This study is motivated by the conviction that inflation entails sizeable economic and social costs, and controlling it is one of the prerequisites for achieving a sustainable economic growth. The study analyses the main sources of fluctuations in inflation in Nigeria. Using the framework of...

This paper attempts to investigate the relationship between total energy consumption and economic growth in Nigeria using Granger Causality. The two variables of the study – energy consumption and real GDP were found to exhibit unit root property, i.e. non-stationary. The study finds no clear...

The objective of this evaluation was to assess and document the effectiveness of the unique AERC reserach process in enhancing capacity for high quality research and its relevance to economic policy concerns of the region. This report was prepared following a very in-depth review of research...

The main objectives of this study were to examine critically the availability and quality of economic statistics for a sub-Saharan African countries relevant, in particular, for research; to assess the research reports by AERC researchers as examples of usage; and to develop a programme for...

Inflation appears to be the macro-problem in Ghana for which no antidote has been found under the economic recovery programme. It is possible that either a wrong diagnosis has been made of the problem, or that certain factors within the economy are preventing inflation from staying within target...

The informal financial sector and macroeconomic adjustment in Malawi

Real interest rates adn the mobilization of private savings in Africa.