A model of real exchange rate RER) determination is presented. The model permits long-run equilibrium movements in RER to be distinguished from its short-run disequilibrium dynamics. An important aspect of the model is that is explicitly considers the parallel market premium as one of the...

The production function approach is used to analyze the role of farmers’ education, infrastructure, and political instability on aggregate agricultural production in East Africa. Lack of price data prevent application of modern duality approaches. All countries in the region are assumed to be...

In response to difficulties associated with direct monetary controls, many countries in Sub-Saharan Africa are shifting to indirect, market-based, systems of monetary management. As monetary authorities make that transition they are confronting four sets of issues – monetary programming and...

For African countries engaged in structural reform, resource constraints on education systems are likely to rise over the next several years. Absent a significant increase in resources, educational enrollment ratios are likely to remain stagnant or decline, and allocative efficiency in education...

This paper overviews the major problems confronting African Financial systems and sketches a wide range of issues for future research. The framework of modern financial theory is utilized in analyzing the characteristics of African financial systems. The framework begins with an idealized market...

This study examined the relationship between managerial involvement in strategy, management training and effective strategy implementation within large, private manufacturing companies in Kenya. The results were compared with those of selected studies done in other countries. The findings...

This paper reports the results of an extensive research study investigating the advertising media development trends for 15 print and broadcast media variables in 51 African countries for the 25-year period 1964-1988. Trend analysis was carried out for 5 geographical regions, 3 population size...

This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in a sample of 10 Sub-Saharan African countries, using quarterly data from 1978 through 1989. Causality tests and impulse response functions derived from vector autoregression...