Publications

POID Working Paper

Product market competition, creative destruction and innovation

We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framew...Read more...

CEP Covid-19 analysis

The business response to Covid-19 one year on: findings from the second wave of the CEP-CBI survey on technology adoption

We present new data from a survey of 425 UK businesses conducted in July 2021 in partnership with the Confederation of British Industry (CBI), which seeks to understand the ways in which firms have innovated one year on ...Read more...

POID Working Paper

AI-tocracy

Can frontier innovation be sustained under autocracy? We argue that innovation and autocracy can be mutually reinforcing when: (i) the new technology bolsters the autocrat's power; and (ii) the autocrat's demand for the ...Read more...

POID Working Paper

Have productivity and pay decoupled in the UK?

In the long-run at the macro level, the real pay of workers tends to follow labour productivity. In recent years, however, there have been concerns that this relationship has broken down and that pay has become "decouple...Read more...

Blog

LSE Politics and Policy:

The Net Zero Strategy provides a foundation which now needs to be cemented in investment, tax, and regulatory decisions

The UK government has delivered on its promise to publish a strategy for driving the country's economy towards net zero emissions by 2050. Esin Serin and Anna Valero write that the economy-wide Net Zero Strategy provides...Read more...

CEP report

Are 'green' jobs good jobs?

The transition to net-zero will have far-reaching but unequal effects, as 'dirty' jobs disappear while new jobs aligned with or supportive of the net-zero objective - which we refer to as 'green' - are created. As govern...Read more...

Blog

Buzzsprout:

Emissions: Impossible? What does a Net Zero economy really look like?

Dr Anna Valero - ESRC innovation fellow at London School of Economics - is a guest on 'Emissions: Impossible?' a podcast showcasing some of the most ground-breaking research and innovation in climate change, to reveal wh...Read more...

CEP report

Seizing sustainable growth opportunities from carbon capture, usage and storage in the UK

Seizing opportunities from the CCUS value chain can be part of an economy-wide, net-zero-aligned growth path in the UK. The UK has responded to the climate emergency facing the world with an economy-wide target to reach...Read more...

POID Working Paper

Organizational capacity and profit shifting

This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational enterprises (MNEs). Better organizational practices improve productivity and the potential taxable profits...Read more...

POID Working Paper

The impact of healthcare IT on clinical quality, productivity and workers

Adoption of health information and communication technologies ('HICT') has surged over the past two decades. We survey the medical and economic literature on HICT adoption and its impact on clinical outcomes, productivit...Read more...

POID Working Paper

Internet access and its implications for productivity, inequality and resilience

About one-fifth of paid workdays will be supplied from home in the post-pandemic economy, and more than one-fourth on an earnings-weighted basis. In view of this projection, we consider some implications of home internet...Read more...

Submission to a parliamentary inquiry and government consultation

A Response to the Consultation Document: 'A new pro-competition regime for digital markets'

Professor John Van Reenen writing to submit his views on the government's consultation document 'A new pro-competition regime for digital markets'....Read more...

POID Working Paper

The diffusion of disruptive technologies

We identify novel technologies using textual analysis of patents, job postings, and earnings calls. Our approach enables us to identify and document the diffusion of 29 disruptive technologies across firms and labor mark...Read more...

POID Working Paper

The demand for executive skills

We use a unique corpus of job descriptions for C-suite positions to document skills requirements in top managerial occupations across a large sample of firms. A novel algorithm maps the text of each executive search into...Read more...

POID Working Paper

Communication within firms: evidence from CEO turnovers

This paper uses novel, firm-level measures derived from communications metadata before and after a CEO transition in 102 firms to study if CEO turnover impacts employees' communication flows. We find that CEO turnover le...Read more...

Blog

POID blog:

Risk of Business Failure - POID Tracker

Research by Peter Lambert, Apolline Marion and John Van Reenen find that the number of firms at risk of failing has fallen from that earlier in the pandemic, but that one million jobs are still at risk and advancements c...Read more...

POID Working Paper

The donut effect of Covid-19 on cities

Using data from the US Postal Service and Zillow, we quantify the effect of Covid-19 on migration patterns and real estate markets within and across US cities. We find two key results. First, within large US cities, hous...Read more...

POID Working Paper

This time is not so different: income dynamics during the Covid-19 recession

We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the ex...Read more...

POID Working Paper

Why working from home will stick

COVID-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays w...Read more...

POID Working Paper

What triggers stock market jumps?

We examine next-day newspaper accounts of large daily jumps in 16 national stock markets to assess their proximate cause, clarity as to cause, and the geographic source of the market-moving news. Our sample of 6,200 mark...Read more...

POID Working Paper

The impact of Covid-19 on US firms

We use survey data on an opt-in panel of around 2,500 US small businesses to assess the impact of COVID-19. We find a significant negative sales impact that peaked in Quarter 2 of 2020, with an average loss of 29% in sal...Read more...

POID Working Paper

Innovation, growth and the transition to net-zero emissions

The climate crisis and the global economic impact of the Covid-19 crisis occur against a background of slowing growth and widening inequalities, which together imply an urgent need for a new environmentally sustainable a...Read more...

POID Working Paper

Education and management practices

The empirical management literature has found that the education of both managers and the workforce more generally appears to be an important driver of better management practices. This article sets out how such relation...Read more...

Blog

VoxEU:

OPENing up military innovation: The causal effects of 'bottom up' reforms to US defence research

In recent decades, US defence R&D seems to have lost its lustre. To combat the declining innovation, in 2018 the US Air Force reformed its contracting procedures to allow applicants more freedom to suggest projects with ...Read more...

POID Working Paper

Education and economic growth

This paper summarises the literature that has linked education and economic growth. It begins with an overview of the key concepts in neoclassical and endogenous growth models, and discussion on how these have been teste...Read more...