• Publications
  • Influence
Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?
This brief summarizes the results of a gender impact evaluation study, entitled Prices or knowledge? What drives demand for financial services in emerging markets? Conducted in 2008 in Indonesia. TheExpand
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The costs and benefits of leaving the EU: trade effects
This paper estimates the welfare effects of Brexit, focusing on trade and fiscal transfers. We use a standard quantitative general equilibrium trade model with many countries and sectors and trade inExpand
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The consequences of Brexit for UK trade and living standards
The economic consequences of leaving the EU will depend on what policies the UK adopts following Brexit. But lower trade due to reduced integration with EU countries is likely to cost the UK economyExpand
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Brexit: The Economics of International Disintegration
This paper reviews the literature on the likely economic consequences of Brexit and considers the lessons of the Brexit vote for the future of European and global integration. Brexit will make theExpand
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The impact of Brexit on foreign investment in the UK
• Foreign direct investment (FDI) raises national productivity and therefore output and wages. Multinational firms bring in better technological and managerial know-how, which directly raises outputExpand
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The Costs and Benefits of Leaving the EU
What would be the economic effects of the UK leaving the European Union on living standards of British people? We focus on the effects of trade on welfare net of lower fiscal transfers to the EU. WeExpand
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Selection into Trade and Wage Inequality
This paper analyzes how intra-industry trade affects the wage distribution when both workers and firms are heterogeneous. Positive assortative matching between worker skill and firm technologyExpand
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Financial Literacy , Financial Decisions , and the Demand for Financial Services : Evidence from India and Indonesia
Why is demand for formal …nancial services low in emerging markets? One view argues that limited cognitive ability and …nancial literacy sti‡e demand. A second view argues that demand is rationallyExpand
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Dynamic Selection: An Idea Flows Theory of Entry, Trade and Growth
This paper develops an idea flows theory of trade and growth with heterogeneous firms. New firms learn from incumbent firms, but the diffusion technology ensures entrants learn not only from frontierExpand
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