This paper examines locational factors that increase the odds of a firm's entry into export markets and affect the intensity of its participation. It differentiates between two different sources of spillovers: clustering of general economic activity and that of export-oriented activity. It also...

This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade...

We review the literature on the relationship between firm geographic location and corporate finance with an emphasis on corporate governance. We discuss the importance of geographic location within the context of four theoretical frameworks – agency theory of the firm, asymmetric information,...

We provide a new theory and evidence on colonial border formation in Africa. Existing accounts highlight that Europeans unilaterally drew arbitrary international borders in ignorance of local conditions. We instead show that African border formation was a dynamic process that lasted for decades,...