Several studies have documented a negative relationship between democracy and volatility. The latter is usually measured at high frequency - as the standard deviation of annual GDP growth rates. On the other hand, growth researchers have recently focused on the medium term and documented...

In this paper we argue that in 19th century U.S, households and firms that were located in cities with banks enjoyed a higher level of both consumption and production amenities than those who were located in cities without banks. We use data on banks location and city population growth in the...

Gender inequality is a pervasive feature in many developing countries. The gaps between male and female outcomes and opportunities are present in several dimensions: education, earnings, occupation, access to formal employment, access to managerial positions, access to productive inputs,...

In this paper we argue that in 19th century U.S, households and firms that were located in cities with banks enjoyed a higher level of both consumption and production amenities than those who were located in cities without banks. We use data on banks location and city population growth in the...