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A 2015 World Bank report on the achievement of Millennium Development Goals (MDGs) revealed that since the 1990s …, extreme poverty has been decreasing in all regions of the world with the exception of Africa where about 50 percent of … countries in Sub-Saharan Africa did not achieve the MDG extreme poverty target despite the sub-region enjoying more than two …
Persistent link: https://www.econbiz.de/10011542263
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
Persistent link: https://www.econbiz.de/10011409169
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
Persistent link: https://www.econbiz.de/10011596867
Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...
Persistent link: https://www.econbiz.de/10012908690
-institutions' literature by examining how aid instabilities affect an aggregate index of governance dynamics in Africa …
Persistent link: https://www.econbiz.de/10012997622
Persistent link: https://www.econbiz.de/10012000534
This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory suggests that a society's history of climatic shocks shaped the timing of its adoption of farming. Specifically, as long as climatic disturbances did not lead to a collapse of...
Persistent link: https://www.econbiz.de/10009693400
Persistent link: https://www.econbiz.de/10011665281
path. Hence, we examine the effectiveness of different development policies to exit the poverty trap. Our numerical …
Persistent link: https://www.econbiz.de/10010230511
A recent body of empirical research has documented a strong association between the level and volatility of the RER and economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets. Although the documented positive effects of both RER...
Persistent link: https://www.econbiz.de/10010209280