Cross-national regressions reveal abnormally low agricultural workforce shares, given GNP, in developing countries that had historically concentrated land into large capital-intensive farms. We argue that such deagriculturalisation was premature, since its concomitant labour shedding has...

Panel data on 788 modern sector Indian firms during 1965-78 are used to analyse the link between the size of a firm and its financial environment. Exogeneity tests reveal that large firms with improved investment prospects could obtain external finance at the margin, but that small firms could...

Household survey data for developing and transitional economies are used to estimate the effect of fertility (crude birth rate net of infant deaths) on private consumption poverty. Cross-national regressions indicate that higher fertility increases poverty both by retarding economic growth and...