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Financial institutions and the wealth of nations: tales of development

Tong, Jian; Chenggang, Xu - London School of Economics (LSE) - 2004

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...

Persistent link: https://www.econbiz.de/10010928613

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Xu, Cheng-Gang - London School of Economics (LSE) - 2004

Persistent link: https://www.econbiz.de/10010745283

The contribution of schooling in development accounting: results from a nonparametric upper bound

Caselli, Francesco; Ciccone, Antonio - London School of Economics (LSE) - 2013

How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach...

Persistent link: https://www.econbiz.de/10010745364

Multinationals and US productivity leadership: evidence from Great Britain

Criscuolo, Chiara; Martin, Ralf - London School of Economics (LSE) - 2005

We study the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs, we find that UK MNEs are less productive than US affiliates, but as productive as non US foreign affiliates. We investigate the source of the US and MNE advantage. We find...

Persistent link: https://www.econbiz.de/10010884622

The impact of private ownership, incentives and local development objectives on university technology transfer performance

Belenzon, Sharon; Schankerman, Mark - London School of Economics (LSE) - 2007

We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We...

Persistent link: https://www.econbiz.de/10010744928

A general analysis of sequential merger games with an application to cross-border mergers

Salvo, Alberto - London School of Economics (LSE) - 2004

This paper seeks to uncover why the pattern of equilibria in sequential merger games of a certain type is similar across a fairly wide class of models much studied in the literature. By developing general conditions characterising each element of the set of possible equilibria, I show that the...

Persistent link: https://www.econbiz.de/10010745143

Identifying technology spillovers and product market rivalry

Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2005

Government policies to support R&D are predicated on empirical evidence of R&D "spillovers" between firms. But there … are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business … stealing by product market rivals. We develop a general framework showing that technology and product market spillovers have …

Persistent link: https://www.econbiz.de/10011125934

Identifying technology spillovers and product market rivalry

Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2013

The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years …. A central problem in the literature is that firm performance is affected by two countervailing "spillovers" : a positive … effect from technology (knowledge) spillovers and a negative business stealing effects from product market rivals. We develop …

Persistent link: https://www.econbiz.de/10011126004

Foreign direct investment and domestic entrepreneurship: blessing or curse?

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

between FDI and entrepreneurship; positive spillovers via dissemination of technology or negative because of crowding out. Our …

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

Identifying technology spillovers and product market rivalry

Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2005

there are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business … stealing by product market rivals. We develop a general framework showing that technology and product market spillovers have … product market spillovers operate, but that net social returns are several times larger than private returns. The spillover …

Persistent link: https://www.econbiz.de/10011126438