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Showing all content in Inclusive Growth
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Blog post
Is green growth possible? Revisiting the Environmental Kuznets curve
Can economic growth be environment friendly? IGC Policy Economist, Matei Alexianu, looks at what we can learn from economic theory and evidence from around the world. He argues that both the optimistic and pessimistic views are unconvincing, and developing countries should use environmental policy to mitigate the costs of growth. Is there a trade-off between economic...
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Blog post
Are women politicians good for economic growth?
There has been a phenomenal global increase in the proportion of women in politics in the last two decades. We find that constituencies that elect women experience significantly higher growth in economic activity through the electoral term than similar constituencies that elect men.
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Blog post
IGC Quick Clicks: The unintended consequences of policies
Have you ever made a decision and felt it was rational and well thought through only to later realise it resulted in something you had never imagined? Now, think about how this would apply to national policies. The possible indirect impacts are innumerable and sometimes unforeseeable. This post looks at the unintended consequences public policies and interventions have had...
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Blog post
IGC Quick Clicks: How will technology impact the future of work?
Did you know that once upon a time in the UK there was a designated person, often a night watchman or ‘knock upper’, to wake people up every morning? Then came alarms and two centuries later, mobile phones – with them the job of ‘knock upper’ died. These and many other ‘machines’ have slowly made previously staple jobs redundant. Technology has been changing...
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Blog post
Is GDP an adequate measure of development?
An increasing GDP is often seen as a measure of welfare and economic success. However, it fails to account for the multi-dimensional nature of development or the inherent short-comings of capitalism, which tends to concentrate income and, thus, power. In this blog post, André Castro and Manish Prasad, make a case for using alternate measures of development such as the...
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Event
How will technology impact the future of work in developing countries?
Rapid technological advancement brings the promise of higher productivity and increased efficiencies, affecting the quantity and quality of jobs available, as well as how and by whom they are carried out. While the future of work offers considerable opportunities for both advanced and developing economies, there are also significant challenges associated with the broader...
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Blog post
Who are William Nordhaus and Paul Romer? And why did they win the Nobel prize in economics?
The latest on the Nobel prize in economics. The basics: Who are they? William Nordhaus of Yale University is a pioneer in the economics of climate change. He won for his work on integrating climate change into long-run macroeconomic models. Paul Romer of NYU Stern won for his work on the endogenous growth model and his emphasis on the integration of technological...
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Event
International conference on public finance
To commemorate the ten years of the Centre for Economic Policy and Public Finance (CEPPF), IGC India in collaboration with ADRI, is organising an International Conference, titled 'Public Finance: Theory, Practice and Challenges’. As part of the conference, we will host a panel on Health Finance (Does Ayushman Bharat address the issues of healthcare delivery in Bihar?) and...
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Blog post
World’s first development impact bond
About three years ago, an experiment in the financing and delivery of a programme aimed at increasing girls’ school enrollment and achievement began in Rajasthan, India. In this rural area, where agriculture is the main form of subsistence, one in 10 girls aged 11-14 are kept out of school, for reasons such as contributing to the family income or caring for siblings. A...
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Blog post
Revisiting the balance of payments and the fiscal deficit
Countries left-and-right are battling fiscal crises. Have we been too stringent, or not enough? This last blog in a series thinks about how fiscal policy might look different in unorthodox times. A prudent fiscal stance and a healthy balance of payments have been standard prescriptions for emerging economies. Manageable debts and a slim deficit keep macroeconomic crises...