Emerging countries, also known as developing markets are important drivers for domestic growth and global exchange. Emerging countries are investing more in productive capacities. This means that they strive to move away from their traditional economies like agriculture and export of raw...

Small and medium-sized enterprises (SMEs) play an important role in the development of the economy and contribute significantly to ensure sustainability, economic growth and wealth of nation. A strong and well-developed SME sector contributes significantly to innovation, exports and the creation...

We study capital controls on outflows (CCOs) in situations of macroeconomic and financial distress. We present novel empirical evidence indicating that CCO implementation is associated with crises and declines in GDP growth. We then develop a theoretical framework that is consistent with such...

This essay provides a review of two important recent books on economic growth: How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong. Each book is noteworthy for its erudition and breadth. I explore strengths and weaknesses of these books...

We investigate the long-run effects of government surveillance on civic capital and economic performance, studying the case of the Stasi in East Germany. Exploiting regional variation in the number of spies and administrative features of the system, we combine a border discontinuity design with...