To explore the mixed economic results and huge distributional changes experienced by post-Soviet economies, I set up a series of theoretical and numerical simulation models using an approach based upon heterogeneous firms, where 'reform' means closure of inefficient capacity. In the presence of...

This paper attempts to provide an economic model in the context of developing countries to address the policy strategies related to poverty reduction. With a view to deal with the shortcomings of the existing approaches as regards poverty reduction, this paper develops a model on the basis of...