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Events

Growth and Jobs Diagnostic Analysis

February 24-28, 2014

Joint Vienna Institute (JVI), Vienna, Austria

Recognizing the importance of job creation for shared prosperity and labor incomes for poverty eradication, this one-week course adapts a previous growth diagnostics course to broaden and deepen the focus on the determinants of growth in job creation and real wages.

Event Details
  • Lodging note: The courses offered at the Joint Vienna Institute (JVI) are residential (bed and breakfast: for details visit www.jvi.org). JVI fees and accommodations will be covered by PRMED, but travel, per diem, possible visa fees, and other miscellaneous expenses are to be paid by each participant’s unit/agency.
  • Dates: Feb. 24-28, 2014
  • Place: Joint Vienna Institute, Vienna, Austria.
  • Contact: Debbie Sturgess, dsturgess@worldbank.org

Presenters:

  • Jennifer Keller, Senior Economist, Economic Policy and Debt unit (PRMED), World Bank.
  • Dino Merotto, Lead Economist, Economic Policy and Debt unit (PRMED), World Bank.
  • Gallina Andronova Vincelette, Lead Economist and Sector Leader, Poverty Reduction and Economic Management network (ECSPE), Europe and Central Asia (ECA) Region, World Bank.
  • Leonardo Garrido, Consultant, Development Economics Prospects Group (DECPG), World Bank.
  • Jesus Crespo Cuaresma, Professor of Economics, University of Innsbrook, Austria.

Course description: Over the week the course will span macro and micro aspects of job creation, before ending with a proposed country-level jobs diagnostic inquiry. The course begins with macro theory, empirical literature, and analytic techniques to decompose economic growth, employment, real labor costs and productivity, and to link these to population dynamics and structural transformation.  

Then the course goes on to address the determinants of the demand for, supply, and cost of labor, including through delving deeper from national accounts into underlying firm dynamics, and linking to key variables from empirical observations and theories of the firm. It also includes household economics, returns to human capital, and the supply-side of labor and skills.  

The course continues with a re-cap on key issues in growth diagnostics, before introducing a new proposed jobs diagnostic framework which is designed to guide country inquiry into policy and investment solutions. The final day introduces some econometric techniques to narrow down to specific policy interventions.

Each morning of the course starts with economic theory and a brief overview of empirical literature to set out the foundations for analytic work. Each afternoon presents data requirements (households, workers, and firms), data tools, analytic techniques and diagnostic frameworks to help practitioners understand the main forces driving a country's job outcomes (and get closer to prioritizing policy options for improving them). This is followed at the end of the day with hands on exercises which will use macro, firm level, household and external trade data sets to help participants become conversant in emerging data tools and techniques for jobs analysis. Presentations of country experiences will round out the understanding of current jobs analysis.

The techniques and tools that will be highlighted include (but are not limited to) growth, labor and employment decomposition utilizing macro data; demographics; analysis of jobs and growth dynamics using the BuDDy tool for firm level data; introduction to AdEPt labor; calculating rates of return to capital and human capital for jobs analysis; the jobs diagnostic framework; micro-macro linkages in labor analysis using ISIM-MAMS; product space analysis and links to jobs analysis; CGE modeling of jobs outcomes; and labor productivity analysis utilizing the Escribano approach.

Learning Objective:  To support systematic country diagnostics linked to the WBG twin goals, by providing guidance to country teams on data, technical approaches, and available analytical tools to better understand the forces underpinning jobs outcomes.

Target Audience:  World Bank country teams and government policy makers.