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I develop a method to measure and separate the production misallocation caused by failures in factor markets versus financial markets. When I apply the method to rice farming villages in Thailand I find surprisingly little misallocation. Optimal reallocation would increase output in most...
Persistent link: https://www.econbiz.de/10010499584
Why do the poor have so many economic activities? According to one theory the poor do not specialize because relying on one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in the international rice price. Households expecting a...
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Does economic development have an unavoidable ecological cost? We examine the ecological impacts of one of India's signature place-based economic policies involving massive tax benefits for new industrial and infrastructure development following the creation of the new state of Uttarakhand. The...
Persistent link: https://www.econbiz.de/10012838475
We measure where and to what end parties take control of Congressional redistricting, which lets them redraw districts to favor their own candidates. We exploit the discontinuous change in a party's control of redistricting triggered when its share of seats in the state legislature exceeds 50...
Persistent link: https://www.econbiz.de/10012945856
We measure the benefit to society created by preventing COVID-19 deaths through a marginal increase in early social distancing. We exploit county-level rainfall on the last weekend before statewide lockdown in the early phase of the pandemic. After controlling for historical rainfall,...
Persistent link: https://www.econbiz.de/10013220643
Why do the poor have so many economic activities? According to one theory the poor do not specialize because relying on one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in the international rice price. Households expecting a...
Persistent link: https://www.econbiz.de/10013035998