Bringing behavioral economics to development

May 19, 2015

A new wave of public policymaking informed by behavioral economics and psychology submits the assumptions of the rational actor to scrutiny. Public debates are now assessing the introduction of behavioral interventions in many domains, including organ donation, taxes, retirement savings, and employment schemes. In the spirit of such innovative programming, the World Development Report 2015:  Mind, Society, and Behavior examines hundreds of studies to find applications of behavioral insights in successful interventions in developing countries. 

See also the BROOKINGS blog post by Karla Hoff and James Walsh “Bringing behavioral economics to development”   Read More.

See also at a glance infographic of the “World Development Report 2015: Mind, Society and Behavior.”  Read More »

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Open skies: Estimating travelers’ benefits from free trade in airline services

May 21, 2015

Recently, a coalition of American legacy airlines and labor unions have lobbied the Obama administration to restrict open skies access for some Middle East carriers. In the wake of these events, BROOKINGS discusses deregulation of the airline industry through open skies agreements. They cite a new paper  by Clifford Winston and Jia Yan (OSAs), where the authors find that deregulation has generated at least $4 billion in passenger savings by stimulating competition

Read the complete post here.

Does better education really drive economic growth?

“Make no mistake: education presumably does raise productivity. But to say that education is your growth strategy means that you are giving up on everyone that has already gone through the school system…”

By Ricardo Hausmann

Jun 1 2015

via Does better education really drive economic growth? – Agenda – The World Economic Forum.

A quote to grow

[…] industrial policy never went out of fashion. Economists enamored of the neo-liberal Washington Consensus may have written it off, but successful economies have always relied on government policies that promote growth by accelerating structural transformation.

– Dani Rodrik

IMD releases its 2015 World Competitiveness Ranking

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“May 27, 2015

IMD today announced its annual world competitiveness ranking. As part of its ranking of 61 economies for 2015, the IMD World Competitiveness Center looks at several aspects of each country as a place to conduct business.”

View the complete press release.

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Welcome!

word cloud with logoWe are a student organization at the University of Chicago Harris School of Public Policy.

In GROWTH, we believe that private agents in the market drive value creation and economic growth. We seek to raise awareness of the importance of public policies for wealth creation, private sector development, productivity and competitiveness. We also study ways to make public policy better support these outcomes.

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