Despite an impressive level of privatization activity across Africa and the upsurge in research on the operating performance of privatized firms in both developed and developing economies, our empirical knowledge of the privatization programme in Africa is limited. This study appraises the...

The relationship between infrastructure, growth and poverty is empirically robust in the macro- economic and microeconomic literature as well as in the rapidly evolving randomised field evaluation studies. This article appraises the role of infrastructure in economic growth and poverty...

Regulating Development examines the impact that regulation – good or bad – can have on the development of poorer societies. It opens with a succinct review of critical issues, including the implications of the spread of intellectual property rights legislation and the role of the...

This study examines the characteristics and behaviour of key commodity/product markets and market institutions in Africa and their consequences for economic growth. Their contribution to economic growth appears to have been limited by high transaction costs and weak institutions. Government...

The authors assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990-2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their...

The problem of inconsistency of of african data is not new. The determination of the nature and severity of this phenomenon, however, has become of much concern to interested observers. The appropriateness of this concern is reinforced by the need of African countries for timely and accurate...

For a developing country like Nigeria, the price of foreign exchange plays a highly significant role in the ability of the economy to attain optimal productive capacity. This paper, using a statistical analysis, studies the foreign exchange rate behaviour in Nigeria's auction.