We establish a causal role for banking access in the spread of the Industrial Revolution over the period 1817–1881 by exploiting unique employment data from 10,528 parishes across England and Wales and a novel instrument. We estimate that a one...

This article investigates whether China’s foreign aid is particularly prone to capture by political leaders of aid-receiving countries. We examine whe

When modeling medium and long-term challenges we need a reference path of economic development (the so-called baseline). Because sectoral models often o

The costs and benfits of moving from a flexible exchange rate regime to a monetary union depend critically on the conduct of monetary policy. In particu

Using panel data for a large cross-country sample, we consider the influences of FDI inflows, inward development aid, and immigration on the informal sector. Both FDI and immigration increase the informal sector, with the effect of immigration being...

We investigate the relationship of the new wave of digitalization of occupations with entry into different types of entrepreneurship in the United States, including entry into digital entrepreneurship. Based on the Current Population Survey for...

Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even...

We use a double-calibrated general equilibrium model to decompose the growth of the high-skilled wage premium in the UK from 1979 to 2000 into a range o

The relationship between nutrient intake and wealth of poor households continues to be an issue of huge policy relevance. In this paper, we contribute to the ongoing debate on the nutrient-income elasticity using a sample of ultra-poor households...

This paper introduces a new dataset of official financing — including foreign aid and other forms of concessional and non-concessional state financing