Protected areas are increasingly used as a tool to fight against deforestation. This paper presents new evidence on the spillover effects that occur in the decision to deforest and the creation of protected areas in local administrative entities in Brazilian Legal Amazon over the 2001-2011...

The paper investigates the importance of spatial dependences on Foreign Direct Investment (FDI) localization across Chinese provinces over the 1992-2009. Based on exploratory spatial data analysis, spatial sigma-convergence and spatial Durbin specifications, we present a much clearer picture of...

The role of school fees in achieving both allocative and productive efficiency in the delivery of primary education has been a subject of intense debate. Building on a simple model that makes explicit the role of school fees in determining the optimal level of parental participation to school...

This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then...

This paper measures the extent to which households in Madagascar adjust children’s school attendance in order to cope with exogenous shocks. We model the household’s decisions to enroll children in school, and remove them from school, and measure the impact on these decisions of shocks to...

This paper analyses the causal relationship between financial development and international trade using data of 21 developed and developing countries from 1961 to 2010 and appropriate time series techniques that allow us to decompose the source of causation according to the order of integration...

This paper explores the technology-discriminating role of export market participation. Exports are found to enhance firm's productivity, mainly due to the self-selection of more productive firms into export markets and/or the role of learning-by-exporting, suggesting that the underlying...

In this paper, we investigate the effects of fiscal episodes in Organization for Economic Cooperation and Development (OECD) donor countries on the distribution of their aid expenditures towards developing countries. We use descriptive statistics provided by Alesina and Ardagna (2010) on fiscal...

Based on a sample of 38 emerging countries, we find that inflation targeting (IT) adoption improves sovereign debt risk. However, we show that IT adoption effectiveness is sensitive to several structural characteristics, such as the phase of the business cycle, the fiscal stance, and the level...

This paper investigates the mechanisms determining spatial interactions in deforestation, and its transmission channels, using data from Brazil. Our preliminary results confirm the hypothesis that deforestation in the Brazilian Amazon is characterized by complementarity, meaning that...