We investigate the impact of electrification on the economic, educational, and environmental outcomes of the Lao People's Democratic Republic (Lao PDR). We use household-level data and a novel identification scheme, whereby we instrument the electrification status with the proportion of...

Solar adoption exploded until 2015 in Bangladesh, setting a precedent for electrifying previously unconnected areas worldwide. This study tries to measure the welfare effects of solar adoption using the three rounds of the Bangladesh Integrated Household Surveys. We applied both ordinary least...

We investigate the impact of electrification on the economic, educational, and environmental outcomes of the Lao People's Democratic Republic (Lao PDR). We use household-level data and a novel identification scheme, whereby we instrument the electrification status with the proportion of...

Solar adoption exploded until 2015 in Bangladesh, setting a precedent for electrifying previously unconnected areas worldwide. This study tries to measure the welfare effects of solar adoption using the three rounds of the Bangladesh Integrated Household Surveys. We applied both ordinary least...

A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy's productive capacity....

Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...

We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period. Geographical proximity and cultural affinity between the two countries, as well as the key role of the developmental state in the economies of both countries, suggests that an...