The paper presents a theoretical model with bureaucratic corruption where bribe income can leak out of an economy. In such an economy given its perception about the extent of leakage the government sets the price of public services required for entrepreneurship by maximizing the welfare of the...

Most developing countries are characterized by large informal sectors, which are plagued by low productivity and other serious problems. This paper suggests a three-ford remedy for formalizing the large informal sector: formalization of property rights, alleviation of corruption and...

The paper presents a theoretical model with bureaucratic corruption where bribe income can leak out of an economy. In such an economy given its perception about the extent of leakage the government sets the price of public services required for entrepreneurship by maximizing the welfare of the...

It is hypothesized that pursuit of human happiness is carried out through adaptive change in utility functions by drawing lessons from, in an ex-post manner, the effect of short run utility maximizing choices on utility possibilities. A reference frame for future research is designed to check...

This paper looks at rural infrastructure facilities in India, the lack of which is demonstrated to be an impediment to sustained economic development. It is argued that problems of rural infrastructure provision are different from those of the urban, given the smaller size, density and per...

Aa framework for the analytical treatment of terrorist problems is suggested and then brings out the importance of financial and socio-economic factors. The framework classifies the various causes of terrorism into necessary, precipitating, facilitating and perpetuating factors [WP 10]

Effective relations between states and business have been increasingly identified as an important institution for sustaining economic development. This paper constructs quantitative indices measuring the quality of state–business relations (SBRs) across Indian states in the 1985–2008 period....

Since the empirical evidence about the relation between higher salary and corruption in a bureaucracy is ambiguous, the paper theoretically explores the relation between the two. It constructs a model where at the initial equilibrium both the honest and corrupt bureaucrats coexist and shows that...