The impacts of cash grants and access to credit are known to vary widely, but progress on targeting these services to high-ability, reliable entrepreneurs is so far limited.
Beyond the role of economic forces, many theories of economic geography emphasize the way politics can shape the spacial configuration of economic activity.
Despite the importance of agglomeration externalities in theoretical work, evidence for their nature, scale, and scope remains elusive, particularly in developing countries.
Yoon Lee and Shin (2017) analyze the effect of technological change in a novel framework that integrates an economy's skill distribution with its occupational and industrial structure. Individuals become managers or workers based on their managerial vs.
Governments around the world have introduced reforms to attempt to make it easier for informal firms to formalize. However, most informal firms have not gone on to become formal, especially when tax registration is involved.
Many states struggle to enforce contracts. The origin of the state's "legal capacity" to enforce contracts is often explained as a result of past choices by rulers.
Distance between buyers and sellers can create search and contracting problems: how to find out what goods are available in far away places, and ensure they are actually delivered?
