The reallocation of resources from low- to high-productivity firms can generate large aggregate productivity gains. The paper uses data from the Malaysian manufacturing census to measure the country's hypothetical productivity gains when moving toward the level of within-sector allocative...

Very few studies currently exist on the long-term impacts of schooling policies in developing countries. This paper examines the impacts-half a century later-of a mass education program conducted by the Democratic Republic of Vietnam in the occupied areas during the First Indochina War....

This paper examines the impacts of U.S.-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of "trade war" escalation translated into 50 to 60 percent of the total declines in two major Chinese stock...

Very few studies currently exist on the long-term impacts of schooling policies in developing countries. We examine the impacts-half a century later-of a mass education program conducted by the Democratic Republic of Vietnam in the occupied areas during the First Indochina War....

This paper examines within-sector resource misallocation in three Southeast Asian countries - Indonesia, Malaysia, and Vietnam. The methodology accounts for measurement error in revenues and costs. The firm-level evidence suggests that measurement error is substantial, resulting in an...