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This paper analyzes expenditure composition and economic development in Benin. It addresses some specific issues on the basis of a stylized model of the Beninese economy that highlights the tradeoff between expenditure on wages and investment. The model takes into account specific...
Persistent link: https://www.econbiz.de/10014401598
This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various...
Persistent link: https://www.econbiz.de/10014401724
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3)...
Persistent link: https://www.econbiz.de/10014401748
Despite economic hardships during the past 20 years, Africa has recently enjoyed positive real economic growth, transformed its economic structures and systems, and improved living standards. Much of this owes to the determined pursuit of growth-oriented adjustment efforts, with IMF support, by...
Persistent link: https://www.econbiz.de/10014401773
Climate Change: Stimulating a Green Recovery” looks at the global problem of climate change. With the world apparently on an economic recovery path, policymakers are looking at ways to limit the impact of climate change through broad international action. One of the challenges is to balance...
Persistent link: https://www.econbiz.de/10014401942
Persistent link: https://www.econbiz.de/10011582647
Persistent link: https://www.econbiz.de/10001861063
1. Introduction -- 2. The increasing financialisation of everything? -- 3. Financialisation : how and why is it happening? -- 4. The relationship between the virtual and the material -- 5. Frontiers of accumulation and ecology -- 6. Illicit financial flows and exemptions from sovereignty -- 7....
Persistent link: https://www.econbiz.de/10013182130
Persistent link: https://www.econbiz.de/10015080094
This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over...
Persistent link: https://www.econbiz.de/10014398003