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.

This empirical note complements the qualitative and theoretical research on positive household stigma towards child labor. We use data from Guatemala and two instruments for measuring stigma: a child's indigenous background and household head's childhood work experience. We then adopt binomial...

Both economic growth and exchange rate theories suggest that the exchange rate regime could have consequences for the medium-term growth of a country, directly, through its effects on the adjustment to shocks, and indirectly, through its impact on the important determinants of growth. It is,...

We apply the a nonparametric method of kernel regression on a dataset for 109 countries to estimate the income fertility nexus in demo-economic transition. The results suggest the existence of a critical level of per capita income above which fertility decreases exponentially with rising income....

China has been one of the most favorite markets in the world for the last decade. With the economic liberalization reforms starting in 1978, China¡¦s government provided for Special Economic Zones (SEZs) in a few of provinces on the coastal area (Yao et al, 1998). SEZs in China have been...

We show that Stiglitz's (1974) principal-agency theory of share tenancy does not imply, as alleged, that the optimal tenant share is less than one for risk-averse tenants nor that the share decreases monotonically with tenant risk aversion. Tenants may self insure by working harder increasingly...

WHAT IS ECONOMIC DEVELOPMENT ? Economic development means sustainable qualitative changes in the living conditions of general public in a country over a long period of time. Living condition means economic wellbeing not only in material sense but also in social sense. Conventionally per capita...