Microfinance Institutions (MFIs). We find that Christian MFIs have significantly lower funding costs and consistently underperform … in terms of financial profit indicators. Contrary to our hypotheses Christian MFIs are as efficient in assuring loan …

This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range … of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e … coherent and favorable pattern of results emerges. Aid has over the past 40years stimulated growth, promoted structural change …

Our work contributes to the literature relating output structure and economic development by showing that growth gains … capabilities available to domestic firms operating in ordinary trade is an important driver of economic growth. However, no direct … technology adoption to be growth enhancing. …

Using a variety of statistical approaches, we show that the relationship between property rights and growth is … nonlinear; stronger enforcement of property rights raises growth up to a point before growth begins to decline. We provide a …. Stronger property rights have two opposing effects. On the one hand it increases capital formation and growth. On the other …

China’s unbalanced growth strategy has seemingly fostered growing inter-regional growth disparities and there is little … specified to detect underlying long-term growth trends in small samples due to the pronounced and frequent inter-regional short …-term fluctuations. Our paper suggests a novel approach to distinguish between these long-term growth trends and short-term fluctuations …