While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...

While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...

This short article discusses urban redevelopment, and its relation to economic productivity and various concepts of well being. It notes that solutions adopted in one era are apt to be the problems of the next. The article then introduces the four articles comprising the George Mason Law Review...

Rapid urbanization is transforming the developing world, but the political consequences of this transformation are not well understood. In this paper, we argue that political contention and mobilization in the urban environment differs from other forms of political activity in its scale, speed,...

This study assesses the empirical relevance of the Harris-Todaro model at high levels of urbanization a feature that characterizes an increasing number of developing countries, which were largely rural when the model was created 50 years ago. Using data from Brazil, the paper compares observed...

In all successful modern economies, cities are the engines of growth and melting pots of diversely talented individuals. They offer inclusive environments with openness and access to opportunities, thus becoming the bedrocks of prosperity. On the contrary, many rapidly expanding cities in...

Developing countries have seen a rapid rise in population urbanization in the past decades. At the same time, they have participated actively in the process of globalization. However, possible interlinks between population urbanization and trade openness in developing economies have been ignored...