-stationary. VAR models from both error correction and Granger causality perspectives are applied. Analyses of dynamic shocks and …

institutional quality such that, the institutional downside of development assistance maybe questionable when greater domestic … institutional development has taken place. Based on the hypothesis of institutional thresholds for foreign aid effectiveness, the … perilous character of development assistance to institutional quality is broadly confirmed in 53 African countries for the …

to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … promoting financial development when compared with autocracies. Once democracy is initiated, it should be accelerated (to edge … out the appeals of authoritarian regimes) to reap the benefits of level and time hypotheses in financial development. …

Financial development indicators are often applied to countries/regions without taking into account specific financial … development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development … context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD …

components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity …

policy recommendation, the role of sound political institutions is crucial for financial development in Africa. Democracies … stock market development in the African continent. Originality/value - To the best of our knowledge this is the first paper … plagued many African countries and continue to pose a significant threat to financial market development. …

This paper focuses on how political regimes affect financial development in Africa, contingent on religious … propensity to effect policies that favour the development of financial intermediary depth, activity and size. Democracy has … policies towards financial development. As a policy implication, once democracy is initiated, it should be accelerated (to edge …

development has taken place in developing countries. Design/methodology/approach - In framing the financial dimension in a more … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial … globalization through-out the conditional distributions of domestic financial development dynamics. Findings - The introduction of …

updated data (1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption … momentous epoque to solve the second tragedy of foreign aid; high time economists and policy makers start rethinking the models …

development matter in the impact of aid on development. In substance its object is to assess if threshold development conditions … technique enables us to investigate if the relationship between development dynamics and development assistance differs … throughout the distributions of development dynamics. Findings - Three main findings are established. (1) With slight exceptions …