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Elizabeth Asiedu

Professor, Economics
Primary office:
437 Snow Hall



Current Research & Projects
Research Interests

International Economics, Development Economics, Economics of Africa

Selected Publications

“Does Foreign Aid Mitigate the Adverse Effect of Expropriation Risk on Foreign Direct Investment?” Journal of International Economics 78.2 (2009): 268-275.

“The Effect of Corruption on Firm Level Investment: Evidence from Transition Countries, Latin America and the Caribbean and Sub-Saharan Africa.” Review of Development Economics 13.2 (2009): 200-214.

“The Effect of Globalization on Firm Profit: Do Owners’ Race/Ethnicity Matter?” American Economic
Review Papers and Proceedings 97.2 (2007): 368-372.

"The Determinants of Employment of Affiliates of US Multinational Enterprises in Africa," Revised version publishedin Development Policy Review, 22 (4), (2004), 371-379 .

"Debt Relief and Institutional Reform: A focus on Heavily Indebted Poor Countries," Revised version published in Quarterly Review of Economics and Finance , 43 (4) (2003), 614-626.

"Discount Factors and Thresholds: Foreign Investment when Enforcement is Imperfect," Revised version published in  Macroeconomic Dynamics, 4 (1) (2000), 1-21.

Courses Taught

ECON 587 Economic Development of Africa 
ECON 605 International Finance


B.S. in Math & Computer Science, University of Ghana (1988); M.S. in Mathematics, University of
Illinois (1992); M.S. in Economics, University of Illinois (1994); Ph.D. in Economics, University of Illinois (1998)


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