Casual observation suggests that intra-national trade costs remain high in low- and middle-income countries. Precisely estimating them is crucial for guiding policies aimed at optimizing economic efficiency within a country's borders. This paper estimates intra-national trade costs for six low-...

This paper investigates the effects of real energy price shocks on the current account balances of 45 emerging market and developing economies using country-specific structural vector autoregression models. The empirical results suggest that a 1 percent increase in real oil prices results in up...

Using a unique longitudinal data set collected from primary school students in Pakistan, this paper documents four new facts about learning in low-income countries. First, children's test scores increase by 1.19 standard deviation between Grades 3 and 6. Second, going to school is associated...