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Poverty maps, spatial descriptions of the distribution of poverty in any given country, are most useful to policymakers and researchers when they are finely disaggregated, i.e., when they represent small geographic units, such as cities, towns or villages. Unfortunately, almost all household...
This paper investigates the long‐run relationship between the nominal effective exchange rate and domestic inflation in selected African countries. Given that the study period is 1979–97, data availability is very limited. A new panel data cointegrating technique proposed by Pedroni is employed...
Despite some favourable conditions and a number of policy reforms, Senegal's participation in the global economy remains tenuous. This paper uses a Ricardian framework to study Senegal's international competitiveness in manufacturing. Wages, productivity and unit labour costs in Senegal are...
The test for the presence of full insurance employed by Townsend [Econometrica, 63(3), 539–91, 1994] and various others does not take into account that households rely on buffer stocks to shield their consumption from income shocks. In this paper it is shown how, in the presence of partial...
Despite considerable improvements in the policy environment in many African countries in the last two decades, it is still difficult for the rest of the world to take Africa seriously. Not taking Africa seriously affects the growth and development outcomes. Investors do not show much optimism...
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