Markets

When Regional Policies Fail: An Evaluation of Indonesia’s Integrated Economic Development Zones

We study the impact of Indonesia’s KAPET programme, which provided incentives to firms to locate in specific districts.

Research Note
1 Mar 2017

Firm Clusters and Productivity in Indonesia

Examining how agglomeration, or clustering, among Indonesian manufacturing firms has changed over the past 30 years, we found that its most robust drivers have been natural resources and supply chain linkages, especially with respect to explaining long-term changes in spatial concentration.

Research Note
1 Mar 2017

The Supply of High Quality Entrepreneurs in Developing Countries: Evidence from Nigeria

This project evaluated entrepreneurial interest among university undergraduates in Nigeria and the role of compulsory entrepreneurship education in forging this interest. Most undergraduates in Nigeria would like to start their own business but only a handful of them currently do so.

Research Note
8 Dec 2016

Assessing the Spatial Concentration of Indonesia’s Manufacturing Sector: Evidence from Three Decades

Beyond the role of economic forces, many theories of economic geography emphasize the way politics can shape the spacial configuration of economic activity.

Working Paper
1 Dec 2016

The Allocative Efficiency of Land in India

This study of misallocation of inputs and output in Indian manufacturing reveals that, although more productive establishments in India tend to produce more output, factors of production are grossly misallocated.

Research Note
28 Nov 2016

Ethnic Contract Enforceability

Many states struggle to enforce contracts. The origin of the state's "legal capacity" to enforce contracts is often explained as a result of past choices by rulers.

Working Paper
11 Oct 2016

Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions

In this working paper Moll, Townsend and Zhorin (2016) use a variety of different data sets from Thailand to study not only the extremes of micro and macro variables but also within-country flow of funds and labor migration.

Working Paper
27 Mar 2016

The Economics of Platforms in a Walrasian Framework

In this working paper Townsend and Jain (2016) present a tractable model of platform competition in a general equilibrium setting, allowing multiple platforms to emerge.

Working Paper
1 Jan 2016

Turnover Taxes and Productivity: Evidence from a Brazilian Tax Reform

Caprettini and Ciccone (2015) exploit a Brazilian tax reform to study the productivity losses caused by taxes on turnover, a type of tax that distorts transactions between firms and that is common in developing countries.

Working Paper
29 Nov 2015

Effects of Land Misallocation on Capital Allocations in India

Growing research and policy interest focuses on the misallocation of output and factors of production in developing economies. This working paper by Kerr, Duranton, Grover and Ghani (2016) considers the possible misallocation of financial loans.

Working Paper
1 Oct 2015

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