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Publications (9)
– Bad Luck or Bad Policy?
16 December 2014 John Page On 20 November 2014 the United Nations celebrated the 25th Africa Industrialization Day. But perhaps ‘celebrate’ is not exactly the right word. Africa’s experience with industrialization over the past quarter century has actually been disappointing. In 2010, sub-Saharan...
Working Paper
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– Lessons and Challenges
The structure of the Nigerian economy is typical of an underdeveloped country. The primary sector, in particular, the oil and gas sector, dominates the gross domestic product accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The...
Blog
22 August 2013 Roger Williamson Given the high growth rates since 2000 and low labour costs, Africa could develop manufacturing industry, agro-processing, and services. But these cost advantages can easily be undermined by factors such as inadequate infrastructure, particularly power, transportation...
Working Paper
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– A Tale of Two Countries
The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as case studies the two African countries, Botswana and Nigeria. Using distributed-lag analysis, the paper finds that the effect of terms of trade on output is positive and negative...
– Contrasting Evidence from Two Countries
The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as case studies the two African countries, Botswana and Nigeria. Using distributed-lag analysis, the paper finds that the effect of terms of trade on output is positive and negative...
Book Chapter
– A Risk-Cost Configuration Approach
From the book:
Domestic Resource Mobilization and Financial Development
Working Paper
pdf
– A Risk-Cost Configuration Approach
The paper examines the source of financial market fragmentation in sub-Saharan Africa in the framework of institutional economics. Based on fieldwork data from Ghana, Malawi, Nigeria, and Tanzania, it analyses financial risk management, the transaction costs for loan screening and monitoring, and...
Displaying 9 of 9 results