This paper develops a recursive dynamic computable general equilibrium (DCGE) model to evaluate sources of accelerated growth and structural transformation. It goes beyond stylized and aggregate general equilibrium models by examining country-specific growth options to reach middle income...

Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...

This paper takes a local perspective on global food price shocks by analyzing food price transmission between regional markets in Ghana. It also assesses the impacts of food price increases on various household groups. Taking the 2007-2008 global food crisis as an example, we show that prices...

Summary Widespread rural poverty in Africa and the success of Asia's Green Revolution suggest that agriculture is a key sector for African development. However, in response to recent skepticism, this paper examines whether the conventional wisdom about agriculture's contribution to the...

Petroleum subsidy reform is increasingly seen as an opportunity for consolidating public finances and fostering sustainable economic development. Yemen, as the country with the lowest per capita income in the group of countries with a high level of energy subsidies, started to reduce subsidies...

Data from the Groningen Growth and Development Center's Africa Sector Database and the Demographic and Health Surveys reveals that much of Africa's recent growth and poverty reduction has been associated with a substantive decline in the share of the labor force engaged in agriculture. This...