The empirical literature on the economics of happiness has grown rapidly, and much has been learned about the determinants of subjective well-being.  Less attention has been paid to its normative implications.  Taking China as a case study, this paper first summarises empirical results on the...

Little is known about the extent and forces of urban path dependence in developing countries.  Railroad construction in colonial Kenya provides a natural experiment to study the emergence and persistence of this spatial equilibrium.  Using new data at a fine spatial level over one century...

What is the relationship between entrepreneurial saving practices and reinvestment?  We develop a model of entrepreneurial finance and show that entrepreneurial reinvestment decisions depend on the efficiency of saving practices.  Utilizing a novel micro & small enterprise survey from Tanzania...

This paper answers two questions: "What impact have natural resources had on the spread of the HIV/AIDS epidemic so far?" and "What role can natural resource rents play in order to finance the long-run response to HIV/AIDS?"  Using a panel dataset, de Soysa and Gizelis (2013) provided evidence...

Height is the result of a complex process of growth that begins at birth and reaches the end in early adulthood.  This paper studies the determinants of height from birth to maturity.  A height production function is specified whose structure allows height to be the result of the accumulation...

Poor people often do not make investments, even when returns are high.  One possible explanation is that they have low aspirations and form mental models which ignore some options for investment.  This paper reports on findings of an innovative experiment to test this in rural Ethiopia. ...

Using global data we examine the dynamics of migration from developing to developed countries.  Origin and destination countries are characterized by substantial diffrences in incomes, political rights and cultures.  Incentives as well as costs shape the decision to migrate.  One powerful...

We study the origins of adult mental health using early life income fluctuations.  Combining a time series of real producer prices of cocoa with a nationally representative household survey in Ghana, we show that a one standard deviation rise in the cocoa price in early life decreases the...

With serious impacts of climate change looming in a few decades, but currrent poverty still high in the developing word, we ask how to spend development aid earmarked for the poor.  Poverty reduction tends to be strongly linked to economic growth, but growth impacts the environment and...

Agriculture is the largest sector in most sub-Saharan economies in terms of employment, and it plays an important role in supplying food and export earnings.  Rural poverty rates remain high, and labor productivity is strikingly low.  This paper asks how these factors shape the role of...