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The windfall acquisition of precious metals from American mines and the military revolution of the Early Modern age allowed the Spanish monarchs to command large amounts of credit andpursue an expansive imperial policy unlike that of any other Early Modern nation; when the costof the Empire...
Persistent link: https://www.econbiz.de/10005556873
We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is...
Persistent link: https://www.econbiz.de/10005125920
The main objective of this paper is to study the relationship between external public debt and equilibrium real exchange rate in developing countries. Using a extension of Obstfeld & Rogoff (1995) model we show that debt overhang tend to appreciate real exchange rate in the long run (Krugman...
Persistent link: https://www.econbiz.de/10005126240
offer evidence that children's participation in child labor and schooling responds to economic returns to education in India …
Persistent link: https://www.econbiz.de/10005556051
The purpose of this paper is to explore the determinants of economic well-being. We provide a methodology to compute well-being by aggregating different socio-economic dimensions with factor analysis technique. We also estimate quality of good governance (using latent variable approach) and a...
Persistent link: https://www.econbiz.de/10005556056
differential level of development performance across states in India during the last two decades. …
Persistent link: https://www.econbiz.de/10005556115
The enterprise of running private schools has of late assumed the nature of an industry in India. Ever … investment together have contributed to the viability of this industry. In Kohima, the capital city of Nagaland (India), there …
Persistent link: https://www.econbiz.de/10005556166
labourers in Shillong, the capital city of Meghalaya, India. Casual labourers are those workers who work for a very short …
Persistent link: https://www.econbiz.de/10005556217
The paper studies regional (spatial) inequality in five most populous countries in the world: China, India, the United … issue of overall inequality as perceived by citizens within a nation. China and India show rising inequality in terms of … vs. Bihar, and Shandong vs. Sichuan provide nice examples of such outcomes in India and China. Higher inflation and …
Persistent link: https://www.econbiz.de/10005556224
city of Meghalaya, India. Two views of poverty have been considered; first at the per capita (per month) income level and …
Persistent link: https://www.econbiz.de/10005556229