Office for National Statistics’ Post

New paper alert!! 📢 Happy to see my paper at Economics of Innovation and New Technology.

New evidence on proxy indicators of market power for major European countries. Moderately increasing industry concentration, increasing proportion of high-concentration industries and oligopolistic structure over the last two decades. Aggregate profitability also shows a sustained increase. So, what about #competitionpolicy? Stay vigilant. Our paper with Tommaso Valletti and Gábor Koltay in the Journal of Competition Law & Economics. https://lnkd.in/efPhhBtN

Jackson Hole Paper: this is worthy of one’s time. Monetary policy & innovation merits much more attention. This paper provides insight into what is going to be a challenging period ahead for economic ecosystems that thrived under zero interest rate policy.

The latest edition of the Economic Intelligence Report is out today, discussing the Bliken-Xi meeting, Modi's visit to DC, and whether the Biden administration's int'l economic strategy counts as a systemic strategy:

https://lnkd.in/dA5_ePs4 Redefining the Economy: How the „economy‟ was invented in 1620, and has been redefined ever since

It's indeed a matter of great pleasure that my third publications but first Systematic Literature Review has been published in ICSB Journal, July-September, 2023.Abstract of the paper is: This paper presents a systematic literature review (SLR) that examines the intricate relationship between export diversification and economic growth in developing countries. Through an analysis of fifteen selected research articles sourced from Google Scholar, this study explores the theoretical foundations, empirical findings, and practical implications surrounding the interplay of these factors. The SLR reveals consistent evidence supporting the positive impact of export diversification on economic growth in developing nations, with various sectors exhibiting different growth potentials. The Heckscher-Ohlin theory and growth theories provide the theoretical backdrop, underlining the significance of effective productive structure development. Export instability's effect on economic growth yields mixed results, warranting strategies to mitigate adverse impacts. The role of trade liberalization and policy in fostering export diversification and economic growth is underscored, with recommendations for sector-focused strategies aligned with global supply chains. Contextual factors such as political stability and investment climate are recognized as critical considerations. While empirical evidence varies, studies analyse the long-run relationship and causality between export diversification and economic growth using diverse econometric techniques. The paper concludes with practical implications and policy recommendations, emphasizing the promotion of productive sectors, diversification, and the facilitation of a favourable entrepreneurial environment. This SLR contributes to a comprehensive understanding of the nuanced interactions between export diversification and economic growth in the specific context of developing countries.

I am pleased to share with you the findings of a coauthored paper with Pr. Epo Boniface Ngah and Dr.Abiala Ambiana Mireille. published in the Journal of the Knowledge Economy. Using the four World Bank’s Knowledge Economy (KE) pillars, the paper analyses their effect on financial development (FD) in sixteen lower-income, forty-two lower middle-income and thirty-five upper middle-income developing countries. This study covers data from 1996 to 2019 and employs a Pooled Mean Group (PMG) Panel ARDL estimation technique. Empirical results demonstrate that KE pillars (level of education, ICT, innovation landscape and institutional regime) have a positive and significant effect on the long-run financial development in all three income groups. The estimated long run elasticities were highest in the upper middle-income countries, except for the pillar capturing institutional quality. For further reading, you can freely access the paper here: https://lnkd.in/d2zPe2kY.