Peace came accompanied not only by the end to the human drama associated with the conflicts, but also by a significant economic dividend, a much needed development in a region where per capita gross domestic product (GDP) had stagnated between 1970 and 1990 and where two countries (El Salvador...

The main contributions of this paper are to introduce growth into a crisis framework and to derive the contingency plans for consumption and investment in a manner consistent with the stochastic nature of the state of the economy. The conclusion is that expected deviations from trend in the...

This article studies the evolution of the private saving rate in India during 1960-95. Its distinctive feature is that it proposes three new measures of private saving, which are incremental improvements to the national accounts measure. After examining descriptive trends and reviewing the...