VoxDev Development Economics

What is the social cost of carbon? What can it tell us about the effects of, and the feasibility of policies to cope with, climate change? Michael Greenstone tells Tim Phillips about how the process of assigning a value to the cost of emissions, and how that can help us to think clearly about the choices we make.

Macroeconomic development policies can be effective to combat poverty. But a lot of research uses smaller-scale RCTs and experiments. Can macro theory and micro empirical research complement one another? Francisco Buera and Joseph Kaboski tell Tim Phillips how this can work in practice, and how it can lead to better policy.

The rapid spread of GVCs has revolutionised the manufacture and supply of … everything. We can point to trade statistics to show that. But what aspects of the relationship between producers and buyers aren’t captured in these statistics? Long-time observers of GVCs Julia Cajal Grossi and Rocco Macchiavello explain to Tim Phillips how supply chains really work.

In developing countries, electricity is still mostly generated from fossil fuels. So how quickly can that change? And what policies are needed to speed innovation in renewables and the transition to using them? John Van Reenen of the London School of Economics and Mar Reguant of Northwestern talk to Tim Phillips.

We tend to discuss changes to the natural environment in big, global numbers. But the impact of those changes is felt in different ways by different people in different places. Tamma Carleton and Reed Walker talk to Tim Phillips about the inequality of environmental damage, and how more detailed data and analysis can help policymakers target their interventions.

Where there are no markets for clean air or drinkable water, can regulation step in? The latest lecture in the Bread-ICG lecture series on environmental economics explored the challenges of environmental regulation in developing economies. Rohini Pande and Nick Ryan talk to Tim Phillips.

When the state is weak, autocratic traditional chiefs control the provision of public goods. If they don’t have the technical skills that these tasks need, can delegation to technocrats or inclusive decision-making improve outcomes? Katherine Casey tells Tim Phillips about the results of an experiment in Sierra Leone.

Policies and commitments to tackle climate change emerge from global meetings and conferences. In our latest episode examining policy for environmental economics in development, Bard Harstad talks to Tim Phillips about how economics can help us make (and stick to) international commitments.

In future we’re going to have to cope with a more volatile climate, but how can we increase the resilience of the most vulnerable communities? An analysis of droughts in the US in the 1950s shows how the financial sector can help communities to adapt to large climate shocks – and what happens when credit is not available. Raghuram Rajan and Rodney Ramcharan talk to Tim Phillips.

In the second of our episodes examining policy for environmental economics in development, Seema Jayachandran and Ben Olken talk to Tim Phillips about how to reduce pollution and increase conservation, while protecting the livelihoods of the global poor.