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Blog Post
April 10, 2024
The UK Government has committed to producing a strategy on how the UK will support local leadership on development, climate, nature and humanitarian action; and its Foreign, Commonwealth and Development Office has endorsed a Donor Statement on Supporting Locally Led Development. Lisa Nandy, Labour’s...
Blog Post
April 04, 2024
A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to “star firms,” a small set of firms that generate abnormal returns for their investors. A common concern is that these firms exert excess market power and behave as...
Blog Post
December 06, 2023
Men are the majority customers in bank lending portfolios throughout the world. The gender gap in access to credit is larger in developing countries and especially onerous for women entrepreneurs who suffered disproportionate employment and income losses during the recent COVID pandemic. What drives...
Blog Post
November 09, 2023
There are so many studies regarding so many aspects of development economics that it can be difficult to keep up. Last week was the North East Universities Development Consortium annual conference, often called NEUDC. Researchers presented more than 130 papers across a wide range of topics, from agr...
Blog Post
October 05, 2023
A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...
Blog Post
September 13, 2023
For 20 years, the Commitment to Development Index has assessed countries' policies and the level of effort they go to in order to contribute to international development. Because development depends on much more than foreign aid, the Index looks at countries’ performance across eight different polic...
Blog Post
May 22, 2023
The tide is turning: the economic recovery in the Asia-Pacific region is picking up steam. Last week’s forecasts from the IMF suggest that economic growth in the region’s developing and emerging countries will rise from 4.4 percent in 2022 to 5.3 and 5.1 percent in the current and following year. Th...
Blog Post
April 19, 2023
According to the IDB’s independent evaluation office, only 53 percent of IDB sovereign projects in the latest validation cycle were successful in the four core areas of relevance, effectiveness, efficiency, and sustainability. This falls considerably short when compared to the World Bank's 80 percen...
Blog Post
April 17, 2023
To what extent are the high returns on capital of "star firms" due to unmeasured differences in intangible invested capital? Once these differences are corrected, how do star firms differ in their output and investment strategies from other firms? Our evidence points not to exploitation of market po...
Blog Post
April 11, 2023
Regulatory arbitrage—the practice whereby banks try to escape jurisdictions with more stringent regulations in favor of less stringent ones—has been a topic of active research interest. Previous research has shown that banks do indeed direct financial flows to countries with less strict regulations,...