This paper investigates the impact of natural disasters on the long-term macroeconomic performance of a country. More specifically, we want to see whether the impact of natural disasters on economic growth is uniform across countries or it is differentiated according to the macroeconomic policy...

This paper uses the concept of cointegration for empirically analyzing the long-run relationship of China's import demand function. The analysis employs the annual data for the sample period from 1978 to 2009. The purpose of this study is to investigate and explain China's import demand...

This paper studies the impact of pay fairness on factor income and social welfare in a developing economy with both modern urban and traditional rural sectors. When urban workers become aware of income fairness, they use the expected urban wage and weighted average returns to capitalists as...

This is a very brief note which considers how to incorporate directly into the measurement of literacy a procedure for penalizing anti-female bias in its gender-related distribution. The ‘gender-adjusted' literacy measure L* advanced in this note reflects the cost of failing to achieve...

This paper examines the effects of the ownership form of banks on the finance-growth nexus in Japan. If the cooperative ownership of banks has comparative advantages in local financial development, the failure of a cooperative bank should be more harmful than that of a commercial bank. The...

This paper examines the volatility of remittance flows to Pakistan using the ARCH model. We find overall remittances to be stable, whereas those from the Middle East and North America are relatively volatile, owing to fluctuations in the output of the host economies and the migrants' profile....

This paper describes the size distribution of all Cambodian establishments for 2009, showing that small- and large-scale establishments accounted for the largest share of employment. We find limited evidence for Zipf's law because Cambodian industry is characterized by a more dense mass of small...

This paper re-examines the pollution-income relationship using a random coefficients model to allow for greater cross-country heterogeneity. The existence of a common pollution-income relationship across countries is rejected and hence little support for the environmental Kuznets curve is found.

Rapid economic growth in China has resulted in substantially improved household incomes. Diets have also changed, with a movement away from traditional foods and towards animal products and processed foods. Yet micronutrient deficiencies, particularly for calcium and vitamin A, are still...

The joint liability literature claims that positive assortative matching, or risk homogeneity, is always the first best solution. We examine this claim in presence of group formation costs and find that the assertion is not always true.