This paper provides an empirical test of the Engerman–Sokoloff hypothesis that factor endowments influenced the development of the rule of law, which in turn has perpetuated income inequality. Using a measure of the suitability of land for growing wheat relative to sugarcane as an instrument...

Institutional change explains the change of institutions considered as rules and expectations that govern human interactions and paths of development in society. This conceptual paper describes, with an historical perspective, the most important definitions of institution and of institutional...

The literature on the growth effects of European integration remains inconclusive. This is due to severe methodological difficulties mostly driven by country heterogeneity. This paper addresses these concerns using the synthetic control method. It constructs counterfactuals for countries that...

This study investigates the role of insurance in economic growth on a panel of forty-eight countries in Africa for the period 2004-2014. The research question the study seeks to answer is the following: what thresholds of insurance penetration positively affect economic growth in Africa? The...

The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...

This paper is therefore interested in explaining the causes of the simultaneous evolution between economic and informality growth. Using a large annual panel of African countries with a time series of 25 years, ours results are paradoxical: the effect of growth on the informal sector becomes...

The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds for long-term growth in Africa. Using a dynamic panel threshold model, the study covered a large panel-data set of 41 African countries for the period 1960-2015. The sample was...

Market-supporting institutions play an essential role in successful market economies, yet much remains unanswered about when in the course of economic development those institutions should be established. This article develops a model that shows how private sector growth can depend on the time...

This study considers market entry determinants for both for-profit and non-profit at-home long-term care providers in Japan. It examines market structure incentives and barriers to entry using a panel dataset of 48 Japanese municipalities for the 2003-2011 period. Estimation results show that...