We investigate the relative long run growth impact of each of the two main types of Africa's private capital inflows, namely Foreign Direct Investment (FDI) and Cross-Border Bank Lending (CROSSBANK). In addition to controlling for some factors (e.g. financial reforms and trade openness), we...

In the last two decades, Egypt has experienced two waves of ambitious economic reforms. During the same period, the economy has boomed and the stock market has skyrocketed. In this article, we develop a simple endogenous growth model and estimate multivariate vector autoregressive models in...