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Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean S.; Osei, Robert; Osei-Akoto, Isaac; Udry, … - C.E.P.R. Discussion Papers - 2012

leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …

Persistent link: https://www.econbiz.de/10011083318

Self-Selection into Credit Markets: Evidence from Agriculture in Mali

Beaman, Lori; Karlan, Dean S.; Thuysbaert, Bram; Udry, … - C.E.P.R. Discussion Papers - 2014

, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a … grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal … returns to investment self-select into lending programs. …

Persistent link: https://www.econbiz.de/10011083397

Profitability of fertilizer: Experimental evidence from female rice farmers in Mali

Beaman, Lori; Karlan, Dean S.; Thuysbaert, Bram; Udry, … - C.E.P.R. Discussion Papers - 2013

In an experiment providing fertilizer grants to women rice farmers in Mali, we found that women who received fertilizer increased both the quantity of fertilizer they used on their plots and complementary inputs such as herbicides and hired labor. This highlights that farmers respond to an...

Persistent link: https://www.econbiz.de/10011083496

The Regulation of Land Markets: Evidence from Tenancy Reform in India

Besley, Timothy J.; Leight, Jessica; Pande, Rohini; … - C.E.P.R. Discussion Papers - 2012

While the regulation of tenancy arrangements is widespread in the developing world, evidence on how such regulation influences the long-run allocation of land and labor remains limited. To provide such evidence, this paper exploits quasi-random assignment of linguistically similar areas to...

Persistent link: https://www.econbiz.de/10011084658

Misallocation, Property Rights, and Access to Finance: Evidence from Within and Across Africa

Kalemli-Ozcan, Sebnem; Sørensen, Bent E - C.E.P.R. Discussion Papers - 2014

We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First, we compare the extent of misallocation among firms within countries. We document high variation in firms' marginal product of capital (MPK), implying that countries could produce...

Persistent link: https://www.econbiz.de/10011083514

Coal and the European Industrial Revolution

Fernihough, Alan; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2014

We examine the importance of geographical proximity to coal as a factor underpinning comparative European economic development during the Industrial Revolution. Our analysis exploits geographical variation in city and coalfield locations, alongside temporal variation in the availability of...

Persistent link: https://www.econbiz.de/10011083731

External Integration, Structural Transformation and Economic Development: Evidence from Argentina 1870-1914

Fajgelbaum, Pablo; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2014

This paper uses the natural experiment of Argentina's integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...

Persistent link: https://www.econbiz.de/10011083840

Cultural Assimilation, Cultural Diffusion and the Origin of the Wealth of Nations

Ashraf, Quamrul; Galor, Oded - C.E.P.R. Discussion Papers - 2007

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...

Persistent link: https://www.econbiz.de/10005123872

The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico

Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2012

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

Persistent link: https://www.econbiz.de/10011083751

Weather and Infant Mortality in Africa

Kudamatsu, Masayuki; Persson, Torsten; Strömberg, David - C.E.P.R. Discussion Papers - 2012

We estimate how random weather fluctuations affected infant mortality across 28 African countries in the past, combining high-resolution data from retrospective fertility surveys (DHS) and climate-model reanalysis (ERA-40). We find that infants were much more likely to die when exposed in utero...

Persistent link: https://www.econbiz.de/10011083660