In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...

Despite extensive policy discussion, limited empirical literature is available concerning the impacts of infrastructure on human development. Furthermore, major infrastructure services, such as transport and energy, are missing in the current Millennium Development Goals (MDGs) framework;...

Getting a clear sense of the intensity and dynamics of corruption in a society or country is a critical platform for economic growth and development. This paper sets out to bring clarity to the study of corruption through an alternative approach. It examines and demonstrates how corruption can...

This paper offers a substantive contribution to the debate on the role of international trade on the development of emerging countries. The aim is to detect empirically the phenomenon of vulnerability induced by trade openness. The methodology adopts a forward-looking approach and tries to fill...

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...

This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...

I investigate the origins of the now-ubiquitous term ”Big Data," in industry and academics, in computer science and statistics/econometrics. Credit for coining the term must be shared. In particular, John Mashey and others at Silicon Graphics produced highly relevant (unpublished,...

This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...

Telecommunication, as a gift of modern science is largely different from any other traditional infrastructure. From international market to domestic market, corporate communication to personnel communication, telecommunication is the prime way to maintain the continuous and instantaneous flow of...

The paper presents a comparative analysis of the information economy as a function of the stage of development. Modified input-output techniques are used to compare the information economy of the developed and developing countries using multipliers, linkages and leakage effects. The empirical...