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Private investment and political uncertainty

Stasavage, David - London School of Economics (LSE) - 2000

Recent theoretical and empirical work has demonstrated a clear negative link between macroeconomic and political uncertainty and levels of private investment across countries. This result raises the question what institutions might help reduce this uncertainty, in particular by allowing host...

Persistent link: https://www.econbiz.de/10010745744

Greece in recession: economic predictions, mispredictions and policy implications

Petralias, Athanassios; Petros, Sotirios; Prodromídis, … - London School of Economics (LSE) - 2013

We look into the available macroeconomic figures and the predictions made about the recession in Greece by international organizations, Greek research centers, and the Greek government; and suggest that the predictions regarding the decline in real GDP in recent years were overly optimistic. The...

Persistent link: https://www.econbiz.de/10011071440

Convergence as distribution dynamics (with or without growth)

Quah, Danny - London School of Economics (LSE) - 1996

Convergence concerns the poor catching up with the rich|if not instan- taneously, then at least having a tendency to do so. When poor and rich here refer to entire economies, then whether convergence occurs is traditionally viewed as just a side consequence of a more central ques- tion, namely...

Persistent link: https://www.econbiz.de/10010928784

Fitting log-linear models to contingency tables from surveys with complex sampling designs: an investigation of the Clogg-Eliason approach

Skinner, Chris J.; Vallet, L.-A. - London School of Economics (LSE) - 2010

Clogg and Eliason (1987) proposed a simple method for taking account of survey weights when fitting log-linear models to contingency tables. This article investigates the properties of this method. A rationale is provided for the method when the weights are constant within the cells of the...

Persistent link: https://www.econbiz.de/10010745738

The log of gravity

Santos Silva, Joao; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: the standard practice of interpreting the parameters of log-linearized models estimated by ordinary least squares as elasticities can be highly misleading...

Persistent link: https://www.econbiz.de/10010746706

Instrumental variables for binary treatments with heterogeneous treatment effects: a simple exposition

Manning, Alan - London School of Economics (LSE) - 2004

This note provides a simple exposition of what IV can and cannot estimate in a model with a binary treatment variable and heterogeneous treatment effects. It shows how linear IV is a misspecification of functional form and the reason why linear IV estimates for this model will always depend on...

Persistent link: https://www.econbiz.de/10010746568

Strategic patenting and software innovation

Noel, Michael; Schankerman, Mark - London School of Economics (LSE) - 2006

Strategic patenting is widely believed to raise the costs of innovating, especially in industries characterised by … cumulative innovation. This paper studies the effects of strategic patenting on R&D, patenting and market value in the computer … evidence that both strategic patenting and R&D spillovers strongly affect innovation and market value of software firms. …

Persistent link: https://www.econbiz.de/10010744919

A trapped factors model of innovation

Bloom, Nicholas; Romer, Paul; Terry, Stephen; Van … - London School of Economics (LSE) - 2013

When will reducing trade barriers against a low wage country cause innovation to increase in high wage regions like the US or EU? We develop a model where factors of production have costs of adjustment and so are partially “trapped” in producing old goods. Trade liberalization with a low...

Persistent link: https://www.econbiz.de/10010745467

Entry, standards and competition : firm strategies and the diffusion of mobile telephony

Koski, Heli; Kretschmer, Tobias - London School of Economics (LSE) - 2005

This paper studies the effects of a country’s regulatory setting and competitive environment on the performance of second-generation (2G) mobile telecommunication. We consider three dimensions of sector performance: entry time, service prices and diffusion. We address the question of...

Persistent link: https://www.econbiz.de/10010746333

Strategic patenting and software innovation

Noel, Michael; Schankerman, Mark - London School of Economics (LSE) - 2006

Persistent link: https://www.econbiz.de/10010746431

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