This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy...

The Zambian economy has grown relatively fast over the last decade. This article discusses the challenge of using these growing resources effectively to improve the welfare of the population and reduce poverty. The poverty head count index is found to have declined between 1998 and 2004 by about...

This paper investigates the relationship between income diversification and income change within Zambian smallholder households, and investigates what the constraints of income diversification are in this group. A panel data set of roughly 7000 smallholder farmer households interviewed in 2001...

1) One can achieve poverty reduction in rural areas of Zambia by both growth and inequality reduction, but growth must be the main driver; 2) Rural income growth does not come from agriculture alone so options to diversify income are very important and should be pursued; 3) But careful attention...

The Zambian economy has grown relatively fast over the last decade up to the current global financial crisis. This paper discusses the challenge of using these growing resources effectively to improve the welfare of the population and to reduce poverty. The poverty head count index is found to...