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Publications (11)
Working Paper
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– Unity in diversity
This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of countries in developing Asia from a historical perspective. Developing Asia provides an ideal laboratory for the study with considerable differences in the savings behaviour among...
Working Paper
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– Empirical evidence
This paper examines trends and determinants of gross domestic savings in Tanzania using data for the period 1990–2020. The autoregressive distributed lag approach is employed to empirically analyse the short-run and long-run relationships. There has been a fairly stable increase in the domestic...
Working Paper
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The savings–growth nexus is widely acknowledged, both in policy and in the literature. But Kenya’s numerous policy initiatives to encourage savings mobilization are yet to yield the expected outcomes. This paper identifies the key drivers of domestic saving in Kenya, exploiting fintech as an...
Working Paper
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Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although most sub-Saharan Africa countries recognize the...
– What difference do they make?
The socioeconomic fallout from the ongoing COVID-19 pandemic has brought to the fore discussions on domestic resource mobilization (hereafter DRM). Raising domestic taxes has monopolized policy attention, however, given the attendant and ensuing needs in developing countries, raising savings rates...
Working Paper
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– Disentangling the roles of trend and cycle
Resource mobilization continues to be an important policy challenge for developing economies, raising questions as to what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of continuous time series data, we causally identify, using a...
Recent years have seen a sustained research effort exploring the African development experience. The extant literature has offered a large set of explanations as to why the African development record has lagged behind that of other regions of the developing world. This new volume brings...
Working Paper
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– Growth and Distributional Aspects
The United Nations Millennium Declaration commits to halving extreme poverty between 2000 and 2015. The South African government has set a goal of halving poverty by 2014, although the meaning of this goal has not yet been defined. This article specifies government’s stated target of halving poverty...
Working Paper
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– Comparative Evidence for Sub-Saharan Africa
This study explores the extent to which inequality affects the impact of income growth on the rates of poverty changes in sub-Saharan Africa (SSA) comparatively with non-SSA, based on a global sample of 1977–2004 unbalanced panel data. For both regions and all three measures of poverty—headcount...
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