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...

This paper presents an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors.  I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher fixed...

This paper provides a theoretical analysis of the relationship between public sector motivation and development. In the model the public sector produces a public good and workers are heterogeneous in terms of public sector motivation (PSM). Wages in the private sector increase with the quality...