This paper uses the Johansen cointegration technique to examine the causal relationship between aid inflows and economic growth for Ghana during the period 1970-2013. To better reflect causality, corruption (governance) and trade are included as control variables. In order to test for causality...

There is significant increase in foreign inflows, but the economic growth achieved by many Sub Saharan African countries has not been satisfactory. Thus, the actual role of foreign capital inflow has been an area of controversy. Kenya has been one of the major recipients of international aid. It...

Thailand’s economic development has been quite successful in terms of achieving high growth rate and reasonable per capita income. The country’s economic performance in terms of the transformation of production and exports are tending toward the normal pattern of increasing share of...

This research explores the emergence and prevalence of economic specialization and trade in pre-modern societies. It advances the hypothesis, and establishes empirically that population diversity had a positive causal effect on economic specialization and trade. Based on a novel ethnic level...

The study investigates the influence of manufacturing sector performance and disaggregated government expenditure on economic performance in Nigeria. Government expenditure is disaggregated into social and community services and economic services. The study employed and makes use of time series...

The greater parts of the individuals who expound on morals don't make an unmistakable refinement in the middle of morals and profound quality. The topic of what is "correct" or "ethically right" or "morally right" or "ethically attractive" in any circumstance is differently stated, yet the...

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...

We present a comparative analysis of the medium-long term perspectives of development for sub-Saharan countries in the framework of economic complexity. This analysis is made in comparison with the development of Asian tigers. Economic complexity is a data-driven framework which aims at...

Extortion is a severe obstacle to doing business in many countries, varies both in its frequency and magnitude across establishments. This paper presents a model of extortion to account for these features and assess its quantitative effects. In the model, entrepreneur capital is subject to...

This research explores the origins of observed differences in time preference across countries and regions. Exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that pre-industrial...