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Publications (17)
– Reflections on my first six months as Director
My first six months as Director of UNU-WIDER have been busy, enlightening, and rewarding. We’ve launched a new work programme, with flagship projects focused on a cohesive research base addressing key SDGs; I’ve also worked on fostering partnerships to cement the Institute’s place as a valuable...
Working Paper
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– An interpretative survey
When India became a republic in 1950, the economy was primarily agrarian, with three-fifths of output originating from agriculture. In the sixty years since independence, there has been a significant transformation of economic activity away from agriculture, with less than one-fifth of output now...
– The potential electoral consequences of demonetisation
In the campaign leading up to the Lok Sabha elections in spring 2014, one of the more important promises that Narendra Modi made was to ‘clean up’ the economy by bringing back to India all the illicit money that was purportedly stashed away overseas. After coming into power, the government led by...
– Five key policies assessed
When Narendra Modi became India’s prime minister in spring 2014 the Indian economy was in the doldrums. There was a clear policy paralysis in India’s central government, in large part due to the high profile corruption cases that involved the central government bureaucracy and politicians at the...
– Letter from the Director
2020 promised to be a big year for UNU-WIDER, with the celebration of our 35th anniversary, the 45th birthday of UNU, and 75 years of the UN. But as the year began, our focus quickly shifted away from celebrations and towards the more pressing concerns of an unprecedented global pandemic. The moment...
Working Paper
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In many low-income transition countries, where formal institutions such as courts do not function effectively, informal institutions are often used by firms to minimize transaction risks. We examine the role of informal institutions, in the forms of relational contracting and social networks, in...
– Framework and policy guidebook
This framework utilizes business interests and the distribution of political power to understand the episodic nature of economic growth in fragile and conflict-affected states. Conflict, state capacity, and legitimacy are analysed alongside the business environment and structural transformation to...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
In many low-income transition countries, where formal institutions such as courts do not function effectively, informal institutions are often used by firms to minimize transaction risks. We examine the role of informal institutions, in the forms of relational contracting and social networks, in...
Working Paper
pdf
Two well established stylized facts of economic development are a strong correlation between investment and income, and large differences in investment rates across countries. Construction is the largest component of investment. This paper examines the implications of heterogeneity in construction...
– What difference do they make?
The socioeconomic fallout from the ongoing COVID-19 pandemic has brought to the fore discussions on domestic resource mobilization (hereafter DRM). Raising domestic taxes has monopolized policy attention, however, given the attendant and ensuing needs in developing countries, raising savings rates...
Working Paper
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The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...
Working Paper
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– Disentangling the roles of trend and cycle
Resource mobilization continues to be an important policy challenge for developing economies, raising questions as to what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of continuous time series data, we causally identify, using a...
Working Paper
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– The doubly false premise of rules reform
The World Bank’s Doing Business reports have evoked an intense policy debate about whether countries should simplify regulatory rules in order to stimulate investment and growth, or make them more stringent in order to achieve public policy objectives. Both sides of this debate, however, assume that...
Blog
The COVID-19 pandemic has wreaked havoc on the global economy, with world output contracting at 3.5% in 2020, and no recovery likely before the fourth quarter of 2021. Similar to other developing regions, sub-Saharan Africa recorded a 2.6% decline, following strong growth of 3.2% in 2019...
Blog
– What needs to happen next time
Coronavirus lockdowns brought the world to a standstill. Rules on hygiene and social distancing have reshaped daily life, schools and businesses had been closed, and gatherings banned. Almost 2.7 billion workers, representing around 81% the world’s workforce, have been affected by partial or full...
Working Paper
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– A survey of structural transformation and inequality dynamics
This paper discusses the ‘developer’s dilemma’—a tension emerging from the fact that developing countries are simultaneously seeking structural transformation and broad-based growth to raise incomes of the poor. Simon Kuznets originally hypothesized that structural transformation may have a tendency...
Displaying 16 of 17 results