This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa's peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …

There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This … negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … services in autocratic regimes the positive direct effect takes over. Consequently, volatile growth rates are detrimental to …

There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This … negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … services in autocratic regimes the positive direct effect takes over. Consequently, volatile growth rates are detrimental to …

globe. A robust finding in these studies is the positive association between unemployment rates and the size of the … unemployment that features decreasing returns to unofficial activities and congestion effects in job searching, we conjecture a … long-run equilibrium relationship between unemployment and the size of the shadow economy. Our empirical model lends strong …