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The Light and the Heat: Productivity Co-benefits of Energy-saving Technology

Using detailed data from garment factories in Bangalore, India, Adhvaryu, Kala and Nyshadham (2014) estimate large, negative impacts of temperature on productive efficiency (actual over target output).

Working Paper
16 Jul 2014

Bandits or States? Armed Groups’ Expropriation Strategies and the Economy: Evidence from Eastern Congo

This study collected yearly historical data on 140 rural villages in Eastern Democratic Republic of Congo to identify the conditions under which armed groups can create institutions favorable to private sector development in areas over which the central state has little or no authority.

Research Note
26 Jun 2014

Contractual Structure, Borrower Selection, and Hypothetical Loan Demand: Survey Evidence from Uganda

Using survey data on micro and small enterprises in Uganda, this study investigates the phenomenon of ‘adverse selection’ in credit markets – i.e.

Research Note
17 Jun 2014

Newsletter Second Issue

Publication
23 May 2014

High Interest Rates and Low Bank Credit to MSMEs in Zambia: Do Switching Costs matter?

Using data collected from a sample of small firms in urban Zambia, this project investigates the existence of switching costs among Micro, Small and Medium Enterprises (MSMEs) when borrowing from commercial banks, and finds no evidence of MSMEs getting ‘locked in’ by their main bank.

Research Note
14 May 2014

Price Integration in Low-Income Countries: Market Structure and Retail Price-Setting Behaviour in Lesotho

This research note by Mamello Nchake and Lawrence Edwards (both University of Cape Town) summarizes the authors' stylised findings on price-setting behaviour among retail outlets in Lesotho using disaggregated product price data.

Research Note
2 May 2014

Consumer Price Rigidities in Lesotho: the Role of Outlet Characteristics and Competition

This paper extends the microeconomic empirical evidence on price setting in emerging economies using price and outlet survey data for Lesotho.

Working Paper
17 Feb 2014

Price Setting Behaviour in Lesotho: Stylised Facts from Consumer Retail Prices

This paper by Edwards and Nchake (2015), published in the South African Journal of Economics, documents some of the main features of price-setting behaviour by retail outlets in Lesotho over the period March 2002 to December 2009.

Journal Article
14 Jan 2014

Switching costs, Relationship banking and Micro, Small and Medium Enterprises formal bank credit in Zambia

Using data collected from a sample of MSMEs located in urban areas of five major districts in Zambia, this paper investigates the existence and size of switching costs among Micro, Small and Medium Enterprises (MSMEs) when borrowing formal bank credit.

Working Paper
10 Jan 2014

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