We examine returns to entrepreneurship using a standard measure of welfare, the per capita consumption xpenditure. Using quantile regressions, we find welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the high-test...

The study presents recent global evidence on the transformation of economic growth to poverty reduction in developing countries, with emphasis on the role of income inequality. The focus is on the period since the early/mid-1990s when growth in these countries as a group has been relatively...

Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the$

This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but also portfolio capital flows from CIBS. To...

The rise of the emerging southern economies ? China, India, Brazil, and South Africa (CIBS) ? as both economic and political actors, is having significant and far-reaching impact on the world economy. Notwithstanding the increasing amount of study and research, there are still important...

This paper explores entrepreneurship amongst return migrants, how their business locations and characteristics differ from other businesses, and the implications for rural-urban inequality. First, we examine, amongst returnees, the determinants of investment in a project/enterprise. Second, we...