@dimitrizz.bsky.social
New OXREP paper just out. Structural change—clean energy, AI, biotech—creates new resources, industries and behaviours rather than just reallocating old ones. We call this “creation economics”. Change is dynamic and non-linear, so models should map plausible pathways, not forecast with certainty.
New paper in the Oxford Review of Economic Policy.
Schumpeter once said "Once you think about economic growth, it becomes impossible to think about anything else”.
But our models don’t really do this.
bit.ly/48YR3Rf
Schumpeter once said "Once you think about economic growth, it becomes impossible to think about anything else”.
But our models don’t really do this.
bit.ly/48YR3Rf
Understanding and modelling structural economic change as a dynamic resource creation process—an application to low-carbon transitions
Abstract. The global economy is constantly undergoing large-scale structural change. Policy-makers face the task of deciding how technological change is di
bit.ly
December 11, 2025 at 4:51 PM
New OXREP paper just out. Structural change—clean energy, AI, biotech—creates new resources, industries and behaviours rather than just reallocating old ones. We call this “creation economics”. Change is dynamic and non-linear, so models should map plausible pathways, not forecast with certainty.
Reposted
Increased capital expenditure in the #SpendingReview is welcome, but there's still a long way to go in reducing the UK's £2tn capital gap, says @teraallas.bsky.social. Read striking new analysis by Tera & @dimitrizz.bsky.social about the UK's capital shortfall: www.productivity.ac.uk/news/mind-th...
June 12, 2025 at 9:47 AM
Increased capital expenditure in the #SpendingReview is welcome, but there's still a long way to go in reducing the UK's £2tn capital gap, says @teraallas.bsky.social. Read striking new analysis by Tera & @dimitrizz.bsky.social about the UK's capital shortfall: www.productivity.ac.uk/news/mind-th...
Reposted
Smart climate policy is smart economic policy. New research shows clean energy cuts costs and boosts productivity, but savings must reach consumers.
📄 www.productivity.ac.uk/research/the...
@dimitrizz.bsky.social @alliancembs.bsky.social
#ClimatePolicy #GreenEconomy #Productivity
📄 www.productivity.ac.uk/research/the...
@dimitrizz.bsky.social @alliancembs.bsky.social
#ClimatePolicy #GreenEconomy #Productivity
The effects of low-carbon transitions on labour productivity: analysing UK electricity, heat, and mobility with a techno-economic simulation model - The Productivity Institute
The green transition will boost productivity across the UK economy.
www.productivity.ac.uk
July 3, 2025 at 9:14 AM
Smart climate policy is smart economic policy. New research shows clean energy cuts costs and boosts productivity, but savings must reach consumers.
📄 www.productivity.ac.uk/research/the...
@dimitrizz.bsky.social @alliancembs.bsky.social
#ClimatePolicy #GreenEconomy #Productivity
📄 www.productivity.ac.uk/research/the...
@dimitrizz.bsky.social @alliancembs.bsky.social
#ClimatePolicy #GreenEconomy #Productivity
We need to talk about tax. My commentary on Reeves’s fiscal policy in today’s CityAM.
www.cityam.com/reeves-strai...
www.cityam.com/reeves-strai...
Reeves' straitjacket: Why Britain’s spending problem is political, not economic
Public spending should not be held hostage to the OBR’s latest spreadsheet projections, as if the future of school funding hangs on whether GDP is revised up by 0.1 per cent. Our leaders should acknow...
www.cityam.com
June 11, 2025 at 3:22 PM
We need to talk about tax. My commentary on Reeves’s fiscal policy in today’s CityAM.
www.cityam.com/reeves-strai...
www.cityam.com/reeves-strai...
Important intervention by the Oxford Smith School to secure a rational, forward-looking and competitive investment, resilience and economic transition plan for the UK. It's a race we can't afford to lose. Proud to be a signatory. www.smithschool.ox.ac.uk/sites/defaul...
www.smithschool.ox.ac.uk
June 9, 2025 at 10:38 AM
Important intervention by the Oxford Smith School to secure a rational, forward-looking and competitive investment, resilience and economic transition plan for the UK. It's a race we can't afford to lose. Proud to be a signatory. www.smithschool.ox.ac.uk/sites/defaul...
