Category: Q. Academic writing
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What Do We Know About Economic Growth Or, why don’t we know very much? was published in World Development 29, 1, 2001, co-authored with David Williams. The last 10 years has seen an explosion in cross country econometric studies of growth, driven by two factors—new mathematical models of the growth process that lend themselves to…
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Why Aren’t Countries Rich? Weak States and Bad Neighbourhoods was published in The Journal of Development Studies 35, 5, 1999. This article challenges a common viewpoint that the policy choices made by state leaders are central to explanations of economic growth. It argues that there are two possible flaws in this viewpoint. First, that state…
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Does Growth Cause Happiness, or Does Happiness Cause Growth? was published by Kyklos 52, 1999. Taking lessons from a conception of the nature and causes of happiness that harks back to Adam Smith and the original Utilitarians, this paper argues that increases in absolute income should have little effect on happiness in rich countries and…
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Senegal and the Entropy Theory of Development was published in the European Journal of Development Research, 10, 1, 1998. This analysis uses Senegal as a test case to study the assumptions made by the governance agenda. After briefly charting the growth of the governance model and the theoretical assumptions on which it rests, the study…
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Stock Markets in Africa: Emerging Lions or White Elephants? co-authored with Todd Moss, was published in World Development, 26, 5 (1998). The number of stock markets in African countries has doubled over the last 7 years. Although these markets remain small and illiquid, they are growing rapidly, and will become an increasingly important part of…