In order to better understand why some nations are more innovative than others, this paper considers the influence of socio-historic dimensions of colonialism and income inequality. Using data from 72 nations over the years 1997–2018, we find that...

Over the past decade, Chinese state-owned banks have lent record amounts to developing countries as part of the so-called Belt and Road Initiative (BRI)

Economic zones can be powerful drivers of economic growth in developing countries. However, less is known about their distributional impact on the local society. This paper provides empirical evidence from Indonesian provinces on the relationship...

What preferences do people have for cross-country cooperation on irregular migration and refugee protection? While existing research improves our unders

We explore the export performance of Africa’s underperforming female entrepreneurs, using the Ghanaian ISSER-IGC panel, a comprehensive dataset of manufacturing firms for 2011–2015. Uniquely, the data provides information about the severity of key...

China has emerged as a lender of last resort for developing countries that are having difficulty repaying their Belt and Road Initiative (BRI) debts. According to a new study by researchers at AidData, the World Bank, the Harvard Kennedy School, and...

This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the first comprehe

This paper studies the impact of exogenous export demand shocks on firms’ dividend policy using firm specific real exchange rate variation as instrumental variable. IV exclusion restriction is plausibly satisfied because real exchange rate shocks...

We develop monthly refugee flow forecasting models for 150 origin countries to the EU27, using machine learning and high-dimensional data, including dig

KKB 99: The recovery of the global economy from the Covid crisis came to an end in 2022 amid high energy prices and great uncertainty.