In this paper we aim at studying to what extent spillovers between firms may foster economic growth. The attention is addressed to the spillovers connected with the R&D activity that improves the quality of the goods firms supply. Our model develops a growth theory framework and we assume that...

An important question to microfinance is the relevance of existing social capital in target communities to the performance of group lending. This research presents evidence from field experiments in South Africa and Armenia, in which subjects participate in trust games and a microfinance game....

Recent studies have reported surprising increases in pro-social behavior following exposure to conflict. However, our research provides cautionary evidence of some important detrimental effects of conflict hidden within an overall trend toward increasing certain pro-social preferences. We draw...

Our research provides experimental and survey evidence on the pro-social behavior (trust, reciprocity, a sense of fairness) and preferences for anonymous market transactions of former combatants. Our results, from a random sample in post-war Tajikistan, show that trust, reciprocity, generosity...

Recent studies have reported surprising increases in pro-social behavior following exposure to conflict. However, our research provides cautionary evidence of some important detrimental effects of conflict hidden within an overall trend toward increasing certain pro-social preferences. We draw...