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This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a...

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What...

This paper investigates convergence and dynamic effects of human and physical capital on growth,...

Based on data collected on a wide range of financial sector indicators, new indices of financial...

With cross-section data from 53 emerging and mature markets, we provide evidence that equity...

Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality...