The range of and constraints on policy instruments available to the government when raising and distributing revenue can have important consequences for the efficiency and equity implications of pricing policy. The usual trade-off between equity and efficiency is magnified. We emphasize the...

Over the past sixty years, most Asian countries have undergone relatively rapid agricultural transformations that helped jumpstart broader economic development. However, the changes have differed markedly in nature and speed across countries of the region. In much of East and Southeast Asia, the...

We decompose the relationship between food aid and conflict into the channels through which food aid can affect conflict. We address questions of methodological choice and estimation techniques for empirical studies. Our review of the empirical evidence on the effect of food aid on conflict...

In an attempt to find out the degree of monetary non-neutrality in Nigeria we started from finding out the size of price rigidity in the country. Computation with Ball and Romer method showed that price rigidity is optimal decision for firms in Nigeria only when the menu cost is well above 2.28%...

One focus of the G20 Summit in Hamburg in July 2017 was the United Nations’ sustainable development goals, including those set for the water sector. Despite progress, around 800 million people worldwide do not have adequate access to drinking water. Increasing block tariffs are an instrument...

Poverty remains a pervasive problem all over the world, but the problem is worst in underdeveloped areas like Africa. While microfinance is supposed to address this problem through the promotion of viable businesses, it has not been very successful in helping survival microenterprises, i.e.,...

The goals of the Guaranteed Support Price (GSP) scheme, adopted by several developing countries to support their farmers and the underprivileged population, are threefold: (a) as a supply-side incentive, to ensure high output from the farmers, (b) as a demand-side provisioning tool, to subsidize...