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Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? : Evidence from a Panel of Countries
Lee, Munseob - 2015
We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the...
Persistent link: https://www.econbiz.de/10013022269
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Staple Food Prices in Sub-Saharan Africa : An Empirical Assessment
Okou, Cedric; Spray, John; Unsal, D. Filiz - 2022
This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can...
Persistent link: https://www.econbiz.de/10014079900
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Overcoming Data Sparsity : A Machine Learning Approach to Track the Real-Time Impact of COVID-19 in Sub-Saharan Africa
Barhoumi, Karim; Choi, Seung Mo; Iyer, Tara; Li, Jiakun; … - 2022
The COVID-19 crisis has had a tremendous economic impact for all countries. Yet, assessing the full impact of the crisis has been frequently hampered by the delayed publication of official GDP statistics in several emerging market and developing economies. This paper outlines a machine-learning...
Persistent link: https://www.econbiz.de/10014083501
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Medium-Term Budget Frameworks in Sub-Saharan African Countries
Allen, Richard - 2017
More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries -- Kenya, Namibia, South Africa,...
Persistent link: https://www.econbiz.de/10012946901
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Growth Breaks and Growth Spells in Sub-Saharan Africa
Arizala, Francisco - 2017
This paper examines the growth performance of sub-Saharan African countries since 1960 through the lens of growth turning points (accelerations and decelerations) and periods of sustained growth (growth spells). Growth accelerations are generally associated with improved external conditions,...
Persistent link: https://www.econbiz.de/10012946903
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The Informal Economy in Sub-Saharan Africa : Size and Determinants
Medina, Leandro - 2017
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity...
Persistent link: https://www.econbiz.de/10012950389
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Remittances and Macroeconomic Volatility in African Countries
Jidoud, Ahmat - 2015
This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittances - as a share of GDP - have a significant...
Persistent link: https://www.econbiz.de/10013024443
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The Cost and Benefits of Tax Treaties with Investment Hubs : Findings from Sub-Saharan Africa
Beer, Sebastian - 2018
This paper investigates the costs and benefits of concluding double tax treaties with investment hubs. Based on a sample of 41 African economies from 1985-2015, the results suggest that signing treaties with investment hubs is not associated with additional investments; yet, these treaties tend...
Persistent link: https://www.econbiz.de/10012907945
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A Governance Dividend for Sub-Saharan Africa?
Hammadi, Amine - 2019
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of … corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption.This paper estimates that strengthening governance and mitigating …
Persistent link: https://www.econbiz.de/10012892907
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Fiscal Dominance in Sub-Saharan Africa Revisited
Hooley, John; Nguyen, Lam; Saito, Mika; Nikaein … - 2021
This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...
Persistent link: https://www.econbiz.de/10013243067