Sustainable Growth Newswire
EPF compiles a selection of policy oriented-research from around the globe pertaining to its policy initiatives. To receive a weekly email of the newswire, please subscribe to our newsletter
How do sovereign credit ratings help to financially develop low-developed countries?
The paper investigates the importance of having a sovereign credit rating for a country’s financial development. After controlling for endogeneity and selection bias, the authors compare different aspects of the financial sector and the capital markets of recently rated countries with otherwise similar, but unrated countries. The findings indicate that obtaining a sovereign credit rating changes the composition of the assets of domestic banks and leads to a growth in bank assets. With a sovereign rating, the government is less…
A long-term perspective on the development experience of emerging and industrialised economies
This paper describes development patterns beyond GDP in a long-term historical perspective. It revisits the discussion on the goals of development in light of the current discussions on ‘Beyond GDP’, provides evidence on GDP and well-being outcomes since 1820 in a broad range of developing and emerging countries, and compares the experience of early industrialising countries and more recently emerging ones. OECD | A long-term perspective on the development experience of emerging and industrialised economies
Forget GDP – for the 21st Century We Need a Modern Growth Measure
It is critically important that we monitor societal progress and design responsive policies to 21st-century challenges, such as climate change, the marginalization of more than a billion people, resource depletion and emerging pollution-driven health crises. We need reliable metrics to know how we are performing on the yardsticks of our economy, sustainability and social harmony. Unfortunately, our radar to track progress is far from satisfactory. Countries still use a 20th-century metric to measure well-being: Gross Domestic Product (GDP). IISD| Forget…
Regional Risks for Doing Business
The World Economic Forum has been publishing The Global Risks Report since 2006, highlighting each year the vulnerability of our increasingly networked and interconnected world to volatility and disruption. The relevance of the risk perspective has only increased with time. Globally, we have been living through a period of unprecedented improvements in living standards, but this period is also unsettled and unsettling. We can see signs of how vulnerable many of the complex systems that make up our world are:…
How Can Countries Reduce Poverty Faster?
While the total number of impoverished people worldwide is declining, the rate of progress is not as fast as it needs to be to achieve the Sustainable Development Goal of ending extreme poverty by 2030. To increase the pace of poverty reduction, lessons from the recent past can help. PS | How Can Countries Reduce Poverty Faster?
Developing Robust Project Pipelines for Low-Carbon Infrastructure
This report aims to provide policy makers with a comprehensive examination of “project pipelines”, a common concept in infrastructure planning and investment discussions, and one which has become a focal point in countries’ efforts to implement their climate commitments. The analysis is structured around some basic but important guiding questions, including: What is meant by project pipelines? How can we characterise them? What concrete approaches and actions can governments and other public institutions take to develop project pipelines and mobilise…
Green-win Narratives
The booklet Green-win Narratives developed through the course of the GREEN-WIN project within the Global Dialogue and the detailed studies carried out by the project partners. The GREEN-WIN project is a major international transdisciplinary research collaboration supported by the EU. It applies a solution-oriented approach targeted at increasing the understanding of links between climate action, economic development, and sustainability. Green-Win Project | Green-Win Narratives
Blue Economy: Community Solutions
This publication includes examples from across different continents, ecosystems and cultures, but they all address the priorities of livelihoods and conservation in combination and bring benefits on both fronts. By giving local communities an immediate, concrete stake in the sustainable management of the ocean’s resources, these projects have each secured the local stewardship they need to be a viable, long-term part of the blue economy. GEF | Blue Economy: Community Solutions