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Measuring the cost effectiveness of an R&D tax credit for the UK
Griffith, Rachel; Redding, Stephen; Van Reenen, John - London School of Economics (LSE) - 2001
This paper investigates the economic impact of the government's proposed new UK R&D tax credit. We measure the benefit of the credit by the effect on value added in the short and long_run. This is simulated from existing econometric estimates of the tax_price elasticity of R&D and the effect of...
Persistent link: https://www.econbiz.de/10010928789
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Aggregate growth and the efficiency of labour reallocation
Burgess, Simon; Mawson, Dan - London School of Economics (LSE) - 2003
We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient … labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth … data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to …
Persistent link: https://www.econbiz.de/10010746412
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Financial intermediation, variability and the development process
Carranza, Luis; Galdón-Sánchez, Jose E. - London School of Economics (LSE) - 2000
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
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Growth and inequality: a demographic explanation
Miyazawa, Kazutoshi - London School of Economics (LSE) - 2005
This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …
Persistent link: https://www.econbiz.de/10010928630
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Does relative income matter? Are the critics right?
Layard, Richard; Mayraz, Guy; Nickell, Stephen - London School of Economics (LSE) - 2009
Do other peoples’ incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is ‘Yes’....
Persistent link: https://www.econbiz.de/10011071479
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Inflation, inequality and social conflict
Crowe, Christopher - London School of Economics (LSE) - 2004
This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in terms of income. Agents’ income levels determine their ability to hedge against the effects of inflation. The interaction of heterogeneous cash holdings and preferences over...
Persistent link: https://www.econbiz.de/10010745045
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The long-term consequences of regional specialization
Michaels, Guy - London School of Economics (LSE) - 2006
The Long-Term Consequences of Regional Specialization* What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be costly in the long run,...
Persistent link: https://www.econbiz.de/10010744966
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The long term consequences of resource based specialization
Michaels, Guy - London School of Economics (LSE) - 2007
The Long-Term Consequences of Regional Specialization* What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be costly in the long run,...
Persistent link: https://www.econbiz.de/10010745354
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Medium and long run prospects for UK growth in the aftermath of the financial crisis
Oulton, Nicholas - London School of Economics (LSE) - 2013
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …
Persistent link: https://www.econbiz.de/10011126620
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Gender discrimination and growth: theory and evidence from India
Esteve-Volart, Berta - London School of Economics (LSE) - 2004
lower economic growth; and that the former also implies a reduction in per capita GDP, while the latter distorts the …
Persistent link: https://www.econbiz.de/10011071265