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The Oxford Companion to the Economics of Africa
Africa is a diverse continent. But is there a pattern to the diversity? Are there commonalities across the countries? And what does economics tell us about the diversity and the commonalities? The Oxford Companion to the Economics of Africa is a definitive and comprehensive account of the key issues and topics affecting Africa's ability to grow and develop. It includes 53 thematic and 48 country perspectives by a veritable who's who of more than 100 leading economic analysts of Africa. The contributors include: bright new African researchers based in Africa; renowned academics from the top Universities in Africa, Europe and North America; present and past Chief Economists of the African Development Bank; present and past Chief Economists for Africa of the World Bank; present and past Chief Economists of the World Bank; African Central Bank governors and finance ministers; and four Nobel Laureates in Economics.
Risk Reduction and Public Spending
January 1998 Government spending on risk reduction could improve welfare in developing economies, either by alleviating a risk-market failure or by reducing uncertainty in otherwise distorted markets. As governments grow richer, the share of their GDP devoted to public spending rises. Public spending in the United States was 7.5 percent of GDP in 1913. It is 33 percent today. Although industrial countries spend twice as much as developing countries, government spending on goods and services is the same in both groups of countries. The difference is almost entirely due to transfer payments, which are about 22 percent of GDP in the industrial world. Most of these transfer payments-pensions, he...
Making Services Work for Poor People
The World Development Report 2004 Investigates How Countries Can Accelerate Progress Towards The Millennium Development Goals (Mdgs) By Making Services Work For Poor People. Too Often, The Delivery Of Services Falls Far Short Of What Could Be Achieved, Du To Issues Such As Weak Incentives For Performance, Corruption, Imperfect Monitoring, And Administrative Logjams. Some Countires Have Addressed The Problem By Involving Poor People In Service Delivery; The Results Have Been Impressive. Giving Parents Input Into Their Children`S Education, Patients A Say Over Hospital Management, And Making Agency Budgets Transparent All Contribute To Improving Outcomes In Human Development.
Aid Dependence Reconsidered
When foreign aid undermines institutions, countries can become aid-dependent, even if donors and recipients have the best intentions.
Aid and Reform in Africa
Finally, when the country enters the second generation of reforms, such as public sector institutional reform, short-term, conditionality-based aid can once again be harmful - by reducing ownership, participation, and sustainability of the reform process."--BOOK JACKET.
Is Investment in Africa Too Low or Too High? Macro and Micro Evidence
Many analysts decry the level of investment in Africa, saying it is too low. But there is no evidence, in cross-country data or in microeconomic data from Tanzania, that private and public capital is productive in Africa. In that sense, investment in Africa may be viewed as too high.
Do the Benefits of Fixed Exchange Rates Outweigh Their Costs?
Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.
Quantifying the Fiscal Effects of Trade Reform
A general equilibrium tax model estimated for 60 countries provides a simple but rigorous method for estimating the fiscal impact of trade reform.
The Impact of Economic Policies on Poverty and Income Distribution
Reviews techniques and tools that can be used to evaluate the poverty and distributional impact of economic policy choices. This title describes the most robust techniques and tools, from the simplest to the most complex, and aims to identify best practices. It also addresses an evaluation technique and its applications.
