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Newer Need Not be Better : Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights
Pinkovskiy, Maxim - 2016
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors of most conventional indicators. Therefore, we can use nighttime lights as an independent benchmark to assess existing measures of economic activity (Pinkovskiy and...
Persistent link: https://www.econbiz.de/10012456459
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On Frequent Batch Auctions for Stocks
Jagannathan, Ravi - 2019
I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...
Persistent link: https://www.econbiz.de/10012480285
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Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?
Banerjee, Abhijit - 2019
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
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A Division of Laborers : Identity and Efficiency in India
Cassan, Guilhem; Keniston, Daniel; Kleineberg, Tatjana - National Bureau of Economic Research - 2021
Workers' social identity affects their choice of occupation, and therefore the structure and prosperity of the aggregate economy. We study this phenomenon in a setting where work and identity are particularly intertwined: the Indian caste system. Using a new dataset that combines information on...
Persistent link: https://www.econbiz.de/10012482678
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Firm-Specific Information and the Efficiency of Investment
Chari, Anusha - 2006
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
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Systemic Crises and Growth
Ranciere, Romain - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10012467611
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Ferreting Out Tunneling : An Application to Indian Business Groups
Bertrand, Marianne - 2000
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature....
Persistent link: https://www.econbiz.de/10012470784
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Understanding Inflation in India
Ball, Laurence - 2016
This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation … headline inflation feed into expected inflation and future core inflation. Several aspects of India's inflation process are …
Persistent link: https://www.econbiz.de/10012455732
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The Term Structure of Interest Rates in India
Mehra, Rajnish - 2016
We examine the term structure of interest rates in India to see if the yield curve can be rationalized based on the …
Persistent link: https://www.econbiz.de/10012456653
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … of the spatial equilibrium hypothesis, the central organizing idea of urban economics, are not rejected. The India data …
Persistent link: https://www.econbiz.de/10012456671