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This paper develops a model of opportunistic behaviour in which an incumbent government resort to expansionary fiscal and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset of 51 African countries covering the period 1980 to...
Persistent link: https://www.econbiz.de/10010425074
savings in sub-Saharan Africa (SSA), with a focus on the effect of financial liberalization on private savings. It also …
Persistent link: https://www.econbiz.de/10013279902
A key policy problem in most developing countries is the size of the informal sector and its persistence over time. In need to increase their tax revenues, policy makers face a trade-off between decreasing tax rates (making formalizing potentially more attractive) and alternatively raising tax...
Persistent link: https://www.econbiz.de/10012109882
To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its …, but also new risks as Africa's integration with the global economy evolves. Climate change is impacting productive sectors …
Persistent link: https://www.econbiz.de/10010225330
that Kenya, as the ninth largest economy in Africa and the fourth largest in sub-Saharan Africa and with a locational …
Persistent link: https://www.econbiz.de/10011411141
-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital … ; absorptive capacity ; technology ; Africa …
Persistent link: https://www.econbiz.de/10008908332
. -- tourism ; economic growth ; Africa ; panel vector autoregression …
Persistent link: https://www.econbiz.de/10009153221
Controversy over the aggregate impact of foreign aid has focused on reduced form estimates of the aid-growth link. The causal chain, through which aid affects developmental outcomes including growth, has received much less attention. We address this gap by: (i) specifying a structural model of...
Persistent link: https://www.econbiz.de/10009260998
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has … of diversification in Africa's economies-in contrast to Asia's success stories. Structural adjustment did not change the … manufacturing and service clusters, Africa is yet to follow East Asia in integrating with the global economy in ways that add value …
Persistent link: https://www.econbiz.de/10011396968
This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e.g., poverty and infant mortality), and measures of...
Persistent link: https://www.econbiz.de/10009767897