Liberia has been the victim of 14 years of civil war due to which GDP experienced a downfall by over 90% making the economic growth process halted. This paper traces the extent of Liberia’s collapse, and examines the patterns of post-conflict recovery as a model which can be followed by other...

This paper analyzes the implication of employment protection legislation on a firm's screening process. We present a model in which human-capital-intensive firms (high-tech) with imperfect information about their workers' type attempt during a trial period to identify those incompetent workers...

This paper aims at analyzing the effects of corruption on investment and growth in 15 Middle East and North African (MENA) countries during the period 1985-2013. We used the International Country Risk Guide (ICRG) corruption index and we conducted a panel cointegration analysis and Granger...

The aim of this paper is to investigate the dynamic relationship between corruption, investment and economic growth in Tunisia within a multivariate framework. In the empirical section we use data span from 1976 to 2013 and we perform a vector error correction model and cointegartion technique...

The literature highlights the role of finance in growth. There is evidence on the connection (correlation and causalities) between deeper finance (banking and non banking) and growth. We ask if some countries achieve better results, in terms of growth, with comparable levels of finance. To...

This paper studies the long and short-run relationship between oil exports, non oil GDP and investment in five major oil exporting countries. Its goal is to verify the effect of natural resources exports on the economic performance. It considers the effect of cross sectional correlations and...

The collapse of the communist system during the late 1980’s redefined the hierarchy among Central and Eastern European Countries (CEECs) and the former USSR. Some of these countries joined the EU ; some did not ; others formed the CIS . In particular, institutions, mainly market and political...

This paper studies the role of education as a way of reducing private rent seeking activities and increasing output. In many underdeveloped economies, for most individuals, there is no private return to education. Nonetheless, according to this paper, governments are better off by investing in...