
68 UNU-WIDER articles, publications, projects, experts...
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Journal Article
Finance and Economic Development in AfricaIt is clear that a lot remains to be learnt about the role of the financial sector in African growth and development process. All three papers in this volume focus on the existing consensus in the literature that there seems to be a positive...
Journal Article
The Finance – Growth ThesisFinancial liberalisation is widely seen as key to promoting financial development and unlocking growth in developing countries. While this thesis has been backed by an extensive literature, we show that it rests on weak theoretical and empirical...
Working Paper
China’s international development financeChina is emerging as perhaps the most globally significant development finance provider, going far beyond concessional foreign aid. With China’s initiatives to create and foster new multi-lateral finance institutions, and to work in terms of large...
Working Paper
The Benefits and Costs of Group AffiliationThis paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-6. We find that mature and slow-growing...
Blog
From the Editor's desk (November 2011)
Tony Addison As we come to the end of November, the snow has yet to arrive in Helsinki. We continue to enjoy clear skies and spectacular sunsets...
Blog
From the Editor's Desk (December 2011)
Tony Addison With the end of the year fast approaching, we bring you the last Angle of 2011. Here in Helsinki, the shortest day of the year is nearly...
Blog
Positioning the Climate Finance in the post-2015 Development Agenda
24 June 2013 Aziz Karimov By the end of 2015, we will see a new global development agenda which will substitute the Millennium Development Goals (MDGs...
Working Paper
Sanction-busting through tax havensFinancial sanctions, which aim to economically hurt a target by restricting its access to financial assets and markets, require the ability to identify who owns an asset. Although experts have long claimed that offshore financial centres that offer...
Working Paper
Domestic savings in sub-Saharan AfricaOne essential condition of economic progress in any society is an ample supply of savings, which depends on the growth of real capital. Economists agree that higher investment rates will lead to higher growth. Thus, domestic savings is considered an...
Blog
Sales recovered faster from the pandemic than employment: Evidence from tax administrative and survey data in ZambiaLike most other countries, the government of Zambia introduced restrictions to control COVID-19, which considerably curtailed normal economic activity...
Working Paper
Forecasting recovery from COVID-19 using financial dataWe develop a new methodology to nowcast the effects of the COVID-19 crisis and forecast its evolution in small, export-oriented countries. To this aim, we exploit variation in financial indexes at the industry level and relate them to the expected...
Working Paper
Comparative Appraisal of Multilateral and Bilateral Approaches to Financing Private Sector Development in Developing CountriesThis paper identifies the rationale behind the emergence of private sector development (PSD) as a special area of development assistance. It describes PSD policies’ main elements and instruments and provides an overview of the differences and...
Working Paper
Financial systems in new middle-income African economiesThis paper examines the possible implications for the financial systems of low-income African economies and in particular Tanzania of their stated aspiration to achieve middle-income status. In doing so it finds little evidence that the mere increase...
Working Paper
Political Regime, Private Investment, and Foreign Direct Investment in Developing CountriesThis paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is influenced by...
Working Paper
Source of Finance, Growth and Firm Size – Evidence from ChinaUsing a comprehensive firm-level dataset spanning the period 1998-2005, this paper provides a thorough investigation of the relationship between firm size, total factor productivity growth and financial structure in China, controlling for the...