Since the early 1750's economists have elaborate two approaches in order to deal with economic history: a stage theory and a theory of continuing, quantitative growth. J. Schumpeter argued forcibly in favour of the development approach while N. Georgescu-Roegen endorsed the Schumpeterian...

Urbanization and poverty have a two-way relationship. Using fixed-effects regression andpanel data from household surveys, we estimate the effect of urbanization on welfare andpoverty of rural households in Vietnam. We find that urbanization tends to increaselandlessness of rural households and...

This paper provides a new approach to analyzing credit constraints by differentiating which of the household's production and consumption decisions are affected by credit constraints. It also provides a first attempt to estimate of the extent and determinants of credit constraints in the...

This paper aims at explaining differences in education between foster-children and the biological children of their new household by differences in return to education as suggested by the human capital investment model. Defining this return by the amount of the old-age support the care-givers...

Uncertainty is a crucial issue for producers who must make input decisions without knowing prices and without perfect knowledge of realized output. In this context, price expectations strongly determine the production choices and market prices that result from market-clearing conditions. This...

From a sample of Asian countries over the period 1999-2007, this paper investigates the link between bank competition and economic development. In general, although banking market power has a U-shaped relationship with economic growth, banking market power tends to improve economic growth....

Recently, Asian and Latin American countries have been involved in a series of negotiations to liberalize trade and investment flows. This paper analyzes the potential impact of a Free Trade Agreement between countries of both regions, applying a world dynamic general equilibrium model (MIRAGE)....