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.

The process that economists call labour market dynamics lets workers improve their lives by switching jobs. But do our assumptions about it apply in LMICs? Because if the dynamics are different, then maybe the policies should be different as well. Kevin Donovan and Todd Schoellman tell Tim Phillips about the surprising evidence they discovered about labour market flows, and why it might lead us to rethink job creation policy in LMICs.

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.

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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.

Recorded at CEPR Paris Symposium 2023: How can macroeconomics (and macroeconomists) contribute to what we know about development policy? 

The availability of better data has given fresh impetus to the use of macroeconomic models to explain the development process in LICs. Doug Gollin and Paula Bustos talk to Tim Phillips about this emerging agenda, what questions it is helping to answer, and the challenges of the next generation of research. 

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.

Research shows that policymakers have consistently endorsed the use of industrial policy. And now economists are increasingly talking about – and researching – the benefits of it too. Dani Rodrik talks to Tim Phillips about what we know about its effectiveness, and the evolving policy agenda that it represents.

How does place-based policy work, and what can it deliver? Gordon Hanson has spent many years studying the economic importance of where people live, and what policy can do to improve those places. He talks to Tim Phillips and what has historically succeeded and failed in US cities, and how that knowledge can be applied elsewhere.

What is the fairest and most efficient way to improve not just access to education, but outcomes too? Should policymakers focus on a broader markets and systems approach to education reform? Emiliana Vegas and Asim Khwaja tell Tim Phillips about what a markets and systems approach to delivering education reform is, and what it has already achieved in Pakistan and Chile.