The aim of this paper is to analyse the effect of institutional reforms on the revival of African economies. We study the impact of positive changes in business environment indicators of the Doing Business project and the Economic Freedom Index of the Heritage Foundation on the private sector...

Between 2000 and 2017, Chile presented a great economic performance, with an average GDP growth of 3.87%. Nevertheless, Chile has confronted a great number of conflicts, reaching its peak of tension in the 2006 “Revolución de los Pinguinos” and the protests against the private pension...

In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...

This study appraises the record of private sector participation in infrastructure (PPI) in Africa using the updated PPIAF database for 1970 to 2007. The results of almost two decades of regulatory reforms, implementation of the privatization and liberalization agenda, combined with the influx of...

Where do economic institutions come from? -- Markets and endogenous institutional change -- The epicenter of bottom-up capitalism -- Entrepreneurs and institutional innovation -- Legitimacy and organizational change -- Industrial clusters and competitive advantage -- The development of labor...

Main description: Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but...