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Haroon Bhorat

@haroonbhorat.bsky.social
439 followers 670 following 0 posts

Professor of Economics University of Cape Town South Africa

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Reposted by Haroon Bhorat
Florian Ederer @florianederer.bsky.social · 30/07/2025
How can tariffs improve welfare? Your country needs market power. A quick explainer below 👇🏻
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SALDRU @saldru.bsky.social · 26/06/2025
HAROON BHORAT (@haroonbhorat.bsky.social, our colleague at @dpru-uct.bsky.social): Getting the numbers right on the informal economy www.businesslive.co.za/bd/opinion/2...
businesslive.co.za
HAROON BHORAT: Getting the numbers right on the informal economy
It is wrong to assume that what is true at the local level must translate to a 1:1 relationship at national level
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Dani Rodrik @drodrik.bsky.social · 03/04/2025
Trump’s new tariffs are an abomination. It’s not just the economics that is backwards. It’s also the geopolitics/national security angle. Countries have always used trade for geopolitical reasons. But it’s by opening your market to other nations that you get them to align with you, not by closing.
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Dani Rodrik @drodrik.bsky.social · 03/04/2025
Trump's claim that foreigners will pay the tariffs in full. They assume a small but positive passthrough indicating that domestic prices will rise by 25% of the tariffs.
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Dani Rodrik @drodrik.bsky.social · 03/04/2025
Their use of elasticity is inconsistent and would not pass an undergraduate test (where is the price effect on the value of imports?) The assumption that exports will be unaffected is crazy. Note also that their (necessary) assumption that domestic import prices will rise contradicts +
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Dani Rodrik @drodrik.bsky.social · 03/04/2025
This is what Trump's "economists" say about how they calculated the "reciprocal" tariffs. Don[t be fooled by the equation. They commit countless crimes against economics. ustr.gov/issue-areas/... +
ustr.gov
Reciprocal Tariff Calculations
Executive Summary Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that pe...
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Dani Rodrik @drodrik.bsky.social · 03/04/2025
But of course this equation and calculation are a travesty. It is a silly attempt to provide a veneer of respectability to a nonsensical, arbitrary, and ad hoc political decision. Whoever produced this (and indeed all the economists working for Trump) should be embarrassed of themselves.
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UNU-WIDER @unu-wider.bsky.social · 30/03/2025
Looking back at our 40th anniversary reception this week! Our panel discussion highlighted the importance of cross-sectoral cooperation: every level of organization has a role to play in finding sustainable solutions. @FCA_global @Ulkoministerio @Columbia @uonbi
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Random paper from RePEc @random-repec-paper.bsky.social · 23/03/2025
Fear of floating by Reinhart, Carmen & Calvo, Guillermo (2002)
ideas.repec.org
IDEAS/RePEc link
to RePEc:pra:mprapa:14000
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EconomicsInTen @economicsinten.bsky.social · 05/03/2025
On this day in 1934, Daniel Kahneman was born. He wrote 'Thinking Fast and Slow' and won a Nobel Prize in Economics for his work on behavioural economics. Have a listen to learn more. Also born on this day were James Tobin (1918) & William Beveridge (1879). #EconSky open.spotify.com/episode/6XoJ...
open.spotify.com
Season 4 Episode 1 - Daniel Kahneman
Economics In Ten · Episode
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Michael Clemens @mclem.org · 04/03/2025
Tomorrow the US Administration imposes the heaviest taxes since the 1930s on Americans who buy imports. In this new brief from @ucsandiego.bsky.social, leading economists Evenett & Muendler estimate the harm to US workers in all 50 states—> econweb.ucsd.edu/muendler/dow... | cc @piie.com
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Random paper from RePEc @random-repec-paper.bsky.social · 04/03/2025
Predicting U.S. Recessions: Financial Variables as Leading Indicators by Arturo Estrella & Frederic S. Mishkin (1995)
ideas.repec.org
IDEAS/RePEc link
to RePEc:nbr:nberwo:5379
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Michael R Strain @michaelrstrain.bsky.social · 03/03/2025
Support Project Syndicate (@projectsyndicate.bsky.social). "For every donation, large or small, you’ll get one year of digital access to Project Syndicate for free – because the world needs informed perspectives now more than ever." Link: donations.cafamerica.org/project-synd...
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J-PAL @j-pal.bsky.social · 03/03/2025
Got a null result? It’s not the end of the story. Null findings play a crucial role in building evidence—helping refine theories, guide policy, and avoid publication bias. Learn more:
buff.ly
So, you got a null result. Now what?
