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Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of its population. The opportunity of African countries to convert these changes into demographic dividends for growth and poverty reduction will depend on several factors. The...
Persistent link: https://www.econbiz.de/10011096292
After an impressive acceleration in growth and poverty reduction since the mid-1990s, many African countries continue to register robust growth in the aftermath of the global financial crisis. Will this growth persist, given the tepid recovery in developed countries, numerous weather shocks, and...
Persistent link: https://www.econbiz.de/10010829536
In this paper, Arbache, Go, and Page examine the recent acceleration of growth in Africa. Unlike the past, the performance is now registered broadly across several types of countries-particularly the oil-exporting and resource-intensive countries and, in more recent years, the large- and...
Persistent link: https://www.econbiz.de/10005129297
Using a tax model of an open economy, the authors provide a simple but rigorous method for estimating the fiscal impact of trade reform. Both the direction and the magnitude of the fiscal consequences of trade reform depend on the elasticities of substitution and transformation between foreign...
Persistent link: https://www.econbiz.de/10005134105
How many countries are on target to achieve the Millennium Development Goals by 2015? How many countries are off target, and how far are they from the goals? And what factors are essential for improving the odds that off-target countries can reach the goals? This paper examines these questions...
Persistent link: https://www.econbiz.de/10009319538
East Asia has experienced a dramatic decrease in output growth volatility over the past 20 years. This is good news, as output growth volatility affects poor households because of coping strategies that have long-term, harmful consequences, and the overall economy through its negative impact on...
Persistent link: https://www.econbiz.de/10004968938
This paper analyzes the drivers and consequences of sudden stops of capital flows. It focuses on the impact of external vulnerability on the depth and length of sudden stop crises. The authors analyze 43 developing and developed countries between 1993 and 2006. They find evidence that external...
Persistent link: https://www.econbiz.de/10004969744
Prevailing measures of relative poverty put an implausibly high weight on relative deprivation, such that measured poverty does not fall when all incomes grow at the same rate. This stems from the (implicit) assumption in past measures that very poor people incur a negligible cost of social...
Persistent link: https://www.econbiz.de/10004979106
Persistent link: https://www.econbiz.de/10011105842
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