This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment ...

The dream of equality is as old as the human history. Humans have been deceived in the name of equality time and again. The evolution of civilization could not present an answer. The world kept on ...

The controversy surrounding the proposed shift in the population baseline has diverted attention away from other new criteria for redistribution such as ‘efforts and progress made in moving towards ...