While a null result is likely not what you were hoping for, and while null results can (unfortunately) be more difficult to publish, they can spur just as important insights and policy implications…
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Random paper from RePEc @random-repec-paper.bsky.social · 03/03/2025
A Theory of the Term Structure of Interest Rates by Cox, John C & Ingersoll, Jonathan E, Jr & Ross, Stephen A (1985)
ideas.repec.org
IDEAS/RePEc link
to RePEc:ecm:emetrp:v:53:y:1985:i:2:p:385-407
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Random paper from RePEc @random-repec-paper.bsky.social · 02/03/2025
Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence by Paul A. David & Bronwyn H. Hall & Andrew A. Toole (2000)
ideas.repec.org
IDEAS/RePEc link
to RePEc:wpa:wuwpdc:9912002
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Khoa @khoavuumn.bsky.social · 02/03/2025
The implementation of TWFE: reghdfe Y D##T, absorb(state year) robust The causal implication of the TWFE coefficient:
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NBER @nber.org · 01/03/2025
Working from home has stabilized at about 25 percent of all full worked days in the US according to a new analysis of 9 different US datasets, from Shelby R. Buckman, Jose Maria Barrero, @nickbloom.bsky.social, and Steven J. Davis www.nber.org/papers/w33508
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Dani Rodrik @drodrik.bsky.social · 01/03/2025
Trump's enablers have made a Faustian bargain to advance their particular agendas, but they are as likely to find themselves at each other's throats www.project-syndicate.org/commentary/t...
project-syndicate.org
The Coming Showdown in Trumpworld | by Dani Rodrik - Project Syndicate
Dani Rodrik points out that a coalition comprising incompatible financial and ideological interests cannot last.
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Random paper from RePEc @random-repec-paper.bsky.social · 01/03/2025
Capital Deepening and Non-Balanced Economic Growth by Daron Acemoglu & Veronica Guerrieri (2006)
ideas.repec.org
IDEAS/RePEc link
to RePEc:nbr:nberwo:12475
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Daily Maverick @dailymaverick.co.za · 28/02/2025
The Old Volksraad Mense™ have found allies in the Trump gauleiters and their opposition to diversity and inclusivity and globalism, and in the European right and a media that is in a panic about dark-skinned people taking over Europe.
dailymaverick.co.za
OPINIONISTA: The Old Volksraad Mense™ and their curious bromance with Trump amid fears of genocide
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Random paper from RePEc @random-repec-paper.bsky.social · 27/02/2025
Why Do Firms Train? Theory and Evidence by Acemoglu, D. & Pischki, J.S. (1996)
ideas.repec.org
IDEAS/RePEc link
to RePEc:mit:worpap:96-7
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MCapitu(Maria Capitolina S) @mcapitu2.bsky.social · 27/02/2025
“The children are always ours, every single one of them, all over the globe; and I am beginning to suspect that whoever is incapable of recognizing this may be incapable of morality.” James Baldwin
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Random paper from RePEc @random-repec-paper.bsky.social · 27/02/2025
A Proposal for a Debt-adjustment Facility in the IMF by Arjun Sengupta (1988)
ideas.repec.org
IDEAS/RePEc link
to RePEc:bla:worlde:v:11:y:1988:i:2:p:165-186
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Kazuyoshi Kawasaki @kawasaki1972.bsky.social · 26/02/2025
"Any idiot can face a crisis ; it 's this day-to-day living that wears you out." - Anton Chekhov.
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NBER @nber.org · 26/02/2025
A new model of collusion in the labor market finds employer cartels fix a wage ceiling and harm to workers large in slack or concentrated markets or if combined with product market collusion, from Axel Gottfries and Gregor Jarosch www.nber.org/papers/w33501
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Alice Evans @draliceevans.bsky.social · 26/02/2025
How will cuts to USAID affect the world's poorest? Insights from my research in Zambia www.youtube.com/shorts/e59VL...
youtube.com
How will cuts to USAID affect the world’s poorest? Insights from my research https://t.co/RPlsMDYU0u
YouTube video by Alice Evans
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Economics. For Society. @ubscenter.uzh.ch · 26/02/2025
A recent study shows that tax effects on the distribution of wealth in 🇨🇭Swiss cantons are concentrated at the upper end of the scale. www.ubscenter.uzh.ch/en/news_even... #EconomicsForSociety #UZH #shareUBS @izmartinez86.bsky.social @samiramarti.bsky.social @florianscheuer.bsky.social @econ.uzh.ch
ubscenter.uzh.ch
How tax policy influences the distribution of wealth
### What are the effects of wealth taxes? A study shows that the effects on the distribution of wealth in the cantons are concentrated at the upper end of the scale. *This guest commentary by by Isab...
