Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism … to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to … main drivers. Further analysis reveals the existence of a reverse causation from national income to tourism development …

This paper provides an historical overview of aid flows to North Africa. It assesses the aid allocation process and … effectiveness of aid which, with the exception of Tunisia, has not been associated with sustained economic growth. The Arab Spring … provides an opportunity to reappraise aid flows to North Africa and it is argued that future flows need to support the …

of two North African countries, Morocco and Tunisia. We do so by performing a multivariate time series analysis of … depreciation in Tunisia but have no significant effect in Morocco, while FDI does not have an effect on the real exchange rate in …. Morocco and Tunisia provide contrasting outcomes. Our results confirm the importance of the macroeconomic framework in which …

As Africa continues to attract record numbers of international arrivals, there are industry undercurrents that … influence the continent's participation in tourism value chains. African tourism is characterized by high foreign demand, which … elevates the position of global lead firms and increases leakages of tourism spending out of local economies. This paper …

Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and … sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 … and 2005 the size, diversity and sophistication of industry in Africa have all declined. An industrialization strategy …

achieving security, yet the experience of changing policing systems in Africa is disappointing. Only South Africa and a few post …

, especially in Africa, the role of foreign aid in the future should be distinctly different. While aid will be required to …

Over the past two decades, donors increasingly linked foreign aid to democracy objectives in sub-Saharan Africa. Yet … and how foreign aid affects the process of democratic consolidation in sub-Saharan Africa by examining two potential …