Aspirations in Economics: A Review
Abstract: This paper reviews the literature on aspirations in economics, with a particular focus on socially determined aspirations. The core theory builds on two fundamental principles: (a) aspirations can serve to inspire, but still higher aspirations can lead to frustration…
Power for the People: how should governments develop electric grids?
More than a billion people currently live without access to electricity in their homes. As policymakers push for increased electricity access, Susanna Berkouwer (University of California, Berkley) examines the work EDI is doing to answer the key question: how can…
How do institutions affect economic development?
The Economic Development & Institutions (EDI) research programme aims to provide evidence and insights into what practical actions can be undertaken to produce institutional changes that will improve a country’s economic development and growth. The importance of a country’s institutions…
Highlights from the Economic Development & Institutions conference 2019
Between 3 and 4 June 2019, the Economic Development & Institutions programme hosted its annual general conference. The event, held in Paris, brought together nearly 50 EDI researchers, members of the scientific committees, independent advisory committee and programme management staff….
Institutions, Development and Growth
Where does the evidence stand on institutions, development and growth? This paper explores the empirical evidence on institutions and growth. The empirical evidence on institutions ranges from historical studies to econometric analyses, with different studies making very different theoretical commitments…
Spotlight on Formal and Informal Institutions
Louis Kasekende (Deputy Governor, Bank of Uganda) discusses the role of formal and informal institutions in the financial sector. He refers to recent EDI path-finding research papers to focus on the transition from informal to formal institutions and its effect…
Spotlight on Conflict and Development
Joan Esteban (Institute for Economic Analysis) and Debraj Ray (New York University) explain how civil wars are the major impediments to growth, and offer three lessons from existing research. Watch our Spotlight on Conflict and Development below:
Spotlight on Migration and Institutions
Kaivan Munshi (University of Cambridge) explores how labour movements and development are linked, and provides insight into the role of policy around this area. Watch the video below for his overview:
Spotlight on Inequality and Institutions
Sam Bowles of the Santa Fe Institute explains how institutions are the rules of the game, that regulate how we interact with each other. “If we don’t understand how institutions work, we can’t possibly understand how economies change,” he says….
An Introduction to Economic Development & Institutions
A number of EDI colleagues and advisors provide an introductory overview of the Economic Development and Institutions research programme. “If you want to reduce the income gap between the poorest and non-poorest countries in the world, then you have to…