Climate‐smart innovations have been receiving increasing attention in policy dialogues for their potential to transform agricultural systems and improve the well‐being resilience of farm households. Using recent panel data from Ethiopia combined with novel historical weather data, we provide microeconomic evidence welfare effects conservation agriculture (CA), a climate‐smart practice. We use endogenous switching regression model deal selection bias farmer heterogeneity CA choice. The study...

A bstract . State‐sponsored lotteries are a lucrative source of revenue. Despite their low payout rates, extremely popular, particularly among low‐income citizens. State officials laud the benefits lottery proceeds and promote fun excitement participation. This entertainment value is one explanation for demand by poor: individuals with lower incomes substitute play other entertainment. Alternatively, consumers may view as convenient otherwise rare opportunity radically improving standard...

We examine the impact of two post‐9/11 airport security measures—baggage screening and federalization passenger screening—on demand for air travel in United States. Exploiting phased introduction measures across airports, we find that baggage reduced volume by about 6 percent on all flights 9 departing from nation's 50 busiest airports. In contrast, federalizing had little effect volume. provide evidence reduction was an unintended consequence not result contemporaneous price changes,...

Many consumers do not adopt products with health and wellbeing benefits apparently far greater than their costs. A sales offer combining a free trial, time payments, the option of returning product can overcome barriers such as liquidity constraints poor information about usability. We tested this (and alternatives) in an experiment fuel-efficient charcoal stove urban Uganda wood rural Uganda. Consistent importance these barriers, dramatically increased uptake—in Kampala, from 4% to 46%,...

Abstract This article uses a uniquely rich project‐level data set to analyze determinants and trends of foreign direct investment (FDI) flows the Southern African Development Community region. We control for source investment, sector in which is undertaken, type addition project size. The results indicate market size have positive impact on FDI under all specifications—a result consistent with earlier studies. Other variables are unstable depending specification subset used. Furthermore, we...

The authors examined the effect of peer usage on consumer demand for efficient cookstoves with a randomized controlled trial in rural Uganda. tested whether neighbors buyers who ordered and received stove are more likely to purchase an cookstove than but have not yet stove. found that experience detectably their evidence effects opinions about cookstoves. Knowing prominent member community has predicts 17-22 percentage points higher odds strongly favoring However, this favorable opinion...

We show that the public's response to terrorist threats can have unintended consequences rival attacks themselves in severity. Driving fatalities increased significantly after 11 September 2001 attacks, events prompted many travellers substitute road transportation for safer air transportation. After controlling time trends, weather, conditions and other factors, we find travellers' 9/11 resulted 327 driving deaths per month late 2001. Moreover, while effect of weakened over time, as 2300...

We analyse a detailed panel dataset on Indonesian manufacturing firms to characterise the exports puzzle: surprising absence of export‐led growth after massive currency devaluation during 1997–1998 Asian financial crisis. Our results show that, consistent with trade theory predictions following better terms trade, entry into export markets increased dramatically. In conflict same predictions, however, many pre‐crisis exporters quit exporting. Thus stagnant cannot be attributable lack...