The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive...

What became the post-War era's "less developed countries" (LDCs) varied enormously in their pre- modern or pre-industrial economic conditions. We hypothesize that if these countries are arrayed on a continuum of pre-industrial development such as that of the demographer Ester Boserup, countries...