Two forms of “hidden” child labor – housework and family business work – are studied for 178,000 children in 16 African and Asian countries. About 30% of African children and 11% of Asian children work over 15h a week in hidden child labor. Girls are more involved in housework and boys...

In this paper, we propose an empirical model based on the heterogeneous agents literature. Price changes are induced by fundamental, technical, and international factors. The model is estimated for Hong Kong and Thailand surrounding the Asian crisis. We find that the three sources are relevant...

In his article ‘Institutions and Economic Development: Theory, Policy and History’, Ha-Joon Chang rightly argues that historical evidence does not irrefutably suggest that countries characterized by free markets perform better than those in which the state plays a much more prominent role....

We develop and estimate a dynamic heterogeneous agent model for the EMS period. Our empirical results suggest that the existence of heterogeneous interacting agents is indeed a possible explanation for the dynamics of exchange rates during the EMS. We find strong evidence of heterogeneous...

We use measures of trade-related corruption to investigate the effects of corruption on international trade and compare the results with those of corruption in general. We distinguish corruption in an exporting economy from that in an importing economy. Both distinctions appear to be important....

We study the number of hours children in Africa and Asia are involved in paid child labor on the basis of a newly developed database with information on 169 000 children living in 16 countries. The proportion of involved children varies between 1 and 8 per cent, with generally lower figures in...

We estimate a dynamic heterogeneous agents model for the British pound during the European monetary system crisis. We illustrate the chain of events leading to the suspension of the pound from the exchange rate mechanism in terms of switching beliefs, from fundamentalist to chartist.