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Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends
Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …
Persistent link: https://www.econbiz.de/10010641423
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Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa
Leibfritz, Willi; Rottmann, Horst - CESifo - 2013
procyclicality Africa’s resilience against external shocks improved. This also helped to better cope with the Great Recession of 2009. …
Persistent link: https://www.econbiz.de/10010718528
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Tradable Immigration Quotas
Moraga, Jesus Fernandez-Huertas; Rapoport, Hillel - CESifo - 2013
International migration is maybe the single most effective way to alleviate global poverty. When a given host country allows more immigrants in, this creates costs and benefits for that particular country as well as a positive externality for individuals and governments who care about world...
Persistent link: https://www.econbiz.de/10010607006
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Tradable Refugee-Admission Quotas and EU Asylum Policy
Moraga, Jesus Fernandez-Huertas; Rapoport, Hillel - CESifo - 2014
The current EU Asylum policy is widely seen as ineffective and unfair. We propose an EU-wide market for tradable quotas on both refugees and asylum-seekers coupled with a matching mechanism linking countries’ and migrants’ preferences. We show that the proposed system can go a long way...
Persistent link: https://www.econbiz.de/10011082834
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Politics and IMF Conditionality
Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - CESifo - 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10010877803
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Geopolitics, Aid and Growth
Dreher, Axel; Eichenauer, Vera; Gehring, Kai - CESifo - 2013
We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries’ political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracy’s...
Persistent link: https://www.econbiz.de/10010671571
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Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies
Ploeg, Frederick Van der; Venables, Anthony J. - CESifo - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10005051526
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The Costs of Favoritism: Is Politically-driven Aid less Effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - CESifo - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10008572559
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Economic Geography and Economic Development in Sub-Saharan Africa
Bosker, Maarten; Garretsen, Harry - CESifo - 2008
The physical or absolute geography of Sub-Saharan Africa (SSA) is often blamed for its poor economic performance. A …
Persistent link: https://www.econbiz.de/10005181360
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Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses
Nam, Chang Woon; Schumacher, Jan - CESifo - 2013
Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...
Persistent link: https://www.econbiz.de/10010690376