August 2018

The Importance of financial reporting to capital market development in Ghana

The finance literature suggest that investment decisions are largely influenced by the quality of corporate financial information released by firms in their financial statements, and that capital market participants use corporate financial information released by firms for investment decisions. Factors that influence the development of capital markets in developing markets include: appropriate legal and regulatory...

Author(s): Williams Abayaawien Atuilik and Hussein Salia  

August 2018

Drivers of economic growth in Ethiopia: Does foreign aid and policy complementarity matter?

The main research question here is to address drivers of economic growth in Ethiopia using the time series data from 1970 to 2016 where the complementarity of aid and policy index is critically assessed. The empirical result from cointegration test confirms the existence of long run relationship among the variables entered in the per capita growth equation. In the long run, foreign aid inflow entered alone has a...

Author(s): Kitessa Delessa Terefe