In this paper we show that commodity price co-movements between petroleum and other commodities, although infrequent, are not unique to recent periods, as alluded to in the current literature. We find that much of the volatility in commodity prices over long time spans is caused by economic...

We develop a global vector autoregressive model (GVAR) to analyze the globalgrowth spillover e¤ects on Africa. The model contains 46 African countries and30 developed and emerging market countries, covering 90 percent of the world econ-omy. The results suggest that there is a signi…cant growth...

This paper presents a macroeconometric model of Rwanda. The modelis constructed to analyze the macroeconomic e¤ects of various policy interventions.It captures the supply constrained nature of the economy as well as its dependenceon the external sector. The individual equations of the model are...

The importance of the monitoring and evaluation (M&E) function within public administration has been magnified by the growing voice of civil society, which has brought the issues of good governance and more effective public administration to the fore. The global trend towards more accountable,...

The Africa competitiveness report 2011 comes out as the world emerges from the most significant financial and economic crisis in generations. While many advanced economies are still struggling to get their economies back on a solid footing, Africa has, for the most part, weathered the storm...

The publication of this year's Africa Competitiveness Report 2007 (ACR) marks a new level of cooperation in Africa. It is the first report on the region's business environment to present a dual perspective based on a combination of aggregate perception data and firm-level data capturing the...