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The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of … rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …
Persistent link: https://www.econbiz.de/10012468832
Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments … poverty alleviation; and that the constraints imposed by Sub-Saharan Africa's human and physical geography are not core …
Persistent link: https://www.econbiz.de/10012471865
's economy and polity. We discuss recent works that shed light on Africa's colonial and precolonial legacies. The emerging corpus …As Africa's role on the global stage is rising, so does the need to understand the shadow of history on the continent … uncovered strong evidence of historical continuity as well as instances of rupture in the evolution of the African economy. The …
Persistent link: https://www.econbiz.de/10012480929
effect on income. However, in Africa rugged terrain afforded protection to those being raided during the slave trades. Since … the slave trades retarded subsequent economic development, in Africa ruggedness has also had a historical indirect … for Africa the indirect positive effect dominates the direct negative effect. Looking within Africa, we also provide …
Persistent link: https://www.econbiz.de/10012463730
Can part of Africa's current underdevelopment be explained by its slave trades? To explore this question, I use data … exported from each country during Africa's slave trades. I find a robust negative relationship between the number of slaves …
Persistent link: https://www.econbiz.de/10012465283
systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 - 1900 …
Persistent link: https://www.econbiz.de/10012453911
economy, all provided the Israeli economy with an entry "ticket" to the OECD; the 35-member group of the world advanced …The global economy has been buffeted by several unprecedented economic events during the past 35 years. We survey the … during this time, from a low income high-inflation developing economy in the 1970s, to a medium to high income stable …
Persistent link: https://www.econbiz.de/10012456112
This essay offers an economic-history perspective of the long struggle towards macroeconomic stability. The paper is a broad analytical overview of major exogenous shocks and shifts in macroeconomic policy and institutions in Israel since the 1977-1985 great inflation through the global...
Persistent link: https://www.econbiz.de/10012479766
This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...
Persistent link: https://www.econbiz.de/10012468673
Persistent link: https://www.econbiz.de/10013480802