Bank credit to Egypt's private sector decreased over the last decade, despite a recapitalized banking system and high rates of economic growth. Recent macro-economic turmoil has reinforced the trend. This paper explains the decrease based on credit supply and demand considerations by 1)...

Bank credit to Egypt's private sector decreased over the last decade, despite a recapitalized banking system and high rates of economic growth. Recent macro-economic turmoil has reinforced the trend. This paper explains the decrease based on credit supply and demand considerations by 1)...

Se refiere a lo que deben hacer los países latinoamericanos para consolidar toda una década de reformas estructurales

The paper estimates the rates of return to investment in education in Egypt, allowing for multiple sources of heterogeneity across individuals. The paper finds that, in the period 1998-2006, returns to education increased for workers with higher education, but fell for workers with intermediate...

El presente trabajo sigue la corriente tradicional de los estudios existentes sobre el tema desde un doble punto de vista: primero, se tomó la producción de los bancos como no conjunta, y segundo, está orientado a determinar la existencia de economías de escala en el sector bancario...

El presente trabajo analiza la relación entre el tipo de cambio negro y el oficial, al igual que la eficiencia del mercado paralelo de divisas en Colombia. Con base en datos mensuales para el período 1970-1989, se encontró que la tasa de cambio oficial y paralela estaban cointegradas, lo cual...

Con base en datos anuales para el periodo 1952-1989, se estiman funciones de demanda de importaciones totales, y por tipo de bien (bienes de consumo, intermedios, y de capital), se comparan los resultados con los de trabajos anteriores. Posteriormente, se descompuso el ingreso en sus partes...

The paper analyzes the impact of the recent global crisis in the context of the previous two decades'growth and capital flows. Growth decomposition exercises show that Egyptian growth is driven mostly by capital accumulation. To estimate the share of labor in national income, the analysis...

Ghana's economic growth picked up in the early 2000s and has been exceptionally strong over the past few years, with price booms of its main commodity exports, gold and cocoa, and the initiation of commercial oil production in 2011. This paper examines recent econometric evidence on Ghana's...

Government spending in developing countries typically account for between15 and 30 percent of GDP. Hence, small changes in the efficiency of public spending could have a major impact on GDP and on the attainment of the government's objectives. The first challenge that stakeholders face is...