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作者：Ibanez, Marcela; Carlsson, Fredrik
作者单位：University of Gottingen; University of Gothenburg
摘要：From 1997 to 2005, an astonishing 5200 million USD was invested to reduce cocaine production in Colombia, the world's main cocaine producer. However, little is known about the effectiveness of policies targeting coca cultivation. This paper uses a survey-based experiment to evaluate the effects of the two main policies: eradication and alternative development programs. Our results support Becker's (1968) model of crime participation and in addition shed light on other non-monetary factors that...
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作者：Bordo, Michael D.; Cavallo, Alberto F.; Meissner, Christopher M.
作者单位：University of California System; University of California Davis; Rutgers University System; Rutgers University New Brunswick; Harvard University; National Bureau of Economic Research
摘要：We study the determinants and output effects of Sudden stops in capital inflows during an era of intensified globalization from 1880 to 1913. Higher levels of exposure to foreign currency debt and large current account deficits associated with reliance on foreign capital greatly increased the likelihood of experiencing a sudden stop. Trade openness and strong reserve positions had the opposite effect. Sudden stops accompanied by financial crises are associated with drops in output per capita b...
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作者：Gasmi, Farid; Virto, Laura Recuero
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：This paper has two related objectives. First, it seeks to identify the key determinants of some policies that have been at the heart of the reforms of the telecommunications industry in developing countries, namely, liberalization, privatization, and the (re)structuring of regulation. Second, it attempts to estimate the extent to which these policies have translated into actual deployment of telecommunications infrastructure. This simultaneous investigation is conducted by means of an economet...
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作者：Karabay, Bilgehan
作者单位：University of Auckland
摘要：This paper examines host governments' motivation for restricting ownership shares of multinational firms (MNFs) in foreign direct investment (FDI) projects. An MNF with a productivity advantage is willing to invest in a host country. The host government wants to capture the MNF's surplus yet cannot observe it due to the MNF's private information about its firm-specific advantage. In contrast, a joint venture (JV) partner might observe this surplus depending on its ownership share. The host gov...
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作者：Buffie, Edward F.; O'Connell, Stephen A.; Adam, Christopher
作者单位：Indiana University System; Indiana University Bloomington; Swarthmore College; University of Oxford
摘要：Donors cannot pre-commit to support scaled-up public spending programs on a continuing basis, nor can governments credibly commit to curtail expenditure rapidly in the event that aid revenues contract. An aid boom may therefore be accompanied by a credibility problem. When this is the case, the absorb-and-spend strategy recommended by the IMF leads to capital flight, higher inflation, and large current account surpluses inclusive of aid. The right policy package combines a critical minimum deg...
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作者：Martincus, Christian Volpe; Carballo, Jeronimo
作者单位：Inter-American Development Bank
摘要：Do all exporters benefit the same from export promotion programs? Surprisingly, no matter how obvious this question may a priori be when thinking of the effectiveness of these programs, there is virtually no empirical evidence on how they affect export performance in different parts of the distribution of export outcomes. This paper aims at filling this gap in the literature. We assess the distributional impacts of trade promotion activities performing efficient semiparametric quantile treatme...
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作者：Bleakley, Hoyt; Cowan, Kevin
作者单位：University of Chicago
摘要：Substantial attention has been paid in recent years to the risk of maturity mismatch in emerging markets. Although this risk is microeconomic in nature, the evidence advanced thus far has taken the form of macro correlations. We evaluate this mechanism empirically at the micro level by using a database of over 3000 publicly listed firms from fifteen emerging markets. We measure the risk of maturity mismatch by estimating, at the firm level, the effect on investment of the interaction of short-...
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作者：Afridi, Farzana
作者单位：Syracuse University
摘要：Utilizing the data I collected on a nationally mandated school meal program in India, I examine the extent to which children benefit from the targeted public transfer. Relying upon built-in randomness in whether a child's 24-hour food consumption recall was for a school or non-school day, I find that the daily nutrient intake of program participants increased substantially by 49% to 100% of the transfers. The results are robust to the potential endogeneity of program placement and individual p...
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作者：Kingdon, Geeta; Teal, Francis
作者单位：University of London; University College London; UCL Institute of Education; University of Oxford
摘要：This paper examines the relationship between teacher unionization, student achievement and teachers' pay using a cross-section of data from private schools in India. We use differences in student mark across subjects to identify within-pupil variation in achievement and find that union membership of the teacher is associated with reduced pupil achievement. We find no evidence this could be due to the unobservables not controlled for by this procedure. A school fixed effects equation of teacher...
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作者：Perroni, Carlo; Proto, Eugenio
作者单位：University of Warwick
摘要：We describe a two-sector, general-equilibrium model of productive sorting under output risk and incomplete information. Risk-neutral (entrepreneurial) individuals can either produce alone, or - acting as employers/insurers - team up with risk-averse (non-entrepreneurial) individuals. Although the latter option has the potential to generate more surplus, when effort is unobservable and risk is high, the moral hazard problem in mixed matches may be too severe for mixing to be attractive to both ...
