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Publications (32)
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Ethiopia has experienced rapid economic growth since 2005. Real gross domestic product (GDP) grew at an average rate of 10.5 per cent per annum for the period between 2004–05 and 2013–14. Public investment in key infrastructure and interventions in the agriculture sector have made important...
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This paper looks to uncover the growth traps and opportunities for the South African economy, with a focus on underlying labour market dynamics. We explore the potential of South Africa’s demographic dividend. We also consider the structure of the labour market and the growth-employment interactions...
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Ghana’s status as one of the African Lions is linked to the country’s remarkable growth performance, which culminated in the attainment of lower middle-income status. However, employment response to growth has been weak. Additionally, growth has been accompanied by substantial reduction in poverty...
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– Kenya country case study
This paper mainly analyses the drivers of economic growth in Kenya and the linkages to the labour market dynamics, with a focus on population growth, its structure, and the prospects of reaping a demographic dividend. This is in recognition that Kenya, as the ninth largest economy in Africa and the...
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This study examines the relationship between growth and employment in Nigeria to gain insights into the country's paradox of high economic growth alongside rising poverty and inequality. The methodology adopted is the Shapley decomposition approach, complemented with econometric estimation of the...
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Over the past twenty years, Mozambique has achieved remarkable progress in promoting macroeconomic growth and stability. Nonetheless, poverty rates remain high and labour market activity is dominated by smallholder farming. We use recent household survey data to dig into these trends and provide an...
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In transition economics, privatization seems to have two basic motivations: separation of politics from the economy, and better corporate governance. While different countries have emphasized such motivations to varying degrees, it is clear that none of the privatization methods chosen is...
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– Projects, Problems and Prospects
North Korea's economic reform began in the mid-1980s. It was motivated by the increasing seriousness of the problems typical of centrally planned socialist economies.In general, the country's reforms have so far been limited both in scope and depth. This is a main cause of the escalation of economic...
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– the Roles of Ownership, Incentives and Restructuring
This paper reviews empirical evidence for key matters concerning new patterns of corporate governance and the determinants of economic performance in transitional economies. Many findings reported draw on new and unusual data for large samples of firms in the Baltic Republics, Russia and Bulgaria...
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– An Alternative Transition Path
This paper examines the nature of the unorthodox ownership and governance structures that are emerging among firms and the way these structures are supporting the remarkable economic growth in the transition economies of East Asia, as represented in particular by China and Vietnam. These economies...
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– Transition as a Socialist Project in East Asia
In analyzing Viet Nam's recent economic adjustments, this paper attempts to distinguish events and policies that are properly assigned to the transition effort (defined as the process of increasing the market determination of economic outcomes) and those more properly associated with economic...
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– Policy versus Non-Policy Factors
All centrally planned economies suffered from over-investment. Due to low capital productivity, reasonable growth rates in output could be maintained only with high investment/GDP ratios. Nevertheless, the sharp reduction in investment during transformational recession and its slow growth during...
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– The Impact of Demographic, Investment and Social Policy Changes
This paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo-type pension system, and of taxes to service the...
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An equal distribution of assets is a crucial element in the process of economic transition from plan to market. In the socialist era most physical assets were owned by the state and private ownership was not very important for most individuals. When the state abandons the socialist system and...
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– What Makes the Russian Economic Transformation a Special Case
This paper seeks to explain, why Russian (and CIS) economic transformation was neither a shock therapy nor a gradual transition case, but instead followed a sort of middle ground inconsistent shock therapy path. It is argued that there were some objective constraints, mostly of a social and cultural...
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– Tanzania
Tanzania has not yet successfully had an IMF standby arrangement that ran its course, although several programmes have been implemented at various points in time. These programmes combined demand restraint and structural adjustment with the help of external resources. While demand restraint measures...
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