This paper explores the mechanisms through which finance affects corporate investments and capital accumulation. We separate the effects of financial conditions from those of financial development. Based on a sample of firms from five Asian emerging economies, we find that (i) financial...

Over last few decades, there has been a growing interest among researchers in understanding the link between trade liberalization and regional disparities within the context of an individual country. In this study, we develop the first ever single-country multiregional Computable General...

We assess the impact of an approach in the Indian state of Andhra Pradesh that combines micro-credit with efforts to target the poor, address their specific needs, and enhance their economic potential. Our results support the pro-poor nature of the program and point toward benefits in terms of...