Attempts to explain the astonishing differences in agricultural productivity around the world typically focus on farm size, farmer risk aversion, and credit constraints, with an emphasis on how they might serve to limit technology adoption. This paper takes a different tack: can managerial...

In this paper, we analyze the spending decisions of over 1.5 million Americans who vary in their degree of revealed credit constraints. Specifically, we analyze how these Americans spend their income tax refunds, using transaction-level data from a stored-value card product. Card-holders may...

This paper integrates theories of political budget cycles with theories of tactical electoral redistribution to test for political capture in a novel way. Studying banks in India, I find that government-owned bank lending tracks the electoral cycle, with agricultural credit increasing by 5-10...

In 1980, India nationalized its large private banks. This induced different bank ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financial development, lending rates, and the quality of intermediation, as well as employment and...

This paper uses a large scale field experiment in India to study attitudinal, behavioral, and cognitive constraints that stymie the link between financial education and financial outcomes. The study complements financial education with (i) participant classroom motivation with pay for...

Financial literacy - the ability to make informed decisions regarding money - plays a critical role in ensuring both the well-being of households and the stability of the financial system. Consequently, numerous private institutions, non-profit organizations, and governments have responded by...

Getting the food and agriculture system moving faster is crucial for structural transformation and poverty reduction in Africa. This requires investing in basic productive and market infrastructure, and expanding appropriate research, knowledge, and technology for increased productivity at all...

Smallholder farmers in southern Africa face acute food insecurity because the productive capacity of their soils has declined. These resource-poor farmers increasingly cannot afford mineral fertilizers Farmers mentioned the lack of fertilizers for their depleted soils as the most important...

Food security remains a key challenge to the development efforts of most poor nations. This study investigated the significance of gender (denoted by number of male, female and children in a household) and social amenities in the food security equation. Frequency of food-related illnesses in a...

Sub Saharan African agriculture is currently facing challenges in international trade with respect to external market access conditions and competition in world markets as a result of trade liberalization efforts under the world trade organization (WTO) agreements and in particular the agreement...