Consumption and income have both grown rapidly in Taiwan over the past forty years, with younger birth cohorts experiencing faster growth. The long upward trend in consumption presents a strong challenge to the consumption smoothing predictions of the Permanent Income Hypothesis. We investigate...

This paper is based on an ongoing joint work with David Sahn and Xiaobo Zhang.

Coffee consumption in China is increasing rapidly over the recent years. This study offers one of the few initial attempts to not only understand general consumption behavior associated with Chinese coffee, but to explore the viability of niche markets for coffee with the credence attribute...

Technology and innovation play an increasingly important role in the economic development of both developed and developing countries. We investigate how policy and market factors influence firms’ (or other potential innovators’) decisions on innovation or imitation by developing a conceptual...

I present a simple model of intra-household allocation between spouses to show that when the quantity of resources available to the household is not perfectly observed by both spouses, hiding of income can occur even when revelation of the additional resources increases bargaining power. From...

A number of studies have tried to establish a causal link between export expansion and economic growth. Empirical studies of the relationship have pursued two different approaches-one set has used inter-country statistical comparisons and the second set has focused on the economic performance of...

This paper uses experimental data to test for a complementary relationship between formal regulations imposed on a community to conserve a local natural resource and nonbinding verbal agreements to do the same. Our experiments were conducted in the field in three regions of Colombia. Each group...

Due to a lack of internationally comparable agricultural price data, implicit output/input price ratios are constructed as the reciprocals of input MPPs. The MPPs are estimated by a production function fitted to data from a world cross section of 119 countries. Although the output/purchased...

The purpose of this paper is two-fold: the first part is to understand the "virtuous circles" of economic growth and human development; the second part is to review the development literature related to this discussion. For this, the evolving development strategies of Sri Lanka and South Korea...

A growth accounting and an econometric exercise are used to provide insights into the evolution of the Taiwanese economy over the period 1966-96. The approach links the GDP function of a multiple sector neoclassical growth model to growth accounting and, subsequently to the estimation of the...