Guinea-Bissau is a small country with a population of 1.7 million along the West African coast. Since gaining its independence from Portugal in 1974, the country has wit - ness ed recurrent political upheavals, with four successful coups d’état, 15 coup attempts, and a short civil war in 1998– 99....

Africa has achieved unprecedented economic growth over the past two decades and is experiencing its longest period of sustained economic growth since the 1960s. The growth rate has not only accelerated, but also spread geographically. In 2015, average real Gross Domestic Product (GDP) grew by 3.5...

There is growing evidence that noncognitive skills affect economic, behavioral, and demographic outcomes in the developed world. Recent research, albeit more limited, suggests that noncognitive skills, which encompass the socio-emotional status of an individual and include an extensive set of...

Modern agricultural inputs such as inorganic fertilizer and pesticides potentially help farmers boost productivity significantly, a goal critical to structural transformation and poverty reduction, particularly in regions like sub-Saharan Africa (SSA). There is a strong, causal relationship between...

Women’s economic opportunities are both an important outcome and driver of successful economic development (Duflo 2012). In recent decades, increasing rates of female participation in the labor market and declining fertility across the globe were simultaneously witnessed (Heath and Jayachandran...

The study ascertains the extent of mispricing in equity portfolios and mispricing–investment relation using the post financial crisis stock information. A risk-augmented capital asset pricing model (CAPM) is specified to estimate the mispricing in equity portfolios while the mispricing– investment...

This paper considers the determinants of conflict in Africa. It revisits the greed– grievance debate to consider the specific regional context and changing nature of conflict in sub-Saharan Africa. This is a literature that has grown rapidly in economics and political science, but some recent...

The conventional Neoclassical literature views illicit financial flows (capital flight) to be a result of portfolio choice decisions by utility optimizing agents. These flows are seen as a response to changes in an individual’s portfolio bundle arising from the standard risk diversification motive...

Using a high-frequency local market price data from Ethiopia, we estimate the effects of exposure to food price inflation during “early life”—inception to the first 24 months after birth—on children’s health. Our analysis focuses on three major staple cereals. The results show that exposure to food...