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Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
is affected by the financial infrastructural development indicators? We find evidence in favor of a short run “financial … infrastructure led economic growth”. Finance is found to be a leading sector only in the short-term link in Granger causality tests …
Persistent link: https://www.econbiz.de/10005260232
, which focuses on how democracy, polity and autocracy affect financial development dynamics of depth, efficiency, activity … in the following. (1) Authoritarian regimes have a higher propensity to effect policies that favor the development of … but less significant effects in comparison with autocracy on policies towards financial development. (2) Christian …
Persistent link: https://www.econbiz.de/10009402046
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
The paper provides the overview of the ideas on the sources of finance for development which were widely discussed by … international community before the crisis in order to achieve the Millennium Development Goals. This set of ideas remains the …
Persistent link: https://www.econbiz.de/10008516584
Financial development indicators are often applied to countries/regions without taking into account specific financial … development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development … context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD …
Persistent link: https://www.econbiz.de/10009021966
Microfinance has, by now, reached a total of over 60% of all poor households of Bangladesh, and 37% of all households (World Bank, 2005). There are, however some controversies relating to the indebtedness for the microfinance receivers and the contribution of microfinance in their socioeconomic...
Persistent link: https://www.econbiz.de/10011107750
In this paper, the foundational rules governing human, economic and financial development in Islam, as understood from … development as the basis of institutional structure, which in turn, underpin the path of economic and social progress. The … essential elements in the life of a Muslim—the unity of creation, freedom and freedom of choice, economic and human development …
Persistent link: https://www.econbiz.de/10011110896
Access to finance is critical to successful development in Africa. This paper presents recent trends in various aspects … of development finance and provides a critical assessment of the costs of meeting the Millennium Development Goals in the …
Persistent link: https://www.econbiz.de/10005787117
This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...
Persistent link: https://www.econbiz.de/10011267876