This paper aims at assessing the impact of migration on export performance and more particularly the effect of African migrants on African trade. Relying on a new data set on international bilateral migration recently released by the World Bank spanning from 1980 to 2010, the authors estimate a...

While most economists accept that, in the long run, open economies fare better in aggregate than closed ones, many fear that trade could harm the poor. African countries, for example, have realized significant improvements in trade liberalization in recent decades, yet Africa remains the poorest...

This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state's bureaucratic penetration....

Although there has been research looking at the relationship between the structure of the financial system and economic growth, much less work has dealt with the importance of bank-based versus market-based financial systems for poverty and income distribution. Empirical evidence has indicated...

Using time-series tests, the paper provides evidence that fiscal spending can influence long-run growth. Data on six functional categories of public spending (education, health care, social welfare, transport, justice and national defense) over the period 1950 to 1994 are examined for...

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...

Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocation of capital, which has a particularly large impact on the poor. Others argue that...

This paper assesses the impact of migration on export performances. In particular, it highlights and helps understand how African migrants foster African trade. Relying on a new dataset on international bilateral migration recently released by the World Bank spanning from 1980 to 2010, we...