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WORKING PAPERS
April 15, 2024
Adaptation is not a universal response to climate shocks, and while a lot of studies are geared towards building adaptive capacity of households, particularly in developing country settings, more recognition should be given to cultural and religious factors that may significantly mitigate responses.
WORKING PAPERS
April 04, 2024
Star firms, defined as the top 10 percentile of firms in the world in terms of return on invested capital, are more likely to occur in high-income countries and manufacturing industry, but there is an increasing share of star firms from middle-income countries and the services sector. Star firms hav...
Blog Post
April 04, 2024
A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to “star firms,” a small set of firms that generate abnormal returns for their investors. A common concern is that these firms exert excess market power and behave as...
Blog Post
December 06, 2023
Men are the majority customers in bank lending portfolios throughout the world. The gender gap in access to credit is larger in developing countries and especially onerous for women entrepreneurs who suffered disproportionate employment and income losses during the recent COVID pandemic. What drives...
Blog Post
December 04, 2023
Food insecurity is again a major topic of global concern. Decades of progress are under threat from the effects of climate change on agriculture along with supply chain dislocations linked to the pandemic and Russia’s invasion of Ukraine. An estimated 333 million people worldwide are now experiencin...