In the extant literature either income or consumption expenditures as measured over short periods of time have been regarded as a proxy for the material well-being of households. However, economists have long recognized that a household's sense of well-being depends not just on its average...

China and India have successfully integrated into the world economy. Once specialised in textiles, they have developed new export-oriented sectors linked to the information and communication technology (ICT), taking advantage of the globalisation process which has enlarged access to new...

The paper compares the economic performance of China and India during the period of their ongoing reform policies. It develops a new measure of development, namely, a development quality index (DQI), to compare performance of China and India. The results show that national-level development...

China and India have both sought control over the exchange rate in order to maintain export competitiveness, manage current account balance, and pursue independent monetary policy. In this paper, we examine structural change in the Chinese and Indian de facto exchange rate regimes, focusing on...

The comparison of the periods of rapid economic growth in China since 1978 and India since 1992 markedly show different patterns of development and structural change. However, both countries experienced some advantages of "relative economic backwardness" and some aspects of the "fordist model of...

Four historical macro phenomena of development ask for an explanation: the slow increase of welfare in Western Europe from the Middle Ages up to the publication of the Wealth of Nations, rapid modern economic growth in Europe and its transoceanic ofshoots following the industrial revolution, the...

This note tries to apply two versions of Sah and Stiglitz's "The Architecture of Economic Systems: Hierarchies and Polyarchies" model (SandS) to highlight some important differences between the development paths of India, the largest democracy, and China, the largest of the few remaining...

This paper examines pay inequality in Turkish manufacturing annually from 1980 to 2001. Using the between-group component of Theil's T statistic, we decompose the evolution of inequality by geographic region, province, sub-sector and by East-West distinction both for private and public sectors....

This paper investigates the role of governance, in particular bribes to tax officials, in shaping business tax compliance behavior in transition economies. The empirical results show that business noncompliance rises with the frequency of tax related bribes. More specifically, the findings from...

This paper analyses the convergence process of inequality in income among five Balkan countries in the 1989-2008 period. This study is carried out in comparison with the situation in the European Union of 27 countries. The originality of our approach is to consider the convergence of countries'...