Purpose – Recent research supports the role of productive government spending as an important determinant of economic growth. Previous analyses have focused on the separate effects of public investment in infrastructure and on investment in education. This paper aims to introduce both types of...

Purpose – The purpose of this paper is to provide a theoretical explanation for the empirical observation that the relative migration of unskilled (skilled) labor tends to occur from developing economies that are relatively unequal (equal). Design/methodology/approach – Wealth inequality is...

Purpose – The purpose of this paper is to provide a robust normative evaluation of the recent evolution of Indians' exposures to health‐related risks. Design/methodology/approach – The paper compares empirically the distributions of individuals' risks of death in India on the basis of new...

Purpose – The purpose of this paper is to investigate conditions under which voters’ comparison of relative performance between adjacent jurisdictions can help reduce rent‐seeking by politicians. Design/methodology/approach – A theoretical model was developed to examine the effectiveness...

Purpose – There has been a period of slow but a steady increase in wage inequality in the Indian manufacturing sector since the mid‐1980s, which has gone hand‐in‐hand with an increase in the relative employment of skilled workers across all industries in the same period. The purpose of...

Purpose – The human development index (HDI) and gender‐related development index (GDI) have become accepted as leading measures for ranking human well being in different countries. The purpose of this paper is to identify the planning policies that improve these indices and to also suggest...

Purpose – The purpose of this paper is to provide a theory that can explain the persistence of inequality in an economy where household agents are identical in terms of their preferences and have access to the same production technology. Design/methodology/approach – An overlapping...

Purpose – The purpose of this paper is to examine the impact of transaction costs on economic welfare and development, and the role of information technology (IT) in reducing transaction costs. Design/methodology/approach – The paper extends the static model of Romer, in which transaction...

Purpose – The purpose of this paper is to explore whether India is a suitable candidate for an inflation targeting regime. It begins by placing India's monetary policy actions in a broader context by discussing whether the Reserve Bank of India (RBI) should shift from its current policy of...

Purpose – Recent research supports the role of productive government spending as an important determinant of economic growth. Previous analyses have focused on the separate effects of public investment in infrastructure and on investment in education. This paper aims to introduce both types of...