We study the factors that determine the household supply of labour in food-for-work (FFW) projects that seek to address food insecurity and help capital formation in development. Based on data from a survey conducted in 2003 in Tigray, Ethiopia, our probit analysis identifies factors that...

Our study revisits the seminal work of Fama and French (1988) on mean-reverting behaviour of stock prices. Since then, there are limited studies conducted to attest the results and the methodology implemented by the authors. We use an updated monthly data for the period ranging 1926-2008. As in...

Most previous studies mainly focus on the direct impact of financial liberalization on consumption growth volatility with less emphasis on explaining heterogeneity across countries. This paper, therefore, contributes to the existing body of literature by analysing factors which explain such...

We study the relationships among economic growth, inequality and poverty. Economists agree that growth is fundamental to reducing poverty. But the links among growth, distribution and poverty is still a subject of debate because the growth elasticity of poverty seems to differ from one country...