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This paper empirically examines the quantitative relationship between financial inclusion and inclusive growth in sub-Saharan Africa using a panel of 46 countries for the period 2004–2018. The evidence suggests that usage of financial services, among other covariates, has a quantifiable and...
Persistent link: https://www.econbiz.de/10013461052
This research provides an explanation for high literacy, economic growth and societal developments in the Netherlands in the period before the Dutch Republic. We establish a link between the Brethren of the Common Life (BCL), a religious community founded by Geert Groote in the city of Deventer...
Persistent link: https://www.econbiz.de/10013087419
This research provides an explanation for high literacy, economic growth and societal developments in the Netherlands in the period before the Dutch Republic. We establish a link between the Brethren of the Common Life (BCL), a religious community founded by Geert Groote in the city of Deventer...
Persistent link: https://www.econbiz.de/10009697679
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
The purpose of the chapter is to analyze Africa's economic successes in the past half century, to understand not only what made it possible but also and more importantly what risk factors may eventually bring it to an end or compromise it. While it may not be possible for Africa to alter, for...
Persistent link: https://www.econbiz.de/10011794986
Persistent link: https://www.econbiz.de/10011543269
Persistent link: https://www.econbiz.de/10012212617
Poverty remains a pervasive problem all over the world, but the problem is worst in underdeveloped areas like Africa …. While microfinance is supposed to address this problem through the promotion of viable businesses, it has not been very … microfinance institutions (MFIs), there have been very few that look at market conditions as an input into the success of micro …
Persistent link: https://www.econbiz.de/10011848150
If financial deepening aids economic growth, then financial repression should be harmful. We use a natural experiment in the change in the English usury laws in 1714 to analyze the effects of interest rate restrictions. We use a sample of individual loan transactions to demonstrate how the...
Persistent link: https://www.econbiz.de/10010851479
This article studies the effects of interest rate restrictions on loan allocation. The British government tightened the usury laws in 1714, reducing the maximum permissible interest rate from 6% to 5%. A sample of individual loan transactions reveals that average loan size and minimum loan size...
Persistent link: https://www.econbiz.de/10005771977