growth
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Tech: The Goal, or Just Another Path to Growth?
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In 2012, the average resident of San Francisco supported about $76,000 in gross domestic —about $19,000 more than the average in Chicago. That gap has widened to more than $29,000 today. San Francisco’s economy is growing nearly three times faster on a per capita basis than Chicago’s. Meanwhile, San Jose…
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La democracia paga: nueva evidenca sobre su impacto en el crecimiento económico
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Es tentador ser escépticos sobre la relación causal entre democracia y crecimiento económico, especialmente con ejemplos como China, el eclipse de la primavera árabe o el aumento del populismo en Europa y Estados Unidos. Sin embargo, nueva evidencia empírica muestra que la democratización aumenta el PIB per cápita entre 20…
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The Older, the Better: Aging Nations in the Automation Era
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In 1938, Alvin Hansen—the “American Keynes”—introduced a phrase that would form the basis of worry for policymakers in developed nations the world over. In the face of plunging birth rates and ever-increasing life expectancies, OECD nations were soon to face a “secular stagnation,” with waves of retirees withdrawing from both…
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Dos lecciones de la minería chilena para incrementar la productividad en América Latina
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Uno de los grandes desafíos de América Latina es manejar eficientemente sus recursos naturales. Para lograrlo, es necesario aumentar la productividad, pues esta promueve el desarrollo económico a largo plazo. Sin embargo, en nuestra región, las mediciones que existen de la productividad en la industria de los recursos naturales son…
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How Organizational Changes Can Increase Competitiveness: Evidence from Brazil
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Productivity is a fundamental concept in business because it encompasses how employees, firms, and the economy as a whole efficiently transform their inputs into outputs. From the macroeconomic perspective, productivity is often analyzed using aggregate industry data in order to better understand the trends and drivers of economic growth. Likewise,…
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Banking Africa’s Underbanked
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Has growth in Africa’s financial sector been hindered by population density?
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Mid-sized Cities: Punching above their weight
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Medium sized cities are a major driver of economic growth in the American economy
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Temperature Shocks and Economic Growth
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Climate change is about more than just the weather. Three economists find that rising temperatures lead to falling economic growth.