citizens. However, very long queues result in excessive wait times and this can lead to violence. As such, the purpose of this … paper is to analyze two stochastic models of goods allocation with queuing and the possibility of violence. In the first … model. In the second model, we capture the violence aspect of the underlying story explicitly with a capacity constraint …

this aspect, however, are inconclusive. Based on the average growth rate for the last two decades, we select 12 top … positive and significant impact of openness on economic growth. The system GMM technique is used to overcome the shortcomings … of endogeneity as found in most previous studies. While growth in labor force has insignificant effect on output growth …

services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …

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, however, surprising that there was little empirical work investigating …

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, however, surprising that there was little empirical work investigating …

We develop an endogenous growth model with overlapping generations taking into account important characteristics of the … has two opposite effects. On the one hand, it enhances growth through a positive externality affecting the productivity of … private firms. On the other hand, it inhibits growth by ousting the external financing of private firms and enlarging the less …

In this study we examine the link between of income inequality and wholesale price of wheat using panel data. We have … find that price of food grain initially increases with increase in inequality but after a point it starts declining …

Aghion, P. and P. Bolton (1997, "A Theory of Trickle-Down Growth and Development," Review of Economic Studies, 59, 151 …-172) provide a model analyzing the effect of capital accumulation on income inequality. We integrate two additional features to a … investment projects relatively to other agents. I show that inequality increases in a first stage of development and, contrarily …