We test whether rural versus urban location, and the amount of social capital present in those locations, influence the performance of Small Business Administration (SBA) 7(a) loans originated between 1984 and 2012. On average, we find that rural loans are about 11% less likely to default than...

This longitudinal qualitative study aimed at investigating and analyzing rural entrepreneurship in the era of globalization. The main goal of this paper is to form and present a theoretical alternative for mainstream economic rural entrepreneurship. For this purpose, 40 entrepreneurs, experts,...

Tokyo and Seoul, the two leading East Asian global cities, operate under "developmental states." They often struggle for control over major urban initiatives against their strong state government agencies as they seek prominence in the global city hierarchy. Through comparative review of...

This paper reviews recent work on the economics of fast growing developing country cities, with a focus on Africa. It sets out some of the broad facts about African urbanisation and summarises two recent pieces of research work. The first argues that coordination failure can create multiple...

Latin America and the Caribbean is the most urbanized region in the developing world. Its urbanization rate of almost 80 % is comparable to that of high-income countries. However, cities in the region are struggling to provide the infrastructure needed for their millions of residents to enjoy a...

We solve an optimal land sale problem for a mayor who sells public land and uses the land sale revenue to finance infrastructure. Over an infinite horizon the mayor chooses land sale and infrastructure in each period to maximize the market value of the city net of the spending on infrastructure....

This paper presents the impact of decreasing MFI interest rates on household deposits and saving goals in 12 Monetary Union member countries in the years 2009-2015. It analyses tendencies in household deposits (overnight, with agreed maturity and redeemable at notice), and attempts to link them...

In the last thirty years, the world’s economies have changed significantly. New technology developments have enabled the transition from the industrial economy to the network economy. The network economy is based on information technology, connectivity and human knowledge. Its development has...