We develop a general equilibrium model to assess the quantitative impact of distorting institutions and policies related to the poor business environment in 30 sub-Saharan African countries. A subset of the distortions - namely, regulation, crime, corruption, and poor infrastructure - is modeled...

Differences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross-country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...

Using survey data on Bulgarian and Macedonian firms that participated in USAID programs providing technical and financial assistance for small and medium-sized enterprises (SMEs) and on firms that did not, we estimate the effectiveness of such assistance in increasing the growth of employment in...

We develop a general equilibrium model to assess the quantitative impact of distorting institutions and policies related to the poor business environment in 30 sub-Saharan African countries. A subset of the distortions - namely, regulation, crime, corruption, and poor infrastructure - is modeled...