This paper examines the uneven convergence between Indian development cooperation and the (so-called) ‘traditional’ development establishment. Using the case of Indian government concessional lines of credit (LoCs), handled by the Export–Import Bank, it demonstrates how diplomatic,...

While the African Continental Free Trade Area (AfCFTA) provides opportunities for regional financial sector development, it also poses a real test for the continent’s financial system. The ability of Africa’s financial sector to perform the crucial function of facilitating economic growth...

We test the reproducibility and replicability of Dincecco et al. (2022), which reports a positive relationship between pre-colonial interstate warfare and long-run development patterns across India. Overall, we confirm that all of the study's estimates are computationally reproducible by using...

It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...

It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...

Assuming that firms operate in a perfect and frictionless capital market, Modigliani and Miller (1958) argue that the value of a firm is independent of its capital structure. But other researchers argue that financial leverage depends on firm, industry and country-specific factors. As an economy...