This article reappraises the financial repression hypothesis for India in light of the partial liberalization of the financial sector in the early 1990s, using for the first time state-of-the-art multivariate cointegration and vector error correction models (VECM). From this more robust testing...

Despite policies targeting scheduled castes (SC) and scheduled tribes (ST), there remain large disparities of living standards between SC/ST and non-SC/ST households in India. The SC/ST households may be poorer because they possess lower human and physical capital, but they may also earn lower...

This article estimates the relationship between changes in industrialization and changes in social networks measures in Indonesia during 1985-97 using repeated cross sections of nationally representative surveys. The authors analyze a rich set of social interaction measures, including various...

Using panel data on micro enterprises from Peru the authors find evidence suggesting that firm dynamics explain "formality", where formality is recast as the firm's decision to participate in societal institutions. The results suggest that differences in unobservable factors, such as...