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Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes

Fatás, Antonio; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

This Paper is an empirical study of fiscal policy in countries with extreme monetary regimes. We study members of multilateral currency unions, dollarized countries that officially use the money of another country, and countries using currency boards. We find that belonging to an international...

Persistent link: https://www.econbiz.de/10005791738

Europe's 'New' Stock Markets

Bottazzi, Laura; Da Rin, Marco - C.E.P.R. Discussion Papers - 2002

The creation of Europe’s ‘new’ stock markets represents a major experiment in market design with important implications for the ability to support innovative, fast-growing companies. We evaluate the success of these markets based on a large number of measures of firm performance and...

Persistent link: https://www.econbiz.de/10005123860

Growth, Colonization, and Institutional Development: In and Out of Africa

Bertocchi, Graziella - C.E.P.R. Discussion Papers - 2011

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history … influence, in and out of Africa, of the slave trades. The essay ends with critical conclusions and suggestions for further …

Persistent link: https://www.econbiz.de/10009225960

Human Development in Africa: A Long-run Perspective

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2011

Long-run trends in Africa’s well-being are provided on the basis of a new index of human development, alternative to … experienced in other developing regions. Within Africa, Sub-Saharan Africa has fallen steadily behind the North since mid-20th …

Persistent link: https://www.econbiz.de/10009322973

Evidence on the impact of minimum wage laws in an informal sector: Domestic workers in South Africa

Dinkelman, Taryn; Ranchhod, Vimal - C.E.P.R. Discussion Papers - 2011

South Africa and variation in the intensity of this law to identify increases in wages for domestic workers and find no …

Persistent link: https://www.econbiz.de/10009365006

Land deals in Africa: pioneers and speculators

Collier, Paul; Venables, Anthony J - C.E.P.R. Discussion Papers - 2011

Much African land currently has low productivity and has attracted investors purchasing (or leasing) land as a speculative option on higher future prices or productivity. If land deals are to be beneficial they need to induce productivity enhancing investments. Some of these will be publicly...

Persistent link: https://www.econbiz.de/10009367429

Growth, History, or Institutions? What Explains State Fragility in Sub-Saharan Africa

Bertocchi, Graziella; Guerzoni, Andrea - C.E.P.R. Discussion Papers - 2010

We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic …

Persistent link: https://www.econbiz.de/10008468636

The vulnerability of sub-Saharan Africa to the financial crisis: the case of trade

Berman, Nicolas; Martin, Philippe - C.E.P.R. Discussion Papers - 2010

In the early stage of the 2008-2009 financial crisis, the conventional wisdom was that financial under-development of sub Saharan African economies may be a blessing in disguise because it insulates them from the direct effects of the crisis. This paper argues that this may also make African...

Persistent link: https://www.econbiz.de/10008530377

Migration and Economic Mobility in Tanzania: Evidence from a Tracking Survey

Beegle, Kathleen; De Weerdt, Joachim; Dercon, Stefan - C.E.P.R. Discussion Papers - 2010

This study explores to what extent migration has contributed to improved living standards of individuals in Tanzania. Using a 13-year panel survey, the authors find that migration between 1991 and 2004 added 36 percentage points to consumption growth. Although moving out of agriculture resulted...

Persistent link: https://www.econbiz.de/10008530383

Ruggedness: The Blessing of Bad Geography in Africa

Nunn, Nathan; Puga, Diego - C.E.P.R. Discussion Papers - 2007

effect on income. However, in Africa rugged terrain afforded protection to those being raided by slave traders. Since the … slave trade retarded subsequent economic development, in Africa ruggedness also has had a historical indirect positive … Africa the indirect positive effect dominates the direct negative effect. Looking within Africa, we provide evidence that the …

Persistent link: https://www.econbiz.de/10005136410