Spatial agglomeration of economic activities is generally assumed to improve productivity and spur firms’ innovation through localisation economies and urbanisation economies.1 There is an extensive empirical literature investigating the effects of localisation and urbanisation on firm-level productivity.
Agglomeration and product innovation in China
Hongyong Zhang, 21 July 2014
Dirty little secrets: Inferring fossil-fuel subsidies from patterns in emission intensities
Radek Stefanski, 30 May 2014
An astonishing feature of international energy and climate policy is that fossil fuels – often seen as the primary contributor to climate change – receive enormous government support (IMF 2013, IEA 2012). Surprisingly, no comprehensive database of directly measured, comparable fossil-fuel subsidies exists at the international level.
US electrification in the 1930s
Carl Kitchens, 29 January 2014
In 1930, fewer than 10% of farms in the US had access to electricity. By the mid-1950s, almost every farm in the country had electricity. While the US was able to extend electricity to its rural locations rapidly over a 25-year period, much of the developing world still remains without electricity today. In 2012, 1.3 billion people lived without electricity worldwide.
Counting thy numbers: Defining and measuring fossil fuel subsidies
Ronald Steenblik, Jehan Sauvage, Jagoda Egeland, 15 September 2012
Fossil fuel subsidies have attracted renewed attention following the Pittsburgh Summit of September 2009, where leaders of the G20 committed to “rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption” (G20 2009). Leaders of the G8 and of APEC have subsequently issued similar statements.
Industrial policy works for smaller firms
John Van Reenen, 17 February 2012
The Great Recession has brought industrial policy back into fashion. Huge subsidies have been granted by governments around the world to private firms, most dramatically in financial services, but also in other sectors like automobiles (see for instance Evenett 2011).
Tax policies for low-carbon energy
Gilbert E. Metcalf , 27 June 2009
Nearly all economists agree that the most efficient way to address environmental problems is to raise the cost of the pollution-generating activity.
Trade protection: Incipient but worrisome trends
Richard Newfarmer, Elisa Gamberoni, 4 March 2009
With the global economy teetering on the abyss of severe recession, political pressures demanding import protection to protect employment are surfacing with increasing intensity around the world.
Can production subsidies explain China’s export performance?
Sourafel Girma, Yundan Gong, Holger Görg, Zhihong Yu , 8 July 2008
China’s exports are booming and – somewhat surprisingly – not just in labour-intensive goods.
Now is the time to reduce international trade and migration barriers
Kym Anderson, L Alan Winters, 21 April 2008
In June 1930 the Smoot-Hawley tariff act in the US turned a stock market collapse into a crippling, decade-long Great Depression. Now, with a financial meltdown going on, is therefore NOT the time for politicians to be more protectionist.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR