We propose a framework for understanding the business group, a hybrid organizational form that occupies the middle ground between firm and market and is a prominent feature of emerging economies. These organizations are characterized by varying levels of diversification and integration. We...

Although development economics generally confines its attention to the last 60 years, there is a growing body of research that looks back centuries and tries to determine if the events in the long past are responsible for underdevelopment of today’s developing countries. Broadly speaking,...

In this article we construct a network of roads connecting large Indian cities and we evaluate this network’s overall performance. We consider a model where the production efforts of connected cities are strategic complements, and we relate the equilibrium effort proï¬le to a well known...

By drawing on neurological and psychological theories of learning, our study introduces a new conceptual framework to analyze the role that learning plays in knowledge and skill acquisition. Learning is modelled through four mechanisms defined as individuals’ participation in formal,...