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Adaptation to climate change and economic growth in developing countries

Millner, Antony; Dietz, Simon - London School of Economics (LSE) - 2015

Developing countries are vulnerable to the adverse effects of climate change, yet there is disagreement about what they should do to protect themselves from antic- ipated damages. In particular, it is unclear what the optimal balance is between investments in traditional productive capital...

Persistent link: https://www.econbiz.de/10011126276

Growth and the quality of foreign direct investment: is all FDI equal?

Alfaro, Laura; Charlton, Andrew - London School of Economics (LSE) - 2007

In this paper we distinguish different “qualities” of FDI to re-examine the relationship between FDI and growth. We use ‘quality’ to mean the effect of a unit of FDI on economic growth. However this is difficult to establish because it is a function of many different country and project...

Persistent link: https://www.econbiz.de/10011071122

The optimal consumption function in a Brownian model of accumulation part b: existence of solutions of boundary value problems

Foldes, Lucien - London School of Economics (LSE) - 2014

In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived sufficient conditions for optimality of a plan generated by...

Persistent link: https://www.econbiz.de/10011170087

The optimal consumption function in a Brownian model of accumulation. Part a: the consumption function as solution of a boundary value problem

Foldes, Lucien - London School of Economics (LSE) - 1996

Persistent link: https://www.econbiz.de/10010745818

Mapping prices into productivity in multisector growth models

Ngai, L. Rachel; Samaniego, Roberto M. - London School of Economics (LSE) - 2008

Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We demonstrate their quantitative significance for the case of...

Persistent link: https://www.econbiz.de/10010745978

The optimal consumption function in a Brownian model of accumulation. Part b: existence of solutions of boundary value problems

Foldes, Lucien - London School of Economics (LSE) - 1996

Persistent link: https://www.econbiz.de/10010746297

Tax cuts in open economies

Cunat, Alejandro; Deak, Szabolcs; Maffezzoli, Marco - London School of Economics (LSE) - 2008

A reduction in income tax rates generates substantial dynamic responses within the framework of the standard … neoclassical growth model. The short-run revenue loss after an income tax cut is partly - or, depending on parameter values, even … response of government revenue to tax cuts by a relevant amount. In our benchmark calibration, a reduction in the capital-income …

Persistent link: https://www.econbiz.de/10010746525

Cross-country growth comparison : theory to empirics

Quah, Danny - London School of Economics (LSE) - 2000

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct...

Persistent link: https://www.econbiz.de/10011071327

Twin peaks : growth and convergence in models of distribution dynamics

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

Convergence concerns poor economies catching up with rich ones. At is- sue is what happens to the cross sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to con- vergence...

Persistent link: https://www.econbiz.de/10010745108

The century of education

Morrison, Christian; Murtin, Fabrice - London School of Economics (LSE) - 2009

This paper presents a historical database on educational attainment in 74 countries for the period 1870-2010, using perpetual inventory methods before 1960 and then the Cohen and Soto (2007) database. The correlation between the two sets of average years of schooling in 1960 is equal to 0.96. We...

Persistent link: https://www.econbiz.de/10010745413