2013

Search filters
Working Paper 192 - Empirical Analysis of Agricultural Credit in Africa: Any Role for Institutional Factors
24/12/2013
Working Paper 192 - Empirical Analysis of Agricultural Credit in Africa: Any Role for Institutional Factors
A strong and efficient agricultural sector has the potential to enable a country feed its growing population, generate employment, earn foreign exchange and provide raw materials for industries. It is however ironical that...Read more
Authors:Adeleke Salami, Damilola Felix Arawomo
Working Paper 190 - Early Warning Systems and Systemic Banking Crises in Low Income Countries: A Multinomial Logit Approach
23/12/2013
Working Paper 190 - Early Warning Systems and Systemic Banking Crises in Low Income Countries: A Multinomial Logit Approach
The global financial crisis has stimulated new interest in models aimed at providing early warning about the risk of a systemic banking crisis based on early warning systems (EWSs). While most of the focus has been on advanced...Read more
Authors:G. Caggiano, P. Calice, L. Leonida
Working Paper 191 - Do Firms Learn by Exporting or Learn to Export: Evidence from Senegalese Manufacturers’ Plants
23/12/2013
Working Paper 191 - Do Firms Learn by Exporting or Learn to Export: Evidence from Senegalese Manufacturers’ Plants
This paper investigates the link between exports / trade openness and firms’ performance in the Senegalese manufacture sector, using a rich and unique firm-level panel data spanning the period 1998-2011. The data has been...Read more
Authors:Cisse Fatou, Ji Eun Choi
Working Paper 189 - An Empirical Investigation of the Taylor Curve in South Africa
23/12/2013
Working Paper 189 - An Empirical Investigation of the Taylor Curve in South Africa
Heightened uncertainty and slow growth following the financial crisis have raised expectations about the role of monetary policy in stimulating growth. At the same time, South Africa’s economy has been subject to a number of...Read more
Authors:E. Ndou, N. Gumata, M. Ncube, E. Olson
Working Paper 188 - Remittances and their Macroeconomic Impact: Evidence from Africa
23/12/2013
Working Paper 188 - Remittances and their Macroeconomic Impact: Evidence from Africa
Over the past decade, remittances to Africa and developing countries through formal channels grew rapidly, due to increased migration and reduced transaction costs. Currently, remittances are the largest international flow of...Read more
Authors:Mthuli Ncube, Zuzana Brixiova
Working Paper 187 - The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
23/12/2013
Working Paper 187 - The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia
A real exchange rate that is broadly aligned with its equilibrium value is an important part of a country’s macroeconomic and external competitiveness framework. Persistently misaligned real exchange rates can cause a...Read more
Authors:Z. Brixiova, B. Égert, T. Hadj Amor Essid
Working Paper 186 - Balancing Development Returns and Credit Risks: Evidence from the AfDB’s Experience
23/12/2013
Working Paper 186 - Balancing Development Returns and Credit Risks: Evidence from the AfDB’s Experience
The objective of this paper is to shed light on the workings of project quality-at-entry frameworks used by development finance institutions during their project appraisal to measure the expected developmental returns of...Read more
Authors:Y. Arvanitis, M. Stampini, D. Vencatachellum
Working Paper 185 - Remittances and the Voter Turnout in Sub-Saharan Africa: Evidence from Macro and Micro Level Data
23/12/2013
Working Paper 185 - Remittances and the Voter Turnout in Sub-Saharan Africa: Evidence from Macro and Micro Level Data
For many developing countries including in Sub-Saharan Africa, international remittance flows represent a large and stable source of external finance. Recent empirical studies using Sub-Saharan African data have demonstrated the...Read more
Authors:Christian Ebeke, Thierry Yogo
Working Paper 184 - Does Oil Wealth Affect Democracy in Africa?
23/12/2013
Working Paper 184 - Does Oil Wealth Affect Democracy in Africa?
This paper empirically investigates the effects of oil wealth on democracy in Africa. This is because democracy provides a check on governmental power and limits the potential of public officials to amass personal wealth and to...Read more
Authors:John C. Anyanwu, Andrew E. O. Erhijakpor
Working Paper 183 - Global Economic Spillovers to Africa- A GVAR Approach
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
Working Paper 182 - Rising Food Prices and Household Welfare in Ethiopia: Evidence from Micro Data
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
Working Paper 181 - Determining the Correlates of Poverty for Inclusive Growth in Africa
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
Working Paper 180 - Marital Status, Household Size and Poverty in Nigeria: Evidence from the 2009-2010 Survey Data
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
Working Paper 179 - Heterogeneity of the Effects of Aid on Economic Growth in Sub-Saharan: Comparative Evidence from Stable and Post-Conflict Countries
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
Working Paper 178 - Holding Excess Foreign Reserves Versus Infrastructure Finance: What should Africa do?
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
Working Paper 177 - A Macroeconometric Model for Rwanda
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
Working Paper 176 - Medium-Term Sustainability of Fiscal Policy in Lesotho
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
Working Paper 175 - Youth Employment in Africa: New Evidence and Policies from Swaziland
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
Working Paper 174 - African Development Finance Institutions: Unlocking the Potential
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
Working Paper 172 - Political Economy of Service Delivery: Monitoring versus Contestation
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