Agriculture contributes the most to the economy and provides agro-ecological benefits in the environmentally unsustainable Aral Sea region, but its productivity is steadily dropping. To improve the resilience of farming communities in the region, crop diversification is proposed to enable...

Using local natural disasters as a quasi-experimental setting, we show that heightened distress risk in shocked firms drives both these firms and their unshocked competitors to cut profit margins by about 0.8 percentage points. These reductions stem from predatory pricing, inventory liquidation,...

The paper focuses on the effects of fiscal policy on the industry-specific profit margin of a sector of an economy. This is a deviation from the existing literature, which focuses mainly on the effects of fiscal policy on the profit margin of the economy as a whole. In this work the price cost...