This paper studies the effect of financial repression and contract enforcement on en-trepreneurship and economic development. We construct and solve a general equilibrium model with heterogeneous agents, occupational choice and two financial frictions : intermediation costs and financial...

In March and October 2005, the Government of Indonesia reduced fuel subsidy and allocated part of the funds to the BOS (Bantuan Operasional Sekolah-School Operational Assistance) Program, which commenced in July 2005. This program is provided for schools at the primary and junior high school...

Benefit incidence analysis (BIA) is a tool used to assess how tax policy or government subsidy affects the distribution of welfare in the population. In other words, it evaluates the distribution of government subsidies among different groups in the population, in particular, among different...

This paper reviews the capacity of colleges and universities to serve poor and vulnerable populations during past and present economic shocks. The main argument is that the environment of the global recessionan Asia far more economically integrated than during past economic shocks, with more...

This paper talks about how to pay for teaching at universities. It does not talk about financing research, nor about any particular country. Instead, its purpose is to offer a toolkit for policy makers thinking about reform. The paper sets out lessons for policy design from economic theory...