The market for public office: Why the Indian state is not better at development

Wade, Robert

doi:10.1016/0305-750x(85)90052-x

Cited by 375 publications

(174 citation statements)

References 8 publications

Supporting

Mentioning

159

Contrasting

Unclassified

Order By: Relevance

“…The insignificant effect of Polity IV has a twofold explanation: the time and level hypotheses for the benefits of democracy. In line with Asongu (2012b), the time and level hypotheses have been documented: in many countries in Africa (Lemarchand, 1972), Southeast Asia (Scott, 1972), India (Wade, 1985) and Turkey (Sayari, 1977); post 1990 communist countries like Russia (Varsee, 1997) and: many Latin American countries upon different waves of democratization (Weyland, 1998). …”

Section: Updated Financial Dynamics and Modified Pri Measurementmentioning

confidence: 94%

On the Substitution of Institutions and Finance in Investment

Asongu

2014

SSRN Journal

View full text Add to dashboard Cite

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence on policy and academic debates. This paper relaxes his hypotheses on the conception, definition and measurement of finance and institutions because they are less realistic to developing countries to which the resulting policy implications are Using updated data (1996)(1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010) from 53 African countries, we provide more robust evidence on the substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with the underlying paper. Justifications for the differences in findings are discussed. As a policy implication, the Ali (2013, EB) findings for countries with poor financial systems may not be relevant for Africa.

show abstract

Section: Updated Financial Dynamics and Modified Pri Measurementmentioning

confidence: 94%

On the Substitution of Institutions and Finance in Investment

Asongu

2014

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…The advent of democratisation doesn't really bring alongside good politicians that equitably share the fruits of economic prosperity. The case of many developing countries in Southeast Asia (Scott, 1972), India (Wade, 1985) and Turkey (Sayari, 1977); post-communist countries like Russia (Varsee, 1997) and many Latin American countries upon the waves of democratisation (Weyland, 1998) confirm this fact. It is in this vein that Asongu (2011b) advises that democracy once initiated in Africa should be accelerated to edge the appeals of authoritarian regimes and reap the benefits of time and level hypotheses.…”

Section: The Impact Of Institutional and Political Liberalisationmentioning

confidence: 95%

The impact of liberalisation policies on income inequality in African countries

Batuo

Asongu

2015

Journal of Economic Studies

View full text Add to dashboard Cite

Despite over three decades of Liberalisation policies in Africa, income-inequality has stayed persistently high. Using updated panel data of 26 African countries spanning the period 1996-2010, this study examines the effect of liberalisation policies with particular focus on financial, trade, institutional, political and economic liberalisations on income-inequality. We find: that financial liberalisation has a levitated income-redistributive effect with the magnitude of the de jure measure (KAOPEN) higher than that of the de facto measure (FDI); that exports, trade and 'freedom to trade' have an equality incidence on income-distribution;and that institutional and political liberalisation has a negative impact and we also find that, economic freedom has a negative income-redistributive effect possibly because of the weight of its legal component. The impact of these policies implications are discussed in detail in this study.JEL Classification: F30; F41; F50; O15; O55

show abstract

“…As far as we have reviewed, most of the literature that has addressed these issues have focused on the economic 5 In fact the literature has already covered exhaustive case studies showing how institutions deteriorated with the advent of liberalization policies. Consistent with Asongu (2011a), this is the case of many developing countries in Africa (Lemarchand, 1972), Southeast Asia (Scott, 1972), India (Wade, 1985) and Turkey (Sayari, 1977); post 1990 communist countries like Russia (Varsee, 1997) and many Latin American countries upon different waves of democratization (Weyland, 1998). 6 Sector competition is even more evident because Bairagya (2010) has concluded that linkages between the formal and informal sectors help grow the informal manufacturing sector.…”

Section: Liberalization and Financial Sector Activitiesmentioning

confidence: 99%