This paper discusses some of the links between Angola’s oil wealth and its domestic and international political situation. These include direct effects such as the role of mineral revenue in prolonging and intensifying the recently ended civil war, and the ability of the government to use oil...

We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers...

This compendium of entries on the economics of Africa provides thematic and country perspectives by more than 100 leading economic analysts of Africa. The contributors include: the best of young African researchers based in Africa; renowned academics from the top universities in Africa, Europe and...

This paper considers the evolution ofthinking about poverty since Rowntree's classic study ofpoverty in England at the turn ofthe last century. It highlights the progressive broadening ofthe definition and measurement ofpoverty, from command over market-purchased goods (income) to other...

Economic theory gives no clear indication of the minimum number of producers necessary for a market to define competitive price-quantity equilibria which approximate price equal to marginal cost. Previous work and FERC Guidelines generally suggest that 6 to 10 generators may be workably...

This paper proposes a trade restrictiveness indicator that explicitly incorporates environmental externalities. The index employs directional distance functions and use indicators (i.e. differences rather than ratios) modified to account for and evaluate efficiency changes in the face of...