Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper …

The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies … the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries …. Premised on the concept of social welfare function, inclusive growth is associated with increased average opportunities …

Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest … of the world, or because of different factors altogether? To answer this question, we examine determinants of growth … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …

The growth literature has had problems explaining the ""sub-Saharan African growth dummy"" in cross-country regressions …. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous … parameters in growth regressions, we concentrate our analysis on episodes of growth turnarounds (identifying growth accelerations …

This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking … risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings …

specifications and methods-have important policy implications for green growth with higher energy efficiency …

. We show that growth in external demand incentivizes firms to undertake upgrading activities, resulting in lower energy …