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Measuring Quarterly Economic Growth from Outer Space
Beyer, Robert; Hu, Yingyao; Yao, Jiaxiong - 2022
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
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Africa's Got Work to Do : Employment Prospects in the New Century
Fox, Louise - 2013
Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on … thesector. Sub-Saharan Africa's projected rapid labor force growth, combined with a lowbaseline level of private sector wage …
Persistent link: https://www.econbiz.de/10013073780
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Policy Responses to Aid Surges in Countries with Limited International Capital Mobility : The Role of the Exchange Rate Regime
Berg, Andrew - 2014
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid — delivering the same effects as...
Persistent link: https://www.econbiz.de/10013058433
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Africa's Rising Exposure to China : How Large are Spillovers Through Trade?
Drummond, Paulo - 2014
, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China's investment growth on SSA …
Persistent link: https://www.econbiz.de/10013060550
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Inclusive Growth : An Application of the Social Opportunity Function to Selected African Countries
Adedeji, Olumuyiwa - 2014
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10013063648
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Determinants of Growth Spells : Is Africa Different?
Tsangarides, Charalambos G. - 2014
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
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Bond Markets in Africa
Mu, Yibin - 2013
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
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Global Financial Transmission into Sub-Saharan Africa – A Global Vector Autoregression Analysis
Canales-Kriljenko, Jorge Iván - 2015
economic activity in sub-Saharan Africa during 1991-2011, except perhaps in South Africa …
Persistent link: https://www.econbiz.de/10013028664
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Africa Rising : Harnessing the Demographic Dividend
Drummond, Paulo - 2014
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
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Does Openness Matter for Financial Development in Africa?
David, Antonio C. - 2014
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