Uganda has made progress towards the Millennium Development Goal (MDG) of halving extreme income poverty by 2015, but there have been intermittent setbacks to the advances made. The incidence of poverty increased in the period 1999/00-2002/03, before falling significantly in the period...

This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.

The informal sector (IS) plays a significant role in developing countries viz. the provision of employment, income and supplying ignored markets. However, working and employment conditions within the sector are still poor. Its expansion and changing structures have thus drawn the attention of...

This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual's want of social status. For a given level of a population's wealth, the corresponding aggregate measure of...

This paper offers two innovations for empirical growth research. First, the paper discusses principal components augmented regressions to take into account all available information in well-behaved regressions. Second, the paper proposes a frequentist model averaging framework as an alternative...

The paper presents a new method to solve DSGE models with a great number of heterogeneous agents. Using tools from systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced model approximates the original model with high precision....

El presente documento investiga la movilidad social en Bolivia y discute sus implicancias para la reducción de la pobreza y el crecimiento económico de largo plazo. Regresiones en base a información de encuestas de hogares muestran que la movilidad social es muy baja en Bolivia, inclusive con...

This paper investigates social mobility in Bolivia. It is an issue of high policy relevance as the degree of social mobility can have strong implications for both poverty reducation and long-run growth. Regressions based on household survey data show that social mobility is very low in Bolivia,...

Kritiker der Anpassungspolitik von IWF und Weltbank halten deren Programme für nicht entwicklungsverträglich. Erstens würden die positiven Wachstumswirküngen struktureller Maßnahmen aufgrund einer zu strikten makroökonomischen Stabilisierung weitgehend ausbleiben. Zweitens würden die...