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A Survey of the Microstructure of Corporate Bond Markets in Africa

Using a mix of survey and secondary datasets on Africa, we document that banks and non-bank financial institutions account for more than 85 percent of corporate bonds issued in Africa during 2000—2020, with a market capitalization of over 80 percent of these bon

Working Paper
12 Jul 2023

Business incubators and entrepreneurship development in Africa’s innovation systems: a bibliometric review

Business incubators are a useful policy tool for spurring and supporting entrepreneurial businesses, but we know too little about their impact in Africa.

Research Note
16 Mar 2023

High-Speed Internet, Financial Technology and Banking

Exploiting the staggered arrival of fibre-optic submarine cables, we show that high-speed internet promotes the role of banks and credit in Africa.

Journal Article
17 Feb 2023

Business incubators and entrepreneurship development in Africa’s innovation systems: a bibliometric review

Business incubators are a policy tool for spurring and supporting entrepreneurial businesses. In recent years, many African countries have established many of them.

Working Paper
9 Feb 2023

Foreign Direct Investment and Structural Transformation in Africa

Foreign direct investment (FDI) is considered by policymakers as an important driver of local economic development. For example, foreign investors may establish supply chain linkages with domestic firms, enhancing their productive capacities (e.g.

Research Note
31 Jan 2023

Foreign Direct Investment and Structural Transformation in Africa

This paper analyzes the relationship between inward FDI and structural transformation of local labour markets in Africa.

Working Paper
23 Jan 2023

Misattribution and uncertainty about Beliefs Prevent Learning

We study how incorrect and uncertain beliefs about product quality can persist in equilibrium, using the example of fertilizer in East Africa.

Working Paper
7 Dec 2022

High-Speed Internet, Financial Technology and Banking

This research investigates the relationship between high-speed internet, financial technology, and banking.

Research Note
23 Nov 2022

Customer Discrimination in the Workplace: Evidence from Online Sales

Many workers are evaluated on their ability to engage with customers. We measure the impact of gender-based customer discrimination on the productivity of online sales agents working across Sub-Saharan Africa.

Working Paper
26 Sep 2022

Environmental Standards in Production Networks

This project investigates how and when higher demand-side quality standards induce technology adoption in low-income countries.

Research Project
1 Jun 2022

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