Macroeconomics & Growth
-
Tertiarisation like China
China is currently undergoing a rapid process of tertiarisation. This structural change since 2005 has seen productivity increase faster in services than in the manufacturing sector, with both consumer and producer services exhibiting high productivity growth
-
Macroeconomic development: An emerging agenda
How can macroeconomics (and macroeconomists) contribute to what we know about development policy?
-
Industrial policy for economic development
What have economists learnt about using industrial policy to promote economic development?
-
Flight to climatic safety
When extreme natural events strike, investors move money away from emerging economies at higher climate risk in search of climatic safety
-
Spatial frictions and high-frequency human mobility: Evidence from three African countries
Insights from a year of smartphone app data suggest high levels of spatial mobility
-
Cash transfer programmes can stimulate the local economy: Evidence from Brazil
In addition to their impact on poverty, cash transfers can have positive spillovers to the local economy
-
Human capital growth: An engine for structural transformation
Growth in human capital reduces agricultural labour supply, while in turn the expansion of non-agricultural sectors drives human capital growth
-
Why market structure matters for development: Evidence from the global cement industry
Market power in the construction sector raises prices and undermines long-term growth in poor countries
-
How services drive the growth of emerging economies: Evidence from India
Service-led growth can be a viable development strategy for the developing world; however, its fruits might disproportionately benefit the rich