In the development economics literature it is common to read that the poor cannot invest to escape their poverty because they are credit constrained, and that they are credit constrained because they lack collateral. In this paper the author deconstructs these often heard arguments and finds...

In the development economics literature it is common to read that the poor cannot invest to escape their poverty because they are credit constrained, and that they are credit constrained because they lack collateral. In this paper the author deconstructs these often heard arguments and finds...

What exactly is 'economic marginalization'? How should one conceptualize it, and what are the implications of such conceptualization? Economic marginalization can be conceptualized as outcome or as process (or structure). On outcomes, marginalization can be a static description, or a dynamic...

Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to the basic theory of the minimum wage. First, we analyze the effects of a higher minimum wage in...

Funds generated through community forestry offer crucial and significant resources for rural in Nepal. This study examines forestry funds in 100 communities in three districts to assess how large they are and how they are utilized. The study finds that the income from community funds increases...

Ironically the poverty situation, as reflected in the official statistics, depicts a rather contrary scenario with dryland regions having lower incidence of poverty despite their adverse agro-climatic conditions vis-à-vis the forest based regions. Understanding these dynamics is very important...

This paper provides a robust normative evaluation of the spectacular growth episode that India has experienced in the last 15 years. Specifically, the paper compares the evolution, between 1988, 1996 and 2001 of the distribution of several individual attributes on the basis of ethically robust...

Good empirical analysis of the intergenerational transmission (IGT) of poverty is challenging. This note clarifies this challenge and possible contributions by considering: (1) what estimated relations would be informative for improving understanding within an intergenerational life-cycle...

This paper addresses the following question: why are we still arguing about globalisation? It analyses the recent evolution of debates relating to the impact of globalisation on poverty and economic growth in developing countries. A stock-take of selected cross-country econometric research is...