Working research papers

In this paper we compare firms? self-reported overseas sales, as reported in a commonly used UK financial reporting dataset, with their actual exports, as reportedby Her Majesty?s Revenue and Customs (HMRC). Finding that these flows are inseveral ...

These notes provide additional detail to the evidence and arguments presented in "Shorting the Future?: Capital Markets and the Launch of the British Electrical lndustry, 1882-1892" , Business History Review, Vol. 94, Summer 2020, pp.287-320, https:/ ...

We consider a model of social coordination and network formation where agents decide on an action in a coordination game and on whom to establish costly links to. We study the role of passive connections; these are connections to a given agent that ...

We exploit a proprietary database containing foreign trading data from 20 exchanges for the 2006 - 2018 to expand the existing evidence on cross-border equity flows towards emerging markets. We study whether push and pull factors, as well as ...

Patent thickets have been identified by various citations-based techniques, such as Graevenitz et al (2011) and Clarkson (2005). An alternative direct measurement is based on expert opinion. We use natural language processing techniques to measure ...

Individuals interact strategically with their network neighbors. A planner can shape incentives in pursuit of an aggregate goal, such as maximizing welfare or minimizing volatility. We analyze a variety of targeting problems by identifying how a ...

This paper proposes a model suitable for exploiting fully the information contained in mixed frequency and mixed sample data in the estimation of cointegrating vectors. The asymptotic properties of easy-to-compute spectral regression estimators of ...

The Great Recession manifested itself mostly as a decline in hours and employment in the US, but a decline in Total Factor Productivity in the UK. Why did these two economies experience the crisis differently? I argue that a third fact, that real ...

This chapter provides a survey of methods of continuous time modelling based on an exact discrete time representation. It begins by highlighting the techniques involved with the derivation of an exact discrete time representation of an underlying ...

We present novel evidence from the results of a randomized controlled trial on the role that information plays in the perceptions of the benefits and costs of exporting. We first present results from a baseline survey of approximately 1,000 UK ...