LSE Research Online Documents on Economics最新文献

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Remembering the future: entrepreneurship guidebooks in the US, from meditation to method (1945-1975) 铭记未来:美国的创业指南,从冥想到方法(1945-1975)
LSE Research Online Documents on Economics Pub Date : 2012-04-24 DOI: 10.22439/FS.V0I13.3506
M. Giraudeau
{"title":"Remembering the future: entrepreneurship guidebooks in the US, from meditation to method (1945-1975)","authors":"M. Giraudeau","doi":"10.22439/FS.V0I13.3506","DOIUrl":"https://doi.org/10.22439/FS.V0I13.3506","url":null,"abstract":"This paper discusses Foucault's analyses of the rise of the entrepreneur in the second half of the 20th century. Whereas Foucault based his conclusions on readings of economic theory, we propose here to look at \"practical texts,\" i.e. entrepreneurship guidebooks, in the way Foucault himself did in his research on antiquity. We also mobilize Foucauldian concepts from his lectures on the \"Care of the Self\" and the \"Hermeneutics of the Subject\" to account for our empirical observations. By comparing two series of entrepreneurship guidebooks issued by the US government in the mid-1940s and the late 1950s-1975, we argue that a major shift occurred between these two periods. In the 1940s, the future was supposed to be meditated upon: entrepreneurs were incited to mentally consider the dangers of running a business, and they were given mental techniques, along with basic paper technologies (e.g. checklists), in order to do so. A bit more than a decade later and for the decades to follow, entrepreneurs were told to plan their new businesses thoroughly, and thus to devise their future; they were provided with more advanced paper technologies (accounting technologies and business plan templates). The future was no more an object of meditation: it had become a methodical project.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133926115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
Peer effects in science: evidence from the dismissal of scientists in Nazi Germany 科学中的同伴效应:来自纳粹德国解雇科学家的证据
LSE Research Online Documents on Economics Pub Date : 2012-04-01 DOI: 10.1093/RESTUD/RDR029
Fabian Waldinger
{"title":"Peer effects in science: evidence from the dismissal of scientists in Nazi Germany","authors":"Fabian Waldinger","doi":"10.1093/RESTUD/RDR029","DOIUrl":"https://doi.org/10.1093/RESTUD/RDR029","url":null,"abstract":"This paper analyzes peer effects among university scientists. Specifically, it investigates whether the number of peers and their average quality affects the productivity of researchers in physics, chemistry, and mathematics. The usual endogeneity problems related to estimating peer effects are addressed by using the dismissal of scientists by the Nazi government as a source of exogenous variation in the peer group of scientists staying in Germany. Using a newly constructed panel dataset covering the universe of physicists, chemists, and mathematicians at all German universities from 1925 until 1938 I investigate peer effects at the local level and among co-authors. There is no evidence for localized peer effects, as neither department level (e.g. the physics department) nor specialization level (e.g. all theoretical physicists in the department) peers affect a researcher's productivity. Among co-authors, however, there is strong and significant evidence that peer quality affects a researcher's productivity. Loosing a co-author of average quality reduces the productivity of an average scientist by about 13 percent in physics and 16.5 percent in chemistry.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"136 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132317920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 336
Factor modeling for high-dimensional time series: inference for the number of factors 高维时间序列的因子建模:因子数量的推断
LSE Research Online Documents on Economics Pub Date : 2012-04-01 DOI: 10.1214/12-AOS970
Clifford Lam, Q. Yao
{"title":"Factor modeling for high-dimensional time series: inference for the number of factors","authors":"Clifford Lam, Q. Yao","doi":"10.1214/12-AOS970","DOIUrl":"https://doi.org/10.1214/12-AOS970","url":null,"abstract":"This paper deals with the factor modeling for high-dimensional time series based on a dimension-reduction viewpoint. Under stationary settings, the inference is simple in the sense that both the number of factors and the factor loadings are estimated in terms of an eigenanalysis for a nonnegative definite matrix, and is therefore applicable when the dimension of time series is on the order of a few thousands. Asymptotic properties of the proposed method are investigated under two settings: (i) the sample size goes to infinity while the dimension of time series is fixed; and (ii) both the sample size and the dimension of time series go to infinity together. In particular, our estimators for zero-eigenvalues enjoy faster convergence (or slower divergence) rates, hence making the estimation for the number of factors easier. In particular, when the sample size and the dimension of time series go to infinity together, the estimators for the eigenvalues are no longer consistent. However, our estimator for the number of the factors, which is based on the ratios of the estimated eigenvalues, still works fine. Furthermore, this estimation shows the so-called “blessing of dimensionality” property in the sense that the performance of the estimation may improve when the dimension of time series increases. A two-step procedure is investigated when the factors are of different degrees of strength. Numerical illustration with both simulated and real data is also reported.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122028792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 415
The political economy of the Greek debt crisis: a tale of two bailouts 希腊债务危机的政治经济学:两次救助的故事
LSE Research Online Documents on Economics Pub Date : 2012-03-20 DOI: 10.1257/mac.6.4.291
Silvia Ardagna, F. Caselli
{"title":"The political economy of the Greek debt crisis: a tale of two bailouts","authors":"Silvia Ardagna, F. Caselli","doi":"10.1257/mac.6.4.291","DOIUrl":"https://doi.org/10.1257/mac.6.4.291","url":null,"abstract":"We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that the second bailout was not on the Pareto frontier and sketch political-economy arguments for why this may be so.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117254141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 95
Rail mega-projects in the realm of inter- and intra-city accessibility: evidence and outlooks for Berlin 城市间和城市内可达性领域的大型铁路项目:柏林的证据和前景
LSE Research Online Documents on Economics Pub Date : 2012-03-01 DOI: 10.2148/BENV.38.1.71
Gabriel M. Ahlfeldt
{"title":"Rail mega-projects in the realm of inter- and intra-city accessibility: evidence and outlooks for Berlin","authors":"Gabriel M. Ahlfeldt","doi":"10.2148/BENV.38.1.71","DOIUrl":"https://doi.org/10.2148/BENV.38.1.71","url":null,"abstract":"This article summarizes and complements recent quantitative research on the impact of the Berlin railway system on the urban economy. Evidence suggests that access to intra-city rail lines has had a considerable impact on the value of urban land since at least the late nineteenth century. Since then, access to the intra-city rail network has remained a significant determinant of urban land value, although the marginal impact has decreased over time. In contrast, the post-unification realignment of Berlin's inter-city rail system has had, if any, only a weak impact on real estate markets. Micro-level simulations indicate that the new central station's connection to the urban railway network is likely to have more pronounced, although relatively localized impacts, raising the question of how to balance the cost for infrastructure among landlords and society.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114685286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Non-employment, age, and the economic cycle 不就业,年龄和经济周期
LSE Research Online Documents on Economics Pub Date : 2011-12-02 DOI: 10.14301/llcs.v3i1.161
S. Jenkins, Mark P. Taylor
{"title":"Non-employment, age, and the economic cycle","authors":"S. Jenkins, Mark P. Taylor","doi":"10.14301/llcs.v3i1.161","DOIUrl":"https://doi.org/10.14301/llcs.v3i1.161","url":null,"abstract":"We describe the relationship between non-employment rates and age in Britain and consider how this relationship has been changing with the economic cycle. Using data from the British Household Panel Survey for survey years 1991–2008 and Understanding Society for 2009, we show that non-employment rates have changed most for people in the youngest and oldest age groups. Young people have been hit particularly hard by the current recession and non-employment rates are higher now than during the early-1990s recession, especially for those without educational qualifications. Among older men and women, non-employment rates have been in longer-term decline and the current recession has had a less marked effect. Hence the U-shaped non-employment/age relationship has rotated clockwise over the last decade.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116783953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
From efficiency to justice: utility as the informational basis of climate change strategies, and some alternatives 从效率到正义:效用作为气候变化战略的信息基础及其替代选择
LSE Research Online Documents on Economics Pub Date : 2011-08-18 DOI: 10.1093/OXFORDHB/9780199566600.003.0020
Simon Dietz
{"title":"From efficiency to justice: utility as the informational basis of climate change strategies, and some alternatives","authors":"Simon Dietz","doi":"10.1093/OXFORDHB/9780199566600.003.0020","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780199566600.003.0020","url":null,"abstract":"in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council and has five inter-linked research programmes: 1. Developing climate science and economics 2. Climate change governance for a new global deal 3. Adaptation to climate change and human development 4. Governments, markets and climate change mitigation 5. The Munich Re Programme-Evaluating the economics of climate risks and opportunities in the insurance sector by the London School of Economics and Political Science in 2008 to bring together international expertise on economics, finance, geography, the environment, international development and political economy to create a world-leading centre for policy-relevant research and training in climate change and the environment. The Institute is funded by the Grantham Foundation for the Protection of the Environment, and has five research programmes: 1. Use of climate science in decision-making 2. Mitigation of climate change (including the roles of carbon markets and low-carbon technologies) 3. Impacts of, and adaptation to, climate change, and its effects on development 4. Governance of climate change 5. Management of forests and ecosystems This working paper is intended to stimulate discussion within the research community and among users of research, and its content may have been submitted for publication in academic journals. It has been reviewed by at least one internal referee before publication. The views expressed in this paper represent those of the author(s) and do not necessarily represent those of the host institutions or funders.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126138185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
A new resolution of the Judy Benjamin problem 朱迪·本杰明问题的新解决方案
LSE Research Online Documents on Economics Pub Date : 2011-07-01 DOI: 10.1093/MIND/FZR051
I. Douven, J. Romeijn
{"title":"A new resolution of the Judy Benjamin problem","authors":"I. Douven, J. Romeijn","doi":"10.1093/MIND/FZR051","DOIUrl":"https://doi.org/10.1093/MIND/FZR051","url":null,"abstract":"Van Fraassen’s Judy Benjamin problem has generally been taken to show that not all rational changes of belief can be modelled in a probabilistic framework if the available update rules are restricted to Bayes’s rule and Jeffrey’s generalization thereof. But alternative rules based on distance functions between probability assignments that allegedly can handle the problem seem to have counterintuitive consequences. Taking our cue from a recent proposal by Bradley, we argue that Jeffrey’s rule can solve the Judy Benjamin problem after all. Moreover, we show that the specific instance of Jeffrey’s rule that solves the Judy Benjamin problem can be underpinned by a particular distance function. Finally, we extend the set of distance functions to ones that take into account the varying degrees to which propositions may be epistemically entrenched.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133809336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 47
Emerging markets and climate change: Mexican standoff or low-carbon race? 新兴市场与气候变化:墨西哥僵局还是低碳竞赛?
