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Publications (27)
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– Evidence from countermeasures in Germany
We study how the stringency of policy measures to counter the COVID-19 pandemic affects individuals’ trust in formal institutions. Drawing on micro-level panel data from Germany spanning an 18-month period from the onset of the pandemic, we show that, on average, there is a pronounced negative...
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We examine the long-term impact of forced labour on individual risk behaviour and economic decisions. For that, we focus on a policy of coercive cotton cultivation enforced in colonial Mozambique between 1926 and 1961. We combine archival sources about the boundaries of historical cotton concessions...
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– Evidence from Mozambique
The political consequences of economic inequality have been debated in academic and policy circles for centuries. The nature of this relationship seems highly dependent on specific contexts, with empirical studies showing mixed evidence on how economic inequality affects voting and other forms of...
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Following the abolition of slavery, various forms of compulsory labour were adopted by colonial powers to develop their economies. This paper analyses the contemporary consequences of compulsory cotton production—a forced labour system that operated in colonial Mozambique from 1926 to 1961. During...
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Individuals are at their most mental plasticity in their impressionable years (ages 18–25 years) forming long-term attitudes and behaviours essential to functioning in a society, such as trust.In this paper we ask how exposure to natural disasters within the impressionable years may affect the...
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– Explaining elite political alignments in a deeply divided society
The role of ethnicity in political behaviour remains unsettled theoretically. Instrumentalist theories emphasize cognitive processes, arguing that political actors strategically employ ethnicity to attain certain goals, while expressivist theories highlight affectual forces, arguing that actors are...
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– Legacies of the Great Recession and the consequences of the ‘trust crisis’
This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and citizens across Europe responded to the next global crisis: the COVID-19 pandemic.We show that increases in individualism and mistrust towards institutions caused by individual...
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– The case of Ghana
One 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 important determinant of growth in developing...
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– Unity in diversity
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of countries in developing Asia from a historical perspective. Developing Asia provides an ideal laboratory for the study with considerable differences in the savings behaviour among...
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– Empirical evidence
This paper examines trends and determinants of gross domestic savings in Tanzania using data for the period 1990–2020. The autoregressive distributed lag approach is employed to empirically analyse the short-run and long-run relationships. There has been a fairly stable increase in the domestic...
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– Do sovereign wealth funds serve development?
Do sovereign wealth funds (SWFs) contribute to Africa’s development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail considerable...
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The savings–growth nexus is widely acknowledged, both in policy and in the literature. But Kenya’s numerous policy initiatives to encourage savings mobilization are yet to yield the expected outcomes. This paper identifies the key drivers of domestic saving in Kenya, exploiting fintech as an...
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Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although most sub-Saharan Africa countries recognize the...
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Organized crime affects security, development, and democracy worldwide, but not much is known about its social consequences. We study how exposure to the presence of organized crime groups shapes the social capital of Italian citizens, including political participation, civic engagement, and...
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This paper traces the development of fintech in sub-Saharan Africa, its evolution over time, and the unfolding benefits attained at each stage of its adoption and market evolution. From the onset, fintechs have revolutionized retail electronic payment systems—a revolution that has evolved into a...
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The population structure the world over is going through a demographic shift, and the elderly proportion is projected to increase with population growth. This change is a matter of concern for sub-Saharan African (SSA) countries, where the majority of the people are young and the rates of both...
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