evidence. Using a novel dataset of 20,000 geo-tagged structures in rural Western Kenya, we provide descriptive evidence that …

scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and … polarization would induce consumers to be more cautious in increasing their saving and investment rates following a reform. Hence …

-level dataset on investment, stock prices, and sales. In the three-year period following liberalizations, the growth rate of the … rises in the post-liberalization period, suggesting that the investment boom does not constitute a wasteful binge. In the … cross section, changes in investment are significantly correlated with the signals about fundamentals embedded in the stock …

investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …

distribution-free bounds on welfare. We illustrate our results using experimental data on mosquito-net adoption in rural Kenya …

that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness …