Download or read book International Commodity Prices Macroeconomic Performance and Politics in Sub Saharan Africa written by Angus Deaton and published by Princeton University International Finance Section, Department of Econmics. This book was released on 1995 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International commodity prices macroeconomic performance and politics in Sub Saharan Africa written by and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at SSA experience of dealing with commodity price variability, and discusses whether poor macroeconomic results can be attributed to the inherent difficulty of predicting commodity price fluctuations, or to flawed internal political and fiscal arrangements. Also gives attention to the effects of commodity prices on political outcomes, and whether the survival of African leaders is affected by the changes in national output associated with fluctuations in international prices.
Download or read book Commodity Terms of Trade written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-09-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.
Download or read book Regional Economic Outlook April 2012 Sub Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2012-05-17 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa continues to record strong economic growth, despite the weaker global economic environment. Regional output rose by 5 percent in 2011, with growth set to increase slightly in 2012, helped by still-strong commodity prices, new resource exploitation, and the improved domestic conditions that have underpinned several years of solid trend growth in the region's low-income countries. But there is variation in performance across the region, with output in middle-income countries tracking more closely the global slowdown and with some sub-regions adversely affected, at least temporarily, by drought. Threats to the outlook include the risk of intensified financial stresses in the euro area spilling over into a further slowing of the global economy and the possibility of an oil price surge triggered by rising geopolitical tensions.
Download or read book Commodity Price Volatility and Inclusive Growth in Low Income Countries written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2012-10-24 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic growth. However, many are now facing enormous difficulties because of rapidly rising food and fuel prices, with the threat of millions of people being pushed into poverty around the globe. The risk of continued food price volatility is a systemic challenge, and a failure in one country has been shown to have a profound impact on entire regions. This volume addresses the challenges of commodity price volatility for low-income countries and explores some macroeconomic policy options for responding to commodity price shocks. The book then looks at inclusive growth policies to address inequality in commodity-exporting countries, particularly natural resource rich countries. Perspectives from the Middle East and North Africa, sub-Saharan Africa, emerging Asia, and Mexico are presented and, finally, the role of the international donor community is examined. This volume is a must read for policymakers everywhere, from those in advanced, donor countries to those in countries with the poorest and most vulnerable populations.
Download or read book Growth in Africa Under Peace and Market Reforms written by Ms.Olessia Korbut and published by International Monetary Fund. This book was released on 2011-02-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region’s ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports. Yet, we find that low growth has not been common to all SSA countries and that those that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, as high as ASEAN-5 countries. This group of SSA countries attained high growth while maintaining their specialization in natural resource exports. Our analysis also rejects the hypothesis of reverse causality: that good growth performance allowed countries to attain political stability or liberalize their economies.
Download or read book Economic Trends in Africa written by Mr.Stéphane Cossé and published by International Monetary Fund. This book was released on 1994-09-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over the medium term. The paper also covers two aspects of structural adjustment: the liberalization of exchange and trade systems, which has been extensive and has resulted in a sharp reduction in exchange market distortions; and the momentum of regional integration in the CFA countries and in the Southern Africa region.
Download or read book International Commodity Prices Macroeconomic Performance and Politics in Sub Saharan Africa written by Angus Deaton and published by Princeton University International Finance Section, Department of Econmics. This book was released on 1995 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Underdevelopment in Sub Saharan Africa written by Christopher E S Warburton and published by . This book was released on 2024-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book provides a unique combination of history, politics, and economics to rationalize the progression of underdevelopment in Sierra Leone, and the challenges of economic growth and development confronting some Sub-Saharan African countries. It concisely presents the internal frictions that are most responsible for the underdevelopment of Sierra Leonean since 1961, while also benchmarking the performance of the country with some countries in the sub-region, Europe, the US, Latin America, and Asia. It highlights the external threats that are highly capable of stifling the economic growth and sustainable development of the country, including sovereign debt, the paucity of human capital, the use of natural resources, and external shocks. The central concepts of analysis include the premise for underdevelopment, contexts for business strategies and rivalry in an underdeveloped economy, economic growth, productivity, sustainable development, international trade, and threats to macroeconomic stability in the form of volatile commodity prices, loss of competitiveness, inaccessible foreign markets, deficient health care infrastructure, the cost of unsustainable sovereign debt, and the viability of long-term investments. The book has been intentionally developed for all those who are strongly interested in the political economy of Sub-Saharan Africa (with particular emphasis on Sierra Leone), empirical work on economic growth and development, academic instruction on international political economy, international organizations, and policymakers"--
Download or read book IMF Staff Papers Volume 49 No 2 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2002-07-11 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The paper analyzes the behavior of real commodity prices over the 1862–1999 progress. It also examines whether average stocks of health and education are converging across countries, and calculates the speed of their convergence using data from 84 countries for 1970–90.
