The increasing popularity of marijuana has led to a recent public debate in the U.S. over its legal status. An open question remains about how the price of marijuana will change if it becomes legal. We assemble a unique dataset of marijuana prices to measure the effect of legalization. We use a...

This paper uses monthly hotel occupancy data to examine the effect of marijuana legalization on tourism in Colorado and Washington. The results indicate a large increase in hotel rooms rented in Colorado, with a considerably smaller effect for Washington. The effects are larger in both states...

Analysis of Chinese aid programs in Africa shows repeated patterns from the Japanese aid programs in China that occurred decades prior. Chinese aid in Africa has two main similarities with the strategic goals of the Japanese aid program: mutual economic benefit and political influence