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Financial Development and the Diffusion of Technologies under Uncertainty in Africa
Chinzara, Zivanemoyo - Economic Research Southern Africa (ERSA) - 2014
Using novel measures of technology diffusion and adoption developed by Comin and Hobijn (2012), we examine the role of finance in the timing of adoption and the diffusion of thirteen sectoral technologies in 44 Sub-Saharan Africa countries. These technologies cover sectors such as agriculture,...
Persistent link: https://www.econbiz.de/10010940469
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The Cape of Perfect Storms: Colonial Africa’s first financial crash, 1788-1793
Havemann, Roy; Fourie, Johan - Economic Research Southern Africa (ERSA) - 2015
This paper investigates the causes and consequences of colonial Africa’s first financial crash, which happened in South Africa’s Dutch Cape Colony. The 1788–1793 crisis followed a common sequence of events: trade and fiscal deficits were monetized by printing money, credit...
Persistent link: https://www.econbiz.de/10011265449
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Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies?
Hove, Seedwell; Mama, Albert Touna; Tchana, Fulbert Tchana - Economic Research Southern Africa (ERSA) - 2011
Most emerging market economies (EMEs) which have implemented inflation targeting (IT) have continued to experience large, frequent and sometimes persistent inflation target misses. At the same time these countries had reformed their institutional structures when implementing IT. In this paper we...
Persistent link: https://www.econbiz.de/10009320385
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Property Rights, Institutions and Source of Fuel Wood in Rural Ethiopia
Damte, Abebe; Koc, Steven F. - Economic Research Southern Africa (ERSA) - 2011
-level institutions, and household demand for fuel wood, as measured by the source from which fuel wood is collected. A multinomial … active local-level institutions increase household dependency on open access forests, while land security reduces open access … forest dependence. However, local-level institutions are found to reduce the role of private fuel wood sources, while tenure …
Persistent link: https://www.econbiz.de/10009320812
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Measuring Institutions: Indicators of Political Rights, Property Rights and Political Instability in Malawi
Fedderke, Johannes; Garlick, Julia - Economic Research Southern Africa (ERSA) - 2010
This paper aims to construct a new set of institutional indicators for Malawi. Our political freedom index correlates strongly with the Freedom House political rights and civil liberties indices, but consists of a far longer time series, which can be used to examine long-run issues with greater...
Persistent link: https://www.econbiz.de/10008563330
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Using Economic Incentives to encourage Conservation in Bioregions in South Africa
Muchapondwa, Edwin; Biggs, Harry; Driver, Amanda; … - Economic Research Southern Africa (ERSA) - 2009
mechanisms for mainstreaming biodiversity conservation in bioregions. Institutions are singled out as one important class of … socio-economic arrangements directly associated with economic incentives. Institutions are thus likely to be a major …
Persistent link: https://www.econbiz.de/10008563344
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How Does Colonial Origin Matter for Economic Performance in sub-Saharan Africa?
Agbor, J.A.; Fedderke, J. W.; Viegi, N. - Economic Research Southern Africa (ERSA) - 2010
This paper investigates the channels through which colonial origin affects economic outcomes in sub-Saharan Africa (SSA). It focuses on four key channels of transmission namely, human capital, trade openness, market distortion and selection bias. In contrast with previous studies where only...
Persistent link: https://www.econbiz.de/10008516088
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Alternative indices of political freedoms, property rights, and political instability for Zambia
Fedderke, J.W.; Lourenco, I.; Gwenhamo, F. - Economic Research Southern Africa (ERSA) - 2011
This paper presents new institutional measures for Zambia. Coverage is of political rights and freedoms, of property rights, and of political instability. The sample period is from 1947 to 2007. Comparison of the indices with directly comparable Zimbabwean and Malawian series, shows strong...
Persistent link: https://www.econbiz.de/10008876349
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Mechanism Between Mining Sector and Economic Growth in Zimbabwe, is it a Resource Curse?
Mahonye, Nyasha; Mandishara, Leonard - Economic Research Southern Africa (ERSA) - 2015
realize economic gains from these endowments. Keywords: Mineral resources, institutions, economic growth and OLS estimation …
Persistent link: https://www.econbiz.de/10011165821
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Quality of Institutions: Does Intelligence Matter?
Kalonda-Kanyama, Isaac; Kodila-Tedika, Oasis - Economic Research Southern Africa (ERSA) - 2012
This paper analyzes the eect of the average level of intelligence on different measures of the quality of institutions … determinants of institutional quality. It follows that countries with higher IQ levels enjoy institutions of better quality than … more intelligent populations that build better institutions and some other countries with less intelligent populations that …
Persistent link: https://www.econbiz.de/10010568131