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Joint Lending, Not Borrowing: A New Approach to Credit and Entrepreneurship in LDCs

Wan and Chandrasekhar (2019) study how the quality of decision making, in this case by credit officers, depends on (1) whether decisions are made at the group or individual level, (2) whether soft information is available beyond hard information, and (3) the incentive structure that officers face.

Research Note
26 Feb 2019

Competition, Financial Constraints and Misallocation: Plant-level Evidence from Indian Manufacturing

A commonly held and highly intuitive view is that intensified competition will improve the allocation of resources in an economy, by shifting resources to more productive firms.

Research Note
21 Jan 2019

Value of Formalization for Women Entrepreneurs in Developing Contexts: A Review and Research Agenda

Formalization is constantly being proposed as being of great benefit to business expansion and success.

Journal Article
1 Jan 2019

Leveraging Political Incentives for Environmental Regulation: Evidence from Chinese Manufacturing Firms

This paper, by He, Wang and Zhang (2019), estimates the effect of environmental regulation on firm productivity usign a spatial regression discontinuity design implicit in China's water quality monitoring system.

Working Paper
1 Jan 2019

Getting Capital to Microenterprises: What do we know about why and how?

Recent research illuminates the opportunity to increase incomes of microenterprise owners through the provision of capital.

Policy Insight
1 Dec 2018

Chinese Investment in Africa: How Much Do We Know?

Many reports have described Chinese engagement in Africa as “neo-imperialism” and “authoritarian capitalism”, exploiting resources and local labour while undermining democracy.

Policy Insight
1 Dec 2018

8 Geese Flying to Ghana? A Case Study of the Impact of Chinese Investments on Africa’s Manufacturing Sector

China has significantly changed its engagement mode with Africa, shifting from trade of natural resources to investment in industrial sectors. Tang (2018) uses Ghana as a case study to examine why and how Chinese investors come to set up factories in Africa’s challenging business environment.

Journal Article
1 Dec 2018

Identifying Productivity Spillovers Using the Structure of Production Networks

Despite the importance of agglomeration externalities in theoretical work, evidence for their nature, scale, and scope remains elusive, particularly in developing countries.

Working Paper
1 Dec 2018

Price-setting Behavior and Competition in Developing Countries: An Analysis of Retail Outlets in Lesotho

The authors study the relationship between price-setting behavior and the degree of competition in a setting where markets and information flows are relatively imperfect.

Journal Article
1 Dec 2018

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