If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human capital, the opposite is likely to be true of the income effect, especially in the presence of credit market imperfections among the poor. It is shown in this paper that this...

This edition of the Annual World Bank Conference on Development Economics presents selected papers from the ABCDE Meetings, held May 29-30, 2006, in Tokyo, Japan. This volume presents papers on Infrastructure for Growth - emerging issues; sustainable development and infrastructure - climate...