor countries more vulnerable to climate events than rich countries?
Fankhauser, Samuel; McDermott, Thomas K. J. - London School of Economics (LSE) - 2014
” increases with income, and an efficiency effect, which works as a spill-over externality on the supply-side: Adaptation … climate-related extreme events, tropical cyclones and floods. Evidence on the efficiency effect is more equivocal. There are … efficiency. In terms of policy, we conclude that inclusive growth policies (which boost adaptation demand) should be an important …
Persistent link: https://www.econbiz.de/10011126706
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Estimating the rational expectations model of speculative storage : a Monte Carlo comparison of three simulation estimators
Michaelides, Alexander; Ng, Serena - London School of Economics (LSE) - 2000
The non-negativity constraint on inventories imposed on the rational expectations theory of speculative storage implies that the conditional mean and variance of commodity prices are non-linear in lagged prices and have a kink at a threshold point. In this paper, the structural parameters of...
Persistent link: https://www.econbiz.de/10010928703
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Regulatory experiments: putting GM crops and financial markets on trial
Lezaun, Javier; Millo, Yuval - London School of Economics (LSE) - 2005
Sometimes regulators become experimenters: they try ideas out before implementing them, put novel schemes to the test in order to predict their likely impact, or conduct pilot programmes before executing new policies. Regulators find experiments very expedient, as they allow them to forecast the...
Persistent link: https://www.econbiz.de/10010745255