As a sub-Saharan country, Mauritius has been branded a success story in terms of its sustained economic growth performance, with major improvements in the living standards of its population at large over the past few decades. This paper has the objectives of revisiting this success story,...

As a sub-Saharan country, Mauritius has been branded a success story in terms of its sustained economic growth performance, with major improvements in the living standards of its population at large over the past few decades. This paper has the objectives of revisiting this success story,...

We present a theory of the emergence of laws restricting child labor or imposing mandatory education that is consistent with the fact that poor parents tend to oppose such laws. We find that if altruistic parents are unable to commit to educating their children, child-labor laws can increase the...

With all the talk in Europe about “Islam” and “Muslim culture” it is surprising how little hard-core empirical evidence exists on the compatibility of “Muslim culture” with positive patterns of political, social, and ecological development in the world system in the 1980s, 1990s, and...

This paper, incorporating public goods into a two-country Diamond overlapping generations model, shows the existence of a transfer paradox. Governments supply public goods, in addition to imposing a tax on workers and issuing government bonds. In the short-run, only a weak paradox can occur, but...

This paper surveys the recent literature analysing fiscal deficit sustainability, most of which focuses on the U.S. and other industrial countries, in an attempt to assess its potential usefulness in the developing country context. Both the accounting approach and the present value constraint...