Andrew Neil interviews me on net zero. After covering green jobs, the discussion ranged from UK investment & export opportunities, China and the global bond market. A ‘sceptic’ in the past, Neil concedes that we are not going back to fossil fuels.
www.youtube.com/watch?v=dqUN...
www.youtube.com/watch?v=dqUN...
Andrew Neil talks to Dimitri Zenghelis on green growth
YouTube video by The Bennett Institute for Public Policy
www.youtube.com
June 4, 2025 at 8:12 AM
Andrew Neil interviews me on net zero. After covering green jobs, the discussion ranged from UK investment & export opportunities, China and the global bond market. A ‘sceptic’ in the past, Neil concedes that we are not going back to fossil fuels.
www.youtube.com/watch?v=dqUN...
www.youtube.com/watch?v=dqUN...
Reposted
As a co-signatory of this letter to the @financialtimes.com, @dimitrizz.bsky.social says “the last 15 years have taught us that the UK cannot cut its way to growth”.
archive.ph/5v9xT
archive.ph/5v9xT
May 23, 2025 at 10:53 AM
As a co-signatory of this letter to the @financialtimes.com, @dimitrizz.bsky.social says “the last 15 years have taught us that the UK cannot cut its way to growth”.
archive.ph/5v9xT
archive.ph/5v9xT
Important 'first of a kind paper', using comparative capital stock data, laying bare the UK's massive investment challenge.
A new research paper from Tera Allas and Dimitri Zenghelis explores why the UK invests less in capital than its international peers - and what that means for our long-term productivity. Read the summary blog and full paper here www.productivity.ac.uk/news/mind-th...
#productivity #ukproductivity
#productivity #ukproductivity
Mind the capital gap: British citizens are poorer because UK workers are denied capital - The Productivity Institute
British workers are operating with a third less capital per hour worked than their counterparts abroad, finds new research by Tera Allas and Dimitri Zenghelis.
www.productivity.ac.uk
June 2, 2025 at 1:14 PM
Important 'first of a kind paper', using comparative capital stock data, laying bare the UK's massive investment challenge.
15 minute interview w. Andrew Neil ‘Times at One’. He asked good questions, once we moved off his fixation with a narrow definition of green jobs. I got him to accept that we are not going back to fossil fuels! 19':20'' And a free tutorial on bond markets.
www.thetimes.com/radio/show/2...
www.thetimes.com/radio/show/2...
The Times at One with Andrew Neil | Times Radio | The Times and the Sunday Times
Listen to Times Radio live for the latest breaking news, expert analysis and well-informed discussion covering the biggest stories of the day.
www.thetimes.com
May 9, 2025 at 11:07 AM
15 minute interview w. Andrew Neil ‘Times at One’. He asked good questions, once we moved off his fixation with a narrow definition of green jobs. I got him to accept that we are not going back to fossil fuels! 19':20'' And a free tutorial on bond markets.
www.thetimes.com/radio/show/2...
www.thetimes.com/radio/show/2...
“the last 15 years have taught us that the UK cannot cut its way to growth”. @bennettinstitute.bsky.social @granthamlse.bsky.social
A group of the UK’s most distinguished economists have written to the Chancellor, warning her that new cuts to spending or investment at the Spring Statement would be a “profound mistake”: www.ft.com/content/4b0d...