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Ricardo Santos @rgoulaosantos.bsky.social · 26/02/2025
Report on Social Intergenerational Mobility in Mozambique shows that the country is experiencing educational mobility but it also evidences traces of occupational immobility #SocialMobilityMoz
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Tony Addison @tonysangle.bsky.social · 25/02/2025
The Resource Curse literature has considerable empirical support but it has led too many economists & others to conclude that resource economies are doomed. 😱 We offer some hope in our new @OUPAcademic @UNUWIDER open access book 👇 www.wider.unu.edu/publication/...
wider.unu.edu
UNU-WIDER : Book : Resources Matter
Almost everything that is essential to modern society—transport and power systems, buildings, machinery, and medical devices—depends upon metals, minerals, and stone as well as oil and natural gas whi...
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TimesLIVE @timesliveza.bsky.social · 26/02/2025
SA is producing more doctors than ever, but many can't find jobs in the public sector — even though hospitals need them.
timeslive.co.za
Not enough jobs for state doctors — what does that mean for NHI?
SA is producing more doctors than ever, but many can't find jobs in the public sector — even though hospitals need them. The Health Beat team examines options for newly qualified doctors
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Tony Addison @tonysangle.bsky.social · 25/02/2025
🇨🇩DR Congo bans cobalt exports (for 4 months). Attempting to prop up a weak price after a surge in supply & slowing demand. Illustrated the cyclicality of metals prices, even if the long-term trend (🪫batteries etc) is favourable to the producer🇨🇩 www.reuters.com/markets/comm...
reuters.com
Exclusive: Congo weighs cobalt export quotas to revive prices amid supply glut
The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources familiar with the details told Reuters.
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Tony Addison @tonysangle.bsky.social · 25/02/2025
📈📉Managing cyclicality in resource revenues (not only from metals & minerals but also oil & gas) is discussed in our new @UNUWIDER @OUPAcademic (Open access) book👇 www.wider.unu.edu/publication/...
wider.unu.edu
UNU-WIDER : Book : Resources Matter
Almost everything that is essential to modern society—transport and power systems, buildings, machinery, and medical devices—depends upon metals, minerals, and stone as well as oil and natural gas whi...
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CSAE @oxfordcsae.bsky.social · 24/02/2025
In an age of populism, how can we ensure that facts & evidence still matter in policymaking & international development? CSAE Director @gamblingondev.bsky.social joins Trudi Makhaya & @rory-stewart.bsky.social to discuss this in @voxdev.bsky.social's Development Dialogues voxdev.org/topic/instit...
voxdev.org
Development Dialogues: The future of evidence-based policymaking and international development
Is evidence-based policymaking dead? In an age of populism, how can we ensure that facts and evidence still matter in policymaking and international development?
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Johan Fourie @johanfourieza.bsky.social · 25/02/2025
South Africa has a Presidential Economic Advisory Council. Understanding who these economists are, and the ideas they advocate, should tell us a lot about the country's future economic policy. @drodrik.bsky.social @wandilesihlobo.bsky.social @haroonbhorat.bsky.social @antonioandreoni.bsky.social
ourlongwalk.com
The president's advisors and what they believe
Expect 'industrial policy' to echo in his ears
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Yale Economic Growth Center @yaleegc.bsky.social · 24/02/2025
🔊 PODCAST: The future of evidence-based policymaking & international development A #DevelopmentDialogue collab w/ @voxdev.bsky.social Guests @gamblingondev.bsky.social (@blavatnikschool.bsky.social) Trudi Makhaya & @rory-stewart.bsky.social (@yale.edu) LISTEN: egc.yale.edu/news/250224/... #EconSky
egc.yale.edu
Development Dialogue: The future of evidence-based policymaking and international development
In this episode of Development Dialogues, Stefan Dercon, Trudi Makhaya, and Rory Stewart join host Catherine Cheney to discuss the challenges of evidence-based policy in an era when populism and narra...
