This study employs a recent national survey of over 1100 British financial firms to ascertain the determinants of financial innovation and their sales success using Logit and generalised Tobit models. We find the likelihood of financial innovation rises with the size of financial firms, employee...

This paper uses a dynamic macro-micro framework to evaluate the potential distributional effects of the expansion of the Panama Canal. The results show that large macroeconomic effects are only likely during the operations phase (2014 and onwards), and income gains are likely to be concentrated...

This article uses a sample of 72 developing countries to estimate the change in the cost of alleviating urban poverty brought about by the recent increase in food prices. This cost is approximated by the change in the poverty deficit (PD), that is, the variation in financial resources required...

Although Mexico had a significant increase in years of schooling in the last 20 years, the quality of its education system —an important determinant of long term growth— is far from being satisfactory. Using the results from the first standardized test in upper middle school (ENLACE MS), the...

A newly created dataset including 239 decisions made by the Mexican Federal Competition Commission on horizontal mergers between 1997 and 2001 is used to estimate the different factors affecting the Commission’s resolution. The paper approximates the decision making process using two different...

This report is on the findings of a major international research project examining the links between trade, gender, and poverty. Trade liberalization can create economic opportunities, but women and men cannot take advantage of these opportunities on an equal basis. Women and men differ in their...

This paper identifies and estimates the reduction in poverty attributable to the improved opportunities that international trade integration offered to women in Honduras. The expansion of the export-oriented <italic>maquila</italic> sector has brought gender equality both in terms of employment and labour...