Similar Search Results

Uncertainty and leveraged Lucas Trees: the cross section of equilibrium volatility risk premia

Vedolin, Andrea - London School of Economics (LSE) - 2012

orchard with heterogeneous beliefs, stochastic macro-economic uncertainty, and default risk. I study two manifestations of … uncertainty, namely (i) agents’ disagreement and (ii) time-varying volatility of fundamental growth rates. The paper shows that … moments of the risk premium distribution. Together with uncertainty, default risk associated with levered trees implies a non …

Persistent link: https://www.econbiz.de/10010745732

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

Valuation and evaluation: measuring the quality of life and evaluating policy

Dasgupta, Partha - London School of Economics (LSE) - 2000

This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of measuring and evaluating. In Part II (Sections 4-7) I identify a minimal set...

Persistent link: https://www.econbiz.de/10010746162

Mapping the two faces of R&D : productivity growth in a panel of OECD industries

Griffith, Rachel; Redding, Stephen; Van Reenen, John - London School of Economics (LSE) - 2000

Persistent link: https://www.econbiz.de/10010884706

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Chenggang, Xu - London School of Economics (LSE) - 2004

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...

Persistent link: https://www.econbiz.de/10010928613

Dynastic management

Caselli, Francesco; Gennaioli, Nicola - London School of Economics (LSE) - 2006

The most striking difference in corporate-governance arrangements between rich and poor countries is that the latter rely much more heavily on the dynastic family firm, where ownership and control are passed on from one generation to the other. We argue that if the heir to the family firm has no...

Persistent link: https://www.econbiz.de/10010928662

Can labour regulation hinder economic performance? Evidence from India

Besley, Timothy; Burgess, Robin - London School of Economics (LSE) - 2002

This paper investigates whether the industrial relations climate in Indian States has affected the pattern of manufacturing growth in the period 1958-92. We show that pro-worker amendments to the Industrial Disputes Act are associated with lowered investment, employment, productivity and output...

Persistent link: https://www.econbiz.de/10010928668

The role of freedom, growth and religion in the taste for revolution

MacCulloch, Robert; Pezzini, Silvia - London School of Economics (LSE) - 2002

A fundamental issue for economists is what determines civil conflict. One unsettled question is the relative importance of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro-data based on surveys of revolutionary preferences of...

Persistent link: https://www.econbiz.de/10010928706

Foreign direct investment into transition economies: are the Balkans different?

Estrin, Saul; Uvalic, Milica - London School of Economics (LSE) - 2013

The paper explores the determination of foreign direct investment (FDI) into the Balkan transition economies – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania and Serbia. Detailed FDI inflows to Southeast Europe (SEE) are analysed to determine the main...

Persistent link: https://www.econbiz.de/10010745016

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Xu, Cheng-Gang - London School of Economics (LSE) - 2004

Persistent link: https://www.econbiz.de/10010745283