Poverty level remains high (36.7%) in agricultural areas in the Philippines. The second poorest province in the Philippines is Agusan del Sur with incidence reaching as high as 51.2%. One of the approaches to alleviate poverty is to provide access to capital through microfinance. This study...

A growing number of American states require that students who do not demonstrate basic reading proficiency at the end of third grade be retained and provided with remedial services. We exploit a discontinuity in the probability of third grade retention under Floridaś test-based promotion policy...

We study dynamic panel data models where the long run outcome for a particular cross-section is affected by a weighted average of the outcomes in the other cross-sections. We show that imposing such a structure implies several cointegrating relationships that are nonlinear in the coefficients to...