This Paper highlights a problem in using the first-differenced GMM panel data estimator to estimate cross-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since lagged levels of the series provide only weak instruments...

As poor policies are blamed for dismal economic outcomes in many African countries and institutions and governance have assumed greater importance in explaining policy making, this article overviews a set of papers appearing in the current volume on 'institutions, governance and economic...

After briefly reviewing the new institutionalism, this article uses the history of political reform in Africa to test its key tenet: that power, if properly organised, is a productive resource. It does so by exploring the relationship between changes in political institutions and changes in...

This article analyses the motives of violence against civilians during internal wars. It is suggested that soldiers may terrorize civilians because they need the loot to augment their resources while the rest of the time is engaged in fighting proper. An alternative hypothesis suggests that...

Dans ce document, nous avons examiné les défis qui se posent aux économies de douze pays africains touchés la guerre, dans le domaine de la réhabilitation et de la construction des infrastructures. Notre étude sur les secteurs de l'eau, des transports, de l'énergie et des...

In this article, we revisit Lipset’s law (Lipset 1959), which posits a positive and significant relationship between income and democracy. Using dynamic panel data estimation techniques that account for short-run cross-country heterogeneity in the relationship between income and democracy and...

The holding of elections has become universal but only about half of all elections have been free and fair.  Electoral malpractice not only distorts the quality of representation but has implications for political, social and economic outcomes.  Existing datasets either provide broad...