Using household data from urban Ethiopia, we provide an empirical test of the economic theory of Rotating Savings and Credit Associations (ROSCAs) and identify the impact of ROSCAs and member characteristics on participation and volume of saving. Unlike other studies, we account for the...

The cultural approaches and the economic approaches advocated by mainstream neoclassical economists and new institutional economists fail to provide an adequate explanation of the differences between ethnic groups in the rate of business formation. These approaches provide only a partial...

High-technology clusters have attracted the attention of researchers and policy-makers but studies have focused primarily on the computer, electronics and biotechnology industries; aerospace has attracted less attention. An example of a high-technology cluster based on aerospace is to be found...

High-technology clusters have attracted the attention of researchers and policy-makers but studies have focused primarily on the computer, electronics and biotechnology industries; aerospace has attracted less attention. An example of a high-technology cluster based on aerospace is to be found...

Empirical evidence on determinants of credit constraints and the amount borrowed by urban household in Sub-Saharan Africa is almost non-existent. Using an extended direct approach by virtue of the unique data set we have (the Fourth Round Ethiopian Urban Household Survey), we analysed the...

Romania is considered as having had two transition periods--a gradual transitional phase from 1990 to 1996 followed by shock therapy since 1997. The key to the transition from a planned economy to a market economy is the institutions that are established to enable the market to operate. While...