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"This study provides measures of real capital flight from Nigeria based on the residual method adjusted for exchange rate fluctuations and trade misinvoicing. The portfolio choice approach is explored, in which the flow of capital is accumulated int…
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"Cameroon has experienced periods of economic growth and decline. During the growth period public expenditures increased the size of the public sector. The decline period, which started in 1986, has been characterized by government expenditures that…
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"The phenomenon of China in the global arena is quite significant. It presents opportunities and challenges which African policy makers and thinkers must take very seriously and respond to it very intensively. This is particularly so as other regio…
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"Sub-Saharan Africa provides a significant share of the mineral resources fuelling the growth of the dynamic Asian economies of India and China. This framework paper examines the current metals, ores and minerals trade between China and India and th…
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"In this paper, the extent of linkages among three stock markets in Southern Africa, specifically Botswana, Zimbabwe and South Africa are investigated. The extent is considered to which these markets are related to emerging markets more generally an…
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"This paper develops a framework for making decisions on the type of infrastructure to build and where to build. The basic intuition is that by deriving the marginal physical products of installed infrastructure, we can prioritize infrastructure in…
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"This paper focuses on the commitment mechanisms a government can use to build credibility in trade and investment policies. We refer to commitment mechanisms as "agencies of restraint". We classify such agencies according to their domicile and the…
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"The objective of this paper is to test the hypothesis that real interest rates have a significant positive impact on financial and non financial saving in Kenya, which in turn support a higher level of investment. This is done by examining the prop…
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"South Africa is set to become a major player in the economy of Zambia, according to figures recently released by the Zambia Investment Centre in Lusaka. Investment pledges have reached up to US$180 million, easily passing those of Britain, which ha…
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"The major hypothesis of the paper is that private sector investment is necessary if economic growth is to be accelerated. However, in order to stimulate such investments appropriate monetory, fiscal and exchange rate policies have to be formulated…
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"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…
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"Chinese investments in Zambia are primarily resource seeking and have been concentrated in the mining sector. There are investments in construction, trading manufacturing sectors too. The growth of these investments has been steady over the year an…
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"The aim of this paper is to discuss the appropriateness of the measures adopted for fiscal adjustment in Cote d'Ivoire and the determinants of its fiscal deficit over the past two decades. The paper also investigate the impact of public investment …
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"The paper begins with a review of the role of the service industry in the SADC economy, focusing on its GDP, employment, trade and investment. It identifies three major sectors for illustrative evaluation, namely transportation, financial and tel…
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"In this number of the Bulletin we have elected to present our readers with two lengthy but significant articles. The first is the fruit of co-operation between Heribert Adam and Stanley Uys. Although new developments in relations between South A…
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"The objective of the review was to provide a comprehensive overview of the current financial sector environment. To achieve this, an evaluation of the financial sector was undertaken. The evaluation centred around market access policies, particular…
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"Although South African policymakers have introduced policies to encourage foreign direct investment (FDI), so far the results have not met expectations, particularly in relation to greenfield investment. Instances in which the country has managed …
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“American corporations doing business in South Africa have been under heavy pressure in recent years to withdraw from South Africa.” Pressure groups want to know “why they continue to operate in South Africa when the system of apartheid denies basic…
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"The task before this group is to examine the similarities and dissimilarities in Eastern Asian and Southern African development experiences and indicate what possibilities exist for mutually beneficial cooperation. The cooperation here is in the co…
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"The paper seeks to identify factors influencing and determinants of non-mining private investment in Botswana. It presents various studies conducted in other countries with modified assumptions to suit Botswana economy. It makes policy recommendati…
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