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Bar-Isaac, Heski - London School of Economics (LSE) - 2001

We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...

Persistent link: https://www.econbiz.de/10010746467

Delayed doves: MPC voting behaviour of externals

Hansen, Stephen; McMahon, Michael - London School of Economics (LSE) - 2008

The use of independent committees for the setting of interest rates, such as the Monetary Policy Committee (MPC) at the Bank of England, is quickly becoming the norm in developed economies. In this paper we examine the issue of appointing external members (members who are outside the staff of...

Persistent link: https://www.econbiz.de/10010746572

Timeliness, trade and agglomeration

Harrigan, James; Venables, Tony - London School of Economics (LSE) - 2004

An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt...

Persistent link: https://www.econbiz.de/10010884687

Empirics for growth and distribution

Quah, Danny - London School of Economics (LSE) - 1997

This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an \emerging twin peaks" in the cross-sectional distribution,...

Persistent link: https://www.econbiz.de/10010928725

On the detrimental impact of visa restrictions on bilateral trade and foreign direct investment

Neumayer, Eric - London School of Economics (LSE) - 2011

This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI …, which is detrimental to trade and FDI. Employing a standard gravity-type model in a global dyadic country sample, I estimate … place by the partner country, this lowers bilateral trade and FDI by up to 19 and 25 per cent, respectively. If both …

Persistent link: https://www.econbiz.de/10010744803

Did globalisation aid industrial development in colonial India? A study of knowledge transfer in the iron industry

Roy, Tirthankar - London School of Economics (LSE) - 2009

The article explores the link between international economic integration and technological capability in colonial India. The example of the iron industry shows that many new ideas and skills flowed into India from Europe, but not all met with commercial success. The essay suggests a reason why....

Persistent link: https://www.econbiz.de/10010744845

The effect of trade on the demand for skill - evidence from the interstate highway system

Michaels, Guy - London School of Economics (LSE) - 2006

Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the … labor market consequences of increased international trade. The advent of the United States Interstate Highway System … provides a unique policy experiment, which I use to identify the effect of reducing trade barriers on the relative demand for …

Persistent link: https://www.econbiz.de/10010745495

Hundi/hawala: the problem of definition

Martin, Marina B.V. - London School of Economics (LSE) - 2009

of functions, but whose central purpose is trade. …

Persistent link: https://www.econbiz.de/10010745765

The effect of trade on the demand for skill - evidence from the interstate highway system

Michaels, Guy - London School of Economics (LSE) - 2007

Persistent link: https://www.econbiz.de/10010745883

Changes in wage inequality

Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2007

minimum wage and trade unions) continues to offer the best explanation for the observed patterns of change. …

Persistent link: https://www.econbiz.de/10010746032