This paper examines income dynamics for a panel of households resettled on former white-owned farms in the aftermath of Zimbabwe's independence. There are four core findings: (i) there has been an impressive accumulation of assets by these households; (ii) while this accumulation has played a...

This study examines income dynamics for a panel of households resettled on former white-owned farms in the aftermath of Zimbabwe's independence. There are four core findings: (i) over a 13-year period (1983-96) there has been an impressive accumulation of assets and a dramatic increase of crop...

In this paper, we revisit the contested issue of the impact of agricultural extension on farm production. We exploit two features of the data available to us: its longitudinal nature and explicit measures of farmer ability. We find that after controlling for innate productivity characteristics...

This study examines the consequences of alternative relief and development interventions on the well being of households in rural Zimbabwe. It does so by: a) establishing a framework that links household resources to levels of poverty; b) validating the quantitative data with group wealth...

Using original Ugandan data collected by the authors, we examine the determinants of funding to local NGOs. We begin by presenting a simple theoretical model of crowding out. We then turn to the empirical estimation. We find that success in attracting grants from international donors depends...

Trade Liberalisation affects not only the aggregate level of investment but also its composition. We present evidence that African trade liberalisations have been associated with sharp shifts in the composition of investment: investment involving tradable capital goods (equipment) has fallen...

This paper analyses the effects of risk on the holding of inventories and liquid assets by manufacturing firms. Using a panel data set for Zimbabwe which includes firm-specific measures of contractual risk, we show that contractual risk has a major effect on the holding of stocks of inputs and,...

In the 1980s conditional lending for structural adjustment in developing countries moved the IMF beyond its role of macroeconomic crisis management. Fund-supported adjustment programmes have often been flawed by a lack of distributional analysis and by poor sequencing of reforms, notably...

On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than...