Download or read book International Commodity Price Shocks Democracy and External Debt written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2010-03-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democracies, but to no significant reduction in the level of external debt in autocracies. To explain this result, we show that positive commodity price shocks lead to a statistically significant and quantitatively large increase in total government expenditures in autocracies. In democracies on the other hand government expenditures did not increase significantly. We also document that following positive windfalls from international commodity price shocks the risk of default on external debt decreased in democracies, but increased significantly in autocracies.
Download or read book International Commodity Prices and Domestic Bank Lending in Developing Countries written by Isha Agrawal and published by International Monetary Fund. This book was released on 2017-12-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and economic activity in developing countries. We use data on more than 1,600 banks from 78 developing countries to analyze the transmission of changes in international commodity prices to domestic bank lending. Identification relies on a bankspecific time-varying measure of bank sensitivity to changes in commodity prices, based on daily data on bank stock prices. We find that a fall in commodity prices reduces bank lending, although this effect is confined to low-income countries and driven by commodity price busts. Banks with relatively lower deposits and poor asset quality transmit commodity price changes to lending more aggressively, supporting the hypothesis that the overall credit response to commodity prices works also through the credit supply channel. Our results also show that there is no significant difference in the behavior of foreign and domestic banks in the transmission process, reflecting the regional footprint of foreign banks in developing countries.
Download or read book The Politics of Trade and Industrial Policy in Africa written by Charles Chukwuma Soludo and published by IDRC. This book was released on 2004 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book maps the process and political economy of policy making in Africa. It's focus on trade and industrial policy makes it unique and it will appeal to students and academics in economics, political economy, political science and African studies. Detailed case studies help the reader to understand how the process and motivation behind policy decisions can vary from country to country depending on the form of government, ethnicity and nationality and other social factors.
Download or read book Our Continent Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Download or read book Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-03-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid inflows significantly dampen the effect of food price shocks in the most vulnerable countries. Second, a lower remittance-to-GDP ratio is required in order to fully absorb the effects of food price shocks compared to the corresponding aid-to-GDP ratio.
Download or read book The Volatility Curse written by Daniela Campello and published by Cambridge University Press. This book was released on 2020-11-05 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Volatility Curse examines the conditions under which economic voting can (and cannot) function as a mechanism of democratic accountability, challenging existing theories that are largely based on experiences in developed democracies. Drawing on cross-national data from around the world and micro-level evidence from Latin America, Daniela Campello and Cesar Zucco make two broad, related arguments. First, they show that economic voting is pervasive around the world, but in economically volatile developing democracies that are dependent on commodity exports and inflows of foreign capital, economic outcomes are highly contingent on conditions beyond government control, which nonetheless determine relevant political outcomes like elections, popular support, and government transitions. Second, politicians are aware of these misattribution patterns and are often able to anticipate their electoral prospects well before elections. This reduces incumbents' incentives to maximize voter welfare, as anticipated by economic voting theories, and increases the likelihood of shirking, waste, and corruption.
Download or read book Development Policy in Africa written by G. Kararach and published by Springer. This book was released on 2014-10-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author investigates the agenda for transformation in contemporary African development studies: policy studies, strategic studies, international relations and economic diplomacy. With a focus on the capacity dimension, he proposes critical policy and action-oriented recommendations on how to overcome present and future emergencies in Africa.
