Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy over a certain period of time. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP.
Rent-seeking is the act of growing one’s existing wealth without creating new wealth by manipulating the social or political environment. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, and potential national decline.
The Institute for Fiscal Studies (IFS) is an economic research institute based in London, United Kingdom, which specialises in UK taxation and public policy. It produces both academic and policy-related findings.
Econometrica is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is Guido Imbens.
Robert Joseph Barro is an American macroeconomist and the Paul M. Warburg Professor of Economics at Harvard University. Barro is considered one of the founders of new classical macroeconomics, along with Robert Lucas, Jr. and Thomas J. Sargent. He is currently a senior fellow at Stanford University's Hoover Institution and co-editor of the influential Quarterly Journal of Economics.
Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and other short-term stays in a destination country do not fall under the definition of immigration or migration; seasonal labour immigration is sometimes included, however.
Fabrizio Zilibotti is an Italian economist. He is the Tuntex Professor of International and Development Economics at Yale University. Zilibotti was previously Professor of Economics at University College London, the University of Zürich, and at the Institute for International Economic Studies in Stockholm.
Sir Richard William Blundell CBE FBA is a British economist and econometrician.
Konstantinos "Costas" Meghir is a Greek-British economist. He studied at the University of Manchester where he graduated with a Ph.D. in 1985, following an MA in economics in 1980 and a BA in Economics and Econometrics in 1979. In 1997 he was awarded the Bodosakis foundation prize and in 2000 he was awarded the “Ragnar Frisch Medal” for his article “Estimating Labour Supply Responses using Tax Reforms”.
Soumaya Anne Keynes is a British journalist, economist, the Britain economics editor at The Economist magazine, and the co-host of a podcast covering economic trade called Trade Talks. Her work at The Economist was focused on the US economy and the trade policies of Donald Trump's presidency. Her career in economic research began as a policy adviser for Her Majesty's Treasury in London, looking at banking and credit. Afterward, she worked at the Institute for Fiscal Studies, focusing on pensions and public finances.
John Michael Van Reenen OBE is the Ronald Coase School Professor at the London School of Economics and the Gordon Y. Billiard Professor of Management and Economics at the Massachusetts Institute of Technology, where he is jointly appointed in the Department of Economics and the MIT Sloan School of Management. He is also an Associate in the Growth Research Programme at the Centre for Economic Performance. He was appointed an Officer of the Order of the British Empire (OBE) and received the Yrjö Jahnsson Award.
The Expansionary Fiscal Contraction (EFC) hypothesis predicts that, under certain limited circumstances, a major reduction in government spending that changes future expectations about taxes and government spending will expand private consumption, resulting in overall economic expansion. This hypothesis was introduced by Francesco Giavazzi and Marco Pagano in 1990 in a paper that used the fiscal restructurings of Denmark and Ireland in the 1980s as examples.
Dame Carol Propper is Professor of Economics at Imperial College Business School and Professor of Economics of Public Policy at Bristol University. She is also a senior research associate with the Nuffield Trust, and has served on the Economic and Social Research Council Research Grants Board.
Nicholas Bloom is the William Eberle Professor in the Department of Economics at Stanford University, a Courtesy Professor at Stanford Business School and Stanford Institute for Economic Policy Research, and a co-Director of the Productivity, Innovation and Entrepreneurship Program at the National Bureau of Economic Research. He is a Fellow of the American Academy of Arts and Sciences and the Econometric Society, and the recipient of the Frisch Medal in 2010 and the Bernacer Prize in 2012.
Emi Nakamura is a Canadian-American economist. She is the Chancellor's Professor of Economics at University of California, Berkeley.
Anna Frances Vignoles is a British educationalist and economist. She is the Director of the Leverhulme Trust, taking up her position in January 2021. Previously, she was Professor of Education and fellow of Jesus College at the University of Cambridge, where her research focused on the economic value of education and issues of equity in education. She was elected as a fellow of the British Academy in 2017.
Lorraine Margaret Dearden is an Australo-British economist and professor of economics and social statistics at the Department of Social Science of the Institute of Education, University College London. Her research focuses on the economics of education.
The UCL Department of Economics is one of nine Departments and Institutes within the Faculty of Social and Historical Sciences at University College London. It is the oldest department of economics in England and is research-intensive, currently headed by Professor Antonio Guarino.
Barbara Sianesi is an Italian economist currently a senior research economist at the Institute for Fiscal Studies in London. She obtained her PhD from University College London and a BA in economics from Bocconi University.
Eric Baird French is the Montague Burton Professor of Industrial Relations and Labour Economics at the University of Cambridge. He is also a Co-Director at the ESRC Centre for the Microeconomic Analysis of Public Policy, a Fellow at the Institute for Fiscal Studies and a Fellow at the Centre for Economic Policy Research. His research interests include: econometrics, labour and health economics.
