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Publications (5)
Book Chapter
From the book:
The Role of Elites in Economic Development
Working Paper
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Community-based development has been criticized for its inadequate understanding of power relationships at the local level, which thus leaves room for elite capture. This paper compares and contrasts two case studies, both of which take power seriously in their institutional designs. The solar home...
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Alice Amsden, Alisa DiCaprio, and James Robinson To understand what role elites play in the process of economic development, we need to establish first who they are. Though most definitions are welfare neutral, in popular discourse elites take on a negative connotation. This conceptual confusion has...
Working Paper
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– A Risk-Cost Configuration Approach
The paper examines the source of financial market fragmentation in sub-Saharan Africa in the framework of institutional economics. Based on fieldwork data from Ghana, Malawi, Nigeria, and Tanzania, it analyses financial risk management, the transaction costs for loan screening and monitoring, and...
Working Paper
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The paper primarily investigates the interrelationship between financial sector development and poverty reduction in Ghana. This is done using time-series data from the World Development Indicators from 1970-2001. The main findings are, first, that even though financial sector development does not...
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