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Research Interests

Macroeconomics, Growth, Economic Development.


Ph.D. in economics from the University of Illinois at Urbana-Champaign. His research expertise is Macroeconomics, Economic Growth and Development. His research has appeared in leading academic journals, such as the Journal of Monetary Economics, Review of Economic Statistics, European Economic Review and the Journal of the European Economic Association. He is currently the managing editor of the BE Journal in Macroeconomics.

Recent Publications

Published Papers

Cavalcanti, T., Da Mata, D. and, Toscani, F. Winning the oil lottery: the impact of natural resource extraction on growth, Journal of Economic Growth (2019) pp. 1–37
Cavalcanti, T. V. D. On the determinants of slum formation, The Economic Journal vol 129 (2018) pp. 1971-1991
Cavalcanti, T.V.D., Giannitsarou, C. and Johnson, C.R. Network cohesion, Economic Theory vol 64(1) (2017) pp. 1-21
Cavalcanti, T.V.D and Vaz, P.H. Access to long-term credit and productivity of small and medium firms: a causal evidence, Economics Letters vol 150 (2017) pp. 21-25
Cavalcanti, T.V.D. and Giannitsarou, C. Growth and human capital:a network approach, The Economic Journal vol 127(603) (2017)

Cambridge Working Papers in Economics

Cavalcanti, T. V. D., Da Mata, D. and Toscani, F. Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth, (2014) CWPE1455
Cavalcanti, T. V. D., Mohaddes, K. and Raissi, M. Commodity Price Volatility and the Sources of Growth, (2011) CWPE1112

Chapter in Book

Calvacanti, T.V.D and Jalles, J.T. Oil shocks in Brazil and in the United States, (2010) in the book: Energy, bio fuels and development: comparing Brazil and the United States - Routledge
Cavalcanti, T.V.D, Guimaraes, J. F. and Nogueira, J. R. Is there any difference in well-being between American and Brazilian college students?, (2010) in the book: Economic development in Latin America: essays in honor of Werner Baer - Palgrave Macmillan

Research Activities

Office for National Statistics Economic Forum Roadshow
ONS Economic Forum roadshow will present the current state of the UK economy. The event will take place on 30th November 2018 from 10.00am - 12.30pm, in the Francopan Hall, Jesus College, Cambridge. Dr. Tiago Cavalcanti who is a Reader in Economics at the Faculty of economics will give a guest lecture.
Event Date - Friday 30th November 2018

Rebuild Macroeconomics's Sustainability Research Hub
Dr. Tiago Cavalcanti, along with Prof. Michael Grubb have joined Rebuild Macroeconomics's Sustainability Research Hub as Co-Leaders. You can read their profiles and find out about the Sustainability Research Hub on the Rebuild Macro site.
Published on - Friday 3rd August 2018

Faculty Senior Academic Promotions
Dr. Tiago Cavalcanti, Dr. Meredith Crowley and Dr. Matthew Elliott have all been successful in the Faculty's Senior Academic Promotions.
Published on - Thursday 14th June 2018

Dr. Cavalcanti appointed to the Economic Journal's board as Associate Editor
Dr. Tiago Cavalcanti been invited to be an Associate Editor for the Economic Journal.
Published on - Wednesday 11th October 2017

Dr. Tiago Cavalcanti - "Winning the Oil Lottery"
Dr. Tiago Cavalcanti, Daniel Da Mata and Frederik Toscani research into "Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth" has been featured in the IMF REsearch Bulletin.

This summary provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment. Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no discovery are the control group. The results show that oil discoveries significantly increase per capita GDP and urbanization. We find positive spillovers to non-oil sectors, specifically, an increase in services GDP which stems from higher output per worker. The results are consistent with greater local demand for non-tradable services driven by highly paid oil workers.

To read the current issue of IMF Research Bulletin, please click here.
Published on - Wednesday 27th January 2016

Keynes Fund Sponsored Projects

Credit Policies, Entrepreneurship and Development: Theory and Empirical Evidence on Brazil Cavalcanti, T.V.D (JHLA) Research Output
Oil, Growth and Misallocation: Evidence from a Quasi-Experiment and Establishments Level Data Cavalcanti, T.V.D (JHLO) Research Output
Gray Zones: On the Causes and Consequences of Slums Cavalcanti, T.V.D (JHOB) Project Summary and Output
How Important are Religious Organisations as Insurance? with Iyer, S., Cavalcanti, T. V. D. and Rauh, C. (JHOT)
Climate Change Mitigation Policies: Distributional and Allocative Effects Cavalcanti, T.V.D (JHOV)

Press Articles

Interview to BBC on Bolsa Família

VoxEU analysis on The Output Costs of Gender Discrimination

Opinion Articles:

Será o fim do capitalismo? Nordeste Econômico, Maio 2009, Recife-PE, Brazil

Lucro dos bancos, Jornal do Comércio, March 2008, Recife-PE, Brazil

E se a conjuntura mundial fosse pior..., Nordeste Econômico, July 2007, Recife-PE, Brazil

As Universidades Públicas, Jornal do Comércio, January 2006, Recife-PE, Brazil


PIIB Paper 2 - Economic Growth
PIIB Paper 6 - Michaelmas - Credit and Financial Development
Diploma Paper 2 - Macroeconomics
MPhil R200 - Advanced Macroeconomics

PhD Students


Lidia Smitkova
PhD Title: Effects of trade on de-industrialization
Zeina Hasna
PhD Title: Macro-Economic Development


Margit Reischer
PhD Title: The Granularity of GDP Forecasts in Theory and Practice. Lessons from Multisector Growth Models
Jang Youn Lee
PhD Title: Interaction between the Financial Sector and the Real Sector
Christian Rörig
PhD Title: On the State-Dependent Effectiveness of Different Fiscal Policies
Maryam Vaziri
PhD Title: Product of Networks in an Open Economy

Dr Tiago Cavalcanti

University Reader

Research Group:

CV: Curriculum Vitae

Personal Site:

Contact Details
Room: 23