London School of Economics and Political Science

About: London School of Economics and Political Science is a education organization based out in London, United Kingdom. It is known for research contribution in the topics: Politics & Population. The organization has 8759 authors who have published 35017 publications receiving 1436302 citations.

Robots at Work

Abstract: Despite ubiquitous discussions of robots' potential impact, there is almost no systematic empirical evidence on their economic effects. In this paper we analyze for the first time the economic impact of industrial robots, using new data on a panel of industries in 17 countries from 1993-2007.We find that industrial robots increased both labor productivity and value added. Our panel identification is robust to numerous controls, and we find similar results instrumenting increased robot use with a measure of workers' replaceability by robots, which is based on the tasks prevalent in industries before robots were widely employed. We calculate that the increased use of robots raised countries' average growth rates by about 0.37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant effect on total hours worked, there is some evidence that they reduced the hours of both low-skilled and middle-skilled workers.

Treatment gap for anxiety disorders is global: Results of the World Mental Health Surveys in 21 countries

Abstract: 1 Background: Anxiety disorders are a major cause of burden of disease. Treatment gaps have been described, but a worldwide evaluation is lacking. We estimated, among individuals with a 12‐month DSM‐IV (where DSM is Diagnostic Statistical Manual) anxiety disorder in 21 countries, the proportion who (i) perceived a need for treatment; (ii) received any treatment; and (iii) received possibly adequate treatment. 2 Methods: Data from 23 community surveys in 21 countries of the World Mental Health (WMH) surveys. DSM‐IV mental disorders were assessed (WHO Composite International Diagnostic Interview, CIDI 3.0). DSM‐IV included posttraumatic stress disorder among anxiety disorders, while it is not considered so in the DSM‐5. We asked if, in the previous 12 months, respondents felt they needed professional treatment and if they obtained professional treatment (specialized/general medical, complementary alternative medical, or nonmedical professional) for “problems with emotions, nerves, mental health, or use of alcohol or drugs.” Possibly adequate treatment was defined as receiving pharmacotherapy (1+ months of medication and 4+ visits to a medical doctor) or psychotherapy, complementary alternative medicine or nonmedical care (8+ visits). 3 Results: Of 51,547 respondents (response = 71.3%), 9.8% had a 12‐month DSM‐IV anxiety disorder, 27.6% of whom received any treatment, and only 9.8% received possibly adequate treatment. Of those with 12‐month anxiety only 41.3% perceived a need for care. Lower treatment levels were found for lower income countries. 4 Conclusions: Low levels of service use and a high proportion of those receiving services not meeting adequacy standards for anxiety disorders exist worldwide. Results suggest the need for improving recognition of anxiety disorders and the quality of treatment.

Ignoring Commitment Is Costly: New Approaches Establish the Missing Link Between Commitment and Performance

Abstract: The branch network of a bank was used toinvestigate the link between employee commitment andorganizational performance in terms of sales targets metand change in profits. Commitment was measured by the conventional Organizational CommitmentQuestionnaire (OCQ) and different variations of aspecifically designed new commitment scale. The approachtaken involved the application of multiple regressionanalysis. That way a variety of factors assumed tocontribute to performance, apart from commitment, couldbe included in the model and held constant. It emergedthat employee commitment is significantly related to the financial success of bank branches. Theresults varied depending on how commitment andperformance were measured. Supervisory commitmentappears to have a particularly strong impact on theoutcome indicators.

Stationary arch models: dependence structure and central limit theorem

Abstract: This paper studies a broad class of nonnegative ARCH(∞) models Sufficient conditions for the existence of a stationary solution are established and an explicit representation of the solution as a Volterra type series is found Under our assumptions, the covariance function can decay slowly like a power function, falling just short of the long memory structure A moving average representation in martingale differences is established, and the central limit theorem is proved

Transnational Business Governance Interactions: Conceptualization and Framework for Analysis

Abstract: This special issue demonstrates the importance of interactions in transnational business governance. The number of schemes applying non-state authority to govern business conduct across borders has vastly expanded in numerous issue areas. As these initiatives proliferate, they increasingly interact with one another and with state-based regimes. The key challenge is to understand the implications of these interactions for regulatory capacity and performance, and ultimately for social and environmental impact. In this introduction, we propose an analytical framework for the study of transnational business governance interactions. The framework disaggregates the regulatory process to identify potential points of interaction, and suggests analytical questions that probe the key features of interactions at each point.