Emran, M. Shahe; Shilpi, Forhad - Institute for International Economic Policy (IIEP), …
This paper provides empirical evidence of an U-shaped relationship between the extent of the market (size of the relevant urban market) and the pattern of crop specialization in a village economy. We use the recent two-stage estimator developed by Lewbel (2007) and exploit heteroskedasticity for...