This paper was prepared for the fourth annual Vietnam Executive Leadership Program (VELP), held at the Harvard Kennedy School from August 26 to 30, 2013. This paper aimed to provide participants, including Vietnamese government officials, scholars, and corporate executives, with a concise...

When in 2010, the President of the Union of Myanmanr, the Speaker of the Lower House and several ministers decided to push for a rapid political opening, they engineered what could be called a critical juncture. This critical juncture now provides the country with an opportunity to move forward,...

More than 40% of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. Biofuels have been blamed universally for recent increases in world food prices. Many studies have shown that these energy mandates in the US and EU may have a large (30-60%)...

This paper estimates the returns to household income due to improved access to electricity in rural India. We examine the effect of connecting a household to the grid and the quality of electricity, defined as hours of daily supply. The analysis is based on two rounds of a representative panel...

The paper presents a model of an economy whose urban structure consists of cities of different types. All cities of different types. All cities produce a non-tradeable final good using both types of tradeable intermediate varieties. Each city has an internal spatial structure: individuals...

Many countries have adopted energy policies that promote biofuels as a substitute for gasoline in transportation. For instance, more than 40% of U.S. grain is now used for energy and this share is expected to rise under the current Renewable Fuels Mandate. This paper examines the distributional...

This paper examines spatial effects in house price dynamics. Using panel data from 363 US Metropolitan Statistical Areas for 1996 to 2013, we find that there are spatial diffusion patterns in the growth rates of urban house prices. Lagged price changes of neighboring areas show greater effects...

Recent innovations in digital learning and web-based technologies have enabled scalability in educational services that has previously not been feasible presenting a potential disruption in traditional higher education markets. This paper explores the impact of these innovations in a vertically...