This study analyzes the evolution of institutions in Côte d’Ivoire using a new set of data on institutions. Three types of indexes have been constructed: the Property Right Index, the Political Freedoms and Civil Liberties Index and the Political Instability Index. These indicators correlate fairly well with some macroeconomic indicators and with some of the institutional indices produced by the Freedom House. The analysis shows an improvement in political freedom and civil liberties in Côte d’Ivoire over the period 1887-2010.
For economic transactions, including debt transactions, to occur in a market system, property rights are essential. The literature has focussed on finding empirical proof of the effect of property right regimes, noting differences between de jure and de facto property rights. Yet most of these studies focus on macroeconomic outcomes, like economic growth and public expenditure.
This paper investigates the causes and consequences of colonial Africa’s first financial crash, which happened in South Africa’s Dutch Cape Colony. The 1788–1793 crisis followed a common sequence of events: trade and fiscal deficits were monetized by printing money, credit extension accelerated, the exchange rate fell sharply and inflation spiked. The domestic conditions were compounded by a deterioration of international conditions and political uncertainty.
The study investigates the role of mineral resources in economic development and sees how the extractive sector impacts the overall performance of the economy of a country endowed with a diverse minerals and metals. We analyzed the economic growth model using human capital, population growth, property rights, and political rights, share of mineral exports to total exports, real growth of mining, real growth of agriculture, real growth of manufacturing and growth in foreign direct investments for the period 1970 - 2008.
Using novel measures of technology diffusion and adoption developed by Comin and Hobijn (2012), we examine the role of finance in the timing of adoption and the diffusion of thirteen sectoral technologies in 44 Sub-Saharan Africa countries. These technologies cover sectors such as agriculture, communication and information technology, industry, and transport. The results show that financial development enhances the timing and diffusion of technologies both directly, and indirectly, through reducing the risk associated with new technologies.
This paper analyzes the eect of the average level of intelligence on different measures of the quality of institutions, using a 2006 cross-sectional sample of 113 countries. The results show that average IQ positively affects all the measures of institutional quality considered in our study, namely government efficiency, regulatory quality, rule of law, political stability and voice and accountability. The positive effect of intelligence is robust to controlling for other determinants of institutional quality.
This paper starts from the now widely-held premise that biodiversity conservation ought to take place both inside and outside protected areas if biodiversity targets are to be met. Given the potential inter-linkages of areas inside and outside protected areas in ecosystems, the ultimate structure of biodiversity conservation should be bioregional landscape management. A framework for studying the factors affecting biodiversity conservation in bioregions is suggested.