This paper constructs a model of the transfer paradox for a small open economy with nontraded goods. It demonstrates that increased production of nontraded goods can change their domestic price so as to offset the otherwise beneficial effect of aid and, under certain conditions, to create a...

The following section are included:IntroductionModel of Principal and AgentMethods of Fighting Corruption and Relevant EvidenceConclusionsAcknowledgmentsReferences

Purpose – To formalize and test the hypotheses that economic and political inequality tend to lower the quality of public education and thereby the overall quality of education in developing countries. Design/methodology/approach – The paper uses both international cross‐section data and...

This paper investigates the role of civic engagement, an important form of social capital from the supply side, in buffering the adverse effects of challenging life circumstances in three key domains-employment, marriage, and health-on individual subjective well-being, specifically in terms of...