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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...
Persistent link: https://www.econbiz.de/10011410416
The remarkable influx of Chinese migrant entrepreneurs in West Africa has been met with growing resistance from established African entrepreneurs. Whether the former have a competitive edge over the latter because of distinctive sociocultural traits or whether the Chinese's supposed...
Persistent link: https://www.econbiz.de/10010293531
Promising growth rates, increased trade, and competition among major global players for African resources have boosted the development and bargaining power of sub-Saharan Africa (SSA) in relation to the EU. However, Africa's least developed countries remain vulnerable to external shocks....
Persistent link: https://www.econbiz.de/10014216847
This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector...
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fördern die Entwicklung und die Verhandlungsmacht der Staaten des subsaharischen Afrika gegenüber der EU. Aber gerade die …. Abgesehen von den Folgen des (Neo-)Kolonialismus, und trotz der unbestrittenen Demokratisierungsdefizite vieler afrikanischer … des subsaharischen Afrika bei. Angesichts der anhaltenden politischen und wirtschaftlichen Dominanz der EU und der …
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