The broad objectives of theoretical and empirical research at the Economic Growth Center are to understand the process of economic development and growth as well as the associated changes in economic structure. In particular, an understanding of how policies affect that process is necessary for suggesting policies for promoting development. The research is founded on relevant economic theory (micro and macro) and econometric tools. Empirical studies rely on cross-sectional and intertemporal data on micro decision-making units, such as individuals and households, and aggregates, such as nations, interpreted within suitable economic, demographic, and social frameworks. An increasing share of the research involves the study of the behavior of persons, households, and firms, as revealed in sample surveys, and applies the tools of microeconomic theory and associated statistical tools. EGC Discussion Papers report the results of the research efforts of Center members.

EGC faculty, visiting research faculty associated with the EGC and Ph.D. students on the job market wishing to submit a paper to the series should email a completed submission form with the paper to egc[at]yale.edu.

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Papers from 1988

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Human Capital and Agricultural Productivity Change, Robert E. Evenson

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Seigniorage in Europe, Vittorio Grilli

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A Theoretical Framework for the Analysis of Inflation in the PRC, John C. H. Fei

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On the International Capital Ownership Pattern at the Turn of the Twenty Firth Century, Koichi Hamada and Kazumasa Iwata

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Results of Economic Comparative Statics of Steady- States of Higher-Order Discrete Dynamic Systems, Raaj Kumar Sah

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Fiscal Uncertainty, Informational Externalities and the Welfare Cost of Speculation, Gabriel de Kock and Vittorio Grilli

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Persistence and Pervasiveness of Corruption: New Perspectives, Raaj Kumar Sah

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Socioeconomic Determinants of Fertility in Côte d’Ivoire, Martha Ainsworth

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Technology Production and Technology Purchase in Indian Industry: An Econometric Analysis, Anil Deolalikar and Robert Evenson

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A Proposal for Using Incentive Pre-Commitments in Public Enterprise Funding, Raaj Kumar Sah and Martin L. Weitzman

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Qualitative Properties of Profit-Maximizing K-out-of- N Systems Subject to Two Kinds of Failures, Raaj Kumar Sah and Joseph E. Stiglitz

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Sovereign Debt Renegotiation under Asymmetric Information, Kenneth Kletzer

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Bank Runs in Open Economies and International Transmission of Panics, Peter Garber and Vittorio Grilli

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Food Aid: A Cause, or Symptom of Development Failure or an Instrument for Success?, T. N. Srinivasan

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Tariffs and Saving in a Model with New Families, Charles Engel and Kenneth Kletzer

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An Approach to Modeling Institutional Development, Xiaokai Yang

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Methods for Estimating Value of Time with an Application to the Philippines, Charles C. Griffin

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The Role of Maternal Schooling and Its Interaction with Public Health Programs in Child Health Production, Albino Barrera

Papers from 1987

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Avoiding Speculative Attacks on EMS Currencies: A Proposal, Vittorio U. Grilli and Alberto Alesina

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Fiscal Policies and the Dollar/Pound Exchange: 1870-1984, Vittorio U. Grilli

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U.S. Military Expenditure and the Dollar: A Note, Vittorio U. Grilli and Andrea Beltratti

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Households, Communities and Preschool Children’s Nutrition Outcomes: Evidence from Rural Côte d’Iviore, John Strauss

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Managing Exchange Rate Crisis: Evidence from the 1890’s, Vittorio U. Grilli

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Child Survival, Nutritional Status and Household Characteristics: Evidence from Brazil, Duncan Thomas, John Strauss, and Maria-Helena Henriques

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Population Programs: Measuring Their Impact on Fertility and the Personal Distribution of Their Effects, T. Paul Schultz

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Trade Policy under Endogenous Credibility, Charles Engel and Kenneth Kletzer

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Population Growth and Econombn ic Development, T. N. Srinivasan

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The Issue of Weights in Panel Surveys of Individual Behavior, Jan M. Hoem

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An Economic Theory of Institutional Change: Induced and Imposed Change, Justin Yifu Lin

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Towards the Implementation of the Desirable Rules of Monetary Coordination and Interventions, Koichi Hamada and Shin-ichi Fukuda

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A New Measure of Disparities in Development, Pavel Sicherl

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Economic Development and Traditional Chinese Cultural Values, John C. H. Fei

Fertility and Investments in Human Capital: Estimates of the Consequences of Imperfect Fertility Control in Malaysia, Mark R. Rosenzweig and T. Paul Schultz

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Prosperity and Stability in Hong Kong – A Cultural Approach, John C. H. Fei

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Rural Factors Markets in China after the Household Responsibility System Reform, Justin Yifu Lin

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Household Farm, Cooperative Farm, and Efficiency: Evidence from Rural De-Collectivization in China, Justin Yifu Lin

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Education Investments and Returns in Economic Development, T. Paul Schultz

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Health Policy and Data Quality: The Implications of the Crossover Mortality Debate, Neil G. Bennett

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Saving and Investment in an Open Economy with Non- Traded Goods, Charles Engel and Kenneth Kletzer

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Towards a Model of Development for the Natural Resources Poor Economy, Gustav Ranis

