The 4th Annual IGC Bihar Growth Conference is currently being held in Patna from 19 - 20 July 2014.
In the past, the conference has brought together political leaders, senior bureaucrats, and leading academics together to generate ideas for growth. Last year, over 200 people attended the conference, and continuing with the trend, this year we have an impressive lineup of speakers promising a stimulating two days of debates and discussions.
Please see the event page for a programme and summaries as they become available.
Recent literature has documented surprising differences in firm-level performance between and within developing and more developed countries (Syverson 2011, Hsieh and Klenow 2009, Joner and Romer 2010). Poor management practices are likely an important factor behind the lower levels of development in Asia, Africa and Latin America, hampering the manufacturing sector’s ability to innovate, exploit new technologies and react to the challenges and opportunities of globalization.
The success story of M-PESA in Kenya raised hopes that massive mobile money adoption would promote financial inclusion of the poor. This is particularly true in sub-Saharan Africa where the poor had very limited access to formal financial services before the introduction of mobile money technology. In Mozambique, recent research has shown considerable adoption of mobile money in rural areas within one year of its introduction. However, it remains to be understood how information and adoption diffusion occurs in the case of this innovation.
On Tuesday 10th June 2014, IGC researcher John Sutton delivered the Bank of Tanzania’s Seventh Gilman Rutihinda Memorial Lecture, on the topic of “Gains from the Natural Gas: Local Content and Tanzania’s Industrial Development”. The lecture was chaired by Bank of Tanzania Governor Prof. Benno Ndulu, and was attended by over 150 stakeholders from the Bank of Tanzania, Government departments, civil society organisations, donors and the private sector.
Using aggregate indices of education, health, demographic, and gender equality outcomes, we empirically investigate the hypothesis that Bangladesh achieved a higher level of social development compared with countries of similar level of per capita income. Stylized facts and cross-country regression results support this hypothesis for a broad range of dimensions. Further tests show that such achievements do not simply reflect income-mediated channels and social expenditure programs.
On Thursday 12 June the IGC's Political Economy Working Group held a workshop at the Institute for International Economic Studies (IIES) in Stockholm, Sweden. This meeting was scheduled the day before a meeting of the CEPR Annual Symposium on Development Economics, held jointly with the PODER network. The date was picked in order to take advantage of the presence of several scholars in development that travelled to Stockholm for the occasion.