New data on the subnational business climate in six EU member states reveal that each of the 40 measured cities has room for improvement, particularly in de facto compliance with business regulatory processes. The World Bank’s Subnational Business Ready in the EU series 2024 provides a rigorous and comprehensive examination of the business environments across 40 cities […]
Each January, Ahmedabad’s skyline transforms into a sea of vibrant kites flown joyfully from rooftops — many crafted by skilled artisans like Fatima. Fatima lives in the Danilimda neighborhood of Ahmedabad. In months leading up to the kite-flying festival of Uttarayan, she takes materials into her home and makes up to 300 kites per day with […]
Despite its immense potential, text analysis at scale presents significant challenges. This column benchmarks several state-of-the-art large language models against incentivised human coders in performing complex text analysis tasks. The results indicate that large language models consistently outperform outsourced human coders across a broad range of tasks, and thus provide economists with a cost-effective and […]