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profitability of firms remains unclear. We reconstruct the annual financial records of Sena Sugar Estates in Portuguese East Africa … to the performance of the firm. We show that Sena Sugar Estates achieved stable and solid returns to capital, comparable …
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All countries, especially developing countries with limited financial resources, face difficult decisions in prioritizing public funds for investment projects in order to achieve strategic public goals in the face of multiple demands. Effective investment often requires coordination between...
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We examine the link between individual characteristics and sorting into different occupations using data from university students in Mozambique. We provide a comprehensive approach combining the main determinants of occupational sorting identified in the literature in a single framework to test...
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Using a micro-level approach to poverty traps, this paper explores welfare dynamics among households in post-war rural Mozambique. Conceptually, the paper builds on an asset-based approach to poverty and tests empirically, with household panel data, for the existence of a poverty trap. Findings...
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