Between 1958 and 1961, China experienced one of its worst famines in history. Birth rates plummeted during these years, but recovered immediately afterwards. The famine-born cohorts were relatively scarce in the marriage and labor markets. The famine also adversely affected the health of these...

By international standards, gross domestic product (GDP) per capita in Latin America is low -- around one fifth of that of the United States. Moreover, in the last five decades, Latin America has failed to catch-up in wealth to the level of the United States while other countries at similar or...

We apply the a nonparametric method of kernel regression on a dataset for 109 countries to estimate the income fertility nexus in demo-economic transition. The results suggest the existence of a critical level of per capita income above which fertility decreases exponentially with rising income....

We employ the total factor productivity (TFP) index in growth accounting as a proxy for productivity growth to compare patterns and sources of output growth for a group of proximate countries in Asia-Pacific Economic Cooperation region. The estimates indicate that output growth has benefited...

China has been one of the most favorite markets in the world for the last decade. With the economic liberalization reforms starting in 1978, China¡¦s government provided for Special Economic Zones (SEZs) in a few of provinces on the coastal area (Yao et al, 1998). SEZs in China have been...

We show that Stiglitz's (1974) principal-agency theory of share tenancy does not imply, as alleged, that the optimal tenant share is less than one for risk-averse tenants nor that the share decreases monotonically with tenant risk aversion. Tenants may self insure by working harder increasingly...

WHAT IS ECONOMIC DEVELOPMENT ? Economic development means sustainable qualitative changes in the living conditions of general public in a country over a long period of time. Living condition means economic wellbeing not only in material sense but also in social sense. Conventionally per capita...

Jensen and Miller (2001) have recently demonstrated rice and noodles to be Giffen Goods among the poor in South and North China respectively. We examine whether tortillas, the main staple in Mexico, are also a Giffen Good. The large income change due to the 1995 Peso Crisis and the large...

Economists have proffered myriads of causes of the debt problem faced by less developed countries (LDCs). This paper uses the panel data technique to investigate the fundamental causes of the debt problem among primary commodity dependent LDCs. The results show a strong link between high levels...

The twin phenomena of globalization and global-warming have put human-innovation at the forefront for member countries of the Organization for Economic Cooperation and Development (OECD). Our research effort lays the foundation for monetizing creativity by listing the necessary concepts and...