This paper shows that product prices determine organisational design by studying how trade policy affects vertical integration. The authors construct firm-level indices of vertical integration for a large set of countries and industries and exploit cross-section and time-series variation in import tariffs to examine the impact of prices on organisational choices.
Laura Alfaro, Paola Conconi, Harald Fadinger, Andrew Newman, Sunday, October 28, 2012 - 00:00
Klaus Deininger, Aparajita Goyal, Hari Nagarajan, Friday, December 3, 2010 - 00:00
Women in many countries face legal barriers preventing them from inheriting property. This column argues that this is a starting place for broader gender inequality and that stronger inheritance rights for women are likely to be an effective mechanism for improving their access to physical and human capital.
Tim Besley, Maitreesh Ghatak, Wednesday, April 22, 2009 - 00:00
This column explores the security of property rights and the various channels through which they affect economic activity. It demonstrates a strong correlation between secure property rights and economic development and discusses the institutional challenges involved. Property rights reform is no panacea, and it faces difficult political economy hurdles in some countries.
Sergei Guriev, Konstantin Sonin, Anton Kolotilin, Tuesday, March 25, 2008 - 00:00
In recent years we have witnessed a phenomenon that has not been observed since the 1970s: the forced nationalization of major, foreign-owned oil assets in Venezuela, Bolivia, Russia and Kazakhstan. The authors of CEPR DP6755 study nationalizations in the oil industry around the world in 1960-2002 and show that governments are more likely to nationalize when oil prices are high and when political institutions are weak.