Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...

This paper studies the formation of human capital and its transmission across generations when premature adult mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that follows the outbreak of an epidemic. We establish several...

Chapter 1. Introduction -- Chapter 2. Context -- Chapter 3. Developmental Challenges in the Post-Independence Era -- Chapter 4. Theory and Previous Research -- Chapter 5: Methodology -- Chapter 6. Results and Discussion -- Chapter 7. Conclusion.