Showing 1 - 10 of 333
This paper seeks to elucidate the debate over currency union in Africa. The paper examines whether empirical … comovements of prices and outputs, I argue that the emergence of large-scale currency blocs in Africa will follow a gradual path … which emerges seems to suggest three blocs: one in West Africa, a second around South Africa, and a third in Central Africa …
Persistent link: https://www.econbiz.de/10013318078
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012892927
This paper discusses the implications for tax systems of globalization of capital markets and of economies. It shows … the extent to which particular taxes are affected by the globalization process. It speculates on future developments in …
Persistent link: https://www.econbiz.de/10012781971
suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very … Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria …
Persistent link: https://www.econbiz.de/10012950389
This study applies statistical analysis to estimate the macroeconomic effects of Fund-supported adjustment programs on African countries during the period 1973-86. The results indicate that inflation fell significantly in countries with adjustment programs that were implemented satisfactorily....
Persistent link: https://www.econbiz.de/10012781303
economic activity in sub-Saharan Africa during 1991-2011, except perhaps in South Africa …
Persistent link: https://www.econbiz.de/10013028664
This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in...
Persistent link: https://www.econbiz.de/10012889153
This paper examines the evolving importance of common global components underlying domestic financial conditions. It develops financial conditions indices (FCIs) that make it possible to compare a large set of advanced and emerging market economies. It finds that a common component, 'global...
Persistent link: https://www.econbiz.de/10012927458
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
Africa and its major Regional Economic Communities (RECs). The results of the instrumental variable and panel fixed …-effects estimation show that RTI promotes economic growth in Africa. However, it fosters income divergence, reflecting the distribution …
Persistent link: https://www.econbiz.de/10013243044