Economic distance and cross-country spillovers among African economies: Implication for growth and Development

South African Economic Woes: Poor Political Leadership and Rating Downgrades Hampers Growth and Development

Purpose:  The paper aims to focus on South Africa’s poor economic performance and the regular downgrades of the country’s economic and financial rating by international rating agencies. It attempts to show that these continuous downgrades are a recipe for economic and financial disaster in the long – run; that the continuance of this phenomenon will stymie the implementation of the National Dev...

Institutional Spillovers and Economic Growth

privatization and economic growth; a cross country study

in this paper, we intend to investigate the impact of privatization on economic growth in developing and transition economies. previous studies that have attempted to measure this relationship have conflicting results, some indicating a positive impact of privatization on growth, while others indicate a negative relationship. our study uses recent world bank data on privatization for 117 countr...

Natural Resources, Institutions Quality, and Economic Growth; A Cross-Country Analysis

Abstract[1] Natural resources as a source of wealth can increase prosperity or impede economic growth.  Empirical studies with different specifications and data are also mixed on whether natural resources are curse or blessing. In fact, the variety of model specifications, measurements, and samples in the empirical literature makes it difficult to generalize the results. In this study, a growth...

Welfare Impacts of Cross-Country Research Spillovers

The present study focuses on the welfare implications of intellectual property protection (IPP) in agriculture, when the associated knowledge has commercial application in more than one country. Attention is paid to the realistic case where countries provide different IPP levels. A model is developed to determine who benefits from, and who should pay for the associated research. A key contribut...