Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
61
result(s) for
"1997-2010"
Sort by:
This Mine is Mine! How Minerals Fuel Conflicts in Africa
We combine georeferenced data on mining extraction of 14 minerals with information on conflict events at spatial resolution of 0.5° × 0.5° for all of Africa between 1997 and 2010. Exploiting exogenous variations in world prices, we find a positive impact of mining on conflict at the local level. Quantitatively, our estimates suggest that the historical rise in mineral prices (commodity super-cycle) might explain up to one-fourth of the average level of violence across African countries over the period. We then document how a fighting group's control of a mining area contributes to escalation from local to global violence. Finally, we analyze the impact of corporate practices and transparency initiatives in the mining industry.
Journal Article
Conditional cash transfers
Conditional cash transfer (CCT) programs innovate by conditioning transfers to poor families on investments in the human capital of children and other family members. The Mexican CCT program Progresa/Oportunidades began in 1997 and has served as a model for many of the now over sixty countries with CCTs around the world, in large part due to its initial evaluation with an experimental design and numerous follow-up studies. This article reviews the literature on the development, evaluation, and findings of Progresa/Oportunidades, summarizing what is known about program effects, taking into account corrections for multiple-hypothesis testing.
Journal Article
Do Credit Market Shocks Affect the Real Economy? Quasi-experimental Evidence from the Great Recession and “Normal” Economic Times
Using comprehensive data on bank lending and establishment-level outcomes from 1997–2010, this paper finds that small business lending is an unimportant determinant of small business and overall economic activity. A shift-share style research design is implemented to predict county-level lending shocks using variation in preexisting bank market shares and bank supply shifts. Counties with negative predicted lending shocks experienced declines in small business loan originations, indicating that it is costly to switch lenders. However, small business loan originations have an economically insignificant and generally statistically insignificant impact on both small firm and overall employment during the Great Recession and normal times.
Journal Article
Do Firms Engage in Risk-Shifting? Empirical Evidence
I empirically test whether firms engage in risk-shifting. Contrary to what risk-shifting theory predicts, I find that firms reduce investment risk when they approach financial distress. To identify the effect of distress on risk-taking, I use a natural experiment with exogenous changes to leverage. Risk reduction is most prevalent among firms that have shorter maturity debt, bank debt, and tighter bank loan financial covenants. These findings suggest that debt composition and financial covenants serve as important mechanisms to mitigate debt-equity agency conflicts, such as risk-shifting, that are not explicitly contracted on.
Journal Article
SOEs and Soft Incentive Constraints in State Bank Lending
We study how Chinese state bank managers’ lending incentives impact lending to state-owned enterprises (SOEs). We show lending quantity increases and quality decreases at month’s end, indicating monthly lending targets that decrease lending standards. Increased quantity comes from both SOEs and private lending, whereas decreased quality is from only SOEs, which continue to receive loans even after prior defaults (particularly at month’s end). We suggest that SOE lending may thus be beneficial for state bank managers, who lend to delinquent state enterprises to meet targets, which in turn may exacerbate SOEs’ soft budget constraints.
Journal Article
The Effects of Aggregate and Gender-Specific Labor Demand Shocks on Child Health
We estimate the relationship between local labor market opportunities and child health using state unemployment rates and demand-induced changes in mothers’ and fathers’ employment opportunities. In contrast with studies of adult health, we find little evidence that aggregate economic conditions are correlated contemporaneously with children’s health. However, we find important patterns by gender. In particular, improvements in women’s employment opportunities are consistently associated with worse child health, while better labor market conditions for men have positive effects. These patterns suggest that both family income and maternal time are important inputs to child health.
Journal Article
Does Early Life Exposure to Cigarette Smoke Permanently Harm Childhood Welfare? Evidence from Cigarette Tax Hikes
Evidence suggests that excise taxes on tobacco improve fetal health. However, it remains unknown if smoke exposure in early life causes lasting harm to children. I find that in utero exposure to a dollar increase in the state cigarette tax causes a 10 percent decrease in sick days from school and a 4.7 percent decrease in having two or more doctor visits. I present additional evidence for decreases in hospitalizations and asthma. This supports the hypothesis that exposure to cigarette smoke in utero and infancy carries significant medium-term costs, and that excise taxes can lead to lasting intergenerational improvements in well-being.
Journal Article
TAKE WHAT YOU CAN: PROPERTY RIGHTS, CONTESTABILITY AND CONFLICT
Weak property rights are strongly associated with underdevelopment, low state capacity and civil conflict. In economic models of conflict, outbreaks of violence require a prize that is both valuable and contestable. This article exploits spatial and temporal variation in the availability of land with title that is contestable by private actors to explore the relationship between (in) secure property rights and civil conflict in the Brazilian Amazon. The results suggest that resolving this contestability of title at the local level could eliminate substantively all local land-related violence but might increase conflict in areas where title remained contestable.
Journal Article