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23/09/2013 Working Paper 183 - Global Economic Spillovers to Africa- A GVAR Approach
In this paper, we develop a global vector autoregressive (GVAR) model, with 46 African and 30 foreign countries covering 90% of the world GDP, to examine the growth spillovers coming from the Euro zone and BRICs. To our...Read more
Authors:Daniel Zerfu Gurara, Mthuli Ncube
23/09/2013 Working Paper 182 - Rising Food Prices and Household Welfare in Ethiopia: Evidence from Micro Data
The Ethiopian economy has witnessed double-digit rate of inflation since 2003, surging to a peak of 53% in June 2008. The significant rise in the relative prices of grain and other foodstuff such as sugar, edible oil and other...Read more
Authors:Abebe Shimeles, Andinet Delelegn
23/09/2013 Working Paper 181 - Determining the Correlates of Poverty for Inclusive Growth in Africa
From 2000 to 2012, Africa’s economy has grown rapidly and remarkably, averaging over 5 percent. In 2012 GDP growth in Africa was 6.6 percent, even at a time developed nations are experiencing growth contraction. In spite of the...Read more
Authors:John C. Anyanwu
23/09/2013 Working Paper 180 - Marital Status, Household Size and Poverty in Nigeria: Evidence from the 2009-2010 Survey Data
Recent studies on a sample of sub-Saharan Africa have shown that only half of widows or their children received property after the death of their husbands. The rates were high in Rwanda66% in Rwanda (60 percent), Namibia (57...Read more
Authors:John C. Anyanwu
23/09/2013 Working Paper 179 - Heterogeneity of the Effects of Aid on Economic Growth in Sub-Saharan: Comparative Evidence from Stable and Post-Conflict Countries
L’Afrique subsaharienne est la première région du monde bénéficiaire de l’afflux de l’aide extérieure. La communauté internationale a consacré plus de 568 milliards de dollars américains d’aide étrangère au développement de...Read more
Authors:Douzounet Mallaye, Yogo Urbain Thierry
24/07/2013 Working Paper 178 - Holding Excess Foreign Reserves Versus Infrastructure Finance: What should Africa do?
Financing infrastructure needs in Africa necessitates new thinking on financing mechanisms. Currently, there is a lively debate on the funding and use of foreign exchange (forex) reserves as one of the funding sources for...Read more
Authors:Cédric Achille Mbeng Mezui, Uche Duru
09/07/2013 Working Paper 177 - A Macroeconometric Model for Rwanda
This paper presents a macroeconometric model of Rwanda built to analyze both endogenous and exogenous shocks. The model is developed considering the supply-constrained nature of the economy. On the supply side, total output is...Read more
Authors:Daniel Zerfu Gurara
19/06/2013 Working Paper 176 - Medium-Term Sustainability of Fiscal Policy in Lesotho
The objective of this paper is to understand whether the current trends in Lesotho’s fiscal policy is sustainable in the short to medium-term and in the event of shocks to key fiscal drivers such as growth, interest rates and...Read more
Authors:Edirisa Nseera
18/06/2013 Working Paper 175 - Youth Employment in Africa: New Evidence and Policies from Swaziland
The main objective of this paper is to document the labor market disadvantages faced by Swazi youth, to analyze changes in these disadvantages over time and to discuss options for addressing them. Swaziland indeed faces a major...Read more
Authors:Zuzana Brixiová, Thierry Kangoye
14/06/2013 Working Paper 174 - African Development Finance Institutions: Unlocking the Potential
Africa escaped the recent global financial crisis relatively unscathed. While the region could not avoid the spill-over effects of the ensuing global economic downturn, its banking sector proved generally resilient. This was...Read more
Authors:Pietro Calice
14/06/2013 Working Paper 172 - Political Economy of Service Delivery: Monitoring versus Contestation
The decentralization of public service delivery often creates local government structures and bureaucracies that fail to deliver the required level of services to local populations. These local government structures involve...Read more
Authors:Kjell Hausken, Mthuli Ncube
14/06/2013 Working Paper 171 - Youth Unemployment and Political Instability in Selected Developing Countries
Across the globe, the recent financial and economic crisis has led to soaring youth unemployment. In Africa for instance, youth unemployment is exacerbated by the additional challenges of a youth population which is considerably...Read more
Authors:Therese F. Azeng, Thierry U. Yogo
14/06/2013 Working Paper 173 - Production and Conflict in Risky Elections
Since the 1980s three major events have shaped the global environment characterising transition to a democratic political system. These are the fall of communism in the late 80s and subsequent democratic election of new leaders;...Read more
Authors:Kjell Hausken, Mthuli Ncube
19/03/2013 Working Paper 170 - Development of Wind Energy in Africa
The paper describes how Africa’s wind energy markets have evolved over the years and the structural characteristics affecting the development of wind energy projects on the continent; providing what we believe is the first...Read more
Authors:D.Mukasa, E.Mutambatsere, Y.Arvanitis, T.Triki
19/03/2013 Working Paper 169 - Monetary Policy and Exchange Rate Shocks on South African Trade Balance
This paper investigates the effects of contractionary monetary policy and exchange rate appreciation shocks on the South African trade balance using vector autoregressions. Thereafter, we identify the dominant channel between...Read more
Authors:Mthuli Ncube, Eliphas Ndou
26/02/2013 Working Paper 168 - Competition and Market Structure in the Zambian Banking Sector
This study evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by entry of new foreign banks and privatisation of the state-owned bank. Using an unbalanced panel of bank...Read more
Authors:Anthony Musonda Simpasa
26/02/2013 Working Paper 167 - Promoting Economic Reforms in Developing Countries Rethinking Budgetary Aid?
This paper aims to contribute to the current debate on budget support by exploring approaches likely to strengthen the linkages between budget support and reforms in the recipient countries. In this regard, the paper introduces...Read more
Authors:Ferdinand Bakoup
26/02/2013 Working Paper 165 - Tax resource mobilization and its impact on household living standards evidence from Niger
This study analyzes the impact of indirect taxes (VAT in particular) on the living conditions of households in Niger and, accordingly, on poverty reduction in Niger. Tax policy is one of the tools through which public action...Read more
Authors:Ahmed Moummi
26/02/2013 Working Paper 166 - Misalignment of Real Effective Exchange Rates: When Should the Franc CFA be Devalued Again?
The Euro area continues to be the largest trading partner of the franc zone countries with a very important share (more than 70 per cent of trade) in half of the 14 countries. Membership of this zone has the advantage of...Read more
Authors:S.Gnansounou, A.Verdier-Chouchane