European Union policies effectively prohibit the production and consumption of genetically modified agricultural products. This paper examines the prohibition's effects on research and development, innovation, trade flows, and economic growth using a Heckscher-Ohlin-Samuelson trade model with a...

This paper examines the medium-term effects of policy- driven income shocks on human capital accumulation in low-income environments. Using administrative data on test scores of the universe of primary school students in Rwanda and the staggered rollout of coffee mills in the country, it shows a...

Tobin’s Q-theory of investment has been linked to firm merger activity by Jovanovic and Rousseau. They showed that firms with higher Q-values, that is the ratio of market to book values, tend to be the ones buying other firms and not the ones being acquired. Market values should theoretically...