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Barriers to Private-Sector Arbitrage in Kenyan Maize Markets

Limited access to capital, risk of unpredictable price fluctuations, and the availability of more profitable alternatives may limit traders’ willingness to arbitrage away seasonal price fluctuations in African agricultural markets.

Research Note
24 Feb 2015

The Impact of Cartels in Low-Income Countries (ICLIC)

An estimation of the aggregate economic harm caused by cartels in developing countries provides evidence that it can be substantial irrespective of the scale of the economy in question.

Research Note
20 Feb 2015

Short-Term Impacts of Formalization Assistance and a Bank Information Session on Business Registration and Access to Finance in Malawi

Despite regulatory efforts designed to make it easier for firms to formalize, informality remains extremely high among firms in Sub-Saharan Africa. In most of the region, business registration in a national registry is separate from tax registration.

Working Paper
1 Jan 2015

Spatial Competition among Financial Service Providers and Optimal Contract Design

In this working paper Townsend and Zhorin (2014) present a contract-based model of industrial organization that allows us to consider in a unified way both different information frictions (moral hazard, adverse selection, both) and a variety of market structures (monopoly, imperfect competition,

Working Paper
28 Dec 2014

Assortative Matching of Exporters and Importers

This paper by Teshima, Sugita and Seira (2015) examines the mechanism determining the matching of exporting firms and importing firms. From transaction data of Mexican textile/apparel exports to the US, they report two new facts on exporter–importer matching at the product level.

Working Paper
1 Dec 2014

Characteristics of Entrepreneurs and Performance of Micro, Small and Medium Enterprises in Post conflict State: Evidence from Chad

Using the third Chadian survey on consumption and informal sector (ECOSIT III), this study aims at assessing the relationship between the profile of entrepreneurs and the performance of SMEs in Chad.

Working Paper
7 Oct 2014

The Impacts of Microfranchising on Young Women in Nairobi

This project piloted the first ever randomized evaluation of ‘microfranchising,’ measuring the impact of a program intended to help young women in Nairobi launch small-scale franchise businesses.

Research Note
30 Sep 2014

Gender and Investment: Impact of the EAC Integration process on Cross Border Investment by Female Investors

This project examines how the provision of information improves regulatory compliance and business behaviour by using survey data of women in cross-border trade at the Busia border in Uganda.

Research Note
23 Sep 2014

The Impact of Exporting: Evidence from a Randomised Trial

This project conducts a randomised field experiment in Egypt to study the channels through which export market access drives economic growth and reduces poverty.

Research Note
20 Aug 2014

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