In transition and developing countries, we observe rather high levels of corruption even if they have democratic political systems. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. Our model is based on the fact...

The effect of aid on civil war has been widely debated. In this paper we introduce a new framework to evaluate the effectiveness of aid on conflict. Using proxies for the evolution of conflict we show that over the course of the conflict aid significantly affects the escalation and de-escalation...

The purpose of the paper is to analyze Claudio Napoleoni's opinions on the epistemic status of labour and work in Marxian thought. Particular attention is paid to illustrate the position taken by Napoleoni as regards Lucio Colletti's idea of an identity of abstract labour and alienated labour in...

Microfinance has, by now, reached a total of over 60% of all poor households of Bangladesh, and 37% of all households (World Bank, 2005). There are, however some controversies relating to the indebtedness for the microfinance receivers and the contribution of microfinance in their socioeconomic...

ABSTRACT Medellín became the capital city of Antioquia when a change in the production paradigm was established: the change of mining to agricultural and livestock production farm, which allowed the emergence of a fledgling industry in a city that, did not have the features expected to be...

This paper aims to investigate the relationship between physical infrastructure and economic development of Pakistan. A composite index of physical infrastructure has been constructed through Principal Component Analysis. This has been done by taking into account three different dimensions of...

The presented study examines the level and pattern of development in the conflict particularly Naxal afflicted areas/regions. A case of Warangal District in Andhra Pradesh which has been the most affected district in India by the Naxal movement and its violence, is considered for the study.

This paper aims to understand the pattern of the labor share of income during the development process. We highlight a U-shapped relationship between development and the labor share. Our theory emphasizes the interplay between firms'monopsony power and the size of the informal sector when the...

ABSTRACT This paper develops a broad, multi-faceted approach to the socio-economics of money. The aim is to elaborate models with which to describe and analyze money and money systems in modern societies. No single theory is conceivable but a complex of interlinked theories can help us...

The economic transition characterizing the process of European industrialization in the 19th century was concentrated on regions rather than on states. In the first half of the 19th century, the region of Aachen (in the west of Prussia) pioneered on the territory of the German states and...