This paper studies whether the volume and composition of capital flows affect the degree of credit crunch during the 2007-2009 crisis. Using data on 3823 firms in 24 emerging countries, we find that, on average, the decline in stock prices was more severe for firms that are intrinsically more...

The boom of microfinance and its high profits in emerging countries has raised interest in this sector of investors in developed countries. The question to be addressed is how venture capital will help this MFI scale its business and profits? Can developed country investors, facing a lack of...

Since the introduction of the Structural Adjustment Programs and subsequent World Bank and the IMF economic adjustment initiatives, there have been increasing concerns about their economic impacts in developing countries. The commonplace concern is that the Neo-liberal economic philosophies of...

This paper tests the hypothesis that a high and persistent exposure to infectious diseases increases the likelihood of civil conflicts. Diseases that are difficult to prevent and treat may reduce the opportunity costs of violent activities, both directly and indirectly. The analysis exploits new...

Higher wages are generally thought to increase human capital production, particularly in the developing world. We introduce a simple model of human capital production in which investments and time allocation differ by age. Using data on test scores and schooling from rural India, we show that...

This paper tests the hypothesis that a high and persistent exposure to infectious diseases increases the likelihood of civil conflicts. Diseases that are difficult to prevent and treat may reduce the opportunity costs of violent activities, both directly and indirectly. The analysis exploits new...

Many developing countries are plagued by persistent inequality in income distribution. While a growing body of economic-demographic literature emphasizes differential fertility channel, this paper investigates differential child mortality - differences in child mortality across income groups -...

This chapter reviews the literature on marriage in developing countries. We describe how marital matching occurs; the trends in age at marriage; assortative mating patterns; marriage payments; and spousal decision-making after a marriage has occurred. Lastly, we discuss trends and rationales for...

The possible non linearity of the income elasticity of child labour has been at the centre of the debate regarding both its causes and the policy instruments to address it. We contribute to this debate providing theoretical and empirical novel results. From a theoretical point of view, for any...

The possible non linearity of the income elasticity of child labour has been at the centre of the debate regarding both its causes and the policy instruments to address it. We contribute to this debate providing theoretical and empirical novel results. From a theoretical point of view, for any...