This study extends the analytical framework for the specification of import demand behaviour from the conventional partial equilibrium to a general equilibrium perspective. This perspective emphasises the macro dimension of import demand and the potential influence of financial factors. Two new...

The study examines the export-led growth (ELG) hypothesis for Cambodia. The sample covers annual observations between 1972 and 2008. The Granger's non-causality tests support ELG as well as the growth-led exports. Also, there is causality from imports growth to exports growth. The study also...

This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the region. Specifically, the symmetry in macroeconomic disturbances of the East...

We examine the causes and consequences of corruption in the provision of education service in Bangladesh. Our empirical analysis is based on the 2007 household survey data collected by Transparency International Bangladesh (TIB), which measure actual corruption. Our main findings are (i) both...

This study compares living standards in China, India and Vietnam using the recent multidimensional approach. A distinguishing feature of this study is the use of unit record data sets containing household level information on a wide range of variables including access to several dimensions of...

We study non-collusive corruption in the education sector. For this purpose, we construct a simple theoretical model that captures non-collusive corruption between service providers (teachers) and service demanders (students). The model shows that the bribe paid by the service demander increases...

This paper evaluates and compares multidimensional deprivation in India and China during the 1990s and beyond. The exercise is conducted on two micro data sets that have been tailor made for this study. It departs from the recent comparisons between India and China that are based on macro...

While the primary aim of most Conditional Cash Transfer (or CCT) programs is to increase the level of human capital of children in poor households, there are also potentially large spillover effects associated with such programs. We illustrate this using data from the Familias en Accion (FA)...

Using a millennium of data for 12 countries in the East and in the West this paper tests the extent to which the three most influential hypotheses on growth and development can shed light on why some economies developed earlier than others and which factors were fundamental for the Great...

We experimentally evaluate two micro-lending schemes to finance high-value smallholder agriculture. Loans featured durations that matched crop cycles, low interest rates, dynamic repayment incentives and index insurance. In the TRAIL design, the lender incentivized a local trader to recommend...