We investigate factors responsible for low public sector human capital investment in Pakistan. The debt servicing burden coupled with a rising debt stock can impact on human capital expenditure. To account for this, a Debt Net Cost Index is developed to measure the evolving net cost of public...

This article analyses credibility and reputation in the context of peace negotiations. The model is applicable to the credibility of peace agreements in post-conflict situations in the immediate aftermath of civil war, where there is a danger of conflict breaking out again. The analysis is...

Reducing or writing off the debts of the 41 heavily indebted poor countries (HIPCs) can potentially reduce social conflict by releasing resources from debt-service to enable governments to make fiscal transfers that lower the grievances of rebels (when conflict is partly rooted in grievances...

Two phenomena have been recently utilized to explain conflict onset: greed and grievance. The former reflects elite competition over valuable natural resource rents. The latter argues that grievance fuels conflict. Central to grievance are concepts of interethnic or horizontal inequality....

The relationship between an economy's financial sector and the occurrence and resolution of conflict may at first sight appear tenuous. Banking systems, financial regulation, and currency arrangements do not appear to be relevant in understanding why nations collapse or why people kill each...

This paper constructs a macroeconomic model of North-South interaction where the flow of narcotics from the South to the North is restricted. The economic effects are akin to quantitative restrictions in trade policy. Two alternative policy scenarios will be considered. One involves reducing the...

We examine the impact of increased trade on wage inequality in developing countries; whether higher human capital stocks moderate this effect. We find countries with a higher level of initial human capital experience less increased wage inequality following increased trade.

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