This study aims to analyze the economic impacts of infrastructure investment in Africa, focusing on the Guinea-Bissau economy. Through a dynamic CGE model, we find that the natural resource revenues (or aid)-funded infrastructure investments generate externalities that increase factor returns....

This article was written in recognition of the completion of the publication of the OEuvres économiques complètes of Léon Walras and his father, Auguste. Those writings are important because Auguste contributed concepts to his son?s ideas about economics and because the presentation of the...