Consistent with real option theory, the authors argue that the value of the Employment Guarantee Scheme (EGS) in rural India and its impact on workers' behavior does not depend so much on its income supplementation as on enlargement of opportunities in the uncertain local labor market. The...

Within a theoretical framework, the author analyzes the effects that both workers' remittances and financial intermediation have on economic growth. It is found, among other things, that remittances can have significant positive long-run effects on growth. The author confronts the implications...

Most of the empirical studies that analyze the impact of corruption on investment have three common features: they employ country-level data on investment, corruption is measured at the country level, and data for countries from several regions are pooled together. This paper uses firm-level...

Recent developments in economic integration show rather diverse patterns of integration in the world economy. Some countries remain predominantly in the low-tech industries whereas other countries succeed in becoming competitive in high-tech industries as well. The authors postulate that a...

Gender inequality and the lack of gender development are major problems in developing countries. Neoclassical economics has generally argued that economic development will greatly enhance gender development. However, more recent work has emphasized the role of institutions. In this paper, a...

The authors explore the implications of buyer concentration in markets for primary commodity exports of developing countries. Simple partial equilibrium models of monopsony and oligopsony show that the best available policy for the exporting country may be to tax exports so as to extract some of...

By bridging the gap between the strategic model of sanctions and the public choice framework of sanctions, the authors introduce a new sanctions game. Contrary to an earlier finding, they show that the partial compliance of the target country, along with mild sanctions, are not only an...

The authors investigate factors that may affect the exportability of Korean films released from 1996 to 2002. They employ a binary probit model to test the exportability. The findings indicate that the number of screens, action genre, and year dummies of 2000 and 2001 are important determinants...

A simple monetary model is built to illustrate that the pegged exchange rate system will collapse under an unstable external environment via the balance sheet contagion and the "boiling frog" effect, even if the domestic policy and the fundamentals are sound. If agents anticipate this happening,...

The authors consider the absolute income effect and several relative income effects on happiness. The latter include both a longitudinal comparison, which consists of both upward and downward comparisons, and a parallel comparison with individuals of similar traits. It is found that the...