Public financial flows to developing countries serve a multitude of purposes, the growing number of which has led over time to an incoherent institutional landscape of international financing. Institutional fragmentation has profound consequences for the effectiveness of policies. Starting from...

This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the...

This paper aims to assess the role of instabilities on Africa`s low rates of growth during the seventies and eighties, using cross-section econometric estimates, on a sample of African and non-African countries and two pooled decades. Africa exhibits higher `primary` instabilities (climatic,...

Purpose – The purpose of this paper is to estimate China's import‐demand function for steel products within the context of globalisation. Design/methodology/approach – The research used the monthly data for the period 1996‐2004 and a cointegration procedure is applied in the estimation....

Purpose – The purpose of this paper is to estimate China's import-demand function for steel products within the context of globalisation. Design/methodology/approach – The research used the monthly data for the period 1996-2004 and a cointegration procedure is applied in the estimation....