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Over the decades leading to the global financial crisis, the world witnessed a deepening integration of world economies, irrespective of a country’s geographical location on the spherical space. This process of increasing interdependence of world economies, most notably illustrated by the...
Persistent link: https://www.econbiz.de/10011394313
Despite the recent increase in capital flows to Sub-Saharan Africa, the region remains largely marginalized in financial globalization and chronically dependent on official development aid. And with the potential decline in the level of official development assistance in a context of global...
Persistent link: https://www.econbiz.de/10011394318
In spite of the similarities between Sub-Saharan Africa and the Arab Gulf region (Gulf Cooperation Council states), development policies implemented in these two regions of the world have produced markedly different and even divergent outcomes. While Gulf Cooperation Council states have drawn on...
Persistent link: https://www.econbiz.de/10011394319
Over the past few decades, the foreign liabilities of the majority of countries in Sub-Saharan Africa have grown dramatically, propelling most nations into the status of Highly Indebted Poor Countries, when these liabilities reached unsustainable levels in the 1990s. At the same time, increases...
Persistent link: https://www.econbiz.de/10011394336
In light of the proliferation of exceptionally large fiscal stimuli to ward off the recession triggered by the 2008 global economic and financial crisis in most advanced economies, this paper revisits the fiscal adjustment and growth nexus in Sub-Saharan Africa. Using transfer functions, it...
Persistent link: https://www.econbiz.de/10011394600
Sub-Saharan Africa's dismal development outcomes - growth collapse and declining real income - are often used to highlight its sharp development contrast with other regions of the developing world. Drawing on a large cross-section analysis, this paper shows that Africa's underlying dismal...
Persistent link: https://www.econbiz.de/10011394722
This paper draws on an expanded growth accounting framework to estimate the relative contribution of women to growth in Sub-Saharan Africa. Empirical results show a consistently positive contribution of women to growth in gross domestic product in the region, both during economic downturns and...
Persistent link: https://www.econbiz.de/10011395438
This paper proposes a model to analyze the implications of colonial policies for gender inequality in Sub-Saharan Africa. The model emphasizes segmentation of production under complete specialization. It shows that the colonial production model, underpinned by occupational job segregation in the...
Persistent link: https://www.econbiz.de/10011395722
Since the industrial revolution, advances in science and technology have continuously accounted for most of the growth and wealth accumulation in leading industrialized economies. In recent years, the contribution of technological progress to growth and welfare improvement has increased even...
Persistent link: https://www.econbiz.de/10010521177
Persistent link: https://www.econbiz.de/10003716656