We extend the Okada & Samreth (2012, EL) and Asongu (2012, EB) debate on ‘the effect of foreign aid on corruption' by: not partially negating the former's methodological underpinning (as in the latter's approach) with a unifying empirical framework and; broadening the horizon of inquiry from...

Are formal institutions instrumental in the effect globalization mechanisms have on the human face? If so, through which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure financial liberalization (KAOPEN) has a positive...

The aim of this study was to explain the determinants of Moroccan migrants return to their home country. We will use for it a very original database of migrants from Morocco. Using a probit model, our results show that some migrants have a higher propensity to return back to their home country...

Although several studies have found a negative relationship between government spending and entrepreneurship, much debate remains regarding the components of government spending responsible for this association. We contribute to the literature by specifically exploring the relationship between...

In spite of the high growth that Africa has experienced in recent years, poverty, inequality and unemployment remain high, indicating lack of inclusion in the development process and its outcomes. But poverty, for example, can be reduced at a faster rate when inclusive growth strategies are...

This paper uses a unique dataset to investigate the effect of the cognitive ability of leading politicians on state capacity. Given the evidence that cognitive ability of leading politicians’ affects state capacity positively, except Africa. For the continent, this relationship between state...

Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...

We document the immediate and permanent impoverishment effect derived from the pure accounting of cutting government expenditure. We calculate the size of this effect for European countries during the fiscal consolidation occurred in 2008-11 and for the next 20 years. The results suggest that...

We use recent German survey data for over three decades to analyze long-run trends in occupational segregation. Following the methodology of Blau et al. (2013), we show that segregation decline for both women and foreigners in Germany, if we use a given ISCO classification over time. However,...

This paper examines the distribution of the Lagrange multiplier test, LM test, and focuses on what factors affect the distribution of the LM test estimator. It is worth noting that due to Chi-square distribution properties, the degree of freedom depends not only on the lagged-number of...