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...

We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita...

We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita...

Finds that civil wars, the most common type of large scale violent conflict, are long, brutal and continue to harm societies even after conclusion. Post-conflict countries face extraordinary development and security challenges as they move toward economic recovery. As most countries experience...

This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in...