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Climate policy under sustainable discounted utilitarianism
Dietz, Simon; Asheim, Geir B. - London School of Economics (LSE) - 2011
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is contro-versial, both due to the conditions through which it is justifed and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10010745973
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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
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Has the growth of real GDP in the UK been overstated because of mis-measurement of banking output?
Oulton, Nicholas - London School of Economics (LSE) - 2013
If official figures overstated the growth of banking output in the UK in the recent boom, does this mean that GDP growth was overstated too? The answer is no. It is truer to say that if banking output was overstated then the output of some other industry or industries must have been understated,...
Persistent link: https://www.econbiz.de/10010745950
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Electoral Misgovernance Cycles: Evidence from wildfires and tax evasion in Greece and elsewhere
Skouras, Spyros; Christodoulakis, Nicos - London School of Economics (LSE) - 2011
We present detailed empirical evidence that around Greek elections, misgovernance results in significant increases in wildfires and tax evasion and with important economic implications: the cumulative cost of these effects in recent years has been over 8% of GDP and has therefore been a...
Persistent link: https://www.econbiz.de/10010686648
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The wealth and poverty of nations: true PPPs for 141 countries
Oulton, Nicholas - London School of Economics (LSE) - 2011
I set out a new method for estimating true (Konüs) PPPs. Household consumption per head deflated by these PPPs answers the question: by how much must the average expenditure per head of poor country A be increased to enable the typical inhabitant of A to enjoy the same utility level as the...
Persistent link: https://www.econbiz.de/10011071065
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Does relative income matter? Are the critics right?
Layard, Richard; Mayraz, Guy; Nickell, Stephen - London School of Economics (LSE) - 2009
Do other peoples’ incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is ‘Yes’....
Persistent link: https://www.econbiz.de/10011071479
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The Clean Development Mechanism: too flexible to produce sustainable development benefits?
Watson, Charlene; Fankhauser, Samuel - London School of Economics (LSE) - 2009
The Clean Development Mechanism (CDM) of the Kyoto Protocol has a dual objective: to encourage low-cost emission reduction and to promote sustainable development in the host countries of CDM projects. The CDM has by and large delivered on the first objective but arguably not on the second. This...
Persistent link: https://www.econbiz.de/10010744944
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A statistical framework for the analysis of productivity and sustainable development
Oulton, Nicholas - London School of Economics (LSE) - 2004
To analyse the consequences of the changing economic structure of the UK, we need a set of statistics broken down by industry that are consistent with the whole economy measures available from the national accounts. The theory of growth accounting then provides a framework in which the...
Persistent link: https://www.econbiz.de/10010746112
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Urban development and air pollution: evidence from a global panel of cities
Hilber, Christian A. L.; Palmer, Charles - London School of Economics (LSE) - 2014
We exploit a unique panel of 75 metro areas (‘cities’) across the globe and employ a cityfixed effects model to identify the determinants of within-city changes in air pollution concentration between 2005 and 2011. Increasing car and population densities significantly reduce air pollution...
Persistent link: https://www.econbiz.de/10011277212
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Perceptions of risk : an experimental approach using internet questionnaires
Cowell, Frank; Cruces, Guillermo - London School of Economics (LSE) - 2003
' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of … ranking by preference over distributions with a given mean; (ii) that risk-rankings respect the principle of mean …
Persistent link: https://www.econbiz.de/10010744849