The digital economy, which was born during the late third technological revolution, has caused significant economic and societal changes. Amid sluggish global economic growth, China's economy is facing upgrades and transformations. The sample selection for this study was conducted from 2013 to...

Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...

As an intermediary improves trust between two sides of its market to facilitate matching and transactions, it faces an increased risk of disintermediation: with sufficient trust, the two sides may circumvent the intermediary to avoid the intermediary's fees. We investigate the relationship...