The post-war growth experiences of developing countries lead to the idea that income equality may accelerate economic growth. In this paper, a theoretical model showed the possibility that equality makes a country human-capital abundant, which enables industrialization and higher economic...

In this paper, the effect of the cost of children on fertility rate is estimated in order to verify the hypothesis that the recent fertility decline in Japan was caused by the rise of the cost of children. As cost of children, two types of measures were used. One is the cost from the Rothbarth...

In this paper, the cost of child rearing is estimated in order to examine the hypothesis that the recent fertility decline in Japan has been caused by increases in the cost of child rearing. Although there are various ways to estimate the cost of children, the research uses an equivalence scale....

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This paper explains adverse international capital flows and economic growth using a model with asymmetric information in the capital market. The capital markets in developing countries are found to suffer more severely from asymmetric information than those in developed ones, which results in a...