Similar Search Results

Profit share and returns on capital stock in Italy: the role of privatisations behind the rise of the 1990s

Torrini, Roberto - London School of Economics (LSE) - 2005

began in the first half of the 1990s. They led to a rapid growth in total factor productivity and a deceleration in wages … monopolists. Our evidence for Italy thus strongly supports the hypothesis that profit share growth during the 1990s, which was …

Persistent link: https://www.econbiz.de/10010745192

Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007

Labor’s share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...

Persistent link: https://www.econbiz.de/10010746486

The marginal product of capital

Caselli, Francesco; Feyrer, James - London School of Economics (LSE) - 2006

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...

Persistent link: https://www.econbiz.de/10010928591

Medium and long run prospects for UK growth in the aftermath of the financial crisis

Oulton, Nicholas - London School of Economics (LSE) - 2013

productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …

Persistent link: https://www.econbiz.de/10011126620

Spatial agglomeration dynamics

Quah, Danny - London School of Economics (LSE) - 2002

This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and … spatial distribution. Spatial inequality is a Cass-Koopmans saddlepath, and the global distribution of economic activity …

Persistent link: https://www.econbiz.de/10010884745

Gender discrimination and growth: theory and evidence from India

Esteve-Volart, Berta - London School of Economics (LSE) - 2004

lower economic growth; and that the former also implies a reduction in per capita GDP, while the latter distorts the …

Persistent link: https://www.econbiz.de/10011071265

Growth and inequality: a demographic explanation

Miyazawa, Kazutoshi - London School of Economics (LSE) - 2005

rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended …

Persistent link: https://www.econbiz.de/10010928630

Equilibrium analysis, banking, contagion and financial fragility

Tsomocos, Dimitrios P. - London School of Economics (LSE) - 2003

This paper contains a general equilibrium model of an economy with incomplete markets (GEI) with money and default. The model is a simplified version of the real world consisting of a non-bank private sector, banks, a central bank, a government and a regulator. The model is used to analyse...

Persistent link: https://www.econbiz.de/10010884714

A time series analysis of financial fragility in the UK banking system

Goodhart, Charles; Sunirand, Pojanart; Tsomocos, … - London School of Economics (LSE) - 2004

This paper extends the model proposed by Goodhart, Sunirand, and Tsomocos (2003, 2004a, b) to an infinite horizon setting. Thus, we are able to assess how the model conforms with the time series data of the U.K. banking system. We conclude that, since the model performs satisfactorily, it can be...

Persistent link: https://www.econbiz.de/10010744867

A risk assessment model for banks

Goodhart, Charles; Sunirand, Pojanart; Tsomocos, … - London School of Economics (LSE) - 2004

The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its interaction with other banks and other private...

Persistent link: https://www.econbiz.de/10010745460