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This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on...
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We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...
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The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did … India, this paper concludes that such monetarist policy measures have been responsible for stagnation, with a rise in price …
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