The influence of exchange rate signals in an economy is very powerful and often pervasive. Economists and policy makers thus strongly regard the real exchange rate (RER) as a key tool to influence the economy due to its role in determining production and consumption choices between domestic and...

Between 2009 and 2011, Zimbabwe's GDP growth averaged an impressive 7.3 percent, making it one of the world's fastest-growing countries. Yet World Bank governance indicators place Zimbabwe's government among the world's worst, and the Fraser Institute's Economic Freedom of the World index ranks...

Population growth is one of the fundamental factors that directly determine the supply of human resources which are indisputably critical for production. Population growth plays a pivotal role in country's economic development trajectory. Most economically developed countries have significantly...

Current account deficit has become a common phenomenon in both developed and developing countries. Although there is a plethora of perspective towards the current account deficit-economic growth nexus, there is still no consensus on the impact and direction of causality. This study seeks to...

How exposure to risk affects economic growth is a key issue in development. This article quantifies both the ex ante and ex post effects of risk using long-running panel data for rural households in Zimbabwe. It proposes a simulation-based econometric methodology to estimate the structural form...