The fundamental challenge about remittances is that they are viewed as a new source of development finance. Focusing on the case of Senegal in the period 1974 to 2005, this paper analyses how financial development affects the impact of remittances on economic growth. The empirical analysis reveals...

This paper evaluates the impact of financial sector development on poverty decomposed by gender, in rural Cameroon. Several works have highlighted the impact that financial sector development could have on economic growth and poverty reduction. The incorporation of gender considerations in this...

In 1991, Egypt introduced a series of financial reforms to boost the efficiency and productivity of Egyptian banks by limiting state interventions and enhancing the role of market forces. Enticed by the tremendous transformation of this industry, the current study measures the efficiency and...

financial system and the implications for investment analysis and risk sharing. First, we show that African stock markets are not well integrated with each other, raising important questions about the quest for a pan-African exchange. Second, we find weak stochastic trends between African markets...

This study analyses the effects of financial openness on productive efficiency and technology catch-up in four countries in the Mediterranean Basin (Algeria, Egypt, Morocco, and Tunisia) as compared to the situation about the same in a group of developed countries (France, Germany, Japan, and the...

From marginal access to school before 1960, African modern education systems expanded steadily during the 1960s and 1970s, prompted by high priority given to education. The 1980s experienced stagnation and decline due to drastic decrease in education financing further to the balance of payment and...

Despite the substantial recent increase in capital flows to sub-Saharan Africa, the subcontinent remains largely marginalized in financial globalization and chronically dependent on official development aid. The current debate on resource mobilization for development financing in Africa has...

On the occasion of the Fourth Tokyo International Conference on African Development (TICAD IV) held from 28 to 30 May, 2008, in Yokohama, Japan, the TICAD Initiative pledged to continue its support to boost trade and investment flows with Africa. The Yokohama Declaration, Plan of Action and its...

Utilisant les méthodologies de la frontière de production stochastique avec effet d'inefficience variable (Battese et Coelli, 1995) et celle de la métafrontière (Battese et al. 2004) ce papier analyse l'impact de l'intégration financière sur le rattrapage technologique et l'efficience productive...