Most conceptualisations of the bottom billion assume that “the poor” are a minority group in a state of continuous dependency, identifiable by region and demographic. Using a flow analysis (inflow and outflow) of poverty, rather than a stock analysis, we explain why poverty is more...

Most conceptualisations of the bottom billion assume that "the poor" are a minority group in a state of continuous dependency, identifiable by region and demographic. Using a flow analysis (inflow and outflow) of poverty, rather than a stock analysis, we explain why poverty is more appropriately...

Ethno-regional voting cleavages have featured in a number of sub-Saharan African states during the third wave of democratization following the end of the Cold War.While the causes and consequences of these cleavages are well studied, there have been surprisingly few attempts to understand how...

Using weekly spot and future commodity prices in Chicago and New York, we construct expected transportation rates for grain between these two cities, expected inventory levels in New York, and realized errors in the expectations of such variables. We incorporate these exogenous commodity market...

This paper gives a general framework for analysing a trade divergence that runs across both the New International trade theory and the traditional analysis of export policy. The source of the trade divergence, the motive for intervention and the analytical framework is shown to be the same in...

Efficiency wage theories have been put forward as attractive ways of explaining different aspects of the labour market. To find direct evidence of efficiency wage payments has proven to be quite difficult. We model various vertical spillovers from wage determination in an upstream labour market...