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Supervision, Incentives, and the Optimum Size of a Labor- Managed Firm, Justin Yifu Lin

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The Household Responsibility System Reform in China: A Peasant’s Institutional Choice, Justin Yifu Lin

Papers from 1986

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Credit Markets and Patterns of International Trade, Kenneth Kletzer and Pranab Bardham

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External Borrowing by LDC’s: A Survey of Theoretical Issues, Kenneth Kletzer

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The Role of Institutions in Transition Growth: The East Asian NIC’s, Gustav Ranis

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Advancing Social Research: An Essay Based on Leiberson’s Making It Count, S. Burton Singer and Margaret Marini

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Who Receives Medical Care? Income, Implicit Prices and the Distribution of Medical Services among PregnantWomen in the United States, Mark Rosenzweig and T. Paul Schultz

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Death, Population and Growth, Productivity Growth and Debt Neutrality, Willem H. Buiter

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Economic Demography and Development: New Directions in an Old field, T. Paul Schultz

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Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-Technical Eclectic Introduction, Willem H. Buiter

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Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy, Part I, Willem H. Buiter

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Commitment and the Modern Union: Assessing the Link Between Premarital Cohabitation and Subsequent Marital Stability, Neil G Bennett, Ann Klimas Blanc, and David E. Bloom

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The Stability of Household Production Technology: A Replication, Mark R. Rosenzweig and T. Paul Schultz

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Granger-Causality and Policy Ineffectiveness: A Rejoinder, Willem H. Buiter

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Adjustment Policies in Small Open Economies, Delisle Worrell

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Female First Marriage in East and Southeast Asia: A Kiefer-Neumann Model, Mark R. Montgomery

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Labor Market Participation of Married Women in Bangladesh, Shahidur Khandker

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Managerial Quality in Centralized versus Decentralized Economic Systems, Raaj Kumar Sah and Joseph E. Stiglitz

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The Economics of Town-versus-Country Problems, Raaj Kumar Sah and Joseph E. Stiglitz

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The Value and Allocation of Time in High Income Countries: Implications for Fertility, T. Paul Schultz

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Distributional Consequences of Rural Food Levy and Subsidized Urban Rations, Raaj Kumar Sah and T. N. Srinivasan

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Farmer Education and Farm Efficiency: The Role of Education Revisited, Shahidur Khandker

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Queues, Rations and Market: Comparisons of Outcomes for the Poor and the Rich, Raaj Kumar Sah

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Agency Costs and the Agricultural Firm, James Roumasset and Marilou Uy

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A ‘Gold Standard’ Isn’t Viable Unless Supported by Sufficiently Flexible Monetary and Fiscal Policy, Willem H. Buiter

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Forestry Research: A Provisional Global Inventory, Francois Mergen, M. A. Judd, and J. Putnam

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Black and White Marriage Patterns: Why So Different?, Neil G. Bennett, David E. Bloom, and Patricia H. Craig

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Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks: Fiscal Prerequisites for a VisibleManaged Exchange Rate Regime, Willem H. Buiter

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Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions, Willem H. Buiter

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The Fertility Revolution: A Review Essay, T. Paul Schultz

Papers from 1985

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Analyzing the Determinants of the External Debt Repayment Problems of LDC’s: Econometric Modelling Using a PanelSet of Data, Vassilis Argyrou Hajivassiliou

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Tariffs, Saving and the Current Account, Charles Engel and Kenneth Kletzer

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The Impact of Improved Nutrition on Labor Productivity and Human Resource Development: An Economic Perspective, John Strauss

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A Guide to Public Sector Debt and Deficit, Willem H. Buiter

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Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies, Willem H. Buiter

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Promotion and Mandatory Retirement, Steve Stern

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Schooling, Information and Non-Market Productivity: Contraceptive Use and Its Effectiveness, Mark Rosenzweig and T. Paul Schultz

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What Influences Patters of Women’s Work in Rural Bangladesh?, Shahidur R. Khandker

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School Expenditures and Enrollments, 1960-1980: The Effects of Income, Price and Population Growth, T. Paul Schultz

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Women’s Role in Household Productive Activities and Fertility in Bangladesh, Shahidur R. Khandker

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Economics of Committees, Raaj Kumar Sah and Joseph Stiglitz

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Population and Food, T. N. Srinivasan

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The Invariance of R&D to the Number of Firms in the Industry: Equilibrium and Efficiency under BertrandCompetition, Raaj Kumar Sah and Joseph Stiglitz

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The National Defense Argument for Government Intervention in Foreign Trade, T. N. Srinivasan

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What Affects the Level of Honesty in an Economy, Raaj Kumar Sah

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Agricultural Household Models: A Survey of Recent Findings and Their Policy Implications, Inderjit Singh, Lyn Squire, and John Strauss

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Current Account Policies, Charles Engel

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Firms’ Investment Decisions in Imperfect Capital Markets, Ijaz Nabi

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Price Scissors and the Structure of the Economy, Raaj Kumar Sah and Joseph Stiglitz

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Subcontracting and Industrialization in Developing Countries, Ijaz Nabi

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The Architecture of Economic Systems: Hierarchies and Polyarchies, Raaj Kumar Sah