Narrow search
Showing 1 - 10 of 6,627
Cover Image
Barriers to Electrification for "Under Grid" Households in Rural Kenya
Lee, Kenneth - 2014
evidence. Using a novel dataset of 20,000 geo-tagged structures in rural Western Kenya, we provide descriptive evidence that …
Persistent link: https://www.econbiz.de/10013050168
Cover Image
Financial Liberalization in Latin-America in the 1990s : A Reassessment
Aizenman, Joshua - 2021
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 …
Persistent link: https://www.econbiz.de/10013223610
Cover Image
Capital Account Liberalization : Allocative Efficiency or Animal Spirits?
Chari, Anusha; Henry, Peter Blair - 2022
investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …
Persistent link: https://www.econbiz.de/10013322325
Cover Image
Demand and Welfare Analysis in Discrete Choice Models with Social Interactions
Bhattacharya, Debopam - 2019
distribution-free bounds on welfare. We illustrate our results using experimental data on mosquito-net adoption in rural Kenya …
Persistent link: https://www.econbiz.de/10012868357
Cover Image
Retrospective vs. Prospective Analyses of School Inputs : The Case of Flip Charts in Kenya
Glewwe, Paul; Kremer, Michael; Moulin, Sylvie; … - 2021
This paper compares retrospective and prospective analyses of the effect of flip charts on test scores in rural Kenyan schools. Retrospective estimates that focus on subjects for which flip charts are used suggest that flip charts raise test scores by up to 20 percent of a standard deviation....
Persistent link: https://www.econbiz.de/10013313228
Cover Image
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income
Dabla-Norris, Era - 2015
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
Cover Image
Transition to FDI Openness : Reconciling Theory and Evidence
McGrattan, Ellen R. - 2011
Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided … conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in …
Persistent link: https://www.econbiz.de/10013130264
Cover Image
Two Monetary Tools : Interest Rates and Haircuts
Ashcraft, Adam B. - 2010
We study a production economy with multiple sectors financed by issuing securities to agents who face capital constraints. Binding capital constraints propagate business cycles, and a reduction of the interest rate can increase the required return of high-haircut assets since it can increase the...
Persistent link: https://www.econbiz.de/10013138470
Cover Image
The Redistributive Effects of Financial Deregulation
Korinek, Anton - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However,...
Persistent link: https://www.econbiz.de/10013073879
Cover Image
High Frequency Traders : Taking Advantage of Speed
Ait-Sahalia, Yacine - 2013
We propose a model of dynamic trading where a strategic high frequency trader receives an imperfect signal about future order flows, and exploits his speed advantage to optimize his quoting policy. We determine the provision of liquidity, order cancellations, and impact on low frequency traders...
Persistent link: https://www.econbiz.de/10013074299