Assessing the economic development of Latin America during the twentieth century requires reliable estimates of living standards as measured by per capita income, life expectancy, and literacy. New comparable series for Latin America suggest that these three indicators made the greatest strides...

This paper presents unique evidence that orphanhood matters in the long-run for health and education outcomes, in a region of Northwestern Tanzania. We study a sample of 718 non-orphaned children surveyed in 1991-94, who were traced and reinterviewed as adults in 2004. A large proportion, 19...

GARCH models are commonly used as latent processes in econometrics, financial economics and macroeconomics. Yet no exact likelihood analysis of these models has been provided so far. In this paper we outline the issues and suggest a Markov chain Monte Carlo algorithm which allows the calculation...

How well did Kenyans do under colonial rule?  It is common sense that Kenyans suffered under exploitative colonial policies.  The overall impact, however, is uncertain.  This study presents fresh evidence on nutrition and health in colonial Kenya by (1) using a new and comprehensive data set...

Estimating the covariance and correlation between assets using high frequency data is challenging due to market microstructure effects and Epps effects.  In this paper we extend Xiu's univariate QML approach to the multivariate case, carrying out inference as if the observations arise from an...

This is an attempt to view the relationships involving education and income as forming a system, and one that can generate a poverty trap.  The setting is rural China, and the data are from a national household survey for 2002, designed with research hypotheses in mind.  Enrolment is high in...

Econometric analyses of European datasets suggest that income aspirations increase with current income.  This finding is consistent with the adaptation hypothesis - the notion that individual aspirations adjust to reflect personal circumstances and living conditions.  We add to these existing...

Panel data on 54 developing countries between 1960 and 2000 are used to investigate how the impact of opening to trade on economic growth is affected by wealth inequality.  The results suggest (a) that opening to trade tends to accelerate growth but (b) that the addition to growth depends...

The study presents recent global evidence on the transformation of economic growth to poverty reduction in developing countries, with emphasis on the role of income inequality.  The focus is on the period since the early-mid-1990s when growth in these countries as a group has been relatively...

Using a specially designed lab-type experiment conducted in the field, we compare the willingness of head teachers, centrally appointed public servants, and community representatives to hold Ugandan primary school teachers to account.  We find no difference in the willingness of centrally...