La política económica argelina entre 1999 y 2002 ha conseguido unos resultados excelentes en términos de control de las magnitudes macroeconómicas básicas, mejorando sensiblemente la solvencia internacional del país gracias sobre todo al aumento sostenido de los ingresos por exportaciones...

Using a South African data set, the paper poses six questions about the determinants of subjective well-being. Much of the paper is concerned with the role of relative concepts. We find that comparator income – measured as average income of others in the local residential cluster - enters the...

“Jamaicans are patient, trustful and law abiding and if properly treated no one has anything to fear. The conditions existing today have not sprung up overnight but they have been left to grow worst till the situation is now acute…. What Jamaica needs now is practical and sympathetic men...

We utilize county-level data to explore growth determination in the U.S. and possible heterogeneity in growth determination across individual states. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. We use a consistent two stage least squares...

South Africa has been facing the double challenge of integrating into global markets as a competitive economy and of overcoming the internal problems created and constantly reinforced by the previous regime. To realize the objective of economic growth through competitiveness on the one hand and...

Securities settlement is an area, where nobody seems to be content with the current international processing systems, but neither has a proposal for improvement emerged that has attracted common support. This paper describes a possible solution based on an international, harmonised and...

In this paper we investigate the implications of labour and capital market imperfections for the relationship between firm size and earnings. To establish that such a question is of interest we need to show that the firm size-wage effect cannot be explained by either the observed or unobserved...

There is much talk of the knowledge economy, and the central role of ideas and knowledge in generating economic growth. This paper provides a brief review of the economic literature on how skills/ knowledge/ ideas might contribute to higher output or higher rates of growth. Ideas are...

The Washington Consensus suffers from fundamental inadequacies, and that a more comprehensive framework of the economic process is needed to guide the formulation of country-specific development strategies. The following five propositions summarise the set of interrelated arguments made in this...

The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...