The sources of growth and the global financial crisis
The Investment and Growth programme's research on the causes of growth examines vertical drivers (e.g. the role of sectors) and horizontal drivers (e.g. finance, globalisation) of growth, and relates this to standard and new growth theory and empirics.
Sector-specific work undertaken by the programme has looked at the role of natural-resources, the services sector and textiles and clothing industries in growth.
The programme has developed a large stream of work on the role of regional integration and other global processes (for example, migration) on economic growth.
This is a new area of work, which aims to identify the binding constraints to growth. It investigates a variety of tools to understanding the most binding constraints to economic growth in an economy.