This research uses logistic regression to determine whether a parent (father or mother) and a child are substitutes or complements in the family labor supply decision in Bangladesh. We look separately at models for children's market work and children's household work. For market work, we test...

Many economists believe that federal government's budget deficits result in higher interest rates. This increase in interest rates can stifle private investment and impede the real rate of economic growth for the economy. This paper examines the potential impact of federal budget deficits on...

Using a standard demand--supply model, this study investigates the relationship between foreign participation in the equity market and stock prices, incorporating the effects of inflation and the demographic structure. The results show that while foreign participation in the equity market and...

The primary justification for subsidizing Microfinance Institutions (MFIs) is their enhancement of social welfare by extending credit to the poor households. Therefore, recent emphasis on their financial self-sufficiency has created concern, that this may adversely affect the mission of social...

This study presents an empirical analysis of the cost efficiency of a sample of microfinance institutions (MFIs) operating in Bangladesh. These MFIs substantially vary in size and can also be characterized by their affiliation with donor and funding agencies. Therefore, the measurement of their...