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.

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.

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

This project has two basic objectives. First, we analyse the stylised facts that characterise price setting behaviour in the Economic Community of West African States (ECOWAS).

How do consumers’ information frictions affect firms’ choice of location within a city? This paper combines an original data collection and a quantitative equilibrium model of consumer search and firm location to answer this question.

This study examines the extent of market integration within the West African sub-region using the theory of “law of one price”. The dataset covers three countries: Nigeria, Benin and Togo accounting for about three quarters of the sub-region economy.

Informal actors often compete with formal or regulated ones. Regulated actors therefore can be natural allies in government attempts to enforce laws and regulations. Yet they often are not.