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Working Paper
Aid and Growth in Sub-Saharan AfricaThis paper is a contribution to the literature on aid and growth. Despite an extensive empirical literature in this area, existing studies have not addressed directly the mechanisms via which aid should affect growth. We identify investment as the...
Journal Special Issue
Aid to AfricaThe Millennium Development Goals (MDGs) give aid to Africa a new emphasis. Yet aid flows to Africa have trended downward over the last decade, and as a consequence more Africans now live in poverty. This is especially true of Sub-Saharan Africa. Any...
Working Paper
Examining Private Investment HeterogeneityWe investigate domestic private investment behaviour in a panel of 24 low-income and middle-income countries spanning a period of 1981-2000. The paper rigorously addresses (i) the cross-country heterogeneity in private investment behaviour, and (ii)...
Working Paper
The Causal Relationship between Information and Communication Technology and Foreign Direct InvestmentThis paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis...
Journal Article
Impact of Terrorism on Investment Decisions of FarmersPart of Journal Special Issue Entrepreneurship and Conflict
Working Paper
Financial Markets and R&D InvestmentsThis paper introduces a discrete-time intertemporal investment model in which the flow of profits affects the risk premium on the cost of finance, and, as a consequence, the rate of discount of future profits. While public investments, according to a...
Working Paper
Does Financial Liberalization Influence Saving, Investment and Economic Growth?This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing...
Working Paper
Mozambique’s IndustrializationAfter the Second World War, Mozambique went through a series of transformations, from an incipient industrializing colonial society to an independent country with a central planned economy, plus a regional and internal war, and finally from 1994...
Journal Article
The Forgotten Property RightsStudies of land property rights usually focus on tenure security and transfer rights. Rights to determine how to use the land are regularly ignored. However, user rights are often limited. Relying on a unique Vietnamese panel data set at both...
Working Paper
The Investment Decline in Transition EconomiesAll centrally planned economies suffered from over-investment. Due to low capital productivity, reasonable growth rates in output could be maintained only with high investment/GDP ratios. Nevertheless, the sharp reduction in investment during...
Working Paper
Long-Term Growth and Welfare in Transitional EconomiesThis paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo...
Blog
From the Editor’s Desk (September 2012)
Tony Addison Mid-September finds UNU-WIDER very busy preparing for our big conference on climate change and development policy that takes place later...
Blog
From the Editor's Desk (January 2012)
Tony Addison January saw the snow arrive in Helsinki. As I look out across the harbour, the scene is one of various shades of white and grey. The...
Blog
Africa's Failure to Industrialize: Bad Luck or Bad Policy?
16 December 2014 John Page On 20 November 2014 the United Nations celebrated the 25th Africa Industrialization Day. But perhaps ‘celebrate’ is not...
Blog
From the Editor's Desk (May 2012)
Tony Addison Finland traditionally celebrates the start of summer on 1st May (the ‘Vappu’ holiday), and UNU-WIDER currently basks in warm sunshine. At...
Blog
Imperfect Data Increases Uncertainty
9 May 2013 Carl-Gustav Lindén The world is a complex place where risk and uncertainty are an everyday challenge. Decision makers at all levels say...
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