Several independent datasets concerning household behavior in the Washington, D.C. metropolitan area are combined to create an agent-based model of the recent housing market bubble and its aftermath. Comprehensive data on housing stock attributes, primarily from local government sources, are used as input to the model, as are administratively-complete data on household characteristics. Data covering...

This paper examines the relationship between openness and within-country regional inequality across 28 countries over the period 1975-2005, paying special attention to whether increases in global trade affect the developed and developing world differently. Using a combination of static and dynamic panel data analysis, we find that while increases in trade per se do not...

Interest in investment climates has emerged relatively recently. In the 1960s and 1970s, governments in many countries believed they should play a direct role in rural credit, input supply, production, trade, transport, distribution, and even marketing. However, in the 1980s and 1990s, government-dominated systems fell into disgrace because of poor performance. For the rural sector...