Markets

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

Tariff Reform and Product Market Integration in Developing Countries: The Case of Zambia

This project investigates the extent and determinants of intra-national product market integration using a price approach in the context of Zambia, a low-income and landlocked country in Sub-Saharan Africa.

Research Note
8 Jul 2015

Bandits or States? Armed Group Expropriation Strategies and the Economy: Evidence from Eastern Congo

Building on previous exploratory work, this study utilizes data from conflict-affected Eastern Congo to examine the formation of ‘states’ by armed groups, their taxation activities, and policies aimed at reducing their state capacity. 

Research Project
29 Jun 2015

Direct and Indirect Impacts of Credit for SMEs

This randomized controlled trial in partnership with a development bank in the Philippines employs credit scoring for small and medium enterprise (SME) lending and measures the impact of credit on SME growth - both directly for firms receiving loans and indirectly for their competitors.

Research Note
19 Jun 2015

Price Setting Behaviour in Lesotho: Stylised Facts from Consumer Retail Prices

This paper by Edwards and Nchake (2015), published in the South African Journal of Economics, documents some of the main features of price-setting behaviour by retail outlets in Lesotho over the period March 2002 to December 2009.

Journal Article
1 Jun 2015

The Life Cycle of South African Manufacturing Firms

In this paper Andrew Kerr (2015) uses a new source of firm level panel data to describe and better understand the life cycle of South African manufacturing firms.

Working Paper
1 Jun 2015

Markup and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan

In this short paper, published in the American Economic Review, Atkin, Chaudhry, Chaudry, Khandelwal and Verhoogen (2015) directly asked firms about their mark-ups.

Journal Article
1 May 2015

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