In recent years several African countries have embarked on reforms aimed at structurally transforming their economies to minimize their dependence on primary exports and generate greater employment opportunities through value-addition. Meanwhile, the recently adopted 2030 Agenda for Sustainable...

The causal relationships between country-level economic development and inequality remain a matter of considerable debate and policy interest. This chapter contributes to the literature on this topic by presenting the results of short-run and long-run Granger causality tests in both directions....

The purpose of this paper is to construct a structural macroeconomic model to design monetary and fiscal policies aimed at attaining macroeconomic objectives. The study further attempts to simulate a baseline and policy scenario to evaluate the impact of such monetary and fiscal policy...

The evolution of civilization appears to have primarily resulted from continuous improvement made possible by technological advances. A group of social evolutionists and economists have identified, among others, energy, transport, as well as information and communication to be the three most...

Development paradigms offer competing theories on the drivers of structural transformation. Most of the analysis has so far focused on the economic factors with little emphasis placed on either the social or environmental dimensions of sustainable development. Furthermore, there has been little...

This paper examines whether rising income inequality is the stylised fact for the process of structural transformation by revisiting classical accounts on the transformation-inequality nexus, with a particular focus on Kuznets's and Rostow's theories of development and Rawls's difference...