We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...

Niger earns its foreign exchange mainly from uranium and gold, which has limited domestic economic linkages. Distant second, livestock export also provide important revenue to the country. Overall, most of the labor force is employed in a low productivity and shock prone rainfed agricultural...