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Publications (17)
– Transnational growth corridors as a solution
Comprehensive harmonization is crucial to eliminate inefficiencies that hamper free movement of goods and services in the Southern African Development Community (SADC) region. Territorial collaboration between metropolitan clusters and rural areas connected by transport corridors is a potential key...
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Despite more than two decades of economic integration efforts, levels of spatial development inequality remain high within the Southern African Development Community (SADC). Owing to persistent delays in the implementation of the SADC integration agenda, infrastructure connectivity is still overly...
Service exports are the fastest growing portion of world trade and now account for nearly a quarter of global exports. Tradable services contribute to economic growth and development by bolstering industrial capabilities, facilitating productivity growth and investment, and contributing directly to...
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We examine the extent to which two of Africa’s leading gold mining economies, Ghana and Tanzania, have adopted transformative local procurement policies to enhance backward linkages from the minerals sector. We assess the impact that evolving legislation in the gold industry has had on...
As the largest economy in sub-Saharan Africa, South Africa’s successes and failures spill over into the broader region. Today, as South Africans face high unemployment and a sluggish economy, policymakers are wrestling to create success through solutions that will quell rising public debt, overcome...
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Services are the fastest growing portion of world trade and now account for nearly a quarter of global exports. This presents opportunities for emerging economies to adapt and enter new markets. Many countries in southern Africa have struggled to diversify from a heavy reliance on primary...
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– Ten main messages
Countries face both challenges and opportunities in using their extractive industries to achieve more inclusive development—particularly in the developing world. Yet while a large national income can result from resource wealth, it can also be associated with acute social inequality and deep poverty...
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In 2008, the Government of Zambia reformed its mining tax regime for large-scale copper mines through a unilateral legislative change. The country went from having one of the lowest average effective tax rates and government take to be above the average. We focus on a particularly controversial...
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– Theoretical Reappraisal of the HIPC Initiative
The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing model...
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This paper studies the impact of uncertainty and debt crisis on the dynamics of the Mozambican economy over the last two decades. Investment boom and accelerated growth did not take place until peace and economic reforms were assured, helped by the role of the Paris Club creditors as senior lenders...
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– Poverty Reduction Strategy Papers Investigated
This paper investigates poverty reduction strategy papers (PRSPs), launched by the International Monetary Fund/World Bank in 1999 as conditions for debt relief and loans. It queries whether PRSPs really represent a shift away from the controversial structural adjustment programmes (SAPs) of the past...
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To achieve the poverty reduction goal, HIPC countries need to mainstream gender considerations into their PRSPs (poverty reduction strategy papers). Mounting worldwide evidence that greater gender equality correlates with high economic growth and less poverty means that to succeed, poverty reduction...
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While growth has increased in Tanzania during the past five or six years, it is still too low to have a visible impact on poverty. Indeed, recent evidence suggests that the amounts of both income and non-income poverty are roughly the same as they were a decade ago. Since debt relief provided under...
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– A Study of Zambia and Tanzania
This paper discusses some issues on how to evaluate the impact of HIPC debt relief in the cases of Tanzania and Zambia using two computable general equilibrium models. Within our relatively simple model framework, we found that the macroeconomic impact of debt relief is modest. One reason for this...
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This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC Initiative. It...
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– A Sensitivity and Causal Analysis
The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two separate country groups using the extreme bounds analysis for sensitivity tests and the mixed, fixed, and random coefficient approach that allows for heterogeneity in the causal...
Displaying 16 of 17 results