Can barriers to capital accumulation account for large differences in GDP per capita? We reconsider the claim that these barriers have an amplified effect on income levels in a model where both modern and traditional sector technologies are active. We show that this claim is not correct. We do...

The impact of globalization on security is explored with a focus on its impact on the abuse of corporate political power, the risk of external or internal conflict and the link between globalization, growth and security. I argue that globalization may exacerbate problems of governance. Likewise...

China’s rapid economic development has facilitated a dramatic increase in its military capacity and international security presence. But there is considerable disagreement over how large its economy and military capacity is. Underlying the debate is the fact that market and PPP exchange rate...

The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given the relatively free flows of capital, labor and commodities across state borders. We use a new data set of district level income and socio-economic data to explore the...

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...

Purpose – The purpose of this paper is to provide a quantitative assessment of the factors contributing to India's growth acceleration since 1970, based on the neoclassical growth model. Design/methodology/approach – A feature of neoclassical growth models is that capital accumulation is...