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Demographic Impacts on Economic Growth

In this paper, we focus on the demographic impacts on economic growth. The demographic shifts here mean that the share of the old cohort in the total population increases or the average age rises over time because of increased life expectancy and a decline in fertility. Of these two forces, the significant decrease in the […]

Telegraph: “The EU is about to hit self-destruct”

Consider, for instance, the European Carbon Border Adjustment Mechanism (CBAM). It imposes significant trade barriers between the EU and its trading partners. Already introduced but with much more (and worse) to come, the CBAM will apply a tariff to carbon-intensive products. This will result in a decline in trade openness for the EU and any […]

Announcement: Economist Thomas Stratmann joins The Growth Commission

The Growth Commission welcomes Thomas Stratmann, a distinguished macro economist, who currently holds an appointment as Professor of Economics at the Department of Economics at George Mason University and a courtesy appointment at Antonin Scalia Law School as a new Growth Commissioner. As a senior research fellow at the Mercatus Center in the United States, […]

The Spring Growth Budget 2024

This report sets out policies which we believe will return the economy to a respectable pace of economic growth and permit GDP per capita to rise, meaning that the gap between the UK and US levels of GDP per capita will fall from the current 64% to 35% by 2045. In this budget we describe the policy changes which we believe will be necessary to transform the economy and generate faster economic growth in per capita terms.