No abstract

, the seminar participants at the 2013 LAGV conference and one anonymous referee for useful comments and suggestions. Lodewijk is also indebted to the Institute of Development Policy and Management (IOB) and the Research Foundation Flanders (FWO) for financial support. When requested, we are happy to provide all publicly available data and programming code for replication purposes.

No abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.