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作者：Wydick, Bruce; Glewwe, Paul; Rutledge, Laine
作者单位：University of San Francisco; University of Minnesota System; University of Minnesota Twin Cities; University of Washington; University of Washington Seattle
摘要：Child sponsorship is a leading form of direct aid from wealthy country households to children in developing countries. Over 9 million children are supported through international sponsorship organizations. Using data from six countries, we estimate impacts on several outcomes from sponsorship through Compassion International, a leading child sponsorship organization. To identify programeffects, we utilize an age-eligibility rule implemented when programs began in new villages. We find large, s...
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作者：Ramondo, Natalia; Rodriguez-Clare, Andres
作者单位：Arizona State University; Arizona State University-Tempe; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: trade and MP are competing ways to serve a foreign market, MP relies on imports of intermediate goods from the home country, and foreign affiliates of multinationals can export part of their output. The calibrated model implies that the gains from trade can be twice as high as the gains calculated in trad...
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作者：Buera, Francisco J.; Shin, Yongseok
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; Washington University (WUSTL); Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要：We quantitatively analyze the role of financial frictions and resource misallocation in explaining development dynamics. Our model economy with financial frictions converges to the new steady state slowly after a reform triggers efficient reallocation of resources; the transition speed is half that of the conventional neoclassical model. Furthermore, in the model economy, investment rates and total factor productivity are initially low and increase over time. We present data from the so-called...
