China's trade and investment relationship with Africa is important to both trading partners. For China, Africa represents a growing source of raw materials –most importantly crude oil, iron ore/concentrates, and copper-- which have helped fuel China's rapid infrastructure development. For...

This article seeks to explain Africa's current quot;period of unparalleled economic success,quot; following decades of economic stagnation. Using newly available data, we investigate whether international commodity price increases (our quot;metalsquot; hypothesis) or policy reforms (our...

Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards this goal under NEP. The opening up of the closed...

Using a panel of 29 African middle and low income countries with data spanning from 1988 to 2007, we analyze linkages between openness and financial intermediary development when income levels matter. Main findings are four: firstly, openness in the last two decades has not been the effect of...

This paper assesses the effectiveness of foreign aid in improving government institutions in 52 African countries using updated data (1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption-control, political-stability, rule of law, regulation...

Purpose - This paper examines whether initial levels in GDP growth, GDP per capita growth and inequality adjusted human development matter in the impact of aid on development. In substance its object is to assess if threshold development conditions are necessary for the effectiveness of foreign...

This paper integrates two main strands of the aid-development nexus in assessing whether institutional thresholds matter in the effectiveness of foreign aid on institutional development in 53 African countries over the period 1996-2010. Eight government quality indicators are employed: rule of...

Purpose - The purpose of this paper is to assess the aid-development nexus in 52 African countries using updated data (1996-2010) and a new indicator of human development(adjusted for inequality). Design/methodology/approach - The estimation technique used is a Two-Stage-Least Squares...

The Okada & Samreth(2012, EL) finding that aid deters corruption could have an important influence on policy and academic debates. This paper partially negates their criticism of the mainstream approach to the aid-development nexus. Using updated data(1996-2010) from 52 African countries we...

This paper assesses the aid-development nexus in 52 African countries using updated data (1996-2010) and a new indicator of human development (adjusted for inequality). The effects of Total Net Official Development Assistance (NODA), NODA from the Development Assistance Committee (DAC) and NODA...