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The territorial dynamics of innovation in China and India
Crescenzi, Riccardo; Rodríguez-Pose, Andrés; Storper, … - London School of Economics (LSE) - 2012
This article analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …. Innovative areas in China, rather than generate knowledge spillovers, seem to produce strong backwash effects. In India, by …
Persistent link: https://www.econbiz.de/10011125988
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Capitalization of central government grants into local house prices: panel data evidence from England
Hilber, Christian A. L.; Lyytikainen, Teemu; Vermeulen, … - London School of Economics (LSE) - 2010
We explore the impact of central government grants on local house prices in England using a panel data set of local authorities (LAs) from 2001 to 2008. Electoral targeting of grants to LAs by the incumbent national government provides an exogenous source of variation in grants that we exploit...
Persistent link: https://www.econbiz.de/10010745191
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Office space supply restrictions in Britain: the political economy of market revenge
Cheshire, Paul; Hilber, Christian A.L. - London School of Economics (LSE) - 2008
Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British office locations from 1961 to 2005. These are orders of magnitude greater than estimates for Manhattan condominiums or office...
Persistent link: https://www.econbiz.de/10010745655
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Office space supply restrictions in Britain: the political economy of market revenge
Cheshire, Paul; Hilber, Christian A.L. - London School of Economics (LSE) - 2007
Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British office locations from 1961 to 2005. These are orders of magnitude greater than estimates for Manhattan condominiums or office...
Persistent link: https://www.econbiz.de/10010745742
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To join or not to join? Factors influencing employee share plan membership in a multinational corporation
Bryson, Alex; Freeman, Richard B. - London School of Economics (LSE) - 2010
Many firms encourage employees to own company stock through share plans that subsidizethe price at favorable rates, but even so many employees do not buy shares. Using a newsurvey of employees in a multinational with a share ownership plan, we find considerablevariation in joining among...
Persistent link: https://www.econbiz.de/10010745984
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'Iconic design' as deadweight loss: rent acquisition by design in the constrained London office market
Cheshire, Paul; Dericks, Gerard - London School of Economics (LSE) - 2014
Britain’s land use regulation (planning) system imposes very tight restrictions on the supply of office space so creating substantial rents. An unmeasured part of the costs associated with these restrictions likely comes from compliance costs, one form of which could be rent-seeking activity...
Persistent link: https://www.econbiz.de/10011125889
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On the relative importance of agglomeration economies in the location of FDI across British regions
Jones, Jonathan; Wren, Colin - London School of Economics (LSE) - 2011
The paper examines the relative importance for industrial location of production linkages and knowledge spillovers, distinguishing between intermediate and non-intermediate goods that are backwards or forwards in nature. A novel approach is used to construct proxies for non-intermediate goods at...
Persistent link: https://www.econbiz.de/10011125954
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Sticks and carrots
Cowell, Frank - London School of Economics (LSE) - 2003
The tax-payer-as-gambler (TAG) model of tax non-compliance is the classic vehicle for providing some simple insights. Under fairly general conditions this model supports the following four propositions: (1) if the rate of return to evasion is positive everyone evades tax; (2) people with higher...
Persistent link: https://www.econbiz.de/10011071195
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Optimal external debt and default
Guimaraes, Bernardo - London School of Economics (LSE) - 2008
This paper analyses whether sovereign default episodes can be seen as contingencies of optimal international lending contracts. The model considers a small open economy with capital accumulation and without commitment to repay debt. Taking first order approximations of Bellman equations, I...
Persistent link: https://www.econbiz.de/10010744981
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The impact of trade on aggregate productivity and welfare with heterogeneous firms and business cycle uncertainty
Thia, Jang Ping - London School of Economics (LSE) - 2008
This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit when faced with a negative aggregate shock. Consequently, trade does not always increase firm-level...
Persistent link: https://www.econbiz.de/10010745558