Statement Before The U.S. House Of Representatives Committee On Financial Services: Hearing on Contributing Factors and International Responses to the Global Food Crisis.

Decades of research have been unable to conclusively show either a positive or negative effect of aid on economic growth in poor countries. CGD senior fellow Arvind Subramanian and Raghuram G. Rajan use a new technique in their latest working paper that suggests aid slows the manufacturing sector b...

In this working paper, the authors shed light on systemic problems of variability and valuation in the Penn World Table GDP estimates that distort cross-country comparisons of the data. They propose creating a new chained series that values all data at PPP prices and makes better use of disaggreg...

The authors suggest a new approach assessing carbon taxes on imports to address the concerns from high-income countries about the effect of taxes on competition without damaging trade from developing countries.

In this paper Arvind Subramanian and co-authors investigate the differential effects of cooperatitve policy action on climate change and find that one size doesn't fit all. Policy instruments should distinguish between low- and high-carbon countries to avoid serious trade consequences.

The paper proposes a new narrative on climate equity that emphasize basic energy needs and the equality of access to energy opportunities rather than emissions. It advocates abandoning the setting of emissions targets and instead developing a framework where all countries contribute to maximizing te...

What happens when capital and sophisticated goods flow uphill, from poorer to richer countries? With a new dataset of foreign direct investment and a measure of the sophistication of exports, CGD senior fellow Arvind Subramanian and his co-author Aaditya Mattoo find that developing countries sending...