An intertemporal general equilibrium model of the United States and MERCOSUR is created to analyze the dynamic adjustments in both regions' commodity and capital markets after trade liberalization. Simulation results show that tariff reductions initiated by MERCOSUR have small positive effects...

This study focuses on public investments and policy reforms for leveraging growth spillovers at the African regional level. A conceptual framework that is built on the endogenous growth theory and the new economic geography is presented first to gain a better understanding of the underlying...

Africa's recent economic growth is at a historical high. The patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of...

Tanzania's rapid labor productivity growth has been accompanied by a proliferation of small, largely informal firms. Using Tanzania's first nationally representative survey of micro, small, and medium-sized enterprises (MSMEs) - this paper explores the nature of these businesses. It finds that...