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

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

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

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...

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

We investigate the export-enhancing effect of foreign workers at the firm level. We first develop a theoretical framework of heterogeneous firms, assuming that foreign workers allow for productivity gains and convey valuable information on foreign...

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

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 paper examines whether corruption acts to “grease” or “sand” firms' exit. Corruption could facilitate exit when it is a tax that distorts markets, or it might retard exit when it empowers firms to obtain undue favors. Results, using panel data...

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...