Exports, in this study, are more productive than non-exports, but why? Using a micro-panel dataset from five African countries we show that more productive small and medium enterprises (SMEs) self-select into exporting. Ultimately we are interested in impact of exporting on productivity. Results...

Vast empirical evidence underscores that exporting firms are more productive than non-exporters. As governments accordingly pursue export-promoting policies we are interested in the firmness of these conclusions with respect to African small and medium sized enterprises (SMEs) and the influence...

Current macro-economic textbooks provide a fatally misleading description of the money supply process in modern economies. Over the past 20 years Post Keynesian authors have established conclusively that despite strictly-enforced cash reserve requirements, changes in the supply of bank deposits...