Showing 1 - 10 of 298
We investigate the relevance of beta (β, absolute and conditional) and sigma (σ) convergence in the economies of the Common Monetary Area of Southern Africa and in the provinces of the Republic of South Africa using panel data, allowing an understanding of growth and inequality in the region....
Persistent link: https://www.econbiz.de/10012404488
This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area and in the provinces of South Africa. Decomposition results for the Common Monetary Area reveal that the growth of aggregate and sectoral gross domestic product is driven by...
Persistent link: https://www.econbiz.de/10012432956
This working paper has been prepared within the UNU-WIDER project 'Foreign Aid': Research and This paper confronts three conundrums. First, does the relationship between aid and growth fade over time when aid is successful? Second, why are aid inflows neglected in the literature on growth...
Persistent link: https://www.econbiz.de/10009516705
There is limited research on the underlying institutional framework of tax policy and capacity: how tax collection efficiency changes over time and the importance of institutional factors in this process. This paper fills this gap by devising a measure of tax capacity distinct from commonly used...
Persistent link: https://www.econbiz.de/10012650748
We investigate the marginal productivity of investment across countries. The aim is to estimate the return on … investment data our findings are remarkably robust; the average gross return on 'aid investments' is about 20 per cent. This is …
Persistent link: https://www.econbiz.de/10010531061
This paper examines the income inequality implications of a 'premature deindustrialization' trend in middle-income countries. To identify the premature deindustrialization phase, we arrive at five conditions based on the trends in employment and value-added share of manufacture. Among these five...
Persistent link: https://www.econbiz.de/10012423067
Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy, and this question has gained critical importance particularly in the African context, where a wave of democratization in the early 1990s coincided with the start of a new era of...
Persistent link: https://www.econbiz.de/10010252703
for investment and growth. Our findings provide suggestive evidence in support of the East Asian Paradox. …
Persistent link: https://www.econbiz.de/10012102930
The role of the state in promoting development is well established in the institutional economics literature. Yet, in recent decades the attention has been turned to the opposite side of the spectrum. Facing high levels of poverty and showing a slower progress in achieving development outcomes,...
Persistent link: https://www.econbiz.de/10011806733
The South African constitution is considered progressive and transformative in intention due to its inclusion of socioeconomic rights, such as the right to education, land, food, and healthcare. However, some of these rights are qualified by the availability of resources to the state, which...
Persistent link: https://www.econbiz.de/10014390486