a puzzle. One under-studied reason is that the design of subsidy schemes is such that households remain financially … constrained. This paper analyses whether, and how, micro-finance supports a large public health subsidy program in the developing …: First, micro-credit allows households officially ineligible for the subsidy to invest in sanitation by alleviating credit …

estimation imply that a 10 percent increase in fuel prices would lead to a 3.3 percent increase in total factor productivity for …