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AbstractBotswana was the world's fastest growing economy from 1966 to 1989. Rapid growth was to be expected because of the discovery of large diamond deposits. What is unusual is that the economy has not suffered from the Dutch Disease, as is common in mineral boom economies. Although rapid...
AbstractPolicy makers in Africa often argue that devaluation leads to inflation. This is undesirable in itself and also because the inflation mitigates any impact that the nominal devaluation has on the real exchange rate, which is what one hopes to change in the face of balance of payments...
AbstractThis paper measures the income elasticity of the Tanzanian tax system by decomposing elasticity of tax into base-to-income and tax-to-base elasticities. Such a decomposition of elasticity is important since while the latter is virtually within the control of the authorities, the former...
AbstractThe paper describes the formal and informal sectors of the urban labour markets in Côte d'Ivoire, and investigates the determinants of access to each, with a focus on the role of migrant status. A direct definition of the formal sector is used which captures the degree of legal and...
AbstractIt is argued that the conventional wisdom that domestic food prices are purely endogenous to the determination of equilibrium real exchange rates ignores structural features of West African economies that make them ‘semi-open’. The features include very high transfer costs from West...
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