LSE Research Online Documents on Economics Pub Date : 2011-05-04 DOI: 10.1093/acprof:oso/9780199692873.003.0009
D. Frame, C. Hepburn
{"title":"Emerging markets and climate change: Mexican standoff or low-carbon race?","authors":"D. Frame, C. Hepburn","doi":"10.1093/acprof:oso/9780199692873.003.0009","DOIUrl":"https://doi.org/10.1093/acprof:oso/9780199692873.003.0009","url":null,"abstract":"Schelling (1995) stressed the importance of correctly disaggregating the impacts of climate change to understand how individual interests differ across space and time. This paper considers equity implications at a level of disaggregation which we consider insightful, but which is non-standard in the literature. We consider a “three-agent” model, comprising the G20 North, the G20 emerging markets (the GEMs), and the rest of the world (ROW), and consider their impact on emissions and temperature increases to 2100. Using the MAGICC and RICE models, we calculate that simply stabilising emissions in GEMs would avoid about twice as much warming as an 80% emissions reduction in the North. We further show that decisions regarding the carbon intensity of economic development in the developing world are first order determinants of the likelihood of dangerous climate change in the coming century, and that early GEM participation in mitigation initiatives is essential if we are to safeguard the interests of the world’s most vulnerable. Finally we argue that though this three-handed strategic structure may lead to impasse, it may also stimulate a low-carbon race between nations.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122320163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unity in diversity as Europe's vocation and conflict's law as Europe's constitutional form 多样性中的统一是欧洲的使命,冲突法是欧洲的宪法形式
LSE Research Online Documents on Economics Pub Date : 2010-12-01 DOI: 10.2139/SSRN.1723249
C. Joerges
{"title":"Unity in diversity as Europe's vocation and conflict's law as Europe's constitutional form","authors":"C. Joerges","doi":"10.2139/SSRN.1723249","DOIUrl":"https://doi.org/10.2139/SSRN.1723249","url":null,"abstract":"“Unity in Diversity” was the fortunate motto of the otherwise unfortunate Draft Constitutional Treaty. The motto did not make it into the Treaty of Lisbon. It deserves to be kept alive in a new constitutional perspective, namely the re-conceptualisation of European law as new type of conflicts law. The new type of conflicts law which the paper advocates is not concerned with selecting the proper legal system in cases with connections to various jurisdictions. It is instead meant to respond to the increasing interdependence of formerly more autonomous legal orders and to the democracy failure of constitutional states which result from the external effects of their laws and legal decisions on non-nationals. European has many means to compensate these shortcomings. It can derive its legitimacy from that compensatory potential without developing federal aspirations. The paper illustrates this approach with the help of a topical example, namely the conflict between European economic freedoms and national industrial relations (collective labour) law. The recent jurisprudence of the ECJ in Viking, Laval, and Ruffert in which the Court established the supremacy of the freedoms over national labour law is criticised as a counter-productive deepening of Europe's constitutional asymmetry and its social deficit. The introductory and the concluding sections generalise the perspectives of the conflicts-law approach. The introductory section takes issue with max Weber’s national state. The concluding section suggests a three dimensional differentiation of the approach which seeks to respond to the need for transnational egulation and governance.","PeriodicalId":359449,"journal":{"name":"LSE Research Online Documents on Economics","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128173697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 34
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