We re-examine the law-finance theory relying on 33 countries in sub-Saharan Africa over the period 2004-2011. Our evidence suggests that legal origin significantly explains cross-country differences in financial development and economic volatility. More importantly, relative to civil law, English common law countries and those in Southern Africa have higher financi...

Corruption is a pervasive challenge confronting the world economy more especially countries in sub-Saharan Africa. This paper investigates the effect of corruption on economic growth in the sub-region using data spanning 1998 to 2011. By employing the pooled estimated generalised least squares (EGLS) and two stage least squares (2SLS), we find that corruption is in...