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A Modelling of Ghana's Inflation Experience: 1960–2003

"The study sought to ascertain the key determinants of inflation in Ghana for the past 40 years. Stylized facts about Ghana’s inflation experience indicate that since the country’s exit from the West African Currency Board soon after independence,...

A Statistical Analysis of Foreign Exchange Rate Behaviour in Nigeria's Auction

"In the attempt to explain some of the possible causes of the instability, particularly in the principal currency, our study looked at the macroeconomic policy characteristics of all six phases of the auction system between September 26 1986 and D...

A Strategy for Graduate Training In Economics for Africans

"Three principal conclusions were drawn from the research : 1)research programmes needed to take account, through appropriate adjustments in modalities and procedures of a deteriorating environment. Below subsistence salaries, increased teaching a...

Africa and the Global Economic Crises : Impacts, Policy Responses and Political Economy

"African countries have already undertaken a number of effective measures to minimize the impacts of the crisis. Taking a longer-term perspective, African countries could turn the crisis into an opportunity to restore their economic potentials an...

Current Global Crisis and Macroeconomic Implications of AID-financed Public Investments: Evidence from Tanzania

"In this paper we discuss the macroeconomic implications of variations in AID inflows for Tanzania using an economy-wide dynamic CGE model. The major conclusions coming out from this work is that productivity effects matter. If additional aid and ...

Economic Policies in G-20 and African Countries during the Global Financial Crisis Who’s the Apprentice, Who’s the Master?

"This paper finds that G-20 countries have responded through fast and large bailouts, historically large fiscal stimuli and accommodative monetary policies. It seems that African countries could learn from this, and in part they should indeed do s...

External Debt and Economic Growth in Sub-Saharan African Countries: An Econometric Study

"Results obtained in this study confirm that an excessively high stock of external debt depresses investment and lowers the rate of economic growth. Thus, heavily indebted countries in sub-Saharan Africa need to articulate creative strategies fo...

Facing the Global Financial Crisis - Policy Lessons from Small Mauritius

"The objective of the paper therefore is to assess the case of a small island developing state like Mauritius where government has attempted to mitigate the negative consequences of the global economic crisis through an appropriate policy mix. So...

Global Economic and Financial Crisis and Trade: Kenya’s Experience

"This paper investigates the effects of the global economic and financial crisis in Africa and whether or not Kenya’s trade sector has been a channel for transmitting the crisis in the country. The analysis of the effects of the crisis in Sub-Saha...

Global Economic and Financial Crisis: Transmission Channels and Impacts on Sub-Saharan African Economies

"In this paper, an overview is then provided of how sub-Saharan African countries are exposed to the crisis through both financial and real transmission channels, and critically assess the impacts on different economies with recent data. The first...

Global Economic Crisis : The Need for African Government Interventions for Rapid Economic Recovery and Stability

"The objective of this paper is to discuss measures required by African governments in cushioning the effects of the global economic crisis on the region’s economies. To this end, the paper is organized into five sections. Aside from the introduct...

Global Economic Slowdown and the African Continent : Rethinking Export Led Growth

"The deterioration in economic performance has opened the export-led growth model to challenge suggesting that there is a need for a rethink and the need for a shift on the new development policy agenda that focuses on domestic demand-led growth. ...

Global Economy in Crisis : A Rethinking of Received Economic Doctrine with some Evidence from Nigeria

"This paper examines the impact, policy responses and implication of the global financial crisis on Nigeria. It also reviews the received economic doctrine which has fundamentally contributed to the crisis and calls for a rethinking of the dominan...

Global Financial Crisis: An Opportunity to Revisit the Neo-Liberal Model of Socio-Economic Development

"The current global economic and financial crisis, provides for yet another opportunity to revisit the neoliberalism paradigm, which has been operational in Sub-Saharan Africa for almost three decades. The performance of this development framework...

Impact of Global Economic Crisis on African Countries: Policy Responses and Options

"African countries have not been isolated from the impact of the downturn in global growth. Some of the questions addressed in this paper are: What are the major channels through which the global financial and economic crisis could spread to Afric...

Impacts of the Economic Crisis on Human Development and the MDGs in Africa

"This paper has examined the channels through which the economic crisis could have an impact on human development in sub-Saharan Africa, and also the historical evidence for the size of these impacts. Using growth projections to 2014 for the count...

International Debt Management in Africa

"This paper discusses various aspects of the problems African governments face in financing their generally large budgetary deficits. Its primary objective is to focus on the main methods of financing which are realistically available given the ge...

Local Government Fiscal Operations in Nigeria

"The paper describes and analyses fiscal operations at the local level in order to improve understanding of fiscal federalism in Nigeria. The paper also tries to ascertain whether fiscal imbalances observed at both federal and state arms of govern...

Linking Economic Growth to Poverty Reduction under Globalisation: A Case for Harnessing Globalisation for the Poor in Sub-Saharan Africa

"As the process of global economic integration has intensified since the early 1990s, the question of how globalization affects the world’s poor has become one of the central issues in international political economy and international relations. T...

Macroeconomic Constraints and Medium-term Growth in Kenya: a Three-Gap Analysis

"This paper has used a simple analytical framework to study whether it is the saving, fiscal or foreign exchange gap which is the binding constraint on capacity growth in Kenya and how these gaps have evolved since the early 1970s. The three-gap f...

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