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The costs of favoritism: Is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...

Persistent link: https://www.econbiz.de/10010332994

Rural Transformation, Inequality, and the Origins of Microfinance

Süße, Marvin - 2019

What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for these determinants using the expansion of credit...

Persistent link: https://www.econbiz.de/10012857765

Do Pilot and Demonstration Projects Work?

Blackburn, Christopher J. - 2018

Pilot and demonstration (P&D) projects are commonly deployed to catalyze early adoption of technology, but are poorly understood in terms of mechanism and impact. We conceptually distinguish unique functions of pilots and demonstrations, then examine whether they accelerate green building...

Persistent link: https://www.econbiz.de/10012908668

A Theory of Outside Equity : Financing Multiple Projects

Bougheas, Spiros P. - 2019

In the financial economics literature debt contracts provide efficient solutions for addressing managerial moral hazard problems. We analyze a model with multiple projects where the manager obtains private information about their quality after the contract with investors is agreed. The...

Persistent link: https://www.econbiz.de/10012892115

Climate Damages in Convergence-Consistent Growth Projections

Harding, Anthony; Moreno Cruz, Juan; Quaas, Martin F.; … - 2023

Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...

Persistent link: https://www.econbiz.de/10014347833

Projective Paternalism

Ambuehl, Sandro - 2019

We study experimentally when, why, and how people intervene in others' choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...

Persistent link: https://www.econbiz.de/10012865173

Voluntary Equity, Project Risk, and Capital Requirements

Haufler, Andreas; Lülfesmann, Christoph - 2022

We introduce a model of the banking sector that formally incorporate a buffer function of capital. Heterogeneous banks choose their portfolio risk, bank size, and capital holdings. Banks voluntarily hold equity when the buffer effect against the risk of default outweighs the cost advantages of...

Persistent link: https://www.econbiz.de/10013308111

Maquiladoras and informality: A mixed blessing

Heid, Benedikt; Larch, Mario; Riaño, Alejandro - 2011

Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a … market outcomes in Mexico. We develop a heterogeneous firm model with imperfect labor markets that captures salient features …

Persistent link: https://www.econbiz.de/10010280836

Spotlight on Spatial Environmental Policy Spillovers : An Econometric Analysis of Wastewater Treatment in Mexican Municipalities

Hecker, Lutz Philip - 2018

Mexico. However, wastewater treatment levels also differ greatly among the 2,456 Mexican municipalities. We apply spatial …

Persistent link: https://www.econbiz.de/10012908670

Firms and Labor in Times of Violence : Evidence from the Mexican Drug War

Utar, Hâle - 2019

Violence in Mexico has reached unprecedented levels in recent times. After the government began a crackdown on drug … studies the impact of violent conflict on firms, exploiting this period of heightened violence in Mexico commonly referred to … significant distortive effects of the Mexican Drug War on domestic industrial development in Mexico and suggest that the Drug War …

Persistent link: https://www.econbiz.de/10012892241