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Sub-Saharan Africa's Integration in the Global Financial Markets
Deléchat, Corinne; Wakeman-Linn, John; Wagh, Smita; … - International Monetary Fund (IMF) - 2009
The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample,...
Persistent link: https://www.econbiz.de/10008528679
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Africa Rising: Harnessing the Demographic Dividend
Drummond, Paulo; Thakoor, Vimal; Yu, Shu - International Monetary Fund (IMF) - 2014
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We...
Persistent link: https://www.econbiz.de/10010959480
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Three Propositions on African Economic Growth
Dhonte, Pierre - International Monetary Fund (IMF) - 1995
Persistent link: https://www.econbiz.de/10005264269
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The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets
Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007
We develop a new public domestic debt (DD) database covering 93 low-income countries and emerging markets over the 1975-2004 period to estimate the growth impact of DD. Moderate levels of non-inflationary DD, as a share of GDP and bank deposits, are found to exert a positive overall impact on...
Persistent link: https://www.econbiz.de/10005768875
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The Global Financial Crisis and Workers' Remittances to Africa; What's the Damage?
Chami, Ralph; Barajas, Adolfo; Garg, Anjali; … - International Monetary Fund (IMF) - 2010
Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It...
Persistent link: https://www.econbiz.de/10008519483
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Africa - Is This the Turning Point?
Fischer, Stanley; Hernández-Catá, Ernesto; Khan, Mohsin S. - International Monetary Fund (IMF) - 1998
Persistent link: https://www.econbiz.de/10005605503
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Inclusive Growth; An Application of the Social Opportunity Function to Selected African Countries
Adedeji, Olumuyiwa; Du, Huancheng; Opoku-Afari, Maxwell - International Monetary Fund (IMF) - 2013
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10011242365
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Political transition in a small open economy: Retracing the economic trail of South Africa’s long walk to democracy
Bedasso, Biniam E. - Economic Research Southern Africa (ERSA) - 2014
This paper seeks to offer an economic explanation for the emergence of democracy in societies with high income inequality and narrow middle-class such as Apartheid South Africa. The presence of a credible threat of capital flight is shown to render democracy less unpleasant to the elites by...
Persistent link: https://www.econbiz.de/10011133844
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An Examination of Sub-National Growth in Nigeria: 1999 - 2012
Obikili, Nonso - Economic Research Southern Africa (ERSA) - 2014
I use satellite imagery on night time lights to measure growth across states and local government areas in Nigeria … since the return of democracy in 1999. I show that states in Southern Nigeria have grown faster on average than states in … coefficients to estimate GDP growth for states and local government areas in Nigeria over the period. …
Persistent link: https://www.econbiz.de/10010885333