Showing 581 - 590 of 592
Commodity terms of trade shocks have continued to drive macroeconomic ‡uctuations in most emerging market economies. The volatility and persistence of these shocks have posed great challenges for monetary policy. This study employs a New Keynesian Dynamic Stochastic General Equilibrium...
Persistent link: https://www.econbiz.de/10010567004
The aim of this paper is deceptively simple: What has war achieved in Africa in the last two hundred years? What have the wagers of war aimed to achieve, even if they did not succeed? Why and in what ways has violence failed? This paper represents a preliminary attempt to explore what can...
Persistent link: https://www.econbiz.de/10010567344
This paper analyzes the eect of the average level of intelligence on different measures of the quality of institutions, using a 2006 cross-sectional sample of 113 countries. The results show that average IQ positively affects all the measures of institutional quality considered in our study,...
Persistent link: https://www.econbiz.de/10010568131
This paper analyses how systematic risk emanating from the macro-economy is transmitted into stock market volatility using augmented autoregressive GARCH (AR-GARCH) and Vector autoregression models. Also examined is whether the relationship between the two is bidirectional. By imposing dummies...
Persistent link: https://www.econbiz.de/10008642803
In this paper we investigate the role of financial development, or more wide-spread access to finance, in generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data and analysis, con.rm the Schumpeterian prediction which...
Persistent link: https://www.econbiz.de/10008642804
We estimate the impact on consumption of South Africa's Land Redistribution for Agricultural Development (LRAD) program, which provides capital and other forms of assistance to beneficiaries to enable market-assisted transfers of property rights from large landowners to the rural poor....
Persistent link: https://www.econbiz.de/10008642805
Obesity is a growing health problem in South Africa. This health problem could have various implications for the South African economy. The aim of this study was to investigate the impact of obesity on employment status in South Africa with the use of household survey data. The study followed a...
Persistent link: https://www.econbiz.de/10010962098
On average, “young”people underestimate whereas “old”people overestimate their chances to survive into the future. We adopt a Bayesian learning model of ambiguous survival beliefs which replicates these patterns. The model is em-bedded within a non-expected utility model of...
Persistent link: https://www.econbiz.de/10010962099
Using a standard panel gravity equation of 175 origin/destination countries between 1995 and 2008, 37 of which are African, we identify the factors that drive African-inbound (arrivals to Africa from other continents) and within-African tourism (arrivals from and to an African country). We find...
Persistent link: https://www.econbiz.de/10009371418
This paper investigates the effect of remittance inflows on the real exchange rate in Sub-Saharan Africa (SSA) using annual data from 1980 to 2008 for 34 SSA countries, generalised method of moments by Arellano and Bover (1995) andfeasible generalised least squares by Parks (1967) and Kmenta...
Persistent link: https://www.econbiz.de/10009371419