This paper investigates returns to capital in the formal and informal sectors in Ethiopia using parametric and semi-parametric regression techniques. Results show that there is a higher annual median return to capital in the informal sector (52–140%) than the formal sector (15–21%). However,...

The article analyzes the war against Mobutu (1996-97) and the more recent war (1998-) in the Democratic Republic of the Congo with particular attention to greed and grievance as motivating factors in these two wars. Whereas the authors’ usage of the term ‘greed’ simply...

In recent years, empirical investigations have shown that various aspects of physical geography are closely related to the quality of a country’s economic institutions. For instance, distance from the equator in latitude degrees is positively correlated to both institutional quality and to...

Intensive agriculture is often bad for wildlife. Does this imply that a goal to boost wildlife on agricultural land is best met through a general reduction in intensity? We argue that such an approach may not be optimal, since cost functions for provision of wildlife on agricultural land may be...