The study assesses the how information sharing by means of mobile phones affects banking system efficiency in Africa …

modest role for labor reallocation from agriculture and capital deepening, and identify rising TFP in the non-state non …-agricultural sector as the key driver of growth. We also find significant misallocation of capital: The less efficient state sector … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity … of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing … approaches. Furthermore, we correlate our measure with corporate governance institutions. -- Allocation of capital ; accelerator …