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Is the medical brain drain beneficial? Evidence from overseas doctors in the UK

Kangasniemi, Mari; Winters, L. Alan; Commander, Simon - London School of Economics (LSE) - 2004

The ¿beneficial brain drain¿ hypothesis suggests that skilled migration can be good for a sending country because the incentives it creates for training increase that country¿s supply of skilled labour. To work, this hypothesis requires that the degree of screening of migrants by the host...

Persistent link: https://www.econbiz.de/10011071143

Organizational climate and company productivity: the role of employee affect and employee level

Patterson, Malcolm; Warr, Peter; West, Michael - London School of Economics (LSE) - 2004

Consistent with a growing number of models about affect and behaviour and with a recognition that perception alone provides no impetus for action, it was predicted that associations between company climate and productivity would be mediated by average level of job satisfaction. In a study of 42...

Persistent link: https://www.econbiz.de/10011071389

Volatility and development

Koren, Miklos; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i) poor countries specialize in more volatile sectors; (ii) poor countries specialize in fewer sectors; (iii) poor countries experience more frequent and more severe aggregate shocks...

Persistent link: https://www.econbiz.de/10010744831

Diversification and synergies: effects on profitability

Bianca, Magda - London School of Economics (LSE) - 1997

This paper addresses the questions of the effects of diversification strategies on firms' profitability. Empirical … analyses do not seem to confirm the hypothesis that diversification is the optimal response to the presence of synergies and …

Persistent link: https://www.econbiz.de/10010744906

Non-farm diversification and rural poverty decline: a perspective from Indian sample survey and village study data

Himanshu, Himanshu; Lanjouw, Peter; Mukhopadhyay, Abhiroop - London School of Economics (LSE) - 2011

, it is only relatively recently that rural poverty decline has become strongly linked to diversification of the village …

Persistent link: https://www.econbiz.de/10010745048

Multiple-bank lending: diversification and free-riding in monitoring

Carletti, Elena; Cerasi, Vittoria; Daltung, Sonja - London School of Economics (LSE) - 2004

benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …

Persistent link: https://www.econbiz.de/10010745086

Diversification and delegation in firms

Cerasi, Vittoria; Daltung, Sonja - London School of Economics (LSE) - 2002

hazard between entrepreneurs and investors. Diversification could mitigate the moral hazard problem. However for a single … paper we show that delegation can be the only way to exploit the gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. …

Persistent link: https://www.econbiz.de/10010745110

Do rural banks matter? evidence from the Indian social banking experiment

Burgess, Robin; Pande, Rohini - London School of Economics (LSE) - 2003

Lack of access to finance is often cited as a key reason why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirial evidence on this issue. Between 1977 and 1990, the Indian Central Bank mandated that a commercial bank can open a branch in...

Persistent link: https://www.econbiz.de/10010745415

Are "market neutral" hedge funds really market neutral?

Patton, Andrew J. - London School of Economics (LSE) - 2004

One can consider the concept of market neutrality for hedge funds as having breadth and depth: breadth reflects the number of market risks to which a fund is neutral, while depth reflects the completeness of the neutrality of the fund to market risks. We focus on market neutrality depth, and...

Persistent link: https://www.econbiz.de/10010746652

Specialization and regional economic development

Kemeny, Thomas; Storper, Michael - London School of Economics (LSE) - 2012

Debates about urban growth and change often center on specialization.However, arguments linking specialization to metropolitan economic development contain diverse, and sometimes conflicting, claims. Is it better to be highly specialized or diversified? Does specialization refer to the absolute...

Persistent link: https://www.econbiz.de/10011126149