The Growth
Academy

Who runs the Academy

Two co-directors. One bridge between the field and the World Bank.

The Growth Academy is led by a scholar and a practitioner. Prof. Ufuk Akcigit holds the academic frontier; Dr. Somik V. Lall holds the policy translation and the World Bank machine. The Academy is where the two meet.

Co-director · Academic frontier

Ufuk Akcigit

Arnold C. Harberger Professor of Economics, The Kenneth C. Griffin Department of Economics, The University of Chicago. Co-Director, The Growth Academy.

Ufuk Akcigit

Akcigit was born in Germany to Turkish parents. He took his BA in economics at Koç University in Istanbul in 2003 and his PhD at MIT in 2009 under Daron Acemoglu, the 2024 Nobel laureate. After six years on the faculty at the University of Pennsylvania, he joined the University of Chicago in 2015 and was named the Arnold C. Harberger Professor in 2021.

By the numbers

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Google Scholar citations
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papers in the American Economic Review
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papers in the Journal of Political Economy
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papers in Econometrica
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QJE, Review of Economic Studies, JEEA, JME

Selected honors

  1. 01

    Rahmi M. Koç Medal of Science (2025)

    Türkiye's most prestigious recognition for scholars of Turkish origin under fifty. Past laureates include his doctoral adviser Daron Acemoglu (2024) and his UChicago colleague Ali Hortaçsu (2021). Akcigit is the first Koç University alumnus to receive the medal.

  2. 02

    Kiel Institute Global Economy Prize (2022)

    Awarded by the Kiel Institute for the World Economy, the City of Kiel, and the Schleswig-Holstein Chamber of Commerce. Past laureates include multiple Nobel laureates.

  3. 03

    Sakıp Sabancı International Research Award, Jury Prize (2022)

    Sabancı University. Awarded for work in international economic research.

  4. 04

    Max Planck-Humboldt Research Award (2019)

    A 1.5 million euro research grant plus 80,000 euro personal prize from the Max Planck Society and the Alexander von Humboldt Foundation. Akcigit was the first social scientist in the history of the prize to receive it.

Guggenheim Fellow (2021)Fellow of the Econometric Society (2021)NSF CAREER Award (2017)Member, Turkish Academy of Sciences (TÜBA)Best Adviser Award, Kenneth C. Griffin Department of Economics, University of Chicago (2016)

Current roles

  • Lead Academic, World Development Report 2024 (The Middle-Income Trap).
  • Co-Academic Lead, World Development Report 2026 (Artificial Intelligence for Development), with Susan Athey.
  • Lead Academic Advisor and Board Member, World Bank Group Institute for Economic Development.
  • Member, IMF Managing Director's Advisory Council on Entrepreneurship and Growth.
  • Research Associate, NBER (Productivity, Innovation, and Entrepreneurship; Economic Fluctuations and Growth).
  • Research Affiliate, CEPR.
  • Distinguished Research Fellow, Koç University (since 2016).
  • Research Professor and Head, Research Group on the Economic Gap between East and West Germany, Halle Institute for Economic Research (IWH).
  • Associate Editor, Journal of the European Economic Association.
  • Co-editor, The Economics of Creative Destruction (Harvard University Press, 2023, foreword by Emmanuel Macron).

Has consulted with the Türkiye Central Bank, the Danish Ministry of Science and Education, the IMF, the World Bank Group, and the Obama administration.

Economic growth is, at its core, the study of how the future happens. When we understand who gets to become an inventor or entrepreneur, we understand something fundamental about a society’s capacity to grow.
Akcigit, on accepting the Koç Medal of Science, 2025.

Co-director · Policy translation

Somik V. Lall

Director of Strategy, Office of the World Bank Group Chief Economist (Development Economics). Co-Director, Growth Academy. Director of the World Development Report 2024: The Middle-Income Trap.

Somik V. Lall

Lall has spent two decades inside the World Bank shaping how the institution thinks about cities, productivity, and the structural geography of growth. He directed the 2024 World Development Report. Before that he was the Bank's Global Lead for territorial development and Lead Economist for the Cities practice. He holds a visiting professorship at Johns Hopkins and at the National Institute of Public Finance and Policy.

Signature work

WDR 2024

Director, World Development Report 2024: The Middle-Income Trap.

Read the deep-dive →

Two decades

inside the World Bank, on cities, productivity, and the geography of growth.

Roles

  • Director of Strategy, Office of the World Bank Group Chief Economist.
  • Former Global Lead for territorial development, World Bank.
  • Former Lead Economist, Cities practice, World Bank.
  • Visiting Professor, Johns Hopkins University.
  • Visiting Professor, National Institute of Public Finance and Policy.

Selected works

  • World Development Report 2024: The Middle-Income Trap (Director).
  • Place, Productivity, and Prosperity (2021).
  • Africa's Cities: Opening Doors to the World (2017).

Where the two meet

The Growth Academy grew out of the World Development Report 2024, which Akcigit led as Lead Academic and Lall directed. The field and the World Bank, in one room.

The University of ChicagoBecker Friedman Institute for EconomicsWorld Bank Group Institute for Economic Development