Showing 1 - 10 of 157
Africa's recent growth performance has raised expectations of a bright economic future for the continent after decades … of decline. Yet there is a genuine question about whether Africa's growth can be sustained, and if so, at what level. The …
Persistent link: https://www.econbiz.de/10010951305
sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad … institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa … Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment …
Persistent link: https://www.econbiz.de/10005718867
In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a … celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey … contrasts the predominant "transformational" approach (West saves Africa) to occasional swings to a "marginal" approach (West …
Persistent link: https://www.econbiz.de/10005777960
-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial …
Persistent link: https://www.econbiz.de/10009147977
Africa’s recent economic growth is at a historical high. The patterns associated with this growth appear to be quite … of Africa’s growth. One thing is clear: the recent growth is not well understood. Against this background, we adapt Lewis …’s (1954) dual-economy model to the economies of Africa to better understand the role that the “in-between” sector as defined …
Persistent link: https://www.econbiz.de/10011201884
Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are justified on efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public funds, features a minimum revenue guarantee and a...
Persistent link: https://www.econbiz.de/10005714794
Public transit accounts for only 1% of U.S. passenger miles traveled but nevertheless attracts strong public support. Using a simple choice model, we predict that transit riders are likely to be individuals who commute along routes with the most severe roadway delays. These individuals' choices...
Persistent link: https://www.econbiz.de/10011105931
Ethnic favoritism is seen as antithetical to development. This paper provides credible quantification of the extent of ethnic favoritism using data on road building in Kenyan districts across the 1963-2011 period. Guided by a model it then examines whether the transition in and out of democracy...
Persistent link: https://www.econbiz.de/10010969355
In Sub-Saharan Africa, 600 million people live without electricity. Despite ambitions of governments and donors to … electrification rates remain very low despite significant investments in grid infrastructure. This pattern holds across time and for … infrastructure and economies of scale, subsidies and new approaches to financing connections are necessary. …
Persistent link: https://www.econbiz.de/10010950926
This study investigates the performance of the financial system in Burundi in mobilizing and allocating resources. Although the study does not presume that finance is the most binding constraint to growth and socio-economic development in Burundi, it takes the view that unlocking the financing...
Persistent link: https://www.econbiz.de/10010950937