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WORKING PAPERS
March 15, 2023
This paper examines the effectiveness of income protection and job protection policies for the post-pandemic economic recovery of the second half of 2020 through 2021. The empirical analysis shows that, in the short run, higher expenditure on job protection measures is associated with more robust GD...
Blog Post
March 15, 2023
The COVID-19 pandemic resulted in the deepest global recession since World War II. Countries across the world implemented substantial mitigation measures in response to the economic shock of the pandemic, with the size of the economic stimulus measures averaging about 5.6 percent of GDP. Social pro...
Blog Post
March 09, 2023
Dana Hyde showed tremendous leadership and wisdom as the fourth head of the Millennium Challenge Corporation (MCC), serving for nearly three years during President Obama’s second term. These brief notes on her leadership are our way of providing a tribute to her major contributions to MCC’s effectiv...
WORKING PAPERS
March 07, 2023
The Korean model of development that flowered in the final third of the twentieth century remains a fertile source of lessons for countries in sub-Saharan Africa attempting to achieve sustainably high rates of growth. Korea relied on two principal drivers. One was a high level of investment in manuf...
Blog Post
March 06, 2023
I'm not a huge fan of arbitrary lines through country income levels to create income thresholds. That is because there is no obvious clustering of countries within the global (country-level) income distribution, and moving from one income status to another does not correlate with trend breaks or end...
Blog Post
March 06, 2023
The Sustainable Development Goals commit the world to ending extreme poverty by 2030. More cautiously, the World Bank’s twin goals suggest it can help reduce extreme poverty to 3 percent by 2030. Neither goal can be accomplished unless the extreme poverty line is (finally) fixed rather than constant...
WORKING PAPERS
March 06, 2023
We develop scenarios for the shape of the global economy in 2050 building on a simple regression of the historic relationship between current income and lagged income, demographic features, climate, and education, using the coefficients to develop a “central” forecast and error terms to set high and...
Blog Post
March 03, 2023
Next week, a once-in-a-decade UN conference will meet to address the challenges facing Least Developed Countries (LDCs). It will plan delivery of the Doha Programme of Action (PoA), and review implementation of the Istanbul PoA. As part of this, attention should be given to a set of lesser-known UN ...
Blog Post
February 27, 2023
Strengthening women’s land rights has important policy consequences for poverty reduction and gender equality in sub-Saharan Africa (SSA). It is an issue that is also in alignment with realizing the UN Sustainable Development Goals (SDGs) of ending all forms of poverty and achieving gender equality ...
Blog Post
February 16, 2023
A frustrating healthcare situation exists in many low-income countries: deaths are often due to poor quality care rather than the lack of access to care. Despite sustained investments in health service delivery and increases in the use of health services health outcomes have remained poor.