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institutional quality such that, the institutional downside of development assistance maybe questionable when greater domestic … institutional development has taken place. Based on the hypothesis of institutional thresholds for foreign aid effectiveness, the … perilous character of development assistance to institutional quality is broadly confirmed in 53 African countries for the …
Persistent link: https://www.econbiz.de/10011258764
policy recommendation, the role of sound political institutions is crucial for financial development in Africa. Democracies … stock market development in the African continent. Originality/value – To the best of our knowledge this is the first paper … plagued many African countries and continue to pose a significant threat to financial market development. …
Persistent link: https://www.econbiz.de/10011260105
This paper puts figures to the facts of Eubank (2012), a recently celebrated paper in the Journal of Development … dataset is disaggregated into fundamental characteristics of African development based on income-levels, legal origins … law countries of the continent, we cannot conclude on its validity for other fundamental characteristics of development …
Persistent link: https://www.econbiz.de/10011264809
development. We postulate that when moment conditions of stock market performance are accounted for, democracy improves financial …
Persistent link: https://www.econbiz.de/10009402072
institutional development. In late 19th-century China, elites were afraid of the introduction of Western science and engineering and …
Persistent link: https://www.econbiz.de/10009415848
updated data(1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption …
Persistent link: https://www.econbiz.de/10009647201
academic debates. This paper partially negates their criticism of the mainstream approach to the aid-development nexus. Using … updated data(1996-2010) from 52 African countries we provide robust evidence of a positive aid-corruption nexus. Development …
Persistent link: https://www.econbiz.de/10009647255
Purpose – The purpose of this paper is to assess the aid-development nexus in 52 African countries using updated data …(1996-2010) and a new indicator of human development(adjusted for inequality). Design/methodology/approach – The estimation … that development assistance is detrimental to GDP growth, GDP per capita growth and inequality adjusted human development …
Persistent link: https://www.econbiz.de/10009647294
The 'Washington Consensus' analysis and policies are being disputed both analytically and for their effectiveness.This paper surveys first the debate on the definition of the 'Washington Consensus' vis-a-vis its apparent developmental shortcomings. Then it surveys the major areas where the...
Persistent link: https://www.econbiz.de/10008476370
This paper integrates two main strands of the aid-development nexus in providing additional information as to why … institutional benchmarks (thresholds) matter for the effectiveness of aid in institutional development. Using seven government …-control and democracy), we provide a thorough assessment of the aid-development nexus when existing institutional development …
Persistent link: https://www.econbiz.de/10011108935