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inflows in Africa and capital flight from the continent over the past decades. Indeed, paradoxically, even as African …
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This paper proposes a novel measure of political risk that confirms some of the findings documented in the Foreign Direct Investments (FDI) literature. Particularly, we confirm the positive relationship between political stability and its components on FDI inflows, and the moderating effect of...
Persistent link: https://www.econbiz.de/10012745405
Ethiopia, which have allowed for widespread corruption, are now harming the growth of SMEs. According to the findings …, political instability, corruption, and COVID-19 are now having a substantial effect on the growth of SMEs in Ethiopia. These … sequential policy reform in the region, as well as a review of current policies aimed at ensuring effective corruption control in …
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We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy. Stationary Markov perfect equilibria of this game with four players – Politician, Oligarch, Autocrat and Public (voters) – are analyzed. Choosing a rate of resource rent tax,...
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scourge of poverty, which impacts one region more than most: Africa. At the same time, a key pre-requisite for economic …-Saharan Africa. To address this, the region itself has initiated a major, long-term, continent-wide infrastructure development … programme which is intended to fix this problem sustainably - namely, the Programme for Infrastructure Development in Africa …
Persistent link: https://www.econbiz.de/10010426539