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Daron Acemoglu @dacemoglumit.bsky.social · 24/02/2025
In partnership with @schmidtsciences.bsky.social, @simonhrjohnson.bsky.social, David Autor and I are seeking funding proposals from researchers conducting innovative field experiments on the labor economics of frontier AI. Expressions of interest due March 31. shapingwork.mit.edu/call-for-pro...
shapingwork.mit.edu
Call for Proposals: The Labor Economics of Frontier AI - Massachusetts Institute of Technology
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J-PAL @j-pal.bsky.social · 24/02/2025
A new study from India 🇮🇳shows that children selling goods in markets often master mental arithmetic effortlessly—but the math skills don’t transfer to the classroom. See how the study explores how these learning environments shape different problem-solving abilities:
buff.ly
Children’s arithmetic skills do not transfer between applied and academic mathematics - Nature
Children who learn maths working in markets and children who learn maths only from school were both unable to transfer their skills to new contexts, highlighting a need to reconsider how maths is…
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Alex Busch @alexanderbusch.bsky.social · 24/02/2025
So sad to see IZA closing! I wish the current staff a smooth transition into new exciting positions elsewhere.
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Daily Maverick @dailymaverick.co.za · 22/02/2025
South African Police Minister Senzo Mchunu has reported a significant decline in crime across several categories, including murder, robbery, and sexual offences, during the last quarter of 2024.
dailymaverick.co.za
POSITIVE SHIFT: Police minister Mchunu highlights drop in crime amid ongoing challenges in Gauteng and KZN
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Philipp Maier @pmaier1971.bsky.social · 21/02/2025
10Y #Treasury is at 4.5%, down from 4.53% last week. How are shorter-term interest rates contributing to the change in the yield curve? #interest #econsky tinyurl.com/m7pdyyyf
US.Rates.Daily.png
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Ming F. Wan @minniewannie.bsky.social · 22/02/2025
Economists know it, but politicians rarely say it—globalization massively reduced global inequality. 🧪 #EconSky
Global income distribution in 1800, 1975, and 2015
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Irwin (Bud) Collier @irwincollier.bsky.social · 22/02/2025
#EconSky One way to see what a long way econometrics has come is to check out the semester exams for the 1908-09 statistics courses taught at Harvard by economics professor William Z. Ripley www.irwincollier.com/harvard-enro...
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Charles Kenny @charlesjkenny.bsky.social · 22/02/2025
“In Syria, food and other support for nearly 900,000 people has been suspended. In West Africa, 3.4 million people have lost drug treatment for deadly tropical diseases. At least 328,000 HIV-positive people in 25 countries aren’t getting lifesaving drugs." www.washingtonpost.com/opinions/202...
washingtonpost.com
Opinion | There’s a story in each shard of the shattered USAID
At USAID, Trump’s commissars leave a trail of suffering in their wake.
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Daron Acemoglu @dacemoglumit.bsky.social · 20/02/2025
Dear followers, this op-ed is based on one of the speeches I gave at the Paris AI summit. Thank you. Will We Squander the AI Opportunity? by Daron Acemoglu - Project Syndicate www.project-syndicate.org/commentary/a...
project-syndicate.org
Will We Squander the AI Opportunity? | by Daron Acemoglu - Project Syndicate
Daron Acemoglu worries that the technology is on track to disempower, rather than complement, most of humanity.
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The Quarterly Journal of Economics @qjeharvard.bsky.social · 20/02/2025
Recently accepted by #QJE, “The Race Between Education, Technology, and the Minimum Wage,” by Jonathan Vogel (@jonathanvogel.bsky.social): doi.org/10.1093/qje/...
doi.org
The Race Between Education, Technology, and the Minimum Wage*
Abstract. What is the impact of the real minimum wage on wages and inequality? I develop a theory that nests “The Race Between Education and Technology.” T
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The Quarterly Journal of Economics @qjeharvard.bsky.social · 20/02/2025
Recently accepted by #QJE, “Generative AI at Work,” by Brynjolfsson (@erikbryn.bsky.social), Li, and Raymond (@lindseyraymond.bsky.social): doi.org/10.1093/qje/...
doi.org
Generative AI at Work*
Abstract. We study the staggered introduction of a generative AI–based conversational assistant using data from 5,172 customer-support agents. Access to AI
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J-PAL @j-pal.bsky.social · 19/02/2025
Interested in learning what J-PAL has been up to over the past year? #EconSky Take a look at the 24-25 edition of Improving Lives through Evidence to see how rigorous research and strong partnerships shaped our work around the globe in 2024, and read about our priorities for 2025: buff.ly/431W1tN
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Nick Hedley @nickhedley.bsky.social · 20/02/2025
These car brands have the cleanest supply chains
theprogressplaybook.com
These car brands have the cleanest supply chains
Automakers have made some improvements to their supply chains, but the industry "still has an unacceptably long way to go".
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