Using panel data from 39 countries, this paper examines the effects of financial deepening and openness to trade and foreign capital (FDI) on rural-urban inequality in Africa. Four estimations were performed: OLS pooled cross-section, GLS pooled cross-section, fixed effects model and an adjusted...

We explore the effects of openness to trade on growth and the implications for income convergence in Africa. Fixed-effect estimation results indicate that the evidence on the direct impact of openness to trade on growth is mixed and there is no support for conditional convergence. On the other...

This paper uses the Granger-causality technique to test Friedman 's hypothesis that variability in monetcuy growth causes changes in velocity. Two models are constructed and tested. The first model uses aggregate money without distinction between the anticipated and unanticipated money growth....

This paper has two main objectives. First, we examine whether trade can fully explain the differences between Mauritius and Madagascar in development patterns. Second, based on the analysis of trade patterns in the two countries, we outline the main implications for trade between the two African...