The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such cyclical growth is derived. The growth enhancing property of...

The paper considers price adjustment on the plane and derives global stability conditions for such dynamics. First, we examine the well-known Scarf Example, to obtain and analyze a global stability condition for this case. Next, for a general class of excess demand functions, a set of conditions...

This article investigates the role of public funds in ensuring that primary schools in India have at least a certain minimum number of instructional days. Using data on primary schools from three districts, we first document that the distribution of instructional days may reasonably be thought...

1. Intersectoral disparities and growth / Amitava Bose -- 2. Cycles and crises in a model of deb-financed investment-led growth / Soumya Datta -- 3. Policy-induced changed in income distribution and profit-led growth in a developing economy / Gogol Mitra Thakur -- 4. A simple dynamic bargaining...