Domestic human capital is definitely a determinant of foreign direct investment (FDI) inflows for the developing world. Yet, the contribution of human capital will depend to a great extent on the institutional framework of a nation. Good political (civil) rights favor human capital to reap the...

The paper revisits the relationship between capital flight and financial development. Previous research has focused on a linear relationship between the two variables. Using a broad panel of 107 middle income and low income economies, the results reveal that a non-linear association exists...

Entrepreneurship is the main engine of economic growth and prosperity. Previous research has explored both the factors that make individuals more likely to be entrepreneurs and the economic policies that foster entrepreneurial activity. In this paper we explore, for the first time, the...

The paper revisits the relationship between capital flight and financial development. Previous research has focused on a linear relationship between the two variables. Using a broad panel of 107 middle income and low income economies, the results reveal that a non-linear association exists...

While past studies had conflicting conclusions regarding the impact of foreign aid on growth and development of a nation, recent studies have tried to delve deeper into the question, ‘what makes aid work?’ (see, Dutta, Leeson, and Williamson, 2013; Burnside and Dollar, 2000, 2004; Svensson, 1999)....