Foreign aid effectiveness has been a hugely explored topic in the economic development and political economy literature. In spite of disagreements in the literature with regard to aid effectiveness, it can be undisputedly argued that aid is an important source of capital for many recipient...

Foreign aid’s impact on recipients' institutions is a much-researched topic. Does foreign aid have the power to affect political and economic institutions? Many studies have characterized aid’s impact on institutional quality as being detrimental; however, there are counter arguments and...

In this paper we investigate the relationship between informal institutions – proxied for by measures of religiosity – and the gap between male and female incomes in the U.S. states, using Pew U.S. Religious Landscape Survey data, and Census Bureau estimates of male and female median...

In the economic development literature, cultural diversity has been shown to have a positive impact on economic outcomes. A culturally diverse society or interaction among different cultures encourages exchange and competition and generates efficient outcome. Our paper hypothesizes that a...