Journal Article
The economics of counterinsurgency
Present in India since the 1960s, the Naxalite insurgency has steadily spread across the country. Counterinsurgency measures lagged behind and did not follow any systematic process till the early 2000s with the exception of Andhra Pradesh, which in...
Working Paper
The effects of land titling in Tanzania
We use household survey data to investigate the effects of formal, private property rights to agricultural land on agricultural investment, land valuation and access to credit in Tanzania. Results show that while there are no detectable effects of...
Working Paper
State-dependent fiscal multipliers and financial dynamics
The aim of this paper is to assess South Africa’s fiscal multiplier across different states of the economy, with a focus on the financial accelerator mechanism of fiscal policy shocks, by estimating impulse response functions from both linear and non...
Journal Article
The Forgotten Property Rights
Studies of land property rights usually focus on tenure security and transfer rights. Rights to determine how to use the land are regularly ignored. However, user rights are often limited. Relying on a unique Vietnamese panel data set at both...
Working Paper
Economic and non-economic returns to Communist Party membership in Vietnam
Single-party political systems exist in a number of countries, such as China and Vietnam. In these countries, party membership is potentially an important source of economic and social status. This paper investigates these effects and the mechanisms...
Working Paper
Putting the financial system to work for the poor and SMEs
The financial inclusion effort achieved positive results, with the number of Mozambicans having access to banking services increasing considerably, particularly after 2011–12. However, the economic and social impact was limited, considering that farm...
Blog
Job Creation and the Business Cycle in Brazil
by
Túlio Cravo
March 2015
What type of business destroys proportionately more jobs during times of economic recessions and hires more in booms? This simple question motivates...
Blog
Corruption, Poverty Traps, and Credit Market Imperfection
by
Indranil Dutta, Ajit Mishra
2006
by Indranil Dutta and Ajit Mishra In many developing countries corruption is pervasive and is often cited in policy discussions as a major stumbling...
Working Paper
The Finnish Developmental State and its Growth Regime
This paper reviews Finland’s growth strategy in the postwar decades. Finland was able to initiate an impressive mobilization of resources during this period, reflected mostly in a high rate of capital accumulation for manufacturing industries. This...
Working Paper
Vulnerability, Trust and Microcredit
This paper investigates the economic conditions of rural households in China. Historical survey data indicate that over 80 per cent of rural households earn less than 4,500 yuan in net disposable income each year, that for the vast majority of rural...
Working Paper
Financial Sector Development - Futile or Fruitful? An Examination of the Determinants of Savings in Sri Lanka
Using dynamic econometric techniques the paper investigates the determinants of private saving in Sri Lanka with a primary focus on the role of financial sector development. Empirical evidence is obtained indicating the existence of the Ricardian...
Working Paper
Insolvency and Debt Recovery Procedures in Economic Development
Insolvency and debt recovery procedures are as crucial to a well-performing financial sector as credit provision itself. They are even more important in Africa, where attempts are underway to create fully-fledged financial markets. For the financial...
Working Paper
Finance and Growth
This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between...