March 2012

Research and Development (R&D) spillovers and economic growth: Empirical validation in the case of developing countries

  The aim of this paper is to study the effects of the domestic and foreign Research and Development (R&D) on the total factor productivity (TFP) in the case of the developing countries. In other words, it is to determine the important role of the R&D externalities through the commercial opening in the TFP of these countries and the necessary conditions to enable them absorb the technological...

Author(s):   Sahbi GABSI and  Ali CHKIR        

March 2012

Theoretical issues on the African stock markets and portfolio performance

  The study discusses the theoretical issues surrounding the African stock markets and portfolio performance. It examines the issues underpinning the perception of market inefficiency in African stock markets. It has been proposed that the solution to problems faced by African stock markets is to integrate their stock exchanges by merging the stock exchanges. The study adopted an exploratory research...

Author(s):   Odhiambo Odera