This paper examines the relationship between migrants remittances and the prevalence of child labor by using a large sample of developing countries. In particular, we investigate whether the inflow of remittances helps to offset the effects of financial constraints and income shocks on the...

This paper examines the relationship between migrants remittances and the prevalence of child labor by using a large sample of developing countries. In particular, we investigate whether the inflow of remittances helps to offset the effects of financial constraints and income shocks on the...

We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a...

Using a panel dataset of 86 countries from 1960-2005, this paper empirically assesses the effect of several democracy proxies (by means of the Polity IV database), together with a set of control variables, such as human capital and the initial level of GDP per capita, on the rate of economic...

In the first empirical study on how financial reforms have been instrumental in mitigating inequality through financial sector competition, we contribute at the same time to the macroeconomic literature on measuring financial development and respond to the growing field of economic development...

This paper assesses the relevance of intellectual property rights (IPRs) in the knowledge economy (KE)-finance nexus using the four variables identified under the World Bank's knowledge economy index (KEI) and seven financial intermediary dynamics of depth, efficiency, activity and size. Three...

This paper examines the interaction between financial development and economic growth of the Economic Community Of West African States (ECOWAS) and West African Economic and Monetary Union (WAEMU) using non-stationary panel data methodology and a panel cointegration approach. We estimate a...

In this paper, we perform GMM dynamic panel data estimations to test the relationship between financial development and growth. Our dataset is composed of 112 emerging and developing countries over the period 1975-2007. More specifically, we test the presence of financial development threshold...