We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warnin

Adding to the research on the corruption and gender nexus, this paper contributes by several dimensions, including: (a) measurement of corruption across corruption perceptions and corruption experiences; (b) focusing on entrepreneurship level by...

We study the impact of debtor distress on support for a populist far-right political party during a financial crisis. Our empirical approach exploits va

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...

This research contributes to the literature on entrepreneurship by studying whether design patents and utility patents have similar effects on entrepreneurial activity. Other contributions of this research include comparing the relative influences on...

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...

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitati

China’s policy of encouraging export processing has been the topic of much discussion in the academic literature and policy debate. We use a recently developed econometric approach that allows for time varying “treatments” and estimate economically...

A growing literature in economics studies ethical behavior and honesty, as it is imperative for functioning societies in a world of incomplete information and contracts. A majority of studies finds more pronounced dishonesty among teams compared to...

We argue that overconfidence wrongly inflates the expected returns to a risky income-generating activity. Overconfidence thus increase the willingness to take risks. We test this prediction using a sample of small-holder farmers from Ethiopia who...