Loan and Investment in a Developing Economy: An Ethiopian Perspective

This collection investigates various issues of investment and credit that are of importance to any developing economy. It uses micro- and macro-economic data from Ethiopia to analyse such topics as determinants of foreign direct investment, of bank credit and trade credit, microfinance and poverty reduction, and rural credit issues. The book applies sophisticated, state-of-the-art statistical techniques to analyse the data and derive policy recommendations. To the extent that the Ethiopian economy shares many features and policy issues with other developing economies, the text will be of interest to academics working in the field of development economics, and also to policy makers and policy analysts in developing countries and in development agencies throughout the world.

Arnis Vilks studied economics, philosophy, mathematics, and political science at the University of Hamburg, Germany, where he obtained a doctorate in Economics in 1983. Since 1995, he has held the Chair of Microeconomics at HHL Leipzig Graduate School of Management, Germany, where he served as Dean from 2000 to 2005. He is a life member of Cambridge University’s Clare Hall, UK, and has taught or conducted research at numerous universities, including Stanford University, USA, the University of Latvia, and the Australian National University. Further to this, he served as Tandem Dean at Mekelle University, Ethiopia, from 2013 to 2014. He has published three books and numerous articles in journals such as Journal of Economic Theory, Economics and Philosophy and Methods of Operations Research. His research interests include philosophical issues in economics, game theory, and development economics.

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