The issue of foreign aid dependency in Africa remains controversial among policymakers. The Euro zone, which provides the bulk of foreign aid to developing countries, is currently implementing some austerity programmes. Consequently, this study investigates what really matters; the quantity or...

This paper reports the results of a study of the impact of government expenditures on economic growth, emphasizing how government effectiveness influences the efficiency of government spending. The effects of sub-categories of government spending on growth are also examined. Total expenditures...

The aim of this paper is to quantify the importance of institutions in economic growth and to identify the factors that determine institutional quality. For this purpose, we estimate a system of simultaneous equations with an income equation and another one of institutional quality and use a...

The aim of this paper is to analyse the effect of institutions on economic growth. On the one hand, we present an analysis of the existing theoretical and empirical studies, which have achieved wide consensus regarding the positive effects of institutional quality. On the other hand, we identify...

Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth. This paper revisits each of...

During the period 2000 to 2008, Africa’s collective GDP grew at an annual rate of 4.9 percent. Even though previous studies argue that strengthened and improved institutional quality is key determinant for attracting foreign direct investment to Africa, we find no evidence to that effect....

Over the last three decades or so, there has been a considerable debate on factors that explaining economic growth in Sub-Saharan African (SSA) countries. The conventional determinants of economic growth, such as, economic policies, investment in human capital and foreign flow of private capital...

During the period 2000 to 2008, Africa’s collective GDP grew at an annual rate of 4.9 percent. Even though previous studies argue that strengthened and improved institutional quality is key determinant for attracting foreign direct investment to Africa, we find no evidence to that effect....

Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic...