At the end of the Cold War the west imposed economic "shock therapy" on the countries of the former Soviet Union to rapidly turn the communists into capitalists, creating oligarchs. One of the few Africa countries where shock therapy was imposed was Mozambique. Shock therapy was intended to push...

Recent years have seen a significant improvement in the economic performance of some African countries. The resulting increased dispersion in income levels across Africa, combined with the pertinence of detecting regional role models renders an intra-African analysis more attractive. In this...

This paper contributes to the aid effectiveness debate by applying a vector autoregression model to a panel of Sub-Saharan African countries. This method avoids the need for instrumental variables and allows one to analyse the impact of foreign aid on human development and on economic...

This paper examines the effect that experiencing corruption has on an individual's mental health using microeconomic data from the Afrobarometer surveys. The results show a statistically significant and economically meaningful effect in both binary and ordered probit models using both an...

This paper examines systematically the growth effects of trade integration in Sub-Saharan Africa. It complements and improves upon the empirical literature in two aspects: first, it jointly estimates the impact of different dimensions of trade integration, namely, trade volumes, export/trade...

The climate change challenge and the growth of the Islamic finance industry, together with the increase in socially responsible investing, could position green sukuk as a key instrument for financing clean energy and resilient infrastructure projects as well as shorter-term energy efficiency...

This paper investigates the costs and benefits of concluding double tax treaties with investment hubs. Based on a sample of 41 African economies from 1985-2015, the results suggest that signing treaties with investment hubs is not associated with additional investments; yet, these treaties tend...