tional transmission mechanism in the context of a two-country general equilibrium model. I incorporate realistic frictions with respect to the external financing of investment, and I calibrate these frictions to reflect important differences in lending institutions between developed and developing economies. To overcome these frictions, the paper focuses, in particular, on the role of leverage ...

Information technology (IT) projects continue to suffer from frequent cost and time overruns and failure to fully deliver on the expected benefits to the users or the organization. Furthermore, what determines the success or failure of information technology implementations and use in developing and emerging economies may differ substantially from generally accepted success factors in highly de...

In developed economies, agglomeration is skill-biased: larger cities are skill-abundant and exhibit higher skilled wage premia. This paper characterizes the spatial distributions of skills in Brazil, China, India. To facilitate comparisons with developed-economy findings, we construct metropolitan areas for each these economies by aggregating finer geographic units on basis contiguous light nig...