This paper provides an overview, macro application, and detailed documentation of GEM-Core, a dynamic computable general equilibrium (CGE) model designed for medium- and long-run policy analysis. GEM stands for General Equilibrium Model. GEM-Core can address the issues that typically are...

This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...

This note provides two analytical frameworks for understanding the role of trade in promoting inclusive growth in developing economies. A working definition of inclusive growth focuses on long-term, sustained growth associated with productivity growth and employment opportunities for broad...

Using firm-level data covering 709 cities in 128 countries, this paper examines the role of a comprehensive list of business environment variables at the subnational level in explaining firm employment and productivity growth. The analysis finds basic protection, access to finance and...

This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...

Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...

The influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively stationary spatial patterns of global climate, some...

This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ( "pre-confirmatory bias" ) and perceptions (confirmatory bias), and are themselves...