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DTSTART;TZID=America/New_York:20220126T130000
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SUMMARY:Development Talks: Confronting Post-COVID Macroeconomic Challenges in Namibia
DESCRIPTION:The Growth Lab’s “Development Talks” is a series of conversations with policymakers and academics working in international development. The seminar provides a platform for practitioners and researchers to discuss both the practice of development and analytical work centered on policy. 	Speaker: Ipumbu W. Shiimi\, Minister of Finance\, Namibia 	Moderator: Miguel Angel Santos\, Director of Applied Research\, Growth Lab 	Please register in advance to attend this webinar. Contact Chuck McKenney with any event-related questions. 	Speaker’s bio: 	Ipumbu Shiimi\, an accomplished economist\, is the Minister of Finance in the Republic of Namibia. Before his Ministerial appointment\, Shiimi was Governor of the Bank of Namibia from 2010 to 2020\, where he previously served as Assistant Governor and also occupied several positions from junior to senior level. During his working career\, Shiimi participated in various research projects\, co-authored multiple publications\, and served on various Boards and Committees. 	He holds a Master of Science in Financial Economics (1998) and a Postgraduate Diploma in Economic Principles (1995) from the University of London. He also has a Diploma in Foreign Trade and Management (1994) from the Maastricht School of Management\, Netherlands\, along with Honours in Economics (1993) and Bachelor of Commerce in Economics and Accounting (1992) degrees from the University of Western Cape\, South Africa. He underwent specialized training in the Management Development Program at the University of Stellenbosch (2000) and Wits Business School\, South Africa (2001).
URL:https://growthlab.hks.harvard.edu/event/development-talks-confronting-post-covid-macroeconomic-challenges-in-namibia/
LOCATION:Zoom (registration information below)
CATEGORIES:Development Talks
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DTSTART;TZID=America/New_York:20220131T111500
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SUMMARY:Research Seminar: Innovation Networks and Innovation Policy
DESCRIPTION:Speaker: Ernest Liu\, Assistant Professor of Economics at the Bendheim Center for Finance in Princeton’s Department of Economics 	Paper: Innovation Networks and Innovation Policy 	Abstract: We study the optimal allocation of R&D resources in an endogenous growth model with an innovation network\, through which one sector’s past innovations may benefit other sectors’ future innovations. First\, we provide closed-form sufficient statistics for the optimal path of R&D resource allocation\, and we show that planners valuing long-term growth should allocate more R&D toward key sectors that are upstream in the innovation network. Second\, we extend to an open-economy setting and illustrate an incentive for countries to free-ride on fundamental technologies: an economy more reliant on foreign knowledge spillovers has less incentive to direct resources toward innovation-upstream sectors\, leading to cross-country differences in unilaterally optimal R&D allocations across sectors. Third\, we build the global innovation network based on over 30 million global patents and establish its empirical importance for knowledge spillovers. Fourth\, we apply the model to evaluate R&D allocations across countries and time. Adopting optimal R&D allocations can generate substantial welfare improvements across the globe. For the United States\, R&D misallocation accounts for about 0.68 percentage points of missing annual growth since the 2000s. 	Please register in advance and contact Chuck McKenney with any questions.  	 
URL:https://growthlab.hks.harvard.edu/event/research-seminar-innovation-networks-and-innovation-policy/
LOCATION:Zoom (registration information below)
CATEGORIES:Academic Research Seminars
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