Many investments in infrastructure are built on the belief that they will ineluctably lead to poverty reduction and income generation. This has entailed massive aid-financed projects in roads in developing countries. However, the lack of robust evaluations and a comprehensive theoretical...

This paper proposes that, to increase the efficiency of public spending in oil-rich economies, some or all of the oil revenues be transferred to citizens, and fiscal instruments such as taxation be used to finance public expenditures. The authors develop the case as follows. First, they confirm...

Based on quantitative and qualitative data, this paper attempts to identify the main reasons why cargo dwell time in Durban port has dramatically reduced in the past decade to a current average of 3-4 days. A major customs reform; changes in port storage tariffs coupled with strict enforcement;...

"The pallet is a platform used for storing, handling, and transporting products. There are hundreds of different pallet sizes around the world. Raballand and Aldaz-Carroll examine the case of pallets to illustrate the impact of multiplicity of standards on trade costs. They select this case...