This paper examines young people’s exits from joblessness using recent survey datafor Northern Ireland. A reduced form search model is estimated, allowing for a fullyflexible specification of the baseline hazard function, with young people exitingjoblessness into either employment or education...

Detrended Total Factor Productivity (TFP), net of changes in capital utilization, fell by 3.3% after the Korean 1997 financial crisis. Detrended real GDP per working age person fell by 11.9%. We construct a two-sector small open economy model that can account for 30.0% of the fall in TFP in...

This paper contributes an estimation framework to measure both technological and linkage externalities from foreign direct investment (FDI). Empirical research dealt mainly with intra-industry spillovers from FDI with restrictive treatment of inter-industry effects until recently. However, as...

This paper takes a new look at the effects of mergers on innovation by analysing the relationship between ex-ante technological (and product) relatedness of acquirers and targets and post-merger performances. The analysis is conducted using data on consolidations in the pharmaceutical industry...

This paper examines the market entry of the UK’s largest retailer (Tesco) into the USA. Tesco’s launch of a new brand – Fresh & Easy Neighborhood Markets – in virgin territory is a bold move, notwithstanding the firm’s considerable success with its overseas investment strategy (which...

This paper describes and explains some of the principal trends in the wage and skill distribution in recent decades. Increases in wage inequality started in the US and UK at the end of the 1970s, but are now widespread. A good fraction of this inequality trend is due to technology-related...

A new series of Election Analyses is now available from the LSE?s Centre for Economic Performance (CEP). The series will discuss the research evidence on some of the key policy battlegrounds of the 2010 General Election, including macroeconomic policy, immigration, health, education, crime,...

The principal objective of this dissertation is to position the firm of N Hingley & Sons Limited in its rightful place in the economic history of the Black Country and of Britain in the period 1890 to 1918. As an original contribution to knowledge of the subject, the study focuses on a modestly...

The increase in unemployment in the United Kingdom that accompanied the Great Recession has been conspicuous by its moderation. The rise in joblessness is dwarfed by the recent experience of the United States, by past recessionary episodes in the U.K. and by the contraction in GDP in the U.K....

The aim of this thesis is to analyse the effect of unions on investment and innovation decisions, both at the theoretical and the empirical level. The theoretical analysis deals with the choice of adoption of a new technology in the presence of an oligopolistic product market. A duopoly is...