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.

We study the market power of employers in low-income countries, its relation with selfemployment, and its implications for industrial development.

Using survey and interview data gathered from 13 countries in Africa, and bond issuance data from DataStream, this study reveals that corporate bond markets in Africa use reasonably modern trading infrastructure.

This study analysed the stylized facts that characterised price-setting behaviour in the Economic Community of West African States (ECOWAS).

The measurement of the returns to adoption of mechanised practices is of first order relevance to understanding the effect of policies directed towards capital intensification on overall productivity.

In economies with a continuum of agents of different types, pecuniary externalities are removed with market exchanges.

Firms use relational contracts to support repeated trade. Do these informal agreements evolve in response to market conditions? In a market for ice, firms reestablish relationships on new terms when a prior agreement breaks down.