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A Survey of the Microstructure of Corporate Bond Markets in Africa

Using a mix of survey and secondary datasets on Africa, we document that banks and non-bank financial institutions account for more than 85 percent of corporate bonds issued in Africa during 2000—2020, with a market capitalization of over 80 percent of these bon

Working Paper
12 Jul 2023

Characterising Competition in the Market for Agricultural Inputs in Kenya

Poor product quality plagues developing country markets, especially for goods like agricultural inputs where quality is only revealed after a farmer has used them.

Research Note
12 Jul 2023

Values of Directors, Gender Diversity and Environmental, Social, and Governance Performance of Firms in the Industrial Region of Ghana

We examine gender gaps in the values of female and male directors and investigate the effect of gender diversity on Environmental, Social, and Governance (ESG) outcomes in Greater Accra—the industrial region of Ghana.

Research Note
19 Jul 2023

Anna Hesemann

Centre for Economic Policy Research (CEPR)

Friendship and Collusion Among Lusakan Fruit and Vegetable Sellers

This study examines the role that non-monetary aspects (such as friendships) can play in sustaining collusive behaviour.

Research Project
1 Aug 2023

Clearing the Air on the Costs and Benefits of Road Infrastructure

This project aims to estimate the local economic costs resulting from transportation infrastructure and road traffic in Pakistan, specifically through increased air pollution, and compare them to the estimated benefits. 

Research Project
1 Aug 2023

Job vacancies and hiring by large employers in Bangladesh

This project aims to research the extent to which challenges in finding and hiring workers may hinder firms' growth. 

Research Project
1 Aug 2023

Returns to Capital for Whom? Experimental Evidence from Small Firm Owners and Workers in Ghana

We document capital contributions from workers to their employers in a representative sample of small firms.

Working Paper
1 Aug 2023

Productivity and Reallocation under Monopolistic Competition: A Micro Panel Data Analysis

This article studies the structural aggregate productivity growth (APG) decomposition with demand- and supply-side controls, determines comparative statics predictions for firms and economic outcomes, and examines patterns of input distortions.

Journal Article
5 Aug 2023

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