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The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...
Persistent link: https://www.econbiz.de/10009320785
procyclicality Africa’s resilience against external shocks improved. This also helped to better cope with the Great Recession of 2009. …
Persistent link: https://www.econbiz.de/10010718528
Several African countries have to increase their tax revenues to finance human and economic development. General consumption taxes, such as VATs, are the preferred instrument for doing so, because they are less detrimental to growth than income taxes. To enable their use, VAT design has to be...
Persistent link: https://www.econbiz.de/10011093981
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …
Persistent link: https://www.econbiz.de/10010641423
Persistent link: https://www.econbiz.de/10000571337
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financing facilities such as the Enhanced Private Sector Assistance (EPSA) for Africa should get full use. Whether Africa can …
Persistent link: https://www.econbiz.de/10012442032
Office of the Special Adviser on Africa (UN-OSAA) and the NEPAD-OECD Africa Investment Initiative. …
Persistent link: https://www.econbiz.de/10012443395
This publication explores current global security issues, their development in West Africa and their potential impact … policies and dialogue between West Africa, North Africa and OECD countries. …
Persistent link: https://www.econbiz.de/10012443745
Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile capital in order to foster economic development, albeit FDI might increase regional inequality since the many different regions of a country usually do not receive FDI in equal...
Persistent link: https://www.econbiz.de/10010598908