Competition in the financial sector, as in other sectors, matters for allocative, productive, and dynamic efficiency. Theory suggests, however, that unfettered competition is not necessarily best given the special features of financial services. The author discusses these analytical...

В статье рассмотрена динамика такого интегрального экономического показателя, как валовый внутренний продукт в развивающихся странах, охарактеризованы...

This paper argues that understanding the mechanisms of growth requires going beyond the reduced form, and demonstrates important differences in the mechanisms of growth in Africa. Certain policy distortions and exogenous factors are more costly to growth in Africa than elsewhere, while the...

The study found evidence of worsening inequality and poverty in spite of economic growth. It was found also that male-headed households seem to have fared worse, and that poverty is more pronounced in rural areas and in the northen regions (zones). The poor policy stance during the period is...

This paper argues that understanding the mechanisms of growth requires going beyond the reduced form, and demonstrates important differences in the mechanisms of growth in Africa. Certain policy distortions and exogenous factors are more costly to growth in Africa than elsewhere, while the...