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Taxes, Misallocations, and Productivity

Misallocations of factors of production have the potential to explain a large portion of cross-country differences in productivity (Hsieh and Klenow, 2009). Yet, empirical evidence relating actual differences in firms' productivity to observable policy distortions has been scarce.

Working Paper
5 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
1 Jan 2014

Misallocation, Internal Trade, and the Role of Transportation Infrastructure

Asturias, Garcia-Santana, and Ramos (2014) investigate the role of transportation infrastructure in explaining resource misallocation and income in India.

Working Paper
1 Jan 2014

Product Market Price Integration in Developing Countries

Widespread empirical evidence of price discrimination in markets for goods and services suggests that national markets should be viewed as segmented rather than integrated. Yet, this research is almost entirely driven by studies of price setting behaviour in developed countries.

Working Paper
1 Nov 2013

Mobile Salary Payments in Afghanistan: Policy Implications and Lessons Learned

This policy paper by Blumenstock, Callen and Ghani (2013) shows, using a randomized controlled trial with a large Afghan firm, that paying salaries using mobile money instead of physical cash produces significant cost savings for the employer, boosts demand for the services of the mobile network ope

Working Paper
1 Nov 2013

The Golden Quadrilateral Highway Project and Urban/Rural Manufacturing in India

This study investigates the impact of the Golden Quadrilateral highway project on the urban and rural growth of Indian manufacturing. The Golden Quadrilateral project upgraded the quality and width of 5,846 km of roads in India.

Working Paper
1 Sep 2013

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