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This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...
Persistent link: https://www.econbiz.de/10014082217
participation in the World Trade Organization, or, more controversially, some form of bilateral punishment, may be used …
Persistent link: https://www.econbiz.de/10013317902
Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating … percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The …
Persistent link: https://www.econbiz.de/10013133905
corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government …
Persistent link: https://www.econbiz.de/10013085987
spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We … the world sample, while openness and droughts seem to only affect Africa. In addition, a few common determinants - proxies …Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest …
Persistent link: https://www.econbiz.de/10013065149
This study applies statistical analysis to estimate the macroeconomic effects of Fund-supported adjustment programs on African countries during the period 1973-86. The results indicate that inflation fell significantly in countries with adjustment programs that were implemented satisfactorily....
Persistent link: https://www.econbiz.de/10012781303
Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model … welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk …
Persistent link: https://www.econbiz.de/10012866889
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset...
Persistent link: https://www.econbiz.de/10012866905
Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The …
Persistent link: https://www.econbiz.de/10013048362
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666