Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by Acemoglu and Johnson (2005), Ali (2013) and Asongu (2014). We assess the effects of various components of governance on private investment, notably: political, economic and...

The financial surplus of agriculture has been central to theories of the role of agriculture in economic development. Morrisson and Thorbecke (MT) have used a constant‐price social accounting matrix (SAM) framework to measure rigorously the financial surplus of agriculture and decompose the...

Instability and uncertainty are important factors in Africa's poor investment record over the past two decades. A recent (but rapidly growing) literature has focused on how uncertainty and instability affect the adoption of fixed investment projects. That literature shows that if fixed...

Examination in both theoretical and empirical prospective of the Capital market, deduce that the major indicators of modern economic growth, depends on the extent of economic financialization, commonly defined as capital stock, industrialization and Technological Advancement. The focus of this...