Concerns over rising inequality have threatened to slow the process of trade liberalization in emerging economies, such as China and India. But even if trade liberalization raises inequality, these effects may be short lived and associated with important dynamic effects such as capital and skill...

We develop a household utility maximization model to explain gender disparities in education in traditional societies, based on anthropological evidence on the relationship between kinship and altruism. In this model, the asymmetry between males and females with respect to childbearing implies...

"We revisit the benefits of the Australia-US Free Trade Agreement (AUSFTA) and, in particular, evaluate the insurance value of this agreement in the face of regional and global trade wars. The insurance benefits are quantified by comparing the AUSFTA against alternative scenarios where some or...

The existing literature on Indian growth finds no evidence of B convergence across states. This represents a puzzle given the relatively free flows of capital, labour and commodities across state borders. We use a new data set to estimate convergence rates across 575 Indian districts and find...

I evaluate the effectiveness of eco-labeling programs that are designed to mitigate transboundary environmental problems. A simple two-country model is considered, where consumers in each country value a common environmental resource. It is shown that, in equilibrium, the level of damage is...