This paper exploits unique data that permits the matching of students` test scores in different subjects to the teachers that teach those subjects. Within-pupil (across-subject, rather than across-time) variation is used to examine whether the characteristics of different subject teachers are...

The appropriate stance of monetary policy during speculative attacks has been the source of much controversy. According to the `traditional view`, a tighter monetary policy is necessary to discourage the outflow of capital, and thus prevent the exchange rate from depreciating. The `revisionist...

This paper uses the pooled mean group estimator and an extended annual dataset to examine the effectiveness of aid on growth. The results indicate a significant long-run impact of aid on growth, but conditioning aid on `good` policy reduces the long-run growth rate.

Using a stochastic sequential game in ergodic equilibrium, this paper models limit order book trading dynamics. It deduces investor surplus and some agents` strategies from depth`s stationarity, while bypassing altogether agents` intricate forecasting problems. Market inefficiency adjusts to...

Switching costs and network effects bind customers to vendors if products are incompatible, locking customers or even markets in to early choices. Lock-in hinders customers from changing suppliers in response to (predictable or unpredictable) changes in efficiency, and gives vendors lucrative ex...

In 1987, World Development published a supplement entitled `Development Alternatives: the Challenge of NGOs`. Although this challenge now seems far more complicated, this paper suggests one way of giving meaning (and possibility) back to the juxtaposition of `development alternative` and NGOs....

Nutrition and health are important dimensions of human well-being. Both aspects are complementary to income and deserve attention in its own right. However, there is an interrelationship between economic development and nutritional status which this study aims to investigate. We use a...

Differential labour market returns to male and female education are one potential explanation for large gender gaps in education in Pakistan. We empirically test this explanation by estimating private returns to education separately for male and female wage earners. This paper contributes to the...

Drawing upon data from Ethiopia, we highlight the relationship between investments in child schooling and key factors related to household characteristics, supply and quality of schooling, and income shocks. The unique contribution of this study stems from our examination of the effect of...

Recent evidence from Pakistan points to significant pro-male bias within households in the allocation of education expenditures. This raises two important questions: Is less spent on enrolled girls than boys through differential school-type choice for the two sexes, for example through a greater...