The test on the presence of full insurance that is commonly employed does not take intoaccount that households also rely on buffer stocks to shield their consumption from incomeshocks. In this paper a test is developed that deals with this omission. It is shown that in thepresence of partial...

The status of paralysis in which Zimbabwe has slipped throughout the past 37 years might be traced back to the Banana Administration. Since 1980, a number of economic policies have been formulated and subsequently implemented in Zimbabwe and yet the economy is still under intensive care. This...

While most entrepreneurs around the globe acknowledge that they began their businesses either as a hobby or a secondary source of income, the mushrooming of SMEs in Zimbabwe has been prompted by unprecedented company closures which saw many workers losing their jobs. SMEs occupy a central...