This paper contributes to the literature on global inequality in multidimensional well-being by examining inter-country disparities in the longevity, knowledge and standard of material living components of the well-known and widely-used Human Development Index for the years 1992-2004. It differs...

Small Island Developing States (SIDS) are very different to other developing countries. Relative to GDP they have the highest levels of foreign trade and aid receipts of all developing countries. Remittances from abroad are a far more important source of income for SIDS, and some depend very...

This paper explores the relative role of aggregate demand and supply shocks in affecting the output level and inflation rate in a low-income country vulnerable to various economic shocks. The study uses Bangladesh data, and following Cover et al (2006), employs a modification of the...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

This presentation discusses developing economies in Latin America as compared to the Toyota Production System (TPS), an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. A comparison of INTA in Argentina and elsewhere is given. The...

This presentation discusses developing economies in Latin America as compared to the Toyota Production System (TPS), an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. A comparison of INTA in Argentina and elsewhere is given. The...

Mainstream economics had great difficulty in fitting entrepreneurship into its theory and for long time the theoretical firm remained “entrepreneurless”. However, from the early 20th century onwards, we identify strong attempts of key economists to recognize the role of the entrepreneur as...

This paper presents a growth diagnostic exercise for Peru. It notes that although Peru has recently enjoyed high rates of economic growth, this growth is actually a recovery from a significant and sustained growth collapse that began in the 1970s, caused by a decline in export earnings due to...

This essay explores the governance mechanisms by which an industrial policy based on Toyota Production System (TPS) principles can learn from, collaborate with and ultimately help transform the context of the economic actors without being captured by them. This working paper was prepared for the...