Markets

Landmines and Spatial Development

Landmine contamination affects the lives of millions in many conflict-ridden countries long after the cessation of hostilities. Yet, little research exists on its impact on post-conflict recovery.

Working Paper
18 Jun 2018

The Microstructure of Corporate Bond Markets in Emerging Economies: Evidence from Africa

By exploring the microstructure, this study seeks to address the frictions, inefficiencies and lack of competition of corporate bond markets in Africa.

Research Project
1 Jun 2018

Closer Monetary Union and Product Market Integration in Emerging Economies: Evidence from the Common Monetary Area in Southern Africa

This study by Nchake, Edwards and Rankin (2017), published in the International Review of Economics and Finance, utilizes detailed micro price data to estimate the impact of closer monetary union on the integration of product markets across countries, considering two

Journal Article
1 Mar 2018

Land Mines and Spatial Development

What happens to the economic performance of a region contaminated by explosive remnants of war (unexploded ordnance and landmines) when it is finally cleared? Which regions benefit the most? And what are the aggregate country-wide effects of landmine clearance?

Research Note
19 Jan 2018

Misallocation in the Market for Inputs: Enforcement and the Organization of Production

The timely enforcement of supplier contracts by courts of justice is an important determinant of firms’ organizational structure and overall productivity.

Research Note
18 Jan 2018

Investment Dynamics, Unobserved Heterogeneity and Endogenous Investment Switching Regime in Manufacturing

This paper investigates the industrial effects of true state dependence, the sales-to-capital ratio and unobserved heterogeneity on the rate of investment in plant, machinery and equipment (PME) in Swaziland.

Working Paper
1 Jan 2018

Firms and the Decline in Earnings Inequality in Brazil

In this paper, published in the American Economic Journal: Macroeconomics, Alvarez, Benguria, Engbom and Moser (2018) document a large decline in earnings inequality in Brazil between 1996 and 2012.

Journal Article
1 Jan 2018

Competition and Market Power in Deregulated Fertilizers in India

This paper by Beáta Itin-Shwartz (2017) investigates competition and market share dominance in the Indian fertilizer sector during a process of deregulation, using a newly constructed database.

Working Paper
10 Nov 2017

Is There an Energy-Efficiency Gap? Experimental Evidence from Indian Manufacturing Plants

Climate policy pushes energy-efficiency investments as a means to reduce energy consumption, and thus greenhouse gas emissions, in developing countries.

Working Paper
16 Aug 2017

Firm Entry Barriers, Growth Constraints, and Job Creation

Bazzi, Muendler and Rauch (2017) use new data on credit transactions and formal firms in Brazil to identify the effects of a large-scale expansion in credit for small and medium enterprises.

Research Note
8 Aug 2017

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