This paper studies the role of private sector companies in the development of local amenities. We use evidence from one of the largest multinationals of the 20th century: the United Fruit Company (UFCo). The firm was given a large land concession in Costa Rica—one of the so‐called “Banana Republics”—from 1899 to 1984. Using administrative census data with census‐block geo‐references from 1973 to 2011, we implement a geographic regression discontinuity design that exploits a land assignment that is orthogonal to our outcomes of interest. We find that the firm had a positive and persistent effect on living standards. Company documents explain that a key concern at the time was to attract and maintain a sizable workforce, which induced the firm to invest heavily in local amenities—like the development of education and health infrastructure—that can account for our result. Consistent with this mechanism, we show, empirically and through a proposed model, that the firm's investment efforts increase with worker mobility.

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Replication is an important “credibility control” mechanism for clarifying the reliability of published findings. However, replication is costly, and it is infeasible to replicate everything. Accurate, fast, lower cost alternatives such as eliciting predictions from experts or novices could accelerate credibility assessment and improve allocation of replication resources for important and uncertain findings. We elicited judgments from experts and novices on 100 claims from preprints about an emerging area of research (COVID-19 pandemic) using a new interactive structured elicitation protocol and we conducted 35 new replications. Participants’ average estimates were similar to the observed replication rate of 60%. After interacting with their peers, novices updated both their estimates and confidence in their judgements significantly more than experts and their accuracy improved more between elicitation rounds. Experts’ average accuracy was 0.54 (95% CI: [0.454, 0.628]) after interaction and they correctly classified 55% of claims; novices’ average accuracy was 0.55 (95% CI: [0.455, 0.628]), correctly classifying 61% of claims. The difference in accuracy between experts and novices was not significant and their judgments on the full set of claims were strongly correlated (r=.48). These results are consistent with prior investigations eliciting predictions about the replicability of published findings in established areas of research and suggest that expertise may not be required for credibility assessment of some research findings.

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for helpful comments and discussion. The views expressed herein are those of the authors and do not necessarily represent the views of the Central Bank of Costa Rica or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.