"This paper studies the decision of firms to extend trade credit to customers and its relation with their financing decisions. The authors use a novel firm-level database of Chinese SMEs with unique information on market power in both output and input markets and on the amount, terms, and...

"This paper first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and...

"The author tests the hypothesis that during systemic banking crises, access to finance is opportunistically tightened by incumbents to eliminate or weaken competition from mainly young firms. He finds this to be especially true in more corrupt countries. To do so, he uses a methodology similar...

"Serrano and Trujillo quantify the evolution of technical efficiency in port infrastructure service provision in the major Spanish port authorities involved in container traffic. They also analyze the extent to which port reforms that took place in the 1990s had an impact on the efficiency of...

Inefficiency is common in many of the world's water utilities, especially in developing countries. The problem derives from a range of different causes relating primarily to technical, organizational, and commercial (TOC) factors. Evidence from a World Bank study conducted in 2020 shows that...

Transitioning to a more knowledge- and technology-based economy will be critical if Bulgaria is to achieve convergence with its European peers in terms of economic productivity and living standards. The coming year presents an important opportunity for Bulgaria to improve its support for...

Burkina Faso's Poverty Reduction Strategies (PRS) of the 2000s, which were implemented as annually rolled-over Priority Action Programs, focused on four pillars: a) accelerating broad based growth; b) expanding access to social services for the poor; c) increasing employment and...

Burkina Faso's Poverty Reduction Strategies (PRS) of the 2000s, which were implemented as annually rolled-over Priority Action Programs, focused on four pillars: a) accelerating broad based growth; b) expanding access to social services for the poor; c) increasing employment and...