Laos and Cambodia have been transitioning to a market-oriented policy regime. Both are agrarian economies with agriculture contributing about one-third of the GDP. We assess prospects of achieving MDG1 and centrality of agricultural growth in achieving this goal. As these are macro...

Almost all existing literature assumes immigrants immediately assimilate in the receiving country. In contrast, the present paper considers the case of non-immidiate assimilation, and analyzes immigration conflicts in an overlapping generations dynamic system. We examine three types of conflicts...

The present study is an attempt to examine the trends in returns to education in light of the long-term economic growth in India during 1983 to 2009-10. It outlines various forms of inequality issues prevalent in Indian labour markets, with respect to the rural/urban areas, gender, caste and...

The changes in various policies related to trade and entry of multinational companies in Indian pharmaceutical industries have started during early seventies. However, the pace of growth of this industry have shown a remarkable upswing only after 1991 and it shows a major jump after 2005. The...

This paper links firms’ endogenous quality choice to worker effort and efficiency wages. The model generates two distinct features: effort is rewarded and quality is rewarded. Then firms with higher monitoring accuracy produce higher quality and pay higher wages. When trade is opened, while...

We establish some elementary results on solutions to the Bellman equation without introducing any topological assumption. Under a small number of conditions, we show that the Bellman equation has a unique solution in a certain set, that this solution is the value function, and that the value...

This study investigates whether mother's empowerment as measured by her bargaining power relative to father's affects children's nutritional status using the three rounds of NFHS data in India. First, the relative educational attainment of mothers significantly contributes to z scores pertaining...

Previous investigations on performance-related pay have mainly analyzed its relationships with earnings, productivity, and job satisfaction. Less attention has been devoted to the investigations of individuals’ preferences for the performance-related payment system per se and consequently the...

This paper shows that globalization increases (decreases) the growth rate if and only if the beachhead cost for the domestic market is strictly higher (lower) than that for the foreign market in a endogenous growth model with firm heterogeneity, international trade, and endogenous international...

Not unlike many European societies in the 1970s and 1980s, Japan went through a rapid process of postindustrialization in the 1990s and 2000s. Whilst the implications were wide-ranging, young (would-be) labour market entrants were among the most affected groups: youth unemployment more than...