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The State of Economics, the State of the World

Basu, Kaushik - 2017

the World," is an idiosyncratic stocktaking of the trajectory of economics from Adam Smith to contemporary times, with … special attention to the rise of development economics. Given the challenges faced by the global economy in recent times, and … especially since 2008, it is time for a serious evaluation of economics for policy making. The paper comments on some potential …

Persistent link: https://www.econbiz.de/10012967913

Engineers, Innovative Capacity and Development in the Americas

Maloney, William F. - 2017

This paper offers the first evidence on the prevalence of a central actor in modern growth theory?the engineer. Using newly collected sub-national, and international data as well as historical case studies, it then argues that differences in innovative capacity, captured by the density of...

Persistent link: https://www.econbiz.de/10012973384

Equilibrium Fictions : A Cognitive Approach to Societal Rigidity

Hoff, Karla Ruth - 2017

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...

Persistent link: https://www.econbiz.de/10012976669

Climate Change, Industrial Transformation, And"Development Traps"

Golub, Alexander - 2017

This paper examines the possibility of environmental "development traps," or "brown poverty traps," caused by interactions between the impacts of climate change and increasing returns in the development of "clean-technology" sectors. A simple specification is used in which the economy can...

Persistent link: https://www.econbiz.de/10012973050

The Dynamics of Development : Innovation and Reallocation

Buera, Francisco - 2019

This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration episodes triggered by reforms. The authors find that reforms removing barriers to firm entry lead to persistent growth in TFP and declining average firm size, as in the experience of...

Persistent link: https://www.econbiz.de/10012898365

Technology Adoption and the Middle-Income Trap : Lessons from the Middle East and East Asia

Arezki, Rabah - 2019

This paper documents the existence of a "middle-income trap" for the Middle East and North Africa region. It argues that the economic woes of the Middle East and North Africa offer new insights into the debate on the trap which has thus far focused on the East Asia and Pacific region. The...

Persistent link: https://www.econbiz.de/10012865510

Green Growth, Technology and Innovation

Dutz, Mark Andrew - 2017

The paper explores existing patterns of green innovation and presents an overview of green innovation policies for developing countries. The key findings from the empirical analysis are: (1) frontier green innovations are concentrated in high-income countries, few in developing countries but...

Persistent link: https://www.econbiz.de/10012975519

The Growth Report and New Structural Economics

Lin, Justin Yifu - 2017

the stylized facts associated with sustained and inclusive growth. And it explains how the new structural economics …

Persistent link: https://www.econbiz.de/10012976501

The Pulse of Public Opinion : Using Twitter Data to Analyze Public Perception of Reform in El Salvador

Seabold, Skipper - 2017

This study uses Twitter data to provide a more nuanced understanding of the public reaction to the 2011 reform to the propane gas subsidy in El Salvador. By soliciting a small sample of manually tagged tweets, the study identifies the subject matter and sentiment of all tweets during six...

Persistent link: https://www.econbiz.de/10012971172

Strengthening Public Financial Management : Exploring Drivers and Effects

Fritz, Verena - 2017

This paper explores two relationships, first between country characteristics and the quality of public financial management (' drivers'), and second between the quality of public financial management systems and expected outcomes (' effects'). On the influence of country characteristics, the...

Persistent link: https://www.econbiz.de/10012972527