Markets

Using survey data on micro and small enterprises in Uganda, this study investigates the phenomenon of ‘adverse selection’ in credit markets – i.e.

Using data collected from a sample of small firms in urban Zambia, this project investigates the existence of switching costs among Micro, Small and Medium Enterprises (MSMEs) when borrowing from commercial banks, and finds no evidence of MSMEs getting ‘locked in’ by their main bank.

This research note by Mamello Nchake and Lawrence Edwards (both University of Cape Town) summarizes the authors' stylised findings on price-setting behaviour among retail outlets in Lesotho using disaggregated product price data.

Misallocations of factors of production have the potential to explain a large portion of cross-country differences in productivity (Hsieh and Klenow, 2009). Yet, empirical evidence relating actual differences in firms' productivity to observable policy distortions has been scarce.

In this study of a large scale highway upgrade project in India, called the Golden Quadrilateral (GQ), Kerr, Grover and Ghani (2013) find several positive effects on the organized sector for non-nodal districts located in proximity with the GQ vis-à-vis other districts — most notably higher entry