African Economic Research Consortium (AERC)

Established in 1988, AERC is a public not-for-profit organization devoted to the advancement of economic policy research and training. AERC's mission is to strengthen local capacity for conducting independent, rigorous inquiry into the problems facing the management of economies in sub-Saharan Africa. http://www.aercafrica.org/home/index.asp

Library Articles

What Drives Private Saving in Nigeria

"This study discusses the trend in Nigerian saving behaviour and reviews policy options to increase domestic saving. It also examines the determinants of private saving in Nigeria during the 1970-2007 period. It makes an important contribution to literature by evaluating the magnitude and direction of the effects of the following key policy and non-policy variables on private saving: Income...

Asset Price Developments in an Emerging Stock Market : The Case of Mauritius

"The Stock Exchange of Mauritius (SEM) has been in operation for more than 15 years. As at December 2004, there were 40 companies listed on the official market. The main objectives of this study were to analyse the risk return characteristics of all the companies listed on the SEM in terms of both total risk and systematic risk; to estimate time-varying betas; to investigate the existence of...

Contingent Valuation in Community-Based Project Planning: The Case of Lake Bamendjim Fishery Restocking in Cameroon

"Management of Lake Bamendjim fishery stock for the future is vital and deserves consideration. This is necessary in order to minimize the incidence of intercommunal disputes over fishing sites among the 15 sub-autonomous communities in the region. This study was therefore commissioned to design an improved planning methodology that could help elicit information on the value placed by the...

Influence of the Fiscal System on Income Distribution in Regions and Small Areas: Microsimulated CGE Model for Côte d'Ivoire

"The objective of this paper is to examine how a small open economy such as Côte d’Ivoire (CI) can obtain growth-based internal tax resources, and how the tax system affects households and individuals through relative prices. A microsimulated CGE model is used to analyse the effects of an alternative tax system on households by utilizing a survey. It is postulated that the military and...

Board Independence and Firm Financial Performance: Evidence from Nigeria

"This study examined the relationship between board independence and firm financial performance. The key results were that share ownership was highly concentrated in Nigeria, and this structure tended to engender board structures with close family affiliations in which the chief executive officers (CEOs) were active members of audit committees. While family affiliation of board members was...

Efficiency Wage, Rent-Sharing Theories and Wage Determination in the Manufacturing Sector in Nigeria

"The Nigerian labour market, like other sectors of the economy, witnessed dramatic changes following the introduction of the structural adjustment programmes (SAPs) in mid 1986. The labour market has a central role to play in the attainment of SAP objectives such as employment,income growth, and poverty reduction. In 1998 and 2000 the Federal Government implemented two jumbo salary increases...

Government Wage Review Policy and Public-Private Sector Wage Differential in Nigeria

"The study investigated the impact Nigeria’s government wage review of 1998 had on the differential in pay for public and private sector workers of the same educational qualifications and ages. Empirical analysis based on the Mincerian human capital model was carried out for urban male employees only (as they constitute a homogeneous group) in the public and private sectors. The results...

Multidimensional Poverty in Cameroon: Determinants and Spatial Distribution

"The aim of this study was to target poverty following a multidimensional approach. The main contribution of this approach is that its study of poverty covers monetary indicators,that is, welfare indicators which cannot be acquired easily through people’s incomes, or the acquisition of which hinges on the existence of certain types of infrastructure. This makes it possible to take into...

The Determinants of Child Schooling in Nigeria

"This study is expected to contribute to the scarce literature on who actually is schooled in Nigeria. The results will identify the differentials in the schooling outcomes of rural and urban households, and in gender to provide useful implications for policy interventions on ways of improving child schooling in Nigeria. The research will also help in the design of appropriate policies for...

Import Demand in Ghana:Structure Behaviour and Stability

"This study analyses the structure of, and model demand for imports into Ghana using time series data from 1967 to 2004. Also, it assesses the long-run and short-run elasticities of aggregate imports and their components, and determines whether the import demand function has shifted during the period under consideration as a result of trade liberalization. Cointegration and error correction...

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