This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discussed and the theory behind this equation is briefly presented. Then the empirical literature...

Entrepreneurial networks are multifunctional; they can be used to access information about technologies and markets or to reduce uncertainties. A network`s function affects its structure and both the magnitude and nature of the impact that it has on enterprise performance. Networks that reduce...

The paper examines the effects of reform and structural adjustment on the urban labour market in Ethiopia using a combination of cross-section and panel data based on surveys conducted both pre- and post- reform. During this period Ethiopia has seen impressive growth in GDP but little in the way...

This paper examines the contractual practices of African manufacturing firms using survey data collected in Burundi, Cameroon, Ghana, Ivory Coast, Kenya, Zambia and Zimbabwe. Descriptive statistics and econometric results are presented. They show that contractual flexibility is pervasive and...

Delegation and policy rules are frequently suggested strategies for governments to establish credible commitments. Existing literature on rules and delegation in macroeconomic policy has generally avoided the question of why governments that delegate or establish rules do not subsequently...

This study examines the consequences of alternative relief and development interventions on the well being of households in rural Zimbabwe. It does so by: a) establishing a framework that links household resources to levels of poverty; b) validating the quantitative data with group wealth...

We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data...

In this paper I extend Lee`s two-stage structural probit analysis in order to test and measure the existence and scope of a public sector job queue in Ethiopia. Recent urban household survey data reject the absence of job rationing in favour of an implicit queue of most private sector workers...

The paper is concerned with the investment response to temporary trade shocks when capital in the commodity and import-competing sectors is irreversible once installed. Previous literature has argued in general terms that investment is likely to rise in response to sharp relative price movements...

The paper investigates the effects of ethnic diversity on economic performance and the risk of violent conflict. Diversity has various detrimental microeconomic effects, tending to reduce public sector performance, increase patronage, and lower the level of trust among individuals. However,...