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作者：Debaere, Peter; Lee, Hongshik; Lee, Joonhyung
作者单位：University of Virginia; Korea University; University of Memphis
摘要：We study the significant variation in intrafirm versus arm's-length trade with micro data. Exploiting the fact that Korean is an uncommon second language and that Korean culture is relatively homogenous, we show how intrafirrn sourcing by South Korean affiliates abroad increases with their share of South Korean employees. This positive association is pervasive and nontrivial. Parsing the data more carefully, we find that South Korean employees are primarily high skilled, and that their presenc...
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作者：Mizala, Alejandra; Urquiola, Miguel
作者单位：Universidad de Chile; Columbia University; National Bureau of Economic Research
摘要：The impact of competition on school performance is likely to depend on whether parents are informed about schools' effectiveness or value added (which may or may not be correlated with absolute measures of their quality), and on whether this information influences their school choices, thereby affecting schools' market outcomes. This paper explores this by considering Chile's SNED program, which seeks to identify effective schools, selecting them from homogeneous groups of comparable instituti...
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作者：Knack, Stephen
作者单位：The World Bank
摘要：The 2005 Paris Declaration on Aid Effectiveness sets targets for increased use by donors of recipient country systems for managing aid. The target is premised on a view that country systems are strengthened when donors trust recipients to manage aid funds, but undermined when donors manage aid through their own separate parallel systems. This study provides an analytical framework for understanding donors' decisions to trust or bypass country systems. Empirical tests are conducted using data f...
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作者：Schroeder, Marcel
作者单位：Australian National University
摘要：The Washington Consensus emphasizes the economic costs of real exchange rate distortions. However, a sizable recent empirical literature finds that undervalued real exchange rates help countries to achieve faster economic growth. This paper shows that recent findings are driven by inappropriate homogeneity assumptions on cross-country long-run real exchange rate behavior and/or growth regression misspecification. When these problems are redressed, the empirical results for a sample of 63 devel...
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作者：Farre, Lidia; Fasani, Francesco
作者单位：Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); Barcelona School of Economics
摘要：This paper investigates the impact of television on internal migration in Indonesia. We exploit the differential introduction of private television throughout the country and the variation in signal reception due to topography to estimate the causal effect of media exposure. Our estimates reveal important long and short run effects. An increase of one standard deviation in the number of private TV channels received in the area of residence as an adolescent reduces future inter-provincial migra...
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作者：Belhaj, Mohamed; Deroian, Frederic
作者单位：Centre National de la Recherche Scientifique (CNRS)
摘要：We examine the impact of informal risk sharing on risk taking incentives when transfers are organized through a social network. A bilateral partial sharing rule satisfies that neighbors share equally a part of their revenue. In such a society, correlated technologies generate interdependent risk levels. We obtain three findings. First, there is a unique and interior Nash-equilibrium risk profile, and it is in general differentiated and related to the Bonacich measure of the risk sharing networ...
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作者：Aldashev, Gani; Chaara, Imane; Platteau, Jean-Philippe; Wahhaj, Zaki
作者单位：University of Namur; University of Oxford; University of Namur
摘要：The custom often acts as a powerful hindrance to equity-increasing changes. In this paper, we present a simple model of legal dualism in which a progressive legal reform can, under certain conditions, shift the conflicting custom in the direction intended by the legislator. Formal law then acts as an outside anchor that exerts a 'magnet effect' on the custom. We also characterize the conditions under which a moderate reform performs better than a radical one in improving the welfare of the dis...
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作者：Jarreau, Joachim; Poncet, Sandra
作者单位：Paris School of Economics; heSam Universite; Universite Pantheon-Sorbonne
摘要：We consider the effect of export sophistication on economic performance by appealing to regional variation within one single country (China) over the 1997-2009 period. We find evidence in support of Hausmann, Hwang and Rodrik (2007), in that regions specializing in more sophisticated goods subsequently grow faster. We find substantial variation in export sophistication at the province and prefecture level, controlling for the level of development, and that this sophistication in turn drives gr...
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作者：Godlonton, Susan; Thornton, Rebecca
作者单位：University of Michigan System; University of Michigan
摘要：How do neighbors positively or negatively influence individuals living in rural Malawi to learn their HIV results? Using data of location of homes and distance to neighbors, we measure the social network effects of neighbors' learning their HIV results on individuals own learning. Using the fact that neighbors were randomly offered monetary incentives of varying amounts to learn their HIV results, we find positive effects of neighbors attending clinics on others living nearby: a 10 percentage ...
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作者：Boyd, John H.; Jalal, Abu M.
作者单位：Suffolk University; University of Minnesota System; University of Minnesota Twin Cities
摘要：This study presents a new measure of financial development that is directly derived from theory. Our measure, the Marginal Utilization of Debt (hereafter, MUD) comes from the seminal work of Myers (1984), Myers and Majluf (1984) and Shyam-Sunder and Myers (1999). Further, it is directly related to the development facts of Gurley and Shaw (1955). MUD is a global measure that reflects conditions in both debt and equity markets. It varies enormously across nations; from 0.23 in Australia at one e...
