We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and continuous labour supply (leisure consumption) choice models. In the discrete models taxes induce a large response from a subset of the population, while the majority of the population...

This study examines the economic conditions of households in terrorism-affected areas. It employs inequality measures such as the Gini coefficient and Lorenz curve and tests hypotheses using analysis of variance. The study also evaluates the poverty headcount, poverty gap, and poverty severity....

Primary survey data of Indian M&A transactions were used to test the hypotheses on latent risk factors. A structural equation model (SEM) model was estimated to assess the composite risk factors considering financial, non-financial, and sustainability risks. The results reveal that reforms in...

A surprising cross country stylized fact is that a higher public spending on education tends to lower the long run per capita growth rate and schooling returns. This is contrary to the conventional wisdom that education is a major driver of growth. In this paper, we revisit this issue and try to...

We construct a CGE model of Thailand in order to assess economy wide impacts of reforms in the value added tax (VAT) and corporate income tax (CIT) on welfare and reallocation of resources across production sectors in the Thai economy. Our model was calibrated to the micro consistent benchmark...

The study applies a multi-sector multi-household static general equilibrium tax model to assess economy-wide impacts of taxes in Vietnam. It examines two tax reform scenarios based on the tax reform plan proposed by the Vietnam Ministry of Finance. The first scenario is increasing 20% from the...

A Venn diagram is used to show the efficient allocation of resources in terms of the core of Shapley-Shubik games and general equilibrium models. These concepts are applied to study the role of real finance in growth with and endogenous, cash in advance, money in utility function and applied...

Goods and service tax (GST) introduced as a ‘good and simple tax’ on 1 July 2017 by the Modi government is the boldest measure of tax reform so far in India. The major aim of this paper is to evaluate the micro and macro impacts of the goods and services taxes (GST) using a dynamic...

The panel data analysis for labour productivity convergence across provinces and sectors in China shows existence of unconditional and conditional convergence among them. While the human capital is found to have positive and significant effects on growth rates of sector-wise productivities, the...

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution for speedier economic growth and development as the major political parties are still struggling to institutionalize the new political framework set up by the new...