The purpose of this paper is to provide empirical estimates of the revenue impact of Indian income tax amnesties between 1965 and 1993. A theoretical framework in a companion paper examines the role of amnesties in allowing taxpayers to launder assets accumulated by past tax evasion. Based on...

The troublesome debts of a number of developing Countries have spawned a large literature on why countries borrow, on what debt contributes to growth, on why countries repay, and on how existing debt should be dealt with. This paper provides a basic introduction to some issues in sovereign debt....

Trade intensities and net exports earnings are analyzed in terms of the firm size, foreign shareholding, R&D, technology import, and the global size, nationality & research intensity of foreign collaborator. For pharmaceutical firms in India we find no favorable effects of large firm size or...

The purpose of this paper is to analyze the determination of wage rates in a setting where the health capital of labor accumulates over time. Our conclusions are (1) the efficiency wage in a dynamic framework exceeds the static wage rate and (2) there is a possibility of multiple steady state...

Recent empirical papers dealing with the debt crisis and its impact on the rate of investment (especially the private investment to GDP ratio) report conflicting results. However, none of the studies account for the fact that the market for investment loans may not have been in equilibrium. This...

Using the cointegration technique, this paper assesses the impact of Japanese deregulation in the 1980s on the degree of integration of Japanese money markets and the overseas money market. There was found a cointegration relationship post-April 1984 and synchronization or co- movement between...

Recent studies on structural adjustments in LDCs highlight two results. First, intensive adjustment lending countries performed better than non adjustment lending countries during the late eighties (judged by many performance indicators, of which growth in real GDP is the most important...

Comparative static effects of varying the wealth level of a risk averse agent in a moral hazard setting with limited liability constraints are investigated. There are two principal opposing effects of increasing wealth: the incentive effect which allows stronger punishments for poor performance,...

This paper uses the results of a household survey conducted in Cairo, Egypt in 1 992 to examine the factors that influence the demand for inpatient and outpatient health services. Multi-stage discrete choice models of the demand for health care, which identify the importance of individual,...