Andrés Rodríguez-Pose, Tobias Ketterer, 18 November 2019

Institutions are an important ingredient for economic growth. Using data from European regions for the period 1999-2013, this column shows that government quality matters for regional growth, and that relative improvements in the quality of government are a powerful driver of development. One-size-fits-all policies for lagging regions are not the solution. Government quality improvements are essential for low-growth regions, and in low-income regions, basic endowment shortages are still the main barrier to development. 

Michèle Tertilt, 08 November 2019

Michèle Tertilt asks whether more control over finances in the hands of women leads to more economic prosperity and progress.

Kevin Bryan, 29 October 2019

The 2019 Nobel Prize in Economic Sciences has been awarded jointly to Abhijit Banerjee, Esther Duflo, and Michael Kremer “for their experimental approach to alleviating global poverty”. This column outlines their impact on development economics research and practical action to reduce poverty. It also considers some of the critiques of randomised controlled trials as an approach to development.

Diane Coyle, 07 October 2019

Axel Dreher, Andreas Fuchs, Roland Hodler, Bradley Parks, Paul Raschky, Michael Tierney, 07 October 2019

Chinese development projects have the potential to improve the lives of millions of people, but political capture of its development finance by politicians may undermine its effectiveness. This column examines local development outcomes across 47 African countries and the effects of financial support from China between 2001 and 2012. The results not only show that Chinese aid registers positive effects on economic development at the district-level and province-level, but also that political bias in the subnational distribution of Chinese aid does not substantially undermine local development outcomes.

Rabah Arezki, 19 August 2019

Algeria’s recent victory in the Africa Cup of Nations has united a country whose development model has frustrated its young and educated workforce. This column offers four lessons for economic development from the national football team’s success: on the role of competition and market forces, mobilising talent, the role of managers, and the importance of referees (i.e. regulation). 

Marcela Eslava, John Haltiwanger, Alvaro Pinzón, 09 June 2019

A key difference between more and less developed countries lies in the speed at which the average business grows over its life cycle. This column compares manufacturing firms in Colombia and the US, and concludes that average life cycle growth differences across countries with diverging income levels are largely driven by the superstars and the worst performers. Relative to the US, Colombia presents an overwhelming prevalence of microestablishments, a deficit of superstar plants, and less strict market selection pressure for underperforming plants.

Markus Eberhardt, 28 April 2019

Recent evidence suggests that a country switching to democracy achieves about 20% higher per capita GDP over subsequent decades. This column demonstrates the sensitivity of these findings to sample selection and presents an implementation which generalises the empirical approach. If we assume that the democracy–growth nexus can differ across countries and may be distorted by common shocks or network effects, the average long-run effect of democracy falls to 10%.  

Jongrim Ha, M. Ayhan Kose, Franziska Ohnsorge, 11 April 2019

Emerging market and developing economies have achieved a remarkable decline in inflation since the early 1970s, supported by robust monetary policy frameworks, strengthening of global trade, financial integration, and the disruptions caused by the global crisis. The column argues that a continuation of low and stable inflation in these countries is not guaranteed. If this wave of structural and policy-related factors loses momentum, elevated inflation could re-emerge. Policymakers may find that maintaining low inflation is as difficult as achieving it.

Yashaswini Dunga, Nancy Hardie, Stephanie Kelly, Jeremy Lawson, 25 March 2019

As climate change worsens and the forces of populism gather, there is a strong argument for moving beyond narrow economic measures of national progress. This column presents a new indicator of progress that integrates environmental, social, and governance factors into growth analysis. Results show that the countries that have been able to blend economic dynamism with environmental, social, and governance dynamism are mostly developing economies. These countries often fly under the radar of traditional macroeconomic analyses. 

Oded Galor, Ömer Özak, Assaf Sarid, 20 January 2019

Evidence suggests that ancient regional variations in geographical characteristics contributed to the differential formation of culturaland linguistic traits, which in turn shaped development and inequality in today’s world. This column discusses how geographical characteristics are linked to the emergence of long-term orientation and the future tense, how they shaped distinct gender roles and possibly contributed to the emergence of grammatical gender, and how ecological diversity is connected to the emergence of hierarchical societies and reflected in politeness distinctions in language.

Jukka Pirttilä, Pia Rattenhuber, 02 January 2019

Jukka Pirttilä and Pia Rattenhuber of UNU-WIDER discuss what the last decade of research at the institute tells us about taxation.

Smriti Sharma, 20 December 2018

Smriti Sharma of Newcastle University and former Research Fellow at UNU-Wider discusses the last decade of research at UNU-WIDER tells us about gender. 

, 13 December 2018

David Arnold, Riccardo Crescenzi and Sergio Petralia of LSE's GILD team summarise cutting-edge research that examines the growing disparity between the places plugged into 21st century flows of investment, talent and knowledge and those that aren’t.

Finn Tarp, 22 November 2018

Finn Tarp, Director of UNU-WIDER, discusses what the last decade of research at the institute can tell us about economic transformation.

Emanuel Ornelas, Marcos Ritel, 08 November 2018

Generalised System of Preferences programmes, a form of nonreciprocal tariff cuts, have proliferated since the 1970s. Using a well-documented dataset of international trade agreements, this column studies the effectiveness of the system on beneficiaries’ aggregate exports. It finds that nonreciprocal tariff preferences can have a strong positive effect on the exports of least-developed countries, provided that they are WTO members. Conversely, other developing economies enjoying nonreciprocal preferences are able to increase exports only if they are not WTO members. 

, 05 November 2018

Over the last decade, UNU-WIDER have produced over 2,000 studies on economic and social development. This video outlines some important lessons from their work, from aid and data to inequality and energy.

Stephen Cecchetti, Kim Schoenholtz, 08 June 2018

Global remittances total $600 billion annually - equivalent to about four times the value of development assistance. Yet despite huge innovations in the underlying technology, the cost of remittances remains persistently high, at around 7% on average. Stephen Cecchetti and Kim Schoenholtz discuss the causes of this, and suggest some options available to policymakers to lower costs. The G8, G20 and Sustainable Development Goals targetting lower remittance costs could be realised by a two-pronged approach of educating consumers on the one hand and fostering competition among providers on the other.

Peter Jensen, Markus Lampe, Paul Sharp, Christian Skovsgaard, 08 June 2018

Denmark is a paragon of economic development because it rapidly modernised its agriculture 150 years ago by using technology and cooperatives. This column argues that Denmark's development story has in fact been misrepresented. Rapid agricultural development was the end of a process begun by landed elites in the 18th century. It may be a mistake to cite the case of Denmark to argue that a country with a lot of peasants and cows can cooperate its way out of underdevelopment.

Andara Kamara, 06 June 2018

Policymakers use microsimulation models to gauge the impact of policies across the economy. Andara Kamara discusses the work of the IFS with the Ghanaian government, which uses such models to better understand the impact of a range of taxes on different demographic groups, particularly in the absence of historical data.

Pages

Events

CEPR Policy Research