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Time Is Not Money: An Experiment with Community Contribution Requirements in Cash and Labour

By Serena Cocciolo, Selene Ghisolfi, Ahasan Habib, and Anna Tompsett

American Economic Journal: Applied Economics

Community contribution requirements are a ubiquitous but un- derstudied feature of projects to provide local public goods in de- veloping countries. A randomized experiment in rural Bangladesh shows that cash contribution requirements strongly reduce t...

Reply to “Comment on “Development Effects of Electrification: Evidence from the Topographic Placement of Hydropower Plants in Brazil”

By Molly Lipscomb, Ahmed Mushfiq Mobarak, Tania Barham, and Dimitri Szerman

American Economic Journal: Applied Economics

We update the results of Lipscomb et al 2013 to improve the stability of the instrument, to reconcile differences in definitions of the Amazon used in controls, and to update the standard errors based on the Lee et al 2022 tF procedure. We show that the i...

From Population Growth to TFP Growth

By Hiroshi Inokuma and Juan M. Sánchez

American Economic Journal: Macroeconomics

A slowdown in population growth reduces business dynamism by increasing the share of older firms. We explore how this affects productivity growth using a business dynamics model with endogenous productivity. The growth rate of older firms is a key fact...

Cross-Border Spillovers: How U.S. Monetary Conditions Affect M&As Around the World

By Katharina Bergant, Prachi Mishra, Raghuram Rajan, and Freddy Pinzon-Puerto

American Economic Journal: Macroeconomics

We study how U.S. monetary policy shocks transmit to cross-border merger and acquisition (M&A) activity. Using country- and firmlevel data, tighter U.S. policy is shown to reduce both the value and the number of cross-border deals. The effects are espe...