Journal of the European Economic Association, August 2024

We study relational contracts among managers using unique data that tracks transfers of workers across teams in Indian ready-made garment factories. We focus on how relational contracts help managers cope with worker absenteeism shocks, which are frequent, often large, weakly correlated across teams, and which substantially...

Journal of Financial Services Research, August 2024

Despite several advantages associated with borrowing from micro-finance institutions, such as self-help groups (SHGs), many enterprises in developing countries continue to rely on informal lenders. Using machine learning techniques on a novel village-enterprise matched dataset from India, we predict an enterprise’s choice...

Transportation, August 2024

Traditional multiple discrete–continuous (MDC) choice models impose tight linkages between consumers’ discrete choice and the continuous consumption decisions due to the use of a single utility parameter driving both the decision to choose and the extent of choice. Recently, Bhat (Trans Res Part B Methodol 110:261–279, 2018)...

Applied Economics, August 2024

This paper empirically investigates the influence of uncertainty on corporate leverage for 6248 Indian firms for the period 2011– 2021. We find that their leverage tends to fall when policy uncertainty increases. Further, we investigate the two channels through which policy uncertainty affects corporate leverage: demand and supply...

American Economic Journal: Economic Policy, August 2024

Even as policymakers seek to encourage economic development by addressing misallocation due to frictions in labor markets, the associated production externalities—such as air pollution—remain unexplored. Using a regression discontinuity design, we show access to rural roads increases agricultural fires and particulate...

World Development, August 2024

This article looks at subjectivities and regimes of homing from a position of liminality and questions the placements dynamics displayed by Sri Lankan Tamil refugees in Tamil Nadu, India. Based on long-term and longitudinal fieldwork conducted in Keezhputhupattu refugee camp near Pondicherry between 2010 and 2023...