Growing through cities in India

Ejaz Ghani, William Kerr, Ishani Tewari 11 July 2014

a

A

Urbanisation and development are tightly linked (Duranton and Puga 2013). Developing countries are urbanising at a much faster pace than developed countries. For instance, China’s and India’s economic transformation and urbanisation is happening at 100 times the scale of the first country in the world to urbanise – the UK – and in just one-tenth of the time.

a

A

Topics:  Development

Tags:  growth, India, urbanisation

Institutions, trade shocks, and regional differences in long-run educational and development trajectories

André Carlos Martínez, Aldo Musacchio, Martina Viarengo 09 July 2014

a

A

Understanding the determinants of long-run socio-economic development is a major concern for academics and policymakers in many countries around the world. In particular, beyond understanding differences in development or educational and other outcomes across countries, the origins of within-country inequality are now a fundamental issue, given the impact inequality has on the long-run prosperity of nations.

a

A

Topics:  Development Economic history Education

Tags:  development, education, growth, institutions, Inequality, Brazil, colonialism, trade shocks, extractive institutions

The Great Recession’s long-term damage

Laurence Ball 01 July 2014

a

A

According to macroeconomics textbooks, a fall in aggregate demand causes a recession in which output drops below potential output – the normal level of production given the economy’s resources and technology. This effect is temporary, however. A recession is followed by a recovery period in which output returns to potential, and potential itself is not affected significantly by the recession.

a

A

Topics:  Global crisis

Tags:  growth, unemployment, OECD, potential output, Great Recession, hysteresis

Has the Great Recession harmed the long-term growth prospects of the Eurozone economy?

Philippe Weil interviewed by Viv Davies,

Date Published

Fri, 06/20/2014

a

A

See Also

CEPR Business Cycle Dating Committee (2014), "Eurozone mired in recession pause", VoxEU.org, 17 June.

CEPR Business Cycle Dating Committee (2014), "Euro Area Mired in Recession Pause", www.cepr.org, 11 June.

 

a

A

Topics

Europe's nations and regions Global crisis
Tags
eurozone, growth, GDP, recession, business cycles, CEPR, trough, business cycle dating, expansion, peak

Related Article(s)

Recoveries: The missing third phase of the business cycle When did the Eurozone recession end? The US recession ended in May Eurozone in recession since 3rd quarter 2011
MP3 File Details

Listen

Unfortunately the file could not be found.

Open in a pop-up window Open in a pop-up window

Download

Download MP3 File (10MB)

MP3 File Size

10MB

MP3 Length (Minutes)

10

MP3 Length (Seconds)

56

When

June 2014

Where

London

Eurozone mired in recession pause

CEPR Business Cycle Dating Committee 17 June 2014

a

A

The CEPR Business Cycle Dating Committee met on 11 June 2014 to determine whether the Eurozone is out of the recession that started after 2011Q3. The duty of the Committee – comprised of Philippe Weil (Chair), Domenico Giannone, Refet Gürkaynak, Monika Merz, Richard Portes, Lucrezia Reichlin, Albrecht Ritschl, Barbara Rossi, and Karl Whelan – is to date peaks and troughs of the Eurozone business cycle, marking recessions and expansions – a role similar to that of the NBER Business Cycle Dating Committee in the US.

a

A

Topics:  Europe's nations and regions Global crisis

Tags:  eurozone, growth, GDP, recession, business cycles, CEPR, trough, business cycle dating, expansion, peak

Lacklustre investment in the Eurozone: Is there a puzzle?

Marco Buti, Philipp Mohl 04 June 2014

a

A

On the importance of investment for the Eurozone economy

According to the European Commission’s most recent forecast, real economic activity in the Eurozone is expected to recover at a moderate pace until 2015, and to remain significantly weaker than in the US (European Commission 2014a).

a

A

Topics:  EU policies Macroeconomic policy

Tags:  eurozone, growth, European Commission, investment, uncertainty, structural reforms, Bankruptcy, Eurozone crisis, public investment, banking union, financial fragmentation

Is Piketty’s ‘Second Law of Capitalism’ fundamental?

Per Krusell, Tony Smith 01 June 2014

a

A

Over the last several weeks, we have thought quite a bit about the main message in Thomas Piketty’s now world-famous book, Capital in the Twenty-First Century (Piketty 2014). We have also discussed it at great length with colleagues. In sum, at least in our departments, there has been a massive collective effort at interpreting both the material presented in the book and the background material on which the book builds. In this column we would like to present one perspective on the book that does not seem to have attracted sufficient attention in the public discussions.

a

A

Topics:  Poverty and income inequality

Tags:  growth, Inequality, wealth, saving, savings

How highly educated immigrants raise native wages

Giovanni Peri, Kevin Shih, Chad Sparber 29 May 2014

a

A

Immigration to the US has risen tremendously in recent decades. Though media attention and popular discourse often focus on illegal immigrants or the high foreign-born presence among less-educated workers, the data show that immigrants are drawn from both ends of the education spectrum. At the low end, immigrants grew from 5% of workers with a high school degree or less in 1970 to 20.8% in 2010. At the high end, the figure rose from 7.3% to 18.2% for those with graduate degrees over the same period.1

a

A

Topics:  Labour markets Migration Productivity and Innovation

Tags:  US, growth, productivity, wages, immigration, innovation, complementarities, STEM

DynEmp: New cross-country evidence on the role of young firms in job creation, growth, and innovation

Chiara Criscuolo, Peter N. Gal, Carlo Menon 26 May 2014

a

A

Since well before the crisis, many OECD economies have been confronted with sluggish productivity growth. In the aftermath of the crisis, job creation has also stalled and has become an important policy issue. Business dynamics are at the core of the creative destruction process. Available evidence points to significant cross-country heterogeneity in the dynamism of businesses, even after taking into account differences in sectoral composition. This raises policymakers’ interest in understanding the role of framework conditions in this area.

a

A

Topics:  Labour markets Productivity and Innovation

Tags:  R&D, employment, growth, OECD, job creation, business cycles, firms, start-ups

Democracy causes economic development?

Daron Acemoglu, Suresh Naidu, James A Robinson, Pascual Restrepo 19 May 2014

a

A

A belief that democracy is bad for economic growth is common in both academic political economy as well as the popular press. Robert Barro’s seminal research in this area concluded that “More political rights do not have an effect on growth...The first lesson is that democracy is not the key to economic growth” (Barro 1997, pp. 1 and 11). Meanwhile, reacting to the rise of China, New York Times columnist Tom Friedman argues:

a

A

Topics:  Development Economic history Education

Tags:  democracy, growth

Pages