Intra-ECOWAS trade has remaines very low despite the integrations efforts in the subregion in the past two decades. While nothing that these efforts have not progressed as scheduled, this study investigates what the West African countries stand to gain by way of increases in intra-regional trade...

The main objectives of this study were to examine critically the availability and quality of economic statistics for a sub-Saharan African countries relevant, in particular, for research; to assess the research reports by AERC researchers as examples of usage; and to develop a programme for...

The paper assesses whether the exchange rate is affected by monetary policy and whether these effects are permanent or transitory. The paper takes the position that the exchange rate regime determines the flexibility of monetary policy.

This econometric study takes a simulation approach to investigate the impact of external debt on economic growth in sub-Saharan African countries using a small macroeconomic model estimated for 1970-1994. An important finding was the significance of debt overhang variables in the investment...

One of the most dramatic events in Nigeria over the past decade was the devaluation of the Nigerian naira with the adoption of a structural adjustment programme (SAP) in 1986. A cardinal objective of the SAP was the restructuring of the production base of the economy with a positive bias for the...

The paper proceeds as follows. Section I reviews the exchange rate policies that developing countries have been implementing since the Bretton Woods accord. The includes a recall of the exchange rate concept followed by the main characteristics of developing country economic structures and the...

The problem of this study is to evaluate tax reforms as instruments for raising tax yield in Malawi. The study tests two hypotheses: that the yield of the tax system as a whole, of its major components and of individual taxes, is not buoyant; and that the yield of the tax system as a whole, of...

A proposition that has enjoyed wide acceptance among those concerned with the design and the evaluation of the adjustment process in sub-Saharan African (SSA) countries is that the agricultrual sector is critical to a change in the structures of these economies. This proposition is on the basis...