This paper investigates the dynamics between the exchange rate and consumer price inflation in Zambia. The analysis uses a structural vector autoregression, with quarterly data for 1995-2014 and a combination of short-run sign- and zero-restrictions to identify relevant global and domestic...

Does aid contribute to human development other than by increasing growth? In doing so, is aid more or less effective in poorer countries (those with low levels of aggregate welfare)? This paper addresses these issues, assessing if there is cross-country aggregate evidence for an effect of aid on...

Community Development around the World: Practice, Theory, Research and Training. Edited by Hubert Campferns. Toronto and London: University of Toronto Press, 1997. Pp.xvi + 481. NP. ISBN 0 8020 0903 4 and 7884 2 Cultural Perspectives on Development. Edited by Vincent Tucker. London and Portland,...

For sub-Saharan African countries with few evident opportunities to diversify export earnings away from primary commodities, tourism has emerged as an option to contribute to economic growth. This study uses input-output analysis to estimate the economic impact of tourism and assesses its...

This paper is a contribution to the literature on aid and growth. Despite an extensive empirical literature in this area, existing studies have not addressed directly the mechanisms via which aid should affect growth. We identify investment as the most significant transmission mechanism, and...