We assess Africa's prospects for enjoying a demographic dividend. While fertility rates and dependency ratios in Africa remain high, they have started to decline. According to UN projections, they will fall further in the coming decades such that by the mid-21st century the ratio of the...

We assess Africa's prospects for enjoying a demographic dividend. While fertility rates and dependency ratios in Africa remain high, they have started to decline. According to UN projections, they will fall further in the coming decades such that by the mid-21st century the ratio of the...

Proponents of trade liberalization routinely defend international trade institutions as engines of economic growth that benefit everyone. How trade proponents justify trade institutions matters because their justificatory rhetoric leads to certain policy conclusions about whether it is...

This paper presents a spatial analysis of the regional dimensions of poverty and economic development across provinces of Iran. It offers one of the few estimations made in developing countries using this strand of New Economic Geography (NEG) models and provides a comparison of the results for...

This paper studies the effects of teenage motherhood on later educational and labor market achievement of the mothers. We construct a pseudo panel from the Brazilian Household Surveys (the 1992–2004 PNADs) and from the Health Ministry data (DATASUS 1981–1992) by state of birth and cohort. We...

This paper studies the effects of teenage motherhood on later educational and labor market achievement of the mothers. We construct a pseudo panel from the Brazilian Household Surveys (the 1992-2004 PNADs) and from the Health Ministry data (DATASUS 1981-1992) by state of birth and cohort. We...

The paper builds a two-country open economy model of incomplete exchange rate pass-through. The paper contributes to the existing literature in two ways. First, incomplete pass-through is the result of price discrimination, and not any assumption about price rigidities. The flexible-price model...

The paper builds a two-country open economy model of incomplete exchange rate pass-through. The paper contributes to the existing literature in two ways. First, incomplete pass-through is the result of price discrimination, and not any assumption about price rigidities. The flexible-price model...

The period between 2003-2005 illustrated a high growth in world trade. In this context, Brazil was able to revert its trade deficit, taking advantage of a considerable surplus. Nevertheless, this trade dynamism did not go hand in hand with national economic growth. This article makes an...

We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions lower the...