In order to solve detrimental outcomes resulting from behaviors and preferences, the microeconomic and behavioral literature often consider distinctly an individual alone and external factors which would influence his behavior. For instance wrong choices could be made because of poverty, starvation or low level of education. However, it might be inaccurate to depict individual’s characteristics … Continue reading Group’s influences
The existence of formal and informal markets for credit is a common phenomenon in developing countries. Being originally from Egypt which is considered as a developing country, I decided to talk about RoSCAs where I grew up being surrounded with this kind of informal associations everywhere in the society. But wait!! What are RoSCAs? RoSCAs … Continue reading Rotating Savings and Credit Associations (RoSCA) is it only for poor?! Case study of RoSCA ‘’Gamieya’’ in Egypt
“Formal SMEs contribute up to 60% of total employment and up to 40% of national income (GDP) in emerging economies.” (Bell, 2015) This quote, published by the Worldbank points out the high significance of small firms in developing countries. But amongst others they face one relevant problem: they cannot profit from economies of scale the … Continue reading Is support for small firms in developing countries really in the interest of the specific countries?
Introduction There are plenty of economic problems, which have an increasing attention every day: hunger, illiteracy, corruption, the ones that are clear how to measure and clearer how to fight, as there are policy strategies and implications developed for this. Recently, one more question has been asked: whether it's possible to measure happiness and how … Continue reading Is connection between income and level of happiness an illusion?
Corruption can be defined as abuse of administrative authority or entrusted power to achieve personal benefits. Often, regulations and administration should be circumvented by corruption. Corruption is a topic in every country, even in the most developed ones. (Transparency International 2016, 1) The abuse of administrative power is often barely noticeable for outsiders. (Bardhan 1997, … Continue reading Is Corruption an Obstacle to Development?
The Impact of pension systems on fertility rates: A lesson for developing countries? Does a change in age structure influence economic growth? Right now in a lot of developing countries the demographical change is supporting the economical growth. Responsible for this is the growing working-age population, which is growing faster than the number of consumer … Continue reading Children as a pension plan
Culture is always being used in many contexts, such as in means of culinary habits, art literature but here it is relevant to the collective beliefs of group of people on their behaviors, and discuss Culture is more important whenever the discussion is being held in relevance to any economic and development studies, as Max … Continue reading Corruption as a Part of Cultural Phenomenon