Economics

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    Good management improves productivity, but it may worsen environmental performance

Good management improves productivity, but it may worsen environmental performance

The reduction of greenhouse gas (GHG) emissions is an increasingly important policy objective for many governments, both in developed and developing economies. This is reflected, among other things, in the emergence of energy efficiency as a high-priority topic on the policy agenda.

In manufacturing – one of the key sectors from the point of view of GHG emissions and energy […]

December 11th, 2019|Economics, Environment|0 Comments|
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    Silicon Roundabout: did light touch policy interventions work?

Silicon Roundabout: did light touch policy interventions work?

London’s technology ecosystem is thriving. The city has over 50,000 tech firms, with over 260,000 employees. Venture capital investment rose from £384 million in 2013 to £1.8 billion in 2018. A number of companies, such as Deepmind, Transferwise and Deliveroo, have become unicorns, valued at more than £1 billion. It survived the financial crisis and is — so far […]

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    From workers to capitalists in less than two generations: the Chinese urban elite

From workers to capitalists in less than two generations: the Chinese urban elite

The transformation of China from a poor and egalitarian country to an upper middle-income country with the level of income inequality greater than in the United States has been the subject of innumerable publications. The Chinese transformation is a unique event in world economic history: never have so many people over such a relatively short period of time increased […]

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    Researchers’ advice to stress-prone entrepreneurs: learn to manage your insomnia, and sleep!

Researchers’ advice to stress-prone entrepreneurs: learn to manage your insomnia, and sleep!

When entrepreneurs start a new venture, they enter a demanding, changing and emotional process. To navigate through this process, they need to have their batteries fully charged, with positive feelings and emotions, as this will help ensure good health. Conversely, it seems plausible to think that, as chronic insomnia increases stress levels and negative emotions, this will have an adverse […]

December 6th, 2019|Entrepreneurship|0 Comments|

Regulation, institutions and economic growth

I investigate a number of questions related to the drivers of per capita income levels for a large set of countries and a narrower set of OECD countries. First, I seek to figure out whether, and if so to what extent, product and labour market regulations and policies affect per capita income levels. Second, I aim to understand whether policy […]

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    To meet its ambitious ‘net zero’ target, the UK will need to ramp up climate change policies

To meet its ambitious ‘net zero’ target, the UK will need to ramp up climate change policies

UK greenhouse gas emissions are declining and have been declining for some time. The UK has a framework of long-run targets developed by the Committee on Climate Change, an independent body of experts advising government. Despite this, things are far from well when it comes to climate change in the UK and there are concerns about the country’s ability […]

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    Brexit will leave the UK worse off economically in all scenarios

Brexit will leave the UK worse off economically in all scenarios

Since the UK voted to leave the European Union in June 2016, Brexit has dominated UK politics and economic policy. Three and a half years after the referendum, the UK is yet to leave the EU, there is no certainty over if or when Brexit will take place, and the shape of future UK-EU relations is yet to be […]

Playing at Dr Jekyll and Mr Hyde: the UK job market

The UK labour market, at first glance, seems to be playing at Dr Jekyll and Mr Hyde. Employment (in terms of both levels and rates) is at record highs, yet wage growth has been extraordinarily weak. One view is that these are opposite sides of the same coin. Another, more nuanced standpoint is that record employment is hiding a […]

November 27th, 2019|Economics|0 Comments|
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    John Van Reenen: ‘A lot of promises are just smoke and mirrors’

John Van Reenen: ‘A lot of promises are just smoke and mirrors’

As director of LSE’s Centre for Economic Performance (CEP) up to 2016, British economist John Van Reenen led a team of academic researchers who produced detailed analysis of the consequences a divorce from the European Union would have on the UK economy. They predicted a fall in GDP, employment, direct investment, wages and productivity. Of these indicators, only employment […]

Economic insecurity breeds support for the right

Economic insecurity is attracting growing attention in social, academic, and policy circles. It has arguably risen for a number of reasons in recent years: the Great Recession (with its associated job instability), automation and the fear of job loss, the Chinese import shock, and ageing populations and migration, amongst others. As well as its obvious implications for family finances […]

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    Eurosceptic votes are less likely when EU interventions visibly boost local job markets

