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Newsletter Second Issue

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

Borrower Switching Behavior, Market Dominance and Bank Competition of Micro, Small and Medium Enterprises 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

Highways, Firm Productivity, and Allocative Efficiency in India

In this study of a large scale highway upgrade project in India, called the Golden Quadrilateral (GQ), Kerr, Grover and Ghani (2013) find several positive effects on the organized sector for non-nodal districts located in proximity with the GQ vis-à-vis other districts — most notably higher entry ra

Research Note
3 Jan 2014

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
3 Jan 2014

On the Origin of the State: Stationary Bandits and Taxation in Eastern Congo

Sanchez de la Sierra (2017) gathers panel data on armed actors in 650 locations of Eastern Congo to explain the emergence and trajectories of Tilly (1985)’s essential functions of the state.

Working Paper
2 Jan 2014