Why do firms in LMICs under-use their productive resources (labor, machines, etc.) relative to rich countries?
@TilmanGraff presents evidence from Kenyan markets showing how small firms invest in production capacity despite inconsistent demand for their products/services. (1/2)
The utilization of labor and capital in Kenya is increasing in firm size, market access, and economic activity, from @mwwalkerecon, Nachiket Shah, @tedmiguel, @EggerDennis, @solimanfelix, and @TilmanGraff https://t.co/1b4F1EBYGJ
Super excited to release our new working paper on slack and economic development!
We measure, characterise, and think through macroeconomic implications of capacity underutilisation in Kenyan firms.
Feedback and suggestions welcome!
** New WP alert **
Slack and Economic Development, with @mwwalkerecon, @nachi_365, @tedmiguel, @soliman_felix, @TilmanGraff
We study the causes and macroeconomic consequences of slack in small firms.
https://t.co/UE4pkh7bg2
My paper on the causes and consequences of spatial inefficiencies in African trade networks is now published at the JDE! This was the first paper I ever wrote -- really happy to see it in print! 🙂
https://t.co/6ptjLtrE5y
How should urban public transport networks be designed? Evidence from Jakarta's public bus system expansion, and a quantitative framework for characterizing optimal networks, from @thetahat, @abgaduh, @TilmanGraff, @rema_nadeem, and @ben_olken https://t.co/BCZN8p6yN4
I somehow made it onto my favourite football podcast with some questionable penalty shootout game theory! Come for the mixed strategy Panenka equilibrium (starting around the 3min mark), stay for @stadio's brilliant coverage of the beautiful game!
My two cents FWIW: Having a field called "development economics" makes no sense. It is essentially all fields of economics related to the 84% of people in the world who don't live in high-income countries. It is good to see it gradually absorbed into the other fields of econ.
🚨 Important new paper just out in Science Advances: What were the effects of 2020 COVID lockdowns and disruptions on households in lower income countries?
(From 26 co-authors on 3 continents!)
Summary/brief: https://t.co/pJlWUDHm9g
Full Paper: https://t.co/UyrfMaPaje