Starting from 1991 Egypt introduced a series of financial reforms to boost the efficiency and productivity of Egyptian banks by limiting state interventions and enhancing the role of market forces. Enticed by the tremendous transformation of this industry the current study measures the efficiency...

This paper examines the effects of regional euro-currency integration on economic growth in Sub-Saharan Africa. As having a currency pegged to the euro is likely to be a source of shocks to output, we parameterize a Solow growth model by specifying the level of technology as a function of...

Il s’est agit d’évaluer l’impact du développement du secteur financier sur la pauvreté selon le genre en milieu rural camerounais. De nombreux travaux ont mis en exergue l’impact que le développement du secteur financier pouvait avoir sur le processus de croissance économique et de réduction de la...

This paper investigates the role of structural dynamics and transformation, especially in the form of increased manufacturing share in aggregate output, in accelerating growth and reducing growth volatility in Africa. Using data from 36 African countries, the paper examines the key determinants of...

This paper explores rural wage employment and its potential as a mechanism for improving the well being of the rural population in three African countries: Ghana, Malawi and Nigeria. Using nationally representative household survey data, the paper compares the experiences of these three countries...

This paper analyzes characteristics of nonfarm enterprises, their employment growth patterns, and constraints in doing business in rural Tanzania. Using unique survey data, the authors describe a low-return sector struggling to compete in a difficult business environment. However, about one-third...

Scientific evidence clearly shows that as a result of greenhouse emissions, the global climate is changing. Poor developing countries are at most risk because they are more dependent on agriculture; more vulnerable to coastal and water resource changes; and have less financial, technical and...

This paper uses panel data from a large number of developing countries, two measures of external aid, and a Dynamic Panel Data (DPD) estimator to investigate whether external aid has a significant effect on human capital formation in Less Developed Countries (LDCs). Specifically, we investigate...

This paper addresses integration of African stock markets into the global financial system and the implications for investment decisions and risk sharing. First, we show that African countries are not well integrated with each other. Thus, numerous attempts at regionalism are yet to yield the...