Research publications

  1. How to balance fiscal responsibility with employment objectives?

    16 May 2017

    As a number of emerging countries grapple with revenue constraints and weak growth, it is important to learn lessons from recent experience in this area, and to bear in mind that fiscal and employment goals can be achieved together.

  2. Top income share and economic growth: Linear and non-linear effects

    09 May 2017

    This paper estimates the impact of inequality on growth, focusing on non-linearity and using top income share data that provides us with yearly observations over a long time period. A first result is that the relationship between inequality and growth is non-linear in contrast with most existing studies which focus on a linear relationship. Using panel threshold regression and panel smooth threshold regression methods, we show that the impact of inequality on growth is negative but the effect is larger when inequality is low. This result differs from existing work that stresses either a positive effect using linear estimation or a concave relationship using simple non-linearity. Lastly, heterogeneity across countries is related to the magnitude and the timing of the change in the elasticity.

  3. Regulating the use of temporary contracts by enterprises

    09 March 2017

    The use of temporary employment allows enterprises to adjust their workforces to changing circumstances. However, an over-reliance on the use of temporary workers can lead to productivity challenges, both for individual firms and for the overall economy. Legislation governing the use of temporary contracts plays an important role in influencing firms’ decisions on how intensively to rely on temporary labour.

  4. Reducing Decent Work Deficits in Periods of Low Growth

    10 February 2017

    In recent years, the global economy has been gravitating towards what could be considered ‘new normal’ lower levels of growth. The idea of persistently lower growth has become increasingly important as GDP growth rates continue to remain below expectations, and lower than the rates achieved in the pre-crisis period. Should this protracted period of lower growth prove to be structural rather than cyclical, an adjusted approach to reducing decent work deficits will be called for. Indeed, at current levels of growth, the capacity of the global economy to create a sufficient number of quality jobs and achieve the target of “full and productive employment and decent work for all”, as set out in Goal 8 of the Sustainable Development Agenda, may be compromised.

  5. The distribution of value added among firms and countries: The case of the ICT manufacturing sector

    10 January 2017

    This paper investigates the evolutions of the supply chain in ICT manufacturing sector since 2000 and discusses the impact of these evolutions in terms of distribution of the value added across firms and across countries. These evolutions stem from massive reconfigurations in the industry which began in the early 1980s leading to a deep transformation in the international division of labour. This paper also discusses the opportunities and conditions for economic upgrading in the ICT value chain through several examples.

  6. New technologies: A jobless future or golden age of job creation?

    02 November 2016

    This paper explains the dynamics of job destruction and job creation in the context of technological change. It explores the role of economic, social and political forces in shaping the nexus new technologies, innovation and job. While process innovations destroy jobs, this paper identifies endogenously triggered market adjustment and societal learning processes as the drivers of job creation dynamics. It highlights the role of Governments in fostering these processes and shaping the future of jobs.

  7. Employment Protection Legislation to Promote Quality of Job Creation

    02 November 2016

    An effective system of Employment Protection Legislation (EPL) must balance, among other things, the needs of workers for income and job security with employers’ need to adjust the workforce in an increasingly dynamic world of work. Indeed, rather than debating the benefits of more versus less EPL, more attention should be paid to the correct design of EPL, its interaction with other benefits, and its implementation and effective enforcement.

  8. Debt and productivity: Evidence from firm level data

    04 July 2016

  9. Firm dynamics and business cycle: What doesn’t kill you makes you stronger?

    23 June 2016

  10. What works: Active labour market policies in Latin America and the Caribbean

    21 June 2016

    This report examines the effectiveness of active labour market policies implemented in Latin America, notably policies carried out in Argentina, Colombia and Peru.