Markets

In this paper, published in the American Economic Review, Bustos, Caprettini and Ponticelli (2016) study the effects of the adoption of new agricultural technologies on structural transformation.

Markets in developing countries are often portrayed as dysfunctional, with low levels of competition and large numbers of unproductive firms. In theory, increased competition could work as a disciplining force in these settings.

Landmines affect the lives of millions in many conflict-ridden communities long after the cessation of hostilities. However, there is little research on the role of demining.

A lack of trust in product quality can distort markets, reducing demand and investment. Can a low-touch information campaign improve confidence in fertiliser quality in Tanzania, raising demand for a critical agricultural input?

A lack of reliable information about fertiliser quality depresses farmer demand, reducing crop yields and negatively impacting livelihoods.

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

We study Indonesia’s Integrated Economic Development Zone program, which provided taxbreaks for firms locating in poorer districts.

How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption?

This paper shows that self-employment shapes labor market power in low-income countries, with implications for industrial development.