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Working Paper
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The extractives industries are highly controversial but remain vitally important in much of the developing world. This paper considers their role in reducing energy poverty and discusses scenarios for the future of the global markets for oil, gas, and metals (emphasizing the increasing importance of...
– The new structural financial economics framework
The primary role of finance is to serve the ‘real economy’¬—the part of the economy that produces goods and services. Yet in practice, the financial sector often excessively indulges in speculative activities rather than performing its main functions, such as channeling saving for productive...
Journal Article
– Examining the role of conventional banks in deepening access to formal credit
ARTICLE IS ON EARLY VIEW | Using a unique district-level panel dataset, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking...
The share of the least developed countries (LDCs) in global foreign investments is less than one percent. But positive developments have taken place—for example, the number of startup companies has increased. This information emerged at a forum held by the Ministry for Foreign Affairs of Finland and...
Book Chapter
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
From the book:
Sustaining Tanzania's Economic Development
Working Paper
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This paper leverages a novel panel dataset covering the histories of 306 chiefs and 256 episodes of village governance and taxation by armed groups in 106 villages in eastern Democratic Republic of the Congo in order to analyse the relationship between the governance of armed groups and the power of...
– A Framework for Rethinking the Role of Finance in Serving the Real Economy
The study proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics. It challenges conventional wisdom that developing countries should take the financial structure of developed countries as the...
Working Paper
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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...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
– An exploratory note
This note explores the literature on the determinants of foreign direct investment and domestic savings. With respect to foreign direct investment, it argues that institutional quality is the key driver of the type of investment that is necessary for structural transformation. With respect to...
Book Chapter
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
From the book:
Mozambique at a Fork in the Road
Working Paper
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We investigate if financial inclusion leads to improved nutrition in rural Rwanda, using Rwandan Integrated Household Living Conditions surveys (2013/14 and 2016/17). Our empirical evidence shows a robust positive impact of financial inclusion efforts undertaken by formal financial institutions...
Journal Article
– Evidence from financial liberalization
THIS ARTICLE IS ON EARLY VIEW This study examines the redistributive effects of financial liberalization, including domestic and external finance reforms, implemented in 64 emerging and low-income countries over the past four decades. To identify these effects, we employ a 'doubly robust' estimation...
According to a recent OECD Report, borderlands experience a greater intensity of violence, especially violence targeted against the state. While there is an expanding literature on the causes of civil conflict, we do not yet fully know why state peripheries are more prone to violence. Our research...
Working Paper
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– Temporary bandages to permanent wounds?
This paper provides a contextual analysis of the adoption of Bitcoin as legal tender in El Salvador. First, we outline the historical context and the political situation of the period 2019–24 that serve as context for the passage and implementation of the Bitcoin law (Decree No. 57). We identify the...
Working Paper
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– A neural network approach
Double taxation treaties, by assigning taxing rights to rival countries and thereby eradicating double taxation, aim to facilitate cross-border trade and investment. The eradication of double taxation is achieved through reductions in withholding tax rates on passive income in source countries...
Working Paper
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The ethnic diversity–financial inclusion nexus remains one of the least explored topics in the literature despite global attempts to promote cultural mixing due to its socioeconomic benefits. We contribute to the literature by examining the link between ethnic diversity and financial inclusion using...
Displaying 16 of 890 results