We study the role of factor market imperfections in determining industry-level capital intensities. Using cross-country panel data on manufacturing industries, we find that labor market imperfections arising from labor regulation have a greater influence on capital intensity than do credit...

Summary Those involved in the millennium development goal (MDG) campaign routinely state "Africa will miss all the MDGs." This paper argues that a series of arbitrary choices made in defining "success" or "failure" as achieving numerical targets for the MDGs made attainment of the MDGs less...

Foreign aid critics, supporters, recipients, and donors have produced eloquent rhetoric on the need for better aid practices—has this translated into reality? This paper attempts to monitor the best and worst of aid practices among bilateral, multilateral, and UN agencies. We create aid...