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and supply factors that can result in such an equilibrium. We then empirically study the disruption of the maize seed … allowed a local seed company to expand and target the area with adaptively-bred maize varieties. A three-year RCT reveals that …
Persistent link: https://www.econbiz.de/10013289319
Since independence a quiet revolution has taken place in maize production in the Sahel with Mali increasing production … more than ten-fold and yields going up ~2% a year. This research work uses farm level panel data from southern Mali's maize … fertilizer amounts and the marginal returns to fertilizer use. The results demonstrate the key changes behind this silent maize …
Persistent link: https://www.econbiz.de/10013066693
economically significant increases in output, yields, and profits. In our preferred specification, maize production increases by 24 …
Persistent link: https://www.econbiz.de/10012839959
This paper tests financial accelerator models. Using a novel dataset on agricultural production, we examine how exogenous productivity shocks arising from variation in temperature are propagated into the future. We find that past weather shocks have persistent effects on land values and...
Persistent link: https://www.econbiz.de/10013024511
This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...
Persistent link: https://www.econbiz.de/10013127982
In Fall 2009, officials from Chicago Public Schools changed their assignment mechanism for coveted spots at selective college preparatory high schools midstream. After asking about 14,000 applicants to submit their preferences for schools under one mechanism, the district asked them re-submit...
Persistent link: https://www.econbiz.de/10013130257
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast and has been called forecast targeting, and a high degree of transparency and accountability....
Persistent link: https://www.econbiz.de/10013131986
This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...
Persistent link: https://www.econbiz.de/10013134144
Recent tests using long data series find evidence in favor of long-run PPP (by rejecting either the null hypothesis of unit roots in real exchange rates or the null of no cointegration between nominal exchange rates and relative prices.) These tests may have reached the wrong conclusion. Monte...
Persistent link: https://www.econbiz.de/10013135309
Economists have often argued that "pay for performance" is the optimal compensation scheme. However, use of the simplest form of pay for performance, the piece rate, has been in decline in manufacturing in recent decades. We show both theoretically and empirically that these changes are due to...
Persistent link: https://www.econbiz.de/10013135877