This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...

In the light of evidence that poverty has been decreasing in all regions of the World with the exception of Africa, where about 45 percent of countries in Sub-Saharan Africa did not achieve the Millennium Development Goal (MDG) extreme poverty target. Therefore, this study assesses whether...

This study complements existing literature by assessing how various types of foreign aid complement each other in boosting inclusive human development in Africa. (a) When 'aid to social infrastructure' is moderated with other aid types, 'action on debts' is substitutive whereas 'aid to the...

This study examines the hypothesis that foreign aid dilutes the positive role of taxation on political governance. The empirical evidence is based on the Generalised Method of Moments and 53 African countries for the period 1996-2010. For more policy options, the dataset is disaggregated into...

Motivated by evidence that extreme poverty has been decreasing in all regions of the world with the exception of Africa, the study contributes to the literature on reinventing foreign aid by assessing if development assistance can sustain inclusive human development. The empirical evidence is...

Motivated by the April 2015 World Bank Publication on MDGs which reveals that poverty has been declining in all regions of the world with the exception of African countries, this study investigates the effects of a plethora of foreign aid dynamics on inequality adjusted human development....

We assemble more pieces on the puzzle of the aid-corruption nexus. In essence, we extend the debate on the effect of foreign aid on corruption by providing evidence on dynamic effects of wealth, legal origin, religious-domination, regional proximity, openness to sea, natural resources and...

The study extends the implications of Piketty's celebrated literature from developed countries to the nexus between developed nations and African countries by building on responses from Rogoff (2014) & Stiglitz (2014), post Washington Consensus paradigms and underpinnings from Solow-Swan &...

Purpose - This paper investigates the effect of foreign aid on governance in order to extend the debates on foreign aid and to verify common positions from Moyo's 'Dead Aid', Collier's 'Bottom Billion' and Eubank's 'Somaliland'. The empirical evidence is based on updated data from 52 African...