This paper revisits the economic consequences of land fragmentation, taking seriously concerns regarding the exogeneity of fragmentation, its measurement and the importance of considering impacts in terms of welfare metrics. Using data that are well-suited to addressing these issues, the...

What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...