This paper assesses the impact of climate-related disasters on medium-term growth and analyzes key structural areas … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster's intensity matters much more …

After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to …'s business dynamism. We show that (i) the revenue share of young firms has declined, (ii) the life-cycle growth of young firms … relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and …

growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important …, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0 ….3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from …

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …

This paper surveys the literature on the relationship between international trade and inclusive growth. It examines …

In this paper, we review the role of the political economy in inclusive growth. We find that political economy forces … document growing support for a rethink of the social contract to make growth more inclusive and discuss some of its broad …

adverse growth trajectories prior to unrest events or by fiscal consolidations, and are robust to instrumenting via regional …

public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … spending can raise growth, but its benefits depend on how it is financed and managed. Model simulations show that tax financing … borrowing through financial markets because they support growth while containing the impact on public debt. However, the optimal …