Economists have long debated whether an abundance of natural resources adversely affects long term economic performance. Focusing on economic channels discussed in the literature, the author investigates whether resource abundance slows industrialization or human capital accumulation, or increases inequality. An author examines these channels using geological variation in oil abundance...
Siting the Lab in the CEP Centre for Economic Performance allows the planned work to draw on the expertise and knowledge of the labour market derived from the Centre's previous years of research. Author now turn to an overview of the main questions tackled by CEP in this period and...
The most striking difference in corporate-governance arrangements between rich and poor countries is that the latter rely much more heavily on the dynastic family firm, where ownership and control are passed on from one generation to the other. It was argued that if the heir to the family firm has...
This paper considers the relative productivity growth performance of a balanced sample of 80 large UK firms over few years, using two different benchmarks from which to compute productivity growth differences. It is found that there is almost no persistence in superior productivity growth performance however measured - firms that...
What role does labor play in a firm's market value? This question is explored using a production-based asset pricing model with frictions in the adjustment of both capital and labor. The authors posit that hiring of labor is akin to investment in capital and that the two interact, with the...
During the nineties, workers began to spurn secure jobs in large organizations, which were formerly considered prestigious. They developed more positive attitudes towards jobs in small, innovative startups, although these involved less job security. This model identifies some of the economic forces behind this trend. Small firms with little capital...
This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range...
There is little doubt that technology has had the most profound effect on altering the tasks that we humans do in our jobs. Economists have long speculated on how technical change affects both the absolute demand for labour as a whole and the relative demands for different types of labour....
Labour turnover is typically higher in low productivity jobs. This paper suggests that this empirical finding is due to the matching process being less efficient at the bottom than at the top of the jobs' distribution. A simple theoretical model of employers' search shows that firms find it optimal to...
This paper shows that state control of some industries may have contributed to the increase in European unemployment from the 1970s to the early 1990s. A simple model with both publicly-run and privately-run enterprises is developed and shows that when economic turbulence increases, higher unemployment rates may result in economies...
PALM BEACH GARDENS, Fla. -- Study Finds Poor Management Planning and Control and Inadequate Supervision Costing Companies $880 Billion in Lost Productivity In today's environment where rising fuel prices are causing a ripple effect in the costs of doing business, it is more important than ever to look...
Business Editors/High-Tech Writers LONDON--BUSINESS WIRE--March 24, 2004 London School of Economics and Political Science LSE today issued a report - 'Out-of-Sight shouldn't mean Out-of-Mind" - which investigates the implications of increasing employee mobility and the lost opportunities that result from ineffective management of wireless assets. ...
Articles 2004-03-24
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