A comparative-static model describes the decline of manufacturing in the face of rising overseas employment through a mechanism other than the Dutch Disease. Instead it is competition for skilled labour and the relative ease in producing skills that affect the size of the manufacturing sector,...

In order to measure the intrinsic effect of schooling on wages for adolescents and young adults from four villages in rural Guatemala, this paper estimates different wage specifications that have been suggested in the human capital literature. Successively accounted for are potential sources of...

Documentary evidence of the emergence and the eventual complete dominance of the Chinese mercantile traders (Sangleys) during the Spanish colonial period in the Philippines is first presented. We identify the critical traits in the Sangley mercantile genome and the new contractual and...

Moral is a proverbial hidden variable in models of social games. Its importance is unquestioned but it ordinarily defies operational definition. We attempt here to parameterize its role and trace how it impacts on social production and welfare in a Nash-like bargaining games. Synergy is...

While education is universally held to enhance a child human development, policies must still contend with parental biases. Here, we investigate if school attendance of young household members aged 6-12 years old varies with their kinship ties to the household heads in the Philippines. Applying...

Implementable linear programming models have been developed for the allocation of family planning resources in developing countries. These models minimize births over a planning horizon subject to resource constraints. This choice of the objective function leads to nonpositive shadow prices,...

The recent decades have observed a new surge of invest in an important role for small- and medium-sized firms to play in economic development. They not only offer greater employment opportunities but can also be a potential source of indigenous industrialization. The present paper argues that...

This paper defines an aggregate demand function based on portfolio balance with three assets (money, bond and equities) and an aggregate supply function derived from the supply behavior of a representative price-setting firm. The money wage is endogenous but the usual result is a short-period...