How does a state's natural resource wealth influence its economic development? For the
past fifty years, versions of this question have been explored by both economists and …

The prime purpose of the article is to revisit past studies related to the link between export
instability, export diversification, and economic growth. In this regard, an extensive literature …

Explaining cross-country differences in growth rates requires not only an understanding of
the link between growth and public policies, but also an understanding of why countries …

In response to a need expressed by the UN General Assembly, an Economic Vulnerability
index (EVI) has been defined by the Committee for Development Policy. The present paper …

This paper draws on the recent endogenous-growth methodology to study the factors behind
differences in per capita growth rates across Africa. The results indicate that various …

This paper aims to assess the role of instabilities on Africa's low rates of growth during the
seventies and eighties, using cross-section econometric estimates, on a sample of African …

This paper examines causal relationships between economic globalization, the three
indices for product diversification of exports (Theil index, intensive margin and extensive …

Observable variables capturing initial conditions can account for well over half of the
variation in developing country growth rates. This paper investigates their role in explaining …

This paper is concerned with the effects of export instability on investment and growth. It is
shown that past cross-sectional empirical studies on the effects of export instability (either in …

I. Introduction The growth performance of many countries in sub-Saharan Africa (SSA) has
been very weak during the past 2 decades. Indeed the decade of the 1980s has been …