The research study attempts to quantify probable macroenconomic effects of demographic changes in Kenya given the available evidence that Kenya is going through a demographic transition. First, the study establishes linkages between demographic variables and sectoral government expenditures...

Prior to the 1970s, agricultural exports were Nigeria's main sources of foreign exchange. During this period, Nigeria was a major exporter of cocoa, palm oil, palm kernel, groundnuts and rubber, and in the 1950s and 1960s, 3%-4% annual output growth rates for agricultural and food crops were...

This paper uses a computable general equilibrium model consistent with stylized facts about Cameroon to assess the impact of the 1994 regional fiscal reform. Two main elements characterize this model: it accounts for the asymmetric impact with trading partners and the dualism on product and...

The study explored the sequencing and actions so far taken in the liberalization process in Kenya and the interest rate levels, spreads and determining factors, as an indicator of financial sector response to the reform process.

The study looks at the institutional factors affecting the development of the Ghana stock market. Additionally, the study analyses the impact of the listing of Ashanti Goldfields corporation on the development of the Ghana stock market.

Previous studies on the Nigerian parallel market found "return predictability". Based on this finding, we quantify, using Hansen's GMM estimation technique, the risk-return charateristics implicit in the simplest trading strategy of "buy and hold" an optimal portfolio of currencies. The...

Cameroon has experienced periods of economic growth and decline. During the growth period, public expenditures increased the size of the public sector. The decline period, which started in 1986, has been characterized by government expenditures that outstripped revenues. This study analyzes the...

Using available bilateral trade data between members of the Common Market for Eastern and Southern Africa (COMESA) formerly PTA, this study estimated the extent of intra-industry trade and the factors that determine this trade in the region. The results of the study show that indeed this trade...

This paper is structured as follows : First, we outline the problem of fiscal policy and growth in Cote d'Ivoire. Second, we describe the critical economic and fiscal sequence of events in the country from 1970 to 1989. This lets us build up a comprehensive model that allows a discussion of the...