Purpose – Previous literature has clearly demonstrated the need for sound government policies or “institutions” to promote and support entrepreneurship in a country. The purpose of this paper is to explore the role of one such institution – political stability – in boosting...

While past studies had conflicting conclusions regarding the impact of foreign aid on growth and development of a nation, recent studies have tried to delve deeper into the question, ‘what makes aid work?’ (see, Dutta, Leeson, and Williamson, 2013; Burnside and Dollar, 2000, 2004; Svensson, 1999)....

This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....

How does foreign aid affect recipient countries’ political institutions? Two competing hypotheses offer contradictory predictions. The first sees aid, when delivered correctly, as an important means of making dictatorial recipient countries more democratic. The second sees aid as a corrosive...

This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....