The purpose of this paper is to examine the welfare implications of traditional customs unions in a Harris-Todaro type of economy. In this context, the authors show, among other things, that, in the Harris-Todaro type of economy, the welfare implications of trade diversion I is ambiguous, while...

This paper shows how provision of public goods differ in the context of centralisation and decentralisation when the incumbent politician confers the responsibility of the actual provision to a bureaucrat who extracts bribe from the public and provides a predetermined portion of it to the...

We deviate from the Harris and Todaro (1970) model by assuming that the urban firms provide training to the workers. But whether to train or not and how many workers should be trained is decided under imperfectly competitive market conditions. On the other hand, in the rural sector perfect...

This paper attempts to model the role of productive expenditure on growth using a panel data from fourteen major Indian states covering the time-period 1974-75 to 1996-97. It focuses on the role of indirect taxes as a source of financing of productive expenditure by the government, which acts as...

US Foreign Direct Investment (FDI) outflows are examined with respect to the level of corruption – in the form of bribery – in 42 recipient countries over a five-year period. Analysis indicates that US firms are less likely to invest in countries where bribery, as measured by the Corruption...