Coffee is Uganda`s most important export good. Post-liberalisation, increased competitiveness has increased the extent to which the coffee price fluctuates throughout the marketing chain. Using original survey data collected at all levels of the value chain this paper examines which actors are...

The value of selecting the best forecasting model as the basis for empirical economic policy analysis is questioned. When no model coincides with the data generation process, non-causal statistical devices may provide the best available forecasts: examples from recent work include intercept...

The paper integrates the analysis of price volatility and supply instability for a commodity exporting country, adding consideration of the role of the non-tradable sector to the literature. The non-tradable sector plays a potentially significant role in changing the economy`s response to...

In an environment in which both buyers and sellers can undertake match specific investments, the presence of market competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In particular, this paper shows that when matching is...

This paper investigates the existence of local externalities in manufacturing. In contrast to many other studies that focus on aggregate employment growth, we examine the effect of externalities on firm-level productivity and wages. Our empirical results show that agglomeration externalities...

We provide evidence that firms attempting IPOs condition offer terms and the decision whether to carry through with an offering on the experience of their primary market contemporaries. Moreover, while initial returns and IPO volume are positively correlated in the aggregate, the correlation is...