Productivity, firm size, and why distortions hurt developing economies
In many developing countries, productive firms remain too small, while less productive firms are too large. Such misallocation contributes to losses in aggregate productivity. This
The market value of non-degree credentials: New evidence from 37 million US workers
Non-degree credentials are rapidly multiplying as alternatives to traditional higher education, but in a largely unregulated market. This column draws on nearly 40 million US
An analysis of the EU telecom sector’s ability to remunerate its cost of capital
The EU’s digital economy relies on investments by the telecoms industry to keep the bloc at the forefront of digital innovation and connectivity. However, the
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
When broadband comes to banks: Credit supply, market structure, and information acquisition
Banks have long relied upon cutting-edge technologies to deliver products and improve efficiency, but there is limited evidence on the impact of fast internet on
Addressing Europe’s services dependencies
Recent shifts in the geopolitical order have created an urgent need for Europe to strengthen its strategic autonomy. This column discusses the economic security issues
When the cloud meets a thirsty world
Throughout history, water has been the quiet engine behind progress: farmers irrigate fields to grow crops; industry needs it to produce goods and generate energy;
Beyond just IT: cybersecurity as a foundation for economic growth
A cyberattack against Morocco’s National Social Security Fund, which resulted in the leakage of the personal and financial details of nearly two million people; a cyber heist of US$ 1.5 billion in Ethereum, from the
The future is Africa: Shaping AI-enabled EdTech for skilling the next generation
By 2050, one in three of the world’s children will live in Africa. Yet this demographic shift coincides with a profound learning crisis: over 70 percent
European stocks rise, dollar steadies as markets look past Venezuela turmoil
Euro zone government bond yields dropped after the data, with the benchmark ten-year German yield at 2.8561%. Stock markets continued to rally in early European
