This paper studies the determinants of women's welfare outcome in microcredit programs. These determinants are in the form of different types of characteristics of women: their own characteristics (age, schooling etc) or the characteristics of the household or village they live in. Observed...

This study examines the regional divide for Mexican manufacturing. Mexico's north-south disparity is widely noted, but rarely analyzed empirically and at detailed regional level. We use a panel of municipality-level data to estimate regional production functions. An important contribution is the...

We investigate the determinants of rosca participation in Bolivia by using a sample of 5,746 households. Evidence shows that in Bolivia rosca is a consumption driven phenomenon. The probability of participating in roscas increases parallel to households' income. Middle-income families with more...

The fiscal performance of many sub-Saharan African countries has been quite dismal over the past, with a number of them accumulating huge deficits. This paper examines fiscal sustainability in the West African Monetary Zone (WAMZ). It departs from the standard model of fiscal sustainability and...

The paper is the first to derive and analyse theoretically the equilibrium properties of 'revenue neutral auctions', in the context of tradable pollution rights. By 'revenue neutrality' we mean that the objective of the agency distributing the rights is not to maximize earnings from the auction...

In this paper, we use the nationally representative Indonesian Family Life Survey dataset (IFLS-3), to examine if access to loans from informal networks such as family and friends influences borrowing behavior in formal credit markets. Our empirical results show that there is a gender dimension...

In this study, we argue that institutional rigidities contribute to the inflation rates in Bangladesh. Using annual data covering the period 1982-2005 and incorporating three new measures of institutional rigidities, we estimate an inflation model by ARDL and OLS techniques. The results do...

This paper examines that the impact of firm-specific characteristic on firm capital structure in Chinese-listed companies and attempts to solve a few puzzles existing in previous related studies. The key factors include state ownership, institutional ownership, and the risk of default. From the...