From a poststructuralist perspective tracing the relation between words and meanings, the paper discusses the implicit assumptions of the concept of "development". It argues that the concept has Eurocentric, depoliticising and authoritarian implications which can not easily be eliminated by...

In an economy where different agents undertake simultaneous and interdependent investments, this paper models the possibility that the outcome where some players invest and others do not invest is sustained in Nash equilibrium. It is well known that in models where all goods are financed through...

In most literature it is particularly argued that the dichotomous basis of urban and rural definitions has many features that state rural areas as existing along a continuum within which individuals, households, communities and institutions distribute themselves. One important character of...

Correlation is a common metric used in portfolio management. It describes the relative movement of two streams of data, allowing inference of how one will behave given the movement of the other. Often a significant correlation relationship (whether it be uncorrelated, positively correlated or...

Correlation is a common metric used in portfolio management. It describes the relative movement of two streams of data, allowing inference of how one will behave given the movement of the other. Often a significant correlation relationship (whether it be uncorrelated, positively correlated or...

Ever since Max Weber (1930) uncovered the cultural origins of capitalism, a common denominator for explanations of economic development is that "individualistic values" provide a more favourable background for promoting the wealth of nations. This paper investigates the impact of individualist...