Social experimentation in the face of formidable fables

Public welfare

Supply Chains and Rural Development in the Asia Pacific Region

Rapid income growth and urbanization are having profound impacts on the food system, food producers and rural areas in the developing Asia Pacific economies. Meeting the challenge of rural development will depend on better integrating rural areas with fast-growing urban areas where the composition of food demand is changing and the logistics of supply are growing more complex. Possible government options include investment in transportation infrastructure—roads, railroads and waterway—and providing rural communities and small-scale producers the tools they need to better adapt to the rapid spread of modern supermarkets and their supply chains.Community/Rural/Urban Development,

Diagnosing the UK Productivity Slowdown: Which Sectors Matter and Why?

This paper explores the slowdown in labour productivity growth in the UK and other advanced economies by decomposing its growth into contributions from different sectors of the economy, looking at both within-industry productivity growth and labour reallocation between sectors. We find that the within-industry contribution is the main source of the slowdown. Comparing trends pre- and post-2008, the aggregate productivity slowdown can be attributed largely to the manufacturing sector and the information and communication (ICT) sector. Disaggregating further, the UK productivity growth slowdown can be attributed mainly to transport equipment and pharmaceuticals within manufacturing, and computer software and telecommunications within ICT. Strikingly, these are advanced, high value-added sectors considered to be strengths of the UK economy. Looking across other advanced economies, our results confirm that manufacturing and ICT sectors are the main drivers of the slowdown, to differing degrees. Part of the explanation for the slowdown in in these sectors may relate to the underlying question of how to construct deflators for a modern economy when technological and structural changes are leading to large relative price shifts. The structure and supply chains of the key slowdown sectors also merit further investigation

Shop Notes

Contains reports on two research projects