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作者：Abramovsky, Laura; Harrison, Rupert; Simpson, Helen
作者单位：University of London; University College London; University of Oxford
摘要：We investigate the relationship between the location of private sector R&D labs and university research departments in Great Britain. We combine establishment-level data on R&D activity with information on levels and changes in research quality from the Research Assessment Exercise. The strongest evidence for co-location is for pharmaceuticals R&D, which is disproportionately located near to relevant university research, particularly 5 or 5* rated chemistry departments. This relationship is st...
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作者：Pischke, Joern-Steffen
作者单位：University of London; London School Economics & Political Science
摘要：This article investigates how changing the length of the school year, leaving the basic curriculum unchanged, affects learning and subsequent earnings. I use variation introduced by the West German short school years in 1966-7, which exposed some students to a total of about two thirds of a year less of schooling while enrolled. I find that the short school years increased grade repetition in primary school and led to fewer students attending higher secondary school tracks. On the other hand, ...
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作者：Canova, Fabio; Pappa, Evi
作者单位：Pompeu Fabra University; Autonomous University of Barcelona; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
摘要：We study the effect of regional expenditure and revenue shocks on price differentials for 47 US states and 9 EU countries. We identify shocks using sign restrictions on the dynamics of expenditures, revenues, deficits and output and construct two estimates for structural price differentials dynamics, one for the average and one for each unit, which optimally weight information contained in the data for all units. On average, expansionary fiscal disturbances produce positive, while distortionar...
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作者：Blanden, Jo; Gregg, Paul; Macmillan, Lindsey
作者单位：University of Surrey; University of London; London School Economics & Political Science; University of Bristol; University of Bristol
摘要：We analyse in detail the factors that lead to intergenerational persistence among sons, where this is measured as the association between childhood family income and later adult earnings. We seek to account for the level of income persistence in the 1970 BCS cohort and also to explore the decline in mobility in the UK between the 1958 NCDS cohort and the 1970 cohort. The mediating factors considered are cognitive skills, non-cognitive traits, educational attainment and labour market attachment...
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作者：Canova, Fabio; Gambetti, Luca; Pappa, Evi
作者单位：Autonomous University of Barcelona; Pompeu Fabra University; ICREA; Centre de Recerca en Economia Internacional (CREI); Autonomous University of Barcelona; Autonomous University of Barcelona; Autonomous University of Barcelona; Universita di Modena e Reggio Emilia
摘要：We examine the dynamics of output growth and inflation in the US, Euro area and UK using a structural time varying coefficient VAR. There are important similarities in structural inflation dynamics across countries; output growth dynamics differ. Swings in the magnitude of inflation and output growth volatilities and persistences are accounted for by a combination of three structural shocks. Changes over time in the structure of the economy are limited and permanent variations largely absent. ...
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作者：Greenaway, David; Kneller, Richard
作者单位：University of Nottingham
摘要：A rapidly expanding literature on firm heterogeneity and firm level globalisation strategies has developed over the last decade. There are new insights on why some firms export and others do not, why some firms fail to survive in export markets and some choose to produce overseas rather than export. This article provides a synthesis and evaluation of this literature. It reviews both new theories of firms in an open economy context and the extensive microeconometric evidence base, which has now...
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作者：Gintis, Herbert
摘要：The Walrasian general equilibrium model is the centrepiece of modern economic theory, but progress in understanding its dynamical properties has been meagre. This article shows that the instability of Walras' tatonnement process is due to the public nature of prices, which leads to excessive correlation in the behaviour of economic agents. When prices are private information, a dynamic with a globally stable stationary state obtains in economies that are unstable in the tatonnment process. We ...
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作者：Bruni, Luigino; Sugden, Robert
作者单位：University of Milano-Bicocca; University of East Anglia
摘要：This article explores parallels between the debate prompted by Pareto's reformulation of choice theory at the beginning of the twentieth century and current controversies about the status of behavioural economics. Before Pareto's reformulation, neoclassical economics was based on theoretical and experimental psychology, as behavioural economics now is. Current 'discovered preference' defences of rational-choice theory echo arguments made by Pareto. Both treat economics as a separate science of...
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作者：Guiso, Luigi; Schivardi, Fabiano
作者单位：University of Rome Tor Vergata; University of Cagliari
摘要：We study the role of social interaction (SI) in determining firms' employment adjustments in industrial districts. We assume that SI matters only among firms that are both similar and geographically close. Our first test of this assumption is based on the correlation between individual and aggregate measures of employment adjustments. Exploiting the richness of our data, we directly address the problems of self-selection and unobserved common shocks that plague most of the empirical literature...
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作者：Koeniger, Winfried; Prat, Julien
作者单位：IZA Institute Labor Economics; University of Bonn; University of Vienna
摘要：Why are firm and job turnover rates so similar across OECD countries? We argue that this may be due to the joint regulation of product and labour markets. For our analysis, we build a stochastic equilibrium model with search frictions and heterogeneous multiple-worker firms. This allows us to distinguish firm entry and exit from hiring and firing in a model with equilibrium unemployment. We show that firing costs, sunk entry costs and bureaucratic flow costs have countervailing effects on firm...
