Our study analyses stochastic convergence of relative real GDP per capita in the West African Economic and Monetary Union (WAEMU) in the period 1960 to 2010. It highlights the importance of considering structural breaks and cross-section dependence in the panel unit root tests. Using the panel...

From the perspective of recipients, the presence of emerging donors in the aid landscape represents an opportunity to attract additional resources to finance development. This paper investigates how low income countries deal with this complex and changing aid landscape and explore how this...

Taking off from the self-evident fact that the population variable centrally figures in both labor and product markets, this paper argues that the growth rate of population, its age structure and spatial distribution should be key considerations in a country’s development strategy to promote...

This paper provides evidence on peer effects in standardized tests by exploiting a unique data set on social networks in Uruguayan primary schools. The identification method enables one to disentangle endogenous from contextual effects via instrumental variables that emerge naturally from the...

The large differences in income per capita across countries are mostly accounted for by differences in total factor productivity (TFP). What explains these differences in TFP across countries? Evidence suggests that the (mis)allocation of factors of production across heterogenous production...

A tanulmány kiinduló megállapítása, hogy nem csupán a szolgáltatásgazdaság súlya növekedett meg a fejlett országok makrogazdasági szerkezetében a korábbiaknál is erőteljesebben, hanem - s ez még nagyobb jelentőségű - felgyorsult a szolgáltatási szektor belső...

Recent literature on international trade has established that the most productive firms become multinationals. But our data reveal a startling variation in productivity levels of foreign affiliates across the countries in Eastern Europe of the same European multinational parent firms suggesting...

We argue that openness to foreign investment can have differential effects on corruption, even within the same country and under the exact same domestic institutions over time. Our theoretical approach departs from standard political economy by attributing corruption motives to firms as well as...

Using data from 587 marginalized cooperative member households in rural Mexico, this paper examines how household formal financial savings fluctuates with economic shocks and other relevant variables. Regression results show that negative shocks, income, wealth, formal credit, distance from a...

This paper analyses some determinants of urban violence in seven major Colombian cities. The empirical research is intended to explore variations in violence across these Colombian cities and the influence of these variations on Colombia´s economic development. In this study, several...