VoxDev Development Economics

If you go to college in a low- or middle-income country (LMIC), how does it help you, and what do you get from it? Two questions that would seem to have obvious answers – but these questions may be more complicated for policymakers to answer than they seem. Jishnu Das tells Tim Phillips that “the demographic dividend seems to be turning into a demographic nightmare” – and what researchers and policymakers can do about it.

Does being rich make us happy, or is it being richer than other people that matters? Will interventions that alleviate poverty also improve someone’s well-being? If we can improve a person’s mental health, does this have an economic effect too? Johannes Haushofer and Daniel Salicath tell Tim Phillips what we know so far about these questions, and how future research can help us understand the psychology of poverty.

Who should select political candidates, the people or the party? Abou Bakarr Kamara and Niccoló Meriggi talk to Tim Phillips about an experiment in Sierra Leone that convinced two major political parties to adopt a primary system for candidate selection. Did that mean that different candidates stood in the election, and that different MPs were chosen?   Photo: Carol Sahley/USAID

Universal basic income – UBI – has always been more an economic thought experiment than serious policy idea. It’s now being taken seriously, but any large-scale implementation would need solid empirical evidence to justify the cost. Tavneet Suri tells Tim Phillips about the surprising insights from the early stages of a decade-long test of UBI in Kenya, and what we expect to learn as the experiment progresses.

Exploring labor market dynamics in LMICs, the podcast reveals surprising evidence about job flows and challenges assumptions. Discussions on job turnover rates, self-employment as a necessity, redefining employment definitions, and navigating transitions in developing countries highlight the need for data-driven policies and rethinking job creation strategies.

The need for humanitarian relief is at record highs, while support from the international community is dwindling. Should we divert funding from development policies designed to deliver growth to focus on the most efficient ways to provide humanitarian assistance instead? And, if we did, what would those policies be? Arif Husain of the UN WFP tells Tim Phillips about the growing funding gap for aid, the urgent need to improve global food security, and the consequences if we choose not to act. Photo credit: doganmesut - stock.adobe.com

How useful is generative AI in helping entrepreneurs become more successful? Rem Koning is one of a team of researchers who created an AI mentor for entrepreneurs in Kenya. He tells Tim Phillips about which questions the mentor was asked, and which businesses profited from its AI-driven advice.

Mobile money has created many opportunities for users. But its fees can be expensive. One solution: create competition between mobile money providers in Africa through interoperability. But if we reduce the profitability of providers, might it also reduce network coverage, and therefore financial inclusion too? Nicola Limodio tells Tim Phillips about the upside and downside of competition in Africa’s mobile money market.

Exploring the use of macroeconomic models in development policy. Advancements in macro and micro research in development economics. The role of international trade in growth. The impact of the Steg Initiative on macro development economics. Areas for future research in development economics.

What is the role of state capacity in economic development? Nicola Mastrorocco spent five years digitalising civil service records from a century of economic development in the US, showing how a century of bureaucracy changed the US, and what this tells us about how a state bureaucracy evolves.