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.

Topics: Labour markets, Productivity and Innovation
Tags: business cycles, employment, firms, growth, job creation, OECD, R&D, 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).

Topics: Development, Economic history, Education
Tags: democracy, growth

Greening Economics: It is time

Carlo Carraro, Marianne Fay, Marzio Galeotti, 26 April 2014

a

A

Shortly after the inception of the financial crisis, The Economist published an article on the split the crisis had brought about among macroeconomists and on the self-criticism some of the most renowned names of academia were applying to the discipline they have been teaching.

Topics: Environment
Tags: Green growth, growth, natural capital, policy formation, teaching

Sustainable growth requires a long-term focus

Pascal Lamy, Ian Goldin, 28 March 2014

a

A

Just when we thought high-frequency trading couldn’t get any faster, a US communications company is developing a high-speed laser network between the New Jersey data centres of the New York Stock Exchange and the NASDAQ stock exchange, to shave an additional few nanoseconds off high-frequency trading times.

Topics: Environment, Financial markets, Global crisis, International trade
Tags: climate change, corporate governance, environment, global crisis, growth, high-frequency trading, mark-to-market accounting, short-termism, trade

Redistribution, inequality, and sustainable growth: Reconsidering the evidence

Jonathan D Ostry, Andrew Berg, Charalambos Tsangarides, 6 March 2014

a

A

Rising income inequality looms high on the global policy agenda, reflecting not only fears of its pernicious social and political effects (including questions about the consistency of extreme inequality with democratic governance), but also its economic implications.

Topics: Development, Poverty and income inequality
Tags: growth, Inequality, redistribution

Making city lights shine brighter

Shahid Yusuf, Danny Leipziger, 3 March 2014

Vox readers can download CEPR Policy Insight 71 for free here.

URL: http://www.cepr.org/active/publications/policy_insights/viewpi.php?pino=71
Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

Making city lights burn brighter

Danny Leipziger, Shahid Yusuf, 3 March 2014

a

A

Urbanisation and per capita GDP are well correlated.1 According to a recent estimate by Gilles Duranton using cross-country data for 2012 (see Figure 1), each percentage point of urbanisation is associated with a five-percentage-point increase in GDP per capita, with urbanisation apparently explaining 60% of the variation in incomes.

Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

Gaps, cracks and lacunae: The finance and growth nexus in low-income countries

Nauro F Campos, Stefan Dercon, 1 March 2014

a

A

Are quantitative and qualitative improvements in financial markets, institutions, instruments, and intermediaries positively and closely associated to the processes of economic growth and development? Does finance cause growth? Once upon a time, economists were deeply divided on these issues.

Topics: Development
Tags: Finance, growth, Low-income countries

The US manufacturing recovery: Uptick or renaissance?

Oya Celasun, Gabriel Di Bella, Tim Mahedy, Chris Papageorgiou, 24 February 2014

a

A

Amid increasing anecdotes of a ‘renaissance’ in US manufacturing, many commentators have argued that the sector may contribute more significantly to domestic GDP and global industrial output in future (e.g. Financial Times 2012, New York Times 2012, McKinsey Global Institute 2012, Citi Research 2013).

Topics: Global economy
Tags: Great Recession, growth, manufacturing, US

Firm age, investment opportunities, and job creation

Manuel Adelino, Song Ma, David Robinson, 12 February 2014

a

A

Economists have long been concerned with understanding how firms respond to changing investment opportunities. Indeed, this question is central to ongoing policy discussions about economic growth and job creation, since the way firms create jobs is by increasing investment and employment in response to new economic opportunities.

Topics: Financial markets, Labour markets, Productivity and Innovation
Tags: employment, entrepreneurship, firm age, growth, job creation, US

Vox eBooks

Events

Subscribe