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Does cultural diversity help innovation in cities: evidence from London firms

Lee, Neil; Nathan, Max - London School of Economics (LSE) - 2011

London is one of the world’s major cities, and one of its most diverse. London’s cultural diversity is widely seen as a social asset, but there is little hard evidence on its importance for the city’s businesses. Theory and evidence suggest various links between urban cultural diversity...

Persistent link: https://www.econbiz.de/10010745829

Entrepreneurship: can the Jack-of-all-trades attitude be acquired?

Silva, Olmo - London School of Economics (LSE) - 2004

Entrepreneurs are believed to be the ultimate engine of modern economic systems. Yet, the study of entrepreneurship suffers from the lack of consensus on the most crucial question: what makes an entrepreneur? A recent theory developed by Edward Lazear suggests that individuals mastering a...

Persistent link: https://www.econbiz.de/10010746173

Ethnic inventors, diversity and innovation in the UK: evidence from patents microdata

Nathan, Max - London School of Economics (LSE) - 2011

Ethnic inventors play important roles in US innovation systems, especially in high-tech regions like Silicon Valley. Do ‘ethnicity-innovation’ channels exist elsewhere? This paper investigates, using a new panel of UK patents microdata. In theory, ethnicity might affect positively innovation...

Persistent link: https://www.econbiz.de/10011126072

Here be startups: exploring a young digital cluster in inner East London

Nathan, Max; Vandore, Emma - London School of Economics (LSE) - 2013

The digital industries cluster known as 'Silicon Roundabout' has been quietly growing in East London since the 1990s. Now rebranded 'Tech City', it is now the focus of huge public and government attention. National and local policymakers wish to accelerate the local area's development: such...

Persistent link: https://www.econbiz.de/10011126076

Foreign direct investment and domestic entrepreneurship: blessing or curse?

Estrin, Saul; Hülya Danakol, Seçil; Reynolds, Paul; … - London School of Economics (LSE) - 2014

This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro‐panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...

Persistent link: https://www.econbiz.de/10011126345

The growth potential of startups over the business cycle

Sedlacek, Petr; Sterk, Vincent - London School of Economics (LSE) - 2014

This paper shows that job creation of cohorts of U.S. firms is strongly influenced by aggregate conditions at the time of their entry. Using data from the Business Dynamics Statistics (BDS) we follow cohorts of young firms and document that their employment levels are very persistent and largely...

Persistent link: https://www.econbiz.de/10011126359

Cultural diversity, cities and innovation: firm effects or city effects?

Lee, Neil - London School of Economics (LSE) - 2013

Growing cultural diversity is seen as important for innovation. Research has focused on two potential mechanisms: a firm effect, with diversity at the firm level improving knowledge sourcing or ideas generation, and a city effect, where diverse cities helping firms innovate. This paper uses a...

Persistent link: https://www.econbiz.de/10011126722

The variance of firm growth rates: the ''scaling'' puzzle

Sutton, John - London School of Economics (LSE) - 2001

Certain recently reported statistical regularities relating to the dispersion of firms' growth rates have begun to attract attention among IO economists. These relationships take the form of power law or scaling relationships and this has led to suggestions that the underlying mechanisms which...

Persistent link: https://www.econbiz.de/10010928814

Can firms grow without credit?: evidence from the Euro Area, 2005-2011: a quantile panel analysis

Dimelis, Sophia; Giotopoulos, Ioannis; Louri, Helen - London School of Economics (LSE) - 2015

This paper explores the effects of bank credit on firm growth before and after the recent financial crisis, taking into account different structural characteristics of banking sectors and domestic economies. Panel quantile analysis is used on a sample of 2075 euro area firms in 2005-2011. The...

Persistent link: https://www.econbiz.de/10011198539

Efficiency rents of storage plants in peak-load pricing, ii: hydroelectricity

Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 1999

a hydroelectric plant from the operating profit. Our earlier analysis of pumped storage (of energy and other cyclically … electricity, the profit-imputed hydro values are uniquely determined - unlike the corresponding values imputed from fuel savings … short-run profit is then differentiable in all the fixed inputs, so that unique and separate marginal values can be imputed …

Persistent link: https://www.econbiz.de/10010928665