Sophisticated Tools. Practical Approaches.

Stimulating growth is the top economic priority for many countries and localities around the world. Yet many are trapped, lacking the productive capability to solve problems and expand to new industries to drive development. New growth strategies need paths, processes and organizations to address this problem.

Leading Economic Growth (Online) brings together leading experts in economic development with practitioners from around the globe to focus on practical approaches to shared growth and development. Led by Professor Ricardo Hausmann and Professor Matt Andrews, the curriculum provides a framework for understanding economic growth, as well as sophisticated tools for diagnosis, decision making, and implementation.

By: Keita Takemura (MPA/ID ’22)

As an intern with the Growth Lab, I was working with the National Bank of Ethiopia on macroeconomic issues. Ethiopia has achieved rapid economic growth from the early 2000s, alongside large capital account and fiscal deficits (when the deficit is broadly defined). In spite of this situation where depreciation would be necessary to clear excess demand for FX, the exchange rate has not been devalued in a manner consistent with the level of deficit monetization. The exchange rate control, together with restrictions on financial account...

This blog post originated as a thread on Twitter. Written by Frank Neffke. 

At the Growth Lab, an interdisciplinary team of researchers explores the foundations of economic growth from both an academic and applied angle.

Our Economic Complexity approach starts from the assumption that technology takes the form of tools, codes and knowhow. Because each individual can only acquire so much knowhow in a lifetime, a country’s collective knowhow grows by distributing different bits...