Showing 1 - 10 of 92
of increasing safety rather than production. We study the U.S. metals mining sector, leveraging exogenous demand shocks …
Persistent link: https://www.econbiz.de/10012480345
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10012464906
We provide new evidence of one channel through which circular labor migration has long run effects on origin communities: by raising completed human capital of the next generation. We estimate the net effects of migration from Malawi to South African mines using newly digitized Census and...
Persistent link: https://www.econbiz.de/10012456625
damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the … mining until better information arrives. We show conditions under which it is optimal to postpone the mining decision … marginal mine owner is completely indifferent between mining immediately and at any point in the future. Thus, for our problem …
Persistent link: https://www.econbiz.de/10012457342
mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an … cold and warm regions alike and in industries that are not directly related to mining, such as trade, finance and services …
Persistent link: https://www.econbiz.de/10012460330
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These...
Persistent link: https://www.econbiz.de/10013435110
Primary historical sources are often by-passed for secondary sources due to high human costs of accessing and extracting primary information-especially in lower-resource settings. We propose a supervised machine-learning approach to the natural language processing of Chinese historical data. An...
Persistent link: https://www.econbiz.de/10015072923
"Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that … often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be … uncorrelated with ex-post firm-level responses, further evidence that deals rather than rules prevail in Africa. Strikingly, the …
Persistent link: https://www.econbiz.de/10011394615
Africa. But employment in African manufacturing has grown rapidly over the past 20 years. These employment gains have been … (iii) robust labor productivity growth in Africa's large firms. Limited employment growth in Africa's large manufacturing … manufacturing to raise living standards in Africa depends on indirect job creation by large firms through backward and forward …
Persistent link: https://www.econbiz.de/10012794598
about women's time use in Africa. First, in North Africa, women spend very few hours in market work and female labor force … participation overall is extremely low. Second, although extensive margin participation of women is high in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10012794599