Showing papers in "Journal of Development Economics in 2003"

TL;DR: In this article, the authors develop a general-equilibrium framework for a small open economy to clarify the analytical and normative issues, and highlight two failures of the laissez-faire outcome: there is too little investment and entrepreneurship ex ante, and too much production diversification ex post.

TL;DR: This paper employed the Geweke decomposition test on pooled data of 109 developing and industrial countries from 1960 to 1994 to examine the direction of causality between financial development and economic growth.

TL;DR: This paper examined the pattern of foreign investment in four developing countries (Cote d'Ivoire, Mexico, Morocco, and Venezuela) and found that foreign plants in these four countries are significantly more energy-efficient and use cleaner types of energy than their domestic counterparts.

TL;DR: This article showed that trade liberalization does not have a simple and straightforward relationship with growth using a large number of trade openness measures for a cross section of countries over the last three decades.

TL;DR: In this paper, the authors investigate how rural Filipino households deal with income and expenditure shocks and find that shocks have a strong effect on gifts and informal loans, but little effect on sales of livestock and grain.

TL;DR: In this article, the authors examined the effect of remittances from abroad on households' schooling decisions using data for El Salvador and found that remittance has a large, significant effect on school retention.

TL;DR: In this paper, a stochastic dynamic programming model with endogenous asset price risk is developed to explore savings and portfolio decisions in a resource-poor environment characterized by risk and subsistence constraints, and optimal portfolio strategies are found to bifurcate, despite divisible assets and fully rational agents.

TL;DR: This paper developed a structural model of infrastructure and output growth that takes account of institutional and economic factors that mediate in the infrastructure-GDP interactions and showed that the contribution of infrastructure services to GDP is substantial and, in general, exceeds the cost of provision of those services.

TL;DR: In this article, the authors examined whether the degree of spillovers from foreign direct investment is affected by the foreign ownership share in investment projects and found that the presence of partially foreign-owned projects is correlated with higher productivity of domestic firms in upstream industries suggesting that domestic suppliers benefit from contacts with multinational customers.

TL;DR: This article investigated the factors that determine the sources of finance for firm-level fixed investment, including retained earnings, bank finance, and government transfers, and found that bank finance was positively linked to both profitability and some types of reform.

TL;DR: In this paper, the donor centralizes the disbursement decision by committing aid to a group of countries and the actual amount disbursed to each individual country would depend on its relative performance.

TL;DR: In this paper, the authors evaluate whether micro-credit programs such as the popular Grameen Bank reach the relatively poor and vulnerable in two Bangladeshi villages using a unique panel dataset with monthly consumption and income data for 229 households before they received loans.

TL;DR: This paper examined the relationship between trade liberalization and informality in Brazil and Colombia, and found no evidence that increased foreign competition in developing countries leads to an expansion of the informal sector, defined as the sector that does not comply with labor market legislation.

TL;DR: In this paper, the authors explore how wealth and inequality can affect self-governed solutions to commons dilemmas by constraining group cooperation and report a series of experiments in the field where subjects are actual commons users.

TL;DR: In this article, the issue of conditionality is first discussed in a moral hazard framework, and then under asymmetric information about the degree of altruism of the government of the South.

TL;DR: In this article, the effects of technological progress and trade on the real wage evolution of skilled and unskilled workers in Mexico's manufacturing industry for the periods 1988-1994 and 1994-2000 were investigated.

TL;DR: In this paper, the authors examined the relationship between fertility and human capital investment and its implications for economic growth, focusing on the effects of declining mortality and emphasized the role of uncertainty about the number of surviving children.

TL;DR: In this article, the authors investigate whether investment and adoption of skill-biased technology have contributed to within-industry skill upgrading in Chilean plants using semiparametric and parametric approaches, and find that some of the increased relative demand for skilled workers can be attributed to capital deepening.

TL;DR: This paper examined the role that land quality and imperfect markets play in generating the inverse productivity relationship in the International Crop Research Institute for the Semi Arid Tropics (ICRISAT) data.

TL;DR: In this article, the authors suggest that an explanation for this well-documented observation lies in the ubiquitous use of regularly scheduled repayments by micro-finance institutions, which indirectly coopt the better-informed informal lenders.

TL;DR: In this paper, the consequences of liberal economic policies on informal wage in a general equilibrium model with formal informal labor markets, wage-differential, vertical linkage and restricted capital movement are investigated.

TL;DR: In this article, the authors examined the impact of declines in adult mortality on growth in an overlapping generations model and found that a decline in mortality affects growth through three channels: first, it raises the saving rate and thereby increases the rate of physical capital accumulation.

TL;DR: In this article, the authors quantified spillovers from high technology imports to domestic imitation and innovation in developed and developing countries, and then considered the contribution of foreign and domestic innovation to growth in per capita GDP.

TL;DR: In this article, the compensating differential for condom use employing data from a random sample of sex workers in Calcutta was estimated, and the relationship between condom use and the price for sex was identified.

TL;DR: In this paper, the authors study whether trade liberalization played any role in shaping the Argentine wage structure during the nineties and test whether those sectors where import penetration penetration deepened are also the sectors where, ceteris paribus, a higher increase in wage inequality is observed.

TL;DR: In this paper, the authors examined the behavioural and welfare impacts of private and public transfers on household level unit record data from South Africa and found that the marginal impact on expenditures are different for public pension received, private transfer received and other resources flowing into the household.

TL;DR: In this article, the authors reestimate the Malmquist index for a group of developing countries using a different definition of technology and find that most developing countries in their sample are experiencing positive productivity growth with technical change being the main source of this growth.

TL;DR: In this article, the authors model the relationship between countries' distance from global economic activity, endogenous investments in education and economic development and show that remoteness depresses the skill premium and therefore incentives for human capital accumulation.

TL;DR: In this article, the authors investigate the separability between household labor demand and supply using panel data and find that separability is rejected overall, indicating that factor markets remain underdeveloped.

TL;DR: In this article, the authors studied the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies and found that the proportion of countries in which this correlation is significant is the same for emerging market as it is for advanced economies using yearly data, and somewhat lower using quarterly data.