This paper examines the effect of institutions on economic performance in developing countries. Based on data from the World Bank and the Global Competitiveness Report 2008-2009, we use a sample of ninety-seven developing economies and find that institutions do affect economic development in...

This paper examines the impact of geography, access, urbanization, and trade on per capita GDP in developing countries. Based on data from the World Bank and using a sample of sixty-six developing economies, we find that per capita GDP is linearly dependent upon geography and access as measured...

This paper reformulates the finance-growth nexus in the case of developing countries. Using the Neoclassical growth framework, our contribution is threefold. First, we show that entrepreneurship is a growth-enhancing factor in both financial intermediary equilibrium and financial market...