Letter: A plea to the chancellor to avoid more spending cuts
From Professor Mariana Mazzucato and others
www.ft.com
March 21, 2025 at 1:23 PM
“the last 15 years have taught us that the UK cannot cut its way to growth”. @bennettinstitute.bsky.social @granthamlse.bsky.social
Congratulations to Mark Carney on becoming Canada’s new PM. Here’s our discussion from a few years back when, as Governor of the Bank or England, Mark was spearheading new institutional arrangements to transition the world economy www.youtube.com/watch?v=p4Yc... @granthamlse.bsky.social
MMF Policy Conference 2021 - Talk by Mark Carney
YouTube video by MMF Society
www.youtube.com
March 16, 2025 at 3:53 PM
Congratulations to Mark Carney on becoming Canada’s new PM. Here’s our discussion from a few years back when, as Governor of the Bank or England, Mark was spearheading new institutional arrangements to transition the world economy www.youtube.com/watch?v=p4Yc... @granthamlse.bsky.social
Congratulations to Mark Carney on becoming Canada’s new PM. Here’s our discussion from a few years back when, as Governor of the Bank or England, Mark was spearheading new institutional arrangements to transition the world economy www.youtube.com/watch?v=p4Yc... @bennettinstitute.bsky.social
MMF Policy Conference 2021 - Talk by Mark Carney
YouTube video by MMF Society
www.youtube.com
March 16, 2025 at 3:52 PM
Congratulations to Mark Carney on becoming Canada’s new PM. Here’s our discussion from a few years back when, as Governor of the Bank or England, Mark was spearheading new institutional arrangements to transition the world economy www.youtube.com/watch?v=p4Yc... @bennettinstitute.bsky.social
What does Trump really mean for the world economic outlook and how are risks and opportunities changing? Be prepared. It’s all here. independent-economics.com/wp-content/u... @bennettinstitute.bsky.social @granthamlse.bsky.social @cisl.cam.ac.uk
independent-economics.com
March 13, 2025 at 1:25 PM
What does Trump really mean for the world economic outlook and how are risks and opportunities changing? Be prepared. It’s all here. independent-economics.com/wp-content/u... @bennettinstitute.bsky.social @granthamlse.bsky.social @cisl.cam.ac.uk
Austerity is bad investment. The UK is not a public debt/deficit outlier, it’s stagflation outlier. Government must invest now in growth. Cutting our way out of debt will only entrench stagnation and failure. www.lse.ac.uk/granthaminst... @bennettinstitute.bsky.social @granthamlse.bsky.social
Unleashing growth in the UK: time to break the fiscal chains - Grantham Research Institute on climate change and the environment
Dimitri Zenghelis outlines what a smarter fiscal strategy for Britain would look like – one that eschews austerity and champions investment in intelligent, sustainable and resilient growth.
www.lse.ac.uk
March 6, 2025 at 1:05 PM
Austerity is bad investment. The UK is not a public debt/deficit outlier, it’s stagflation outlier. Government must invest now in growth. Cutting our way out of debt will only entrench stagnation and failure. www.lse.ac.uk/granthaminst... @bennettinstitute.bsky.social @granthamlse.bsky.social
Chat GPT designs a flyer for speaking and coaching. Not sure it highlighted my strongest attributes.
February 3, 2025 at 2:58 PM
Chat GPT designs a flyer for speaking and coaching. Not sure it highlighted my strongest attributes.
New govt has taken on some recommends from our report 1 yr ago, eg amending fiscal rules. But not others: it taxed business and saving rather than consumption. We warned this wd crowd out private investment & undermine productivity growth. @granthamlse.bsky.social cep.lse.ac.uk/_new/publica...
Boosting growth and productivity in the United Kingdom through investments in the sustainable economy
It is now widely accepted that the UK has a major productivity growth problem, with chronic underinvestment across both the public and private sectors being a key cause. Continued low public investment, as laid out in the Chancellor's Autumn Statement of 2023, and ongoing barriers to business investment in productive and sustainable assets, are inconsistent with success in international markets and will likely lead to more stagnation. Investing in the opportunities afforded by the global transition to an efficient, resilient and inclusive economy needs to be a bigger part of restoring productivity and output growth for the UK to gain a competitive lead in the innovative markets of the 21st century.
cep.lse.ac.uk
January 31, 2025 at 12:32 PM
New govt has taken on some recommends from our report 1 yr ago, eg amending fiscal rules. But not others: it taxed business and saving rather than consumption. We warned this wd crowd out private investment & undermine productivity growth. @granthamlse.bsky.social cep.lse.ac.uk/_new/publica...
Reeves's economic policy continues to struggle into 2025. Before xmas, I wrote about how, unless it slays its election taboos and raises VAT to allow rates to fall & investment to rise, it risks being a 1-term wonder. @bennettinstitute.bsky.social @granthamlse.bsky.social @cisl.cam.ac.uk
In a 2-part blog, Dimitri Zenghelis explores why the Autumn Budget, despite good intentions, could never deliver Rachel Reeve's expected UK growth boost and what the government can do to restore its plan for UK investment, productivity and growth.
bennettinstitute.cam.ac.uk/blog/uk-inve...
bennettinstitute.cam.ac.uk/blog/uk-inve...
January 9, 2025 at 7:41 PM
Reeves's economic policy continues to struggle into 2025. Before xmas, I wrote about how, unless it slays its election taboos and raises VAT to allow rates to fall & investment to rise, it risks being a 1-term wonder. @bennettinstitute.bsky.social @granthamlse.bsky.social @cisl.cam.ac.uk