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• Working Paper | HBS Working Paper Series | 2019

  Infrastructure and Finance: Evidence from India's GQ Highway Network

  Abhiman Das, Ejaz Ghani, Arti Grover, William R. Kerr and Ramana Nanda

  We use the construction of India's Golden Quadrangle (GQ) central highway network, together with comprehensive loan data drawn from the Reserve Bank of India, to investigate the interaction between infrastructure development and financial sector depth. We identify a disproportionate increase in loan count and average loan size in districts along the GQ highway network using stringent specifications with industry and district fixed effects. Our results hold in straight-line IV frameworks and are not present in “placebo tests” with another highway that was planned to be upgraded at the same time as GQ but subsequently delayed. Importantly, however, results are concentrated in districts with stronger initial financial development, suggesting that while financing does respond to large infrastructure investments and help spur real economic outcomes, initial financial sector development might play an important role in determining where real activity will grow.

  Citation:

  Das, Abhiman, Ejaz Ghani, Arti Grover, William R. Kerr, and Ramana Nanda. "Infrastructure and Finance: Evidence from India's GQ Highway Network." Harvard Business School Working Paper, No. 19-121, June 2019.  View Details

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• Background Note | HBS Case Collection | May 2019

  The Gig Economy: Leasing Skills to Pay the Bills

  Joseph Fuller, William R. Kerr and Carl Kreitzberg

  This primer provides a comprehensive exploration into the gig economy and how it is reshaping global business. It shows how the Uber driver, the freelancing programmer in India, and the independent corporate consultant are all different variants of the modern-day gig workers. In doing so, this document addresses the following questions: • What are gigs and who performs them? • What is the size of the gig economy? How big will it get? • What types of gig work are available, and how do they differ from one another? • What are major trends in the gig economy, and how could technology disrupt this space? • What are the key management and legal issues for companies that use gig workers? • What has been the recent legal and regulatory history of the gig economy?

  Citation:

  Fuller, Joseph, William R. Kerr, and Carl Kreitzberg. "The Gig Economy: Leasing Skills to Pay the Bills." Harvard Business School Background Note 819-146, May 2019.  View Details

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• Teaching Note | HBS Case Collection | May 2019

  Walmart's Workforce of the Future

  William R. Kerr, Jordan Bach-Lombardo, William R. Kerr and Jordan Bach-Lombardo

  This teaching note accompanies the case Walmart's Workforce of the Future. It provides a detailed lesson plan for the case study discussion, including assignment questions and sample board and slide plans.

  Keywords: walmart; omnichannel; Strategy; Transformation;

  Citation:

  Kerr, William R., and Jordan Bach-Lombardo. "Walmart's Workforce of the Future." Harvard Business School Teaching Note 819-126, May 2019.  View Details

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