Financial development and manufactured exports: the african experience

Using a sample of twenty nine African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from resources and agriculture is an important part of Africa’s growth strategy. Our results show that in eleven countries financial development causes manufactured exports and manufactured exports causes financial development in seven countries. We then explore reasons for these findings and find that a rich and surprising set of factors explain our findings

Financial development and manufactured exports: the african experience

Using a sample of twenty nine African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from resources and agriculture is an important part of Africa’s growth strategy. Our results show that in eleven countries financial development causes manufactured exports and manufactured exports causes financial development in seven countries. We then explore reasons for these findings and find that a rich and surprising set of factors explain our findings

Export volume, exchange rates and global economic growth: the Indian experience

Analysis of the nexus of India's export volume, real effective exchange rates and measures of global economic growth is performed using time series techniques of cointegration and causality. The results suggest that India would benefit from a policy of export growth that is managed, rather than stimulated by exchange rate depreciation.

Banking services, transaction costs and international remittance flows

Using a unique data set on the financial sector, this article assesses the impact that financial sector development has on international remittance flows for a sample of 64 countries. The results show that greater financial sector development - as measured by bank branches per 1000�km2 - results in greater remittance flows to a country. However, this study also documents that transaction costs have no impact on remittance flows. This latter finding has important policy implications as reductions in transaction costs are often cited as an important approach to increase remittance flows.

Availability of financial services and income inequality: The evidence from many countries

Using a sample of developed and developing countries this study empirically gauges the impact of the availability of financial services, as measured by the number of bank branches per 100,000 populations on income inequality. The results show that greater access to bank branches robustly reduces income inequality across countries. The study also documents that barriers to bank access significantly increases income inequality.Financial services Macro-finance Income inequality Banking

Multinational Corporations and Child Labor

Using a sample of forty countries that exhibit a high incidence of child labor, this paper assesses the impact that Multinational Corporations (MNCs) have on the incidence of child labor. Our results show that higher levels of Foreign Direct Investment-our proxy for the presence of MNCs-have a beneficial impact on child labor rates, after controlling for other factors. This we hypothesize is achieved through a direct and an indirect channel. Using these channels MNCs pressure host country-based subcontractors, governments, and labor markets in general. This in turn reduces the incidence of child labor.multinational corporations, foreign direct investment, child labor, economic development, globalization,