"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...

The global financial roller coaster, with the Euro zone as its lead car, has hit economic prospects across the globe. The South African economy, with its close links to the world economy, has suffered, too, resulting in weakened growth prospects, lower fiscal revenues, lower and more volatile...

The city of eThekwini or Durban has undergone a period of rapid urbanization that has contributed to the degradation of the city's natural environment. Climate change is placing further strains on the city's ability to manage the urban environment. The urban environmental profile of eThekwini...

This study estimates the contribution of nature-based tourism in Zambia to economic growth and poverty reduction as well as to the sustainability of the management of the wildlife estate. The Zambian Government has identified tourism along with agriculture, mining and manufacturing as the most...

The tourism sector in the Eastern Caribbean continues to face major challenges in the new millennium. These include 1) continued dependence on the health of the developed economies as the primary source of tourists (Europe and the USA); 2) the low value added to the islands' economies from...

Sri Lanka's ten-year development framework aims at accelerating economic growth while ensuring a path of sustainable development and prioritizing conservation of the country's natural heritage. It is in this context that this policy note seeks to examine the scope for enhancing protection of Sri...

"In this paper, the authors use a highly disaggregate general equilibrium model to analyze the feasibility of a wage subsidy to unskilled workers in South Africa, isolating and estimating its potential employment effects and fiscal cost. They capture the structural characteristics of the labor...