The main question of this paper is to investigate if and how the voluntary sector – as an institutional agent of the third sector - matters for the local development path. By adopting a multimensional and relational approach to the development, the paper surveys, compares and overlaps three...

This study aims to assess the microfinance institutions’ (MFIs’) efficiency in the West African Economic and Monetary Union (WAEMU) after the reforms that were undertaken in the industry. Given the complementary role between MFIs and banks (where MFIs reach the population that the banks...

Despite the plethora of efficiency studies in the banking literature, there is no consensus on the preferred approach for the empirical estimation of the frontier (production, cost, profit etc.) of fully efficient firms. The present paper aims to provide an overview of this promising alternative...

A model of the economic system with the property rights distributed among several agents is considered. The effect of property rights allocation on the economic efficiency of the management strategies is studied.

This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...

L'objectif de cet article est d'élaborer un outil opérationnel pour la mise en place des politiques agricoles visant à accroitre l’efficacité de l’agriculture en Ouganda. A cet effet, des analyses effectuées sur les données d’Uganda National Panel Survey (UNPS) 2011-2012 ont permis...

The ranking of football players has always engaged media and supporters worldwide. The different views on ranking are due to two reasons. First, leagues are heterogeneous with various qualities. Second, fans often rely on different performance measures and statistics. Despite the fact that team...

Many procedures have been suggested for the venerable problem of dividing a set of indivisible items between two players. We propose a new algorithm (AL), related to one proposed by Brams and Taylor (BT), which requires only that the players strictly rank items from best to worst. Unlike BT, in...

The paper shows how democratic elections in a bi-communal society with entrenched ethnic voting results in an elected oligarchy in which elites of one ethnic group control the allocation of scarce economic resources. Using a simple strategic game, the paper shows that the control of resources...

The competitiveness of a country, besides the quantity and quality of factors of production, is largely dependent on institutional factors. It is not surprising therefore that the alteration of formal institutions (e.g. laws, measures, policies etc.) is a hot topic nowadays. But it is important...