1 - 9 of 9 articles
AbstractThis paper simulates the macroeconomic effects of the AIDS epidemic in Malawi. This is done by using Bulatao's (1990) predictions of the disease's demographic impact in a dual-economy macro model. The with-AIDS scenario is compared with a counterfactual no-AIDS scenario to assess the...
AbstractThe paper presents an econometric model of investment in Cameroon, including the period of its oil windfall discovery. This facilitates the calculation of the responsiveness of domestic investment to the supply of medium term credit in the domestic banking sector, and thus the return to...
AbstractThis paper extends the classical analysis of monetary adjustment under a fixed exchange rate to the open, agrarian, and heavily controlled economies of Sub-Saharan African during the 1970s and 1980s. When the central bank is illiquid, monetary adjustment takes place through changes in...
AbstractGhana, one of the first African countries to gain independence, was also the first to pursue intensive adjustment. Can it now accelerate growth and at the same time reduce poverty? This paper examines this question with a view to learning lessons for Ghana from the experience of fast...
AbstractMany African governments have now liberalized their economies, but investor surveys show that there is often considerable fear of policy reversal. This paper investigates the politics and economics of a reform attempt begun by the government of Zambia in 1985 which collapsed in 1987. We...
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