Author: Economics Unit

Future Economists Essay Competition: Commended D

Neil Sontakke answered Question 2: The International Monetary Fund (IMF) estimated that global inflation increased to 8.8% in 2022, driven by rising food and energy prices. What does economic theory tell us about what actions and initiatives the Government of Jersey might introduce to deal with the consequences of high inflation and cost of living?

Future Economists Essay Competition: Commended C

Saesha Chohan answered Question 1: ​The UK Dasgupta Review of Economics and Biodiversity states that ‘Our unsustain​able engagement with nature is endangering the prosperity of current and future generations’. What economic policies could Jersey introduce to protect and restore the natural environment? ​

Future Economists Essay Competition: Commended B

James Douglas answered: Question 2: The International Monetary Fund (IMF) estimated that global inflation increased to 8.8% in 2022, driven by rising food and energy prices. What does economic theory tell us about what actions and initiatives the Government of Jersey might introduce to deal with the consequences of high inflation and cost of living?

Future Economists Essay Competition: Commended A

Casey Espiritu answered Question 3: “Small businesses are a driver of innovation and economic growth. What does economic theory and evidence tell us about the role of small businesses in driving innovation and economic growth, and, the factors, relevant to Jersey, that would enable small businesses to grow and flourish?”

Future Economists Essay Competition: Runner-up B

Alya Hussey answered: The UK Dasgupta Review of Economics and Biodiversity states that ‘Our unsustain​able engagement with nature is endangering the prosperity of current and future generations’. What economic policies could Jersey introduce to protect and restore the natural environment?

Future Economists Essay Competition: Runner-Up A

Mateusz Kolin answered: The UK Dasgupta Review of Economics and Biodiversity states that ‘Our unsustain​able engagement with nature is endangering the prosperity of current and future generations’. What economic policies could Jersey introduce to protect and restore the natural environment? ​

Future Economists Essay Competition Winner 2024

Mabel Kelly won with her answer to Question 3: Small businesses are a driver of innovation and economic growth. What does economic theory and evidence tell us about the role of small businesses in driving innovation and economic growth, and, the factors, relevant to Jersey, that would enable small businesses to grow and flourish?

Creative destruction – a force to be embraced and preserved?

Productivity growth at the level of a firm is quite easy to understand.  At its simplest it means a firm finding ways to produce more value with the same or less inputs; but exactly how the actions of individual firms build up to deliver productivity growth at the level of the economy is more difficult to imagine. 

Population and Employment – What does the data tell us?

For a small island, we are lucky enough to be relatively data rich. We have a lot of data, and Statistics Jersey has a programme of work which is delivering more data, different data and better data. This creates a challenge for the economics unit as we look to use this information to understand the story it is telling us about the economy of Jersey. This month’s note looks at the data we have on population, employment and jobs, and the narrative that this data collectively tells us.

Jersey’s Economy: 2022