In December 2008, the Ethiopian Commodity Exchange (ECX) opened a new coffee platform that has transformed Ethiopia’s coffee trade. The way ECX handles coffee in a commodity fashion has eroded traceability, a characteristic sought after by overseas coffee buyers. This paper traces the forces...

The literature indicates that financial liberalization improves the efficiency of credit allocation by reducing credit rationing. This argument, based on the availability doctrine, states that financial liberalization increases the amount of investable funds; hence, reduces the number of loan...

Public investments are key policy instruments used by governments in pursuing their overall development goals and strategies. Given the limited resources available to an economy, the chosen projects should fit into the overall development strategy, which usually concerns many stakeholder groups....

The paper discusses the principal labour market distortions and their effects on the social cost of jobs created in industrial projects. Two alternative approaches – a partial and a general equilibrium analysis - have been put forth in a systematic way to estimate the social cost of job...

The paper presents a theoretical framework for the appraisal of industrial projects. The analysis begins with the commercial evaluation followed by the economic evaluation from the national point of view. Notes are also made regarding indirect effects, the impact of the project on a town and...

This research examines households’ willingness to pay (WTP) for an improved electricity service. Households’ stated WTP is estimated using the choice experiment method (CE). The data used in the estimations came from 350 in-person interviews conducted during the period 5–22 August 2008 in...

The study evaluates economic and financial returns of the shift from indigenous type of breed to cross-breed dairy cattle for milk production. Ethiopia is characterised by the high cost of cross-breed heifers making the transition for the poor households almost impossible without a support from...

Peru's Camisea gas fields hold nearly ninety percent of the country's natural gas reserves. In the 1990s, the government insisted on prioritizing Camisea gas for domestic consumption. The revocation of this policy in the 2000s allowed the private developers to export forty percent of Camisea's...

Milk is one of the main sources for the livelihood of pastoralists around the world. Somali Region in Ethiopia is famous for the high density of livestock, implying significant potential for milk production. The perishable nature of the milk and the absence of the milk processing facilities do...

The purpose of this study is to develop a model to arrive at a joint optimizing strategy for capital budgeting for the construction of new school buildings and for the renovation of existing schools. This model provides a practical tool for ranking construction projects so as to yield the...