Eurosceptic votes are less likely when EU interventions visibly boost local job markets

Anti-systemic political movements have emerged in recent years in a large number of countries across the globe. These parties generally fuel their public support with anti-elite and anti-establishment rhetoric, which in Europe often translates into a strong critique to the European Union and its institutions. The EU is regarded by the supporters of anti-system movements as distant from the […]

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    Goulash reforms: tracking thirty years of labour law changes in Hungary 

Goulash reforms: tracking thirty years of labour law changes in Hungary 

Labour market reforms are notoriously difficult to grasp, especially compared to other reforms such as trade or financial liberalisation. One can argue that this is because labour reforms are broader in that they affect directly the whole working population, while, say, trade and financial reforms directly affect mostly tradables and financial sectors, respectively. This may explain why labour reforms […]

November 11th, 2019|Economics|0 Comments|

How to improve social mobility

Talking social mobility is easy; addressing it is hard. In our book, Social Mobility and Its Enemies, we argued that the prospects for social mobility in Britain are bleak. Declining real wages signal shrinking opportunities. Inequalities in income, wealth, housing and education are biting. Problems of social justice and social mobility are two sides of the same coin. We […]

November 9th, 2019|Economics|1 Comment|
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    Crowdfunding: the importance of people’s search for higher meaning

Crowdfunding: the importance of people’s search for higher meaning

Have you ever stopped to think why people participate in philanthropic activities — willing to give from their own time and money, make efforts, and receive nothing in return?

Crowdfunding is an important exponential growing phenomenon, which raised $34.4 billion in 2017. Therefore, studying motivations and factors that influence monetary support decision within it is essential. My Lab and field […]

November 6th, 2019|Economics|2 Comments|

The gender pay gap among economists in the UK

The relative position of women in academic economics has increased dramatically over the last two decades. Nevertheless, in 2016 women held only 16 per cent of the chairs in the UK. Unlike the STEM (science, technology, engineering and mathematics) disciplines with similarly low female participation rates, economics has attracted very little attention from university governing bodies or publicly funded […]

November 5th, 2019|Economics, Gender|0 Comments|
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    Can a post-Brexit UK trade more in financial services with ASEAN?

Can a post-Brexit UK trade more in financial services with ASEAN?

One of the purported prizes of Brexit is the ability of the United Kingdom to strike free trade agreements with the world outside the European Union. The presumption is that those agreements would benefit the UK’s export basket, a principal component of which is financial services. It is therefore instructive to anticipate and stress-test the feasibility of such deals […]

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    How married men and women in the US use their time has changed over the years

How married men and women in the US use their time has changed over the years

I draw data for multiple cohorts of American men and women in the Panel Study of Income Dynamics (the longest running longitudinal household survey in the world) and the Multinational Time Use Study to understand how married people use their time.

Women born in 1935, such as Jane Fonda, worked for pay for about 800 hours per year – 16 […]

October 23rd, 2019|Economics, Gender|0 Comments|
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    Renting factories: an industrial trend that complicates economic measurement

Renting factories: an industrial trend that complicates economic measurement

Did you know that Mercedes does not actually produce its heavy-duty G-Class? To be fair, it does keep design, development and marketing of the SUV in-house, but the vehicle is entirely built in the factory of Magna Steyr, a contract manufacturer based in Graz, Austria. In the same plant one will also find entire production lines for the Jaguar […]

October 21st, 2019|Economics|0 Comments|
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    The UK and EU face the consequences of the US-China trade war

The UK and EU face the consequences of the US-China trade war

The world’s two biggest economies – the United States and China – have been engulfed in a trade war for the last couple of years. Like most Western countries, the United States denounces China for stealing US intellectual property, criticises it for engaging in unfair competition on world markets through subsidies and state-owned enterprises (SOEs) and finally laments insufficient […]

Give us the right to choose

On Saturday 19 October 2019, the UK Parliament faces a historic choice over whether or not to vote through the new deal agreed by Boris Johnson and the European Union. Members should demand that the Johnson deal be put to the people against the alternative of a much better deal – remaining in the EU.

This People’s Vote is demanded […]

October 18th, 2019|CEP, Economics, LSE Authors|0 Comments|