Economic Fluctuations In Sub Saharan Africa
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Economic Fluctuations In Sub Saharan Africa
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Author : Mr.Giovanni Melina
language : en
Publisher: International Monetary Fund
Release Date : 2019-01-22
Economic Fluctuations In Sub Saharan Africa written by Mr.Giovanni Melina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-22 with Business & Economics categories.
We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports.
Macroeconomic Fluctuations In Sub Saharan Africa
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Author : Mr.Alexander W. Hoffmaister
language : en
Publisher: International Monetary Fund
Release Date : 1997-07-01
Macroeconomic Fluctuations In Sub Saharan Africa written by Mr.Alexander W. Hoffmaister and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-07-01 with Business & Economics categories.
The sources of macroeconomic fluctuations in sub–Saharan African are examined by comparing the CFA franc countries with the non–CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc countries. This result does not appear to be associated with differences in the economic structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non–CFA franc countries are similar to those in other developing countries, particularly in Latin America.
Rising Brics And Changes In Sub Saharan Africa S Business Cycle Patterns
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Author : Oumar Diallo
language : en
Publisher: International Monetary Fund
Release Date : 2014-02-14
Rising Brics And Changes In Sub Saharan Africa S Business Cycle Patterns written by Oumar Diallo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-14 with Business & Economics categories.
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy stances in SSA and the BRICs are not synchronized, they have not caused cyclical output correlation between these two groups of countries. Also, financial openness, which is at a very early stage across most SSA countries, has acted as a neutral force.
An Economic History Of Development In Sub Saharan Africa
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Author : Ellen Hillbom
language : en
Publisher: Springer
Release Date : 2019-06-19
An Economic History Of Development In Sub Saharan Africa written by Ellen Hillbom and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-19 with Business & Economics categories.
‘This is a desperately needed book. It not only surveys the field of African economic history at the level of undergraduate students, but provides several fresh perspectives, drawing on insights from the latest research on the evolution of African societies and their economic prosperity. This valuable source of teaching material will be the premier text on African economic history for at least the next decade.’ —Johan Fourie, Stellenbosch University, South Africa This upper level textbook offers a historical understanding of sub-Saharan Africa. By looking at the economic history of the African region from before the arrival of European territorial control all the way through to Africa’s integration in the current era of globalisation, readers can understand the development paths for African countries today. Organisation of production, social structures, trade, and governance are key factors in the discussion about African success stories and failures. Suitable reading for upper level undergraduates, MSc and postgraduate students, in addition to policy makers and development practitioners looking for a comprehensive overview of Africa from an economic and social perspective. Hillbom and Green also provide a starting point for the study of African economic history for those who would like to continue their own research in this area.
On The Drivers Of Inflation In Sub Saharan Africa
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Author : Anh D. M. Nguyen
language : en
Publisher: International Monetary Fund
Release Date : 2015-08-05
On The Drivers Of Inflation In Sub Saharan Africa written by Anh D. M. Nguyen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-05 with Business & Economics categories.
The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA’s rapid growth, its integration with the global economy, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We quantitatively analyze inflation dynamics in SSA using a Global VAR model, which incorporates trade and financial linkages among economies, as well as the role of regional and global demand and inflationary spillovers. We find that in the past 25 years, the main drivers of inflation have been domestic supply shocks and shocks to exchange rate and monetary variables; but that, in recent years, the contribution of these shocks to inflation has fallen. Domestic demand pressures as well as global shocks, and particularly shocks to output, however, have played a larger role in driving inflation over the last decade. We also show that country characteristics matter—the extent of oil and food imports, vulnerability to weather shocks, economic importance of agriculture, trade openness and policy regime, among others, help in explaining the role of shocks.
Promoting Growth In Sub Saharan Africa
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Author : Anupam Basu
language : en
Publisher: International Monetary Fund
Release Date : 2000-10-02
Promoting Growth In Sub Saharan Africa written by Anupam Basu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-10-02 with Business & Economics categories.
This pamphlet presents the results of an empirical analysis of the factors affecting economic growth in sub-Saharan Africa, using data for the period 1981697 and a sample of 32 countries. The empirical work involved the estimation of a growth equation to identify the key determinants of per capita real GDP growth, including economic variables that reflect the influence of economic policy changes as well as other explanatory factors. On the basis of this analysis and a review of the evidence of economic recovery during 1995697, using a much larger sample of countries, the pamphlet attempts to determine which policies appear to have been the most effective in terms of increasing economic growth and suggests the key elements of a policy framework that could promote sustainable economic growth and reduce poverty in sub-Saharan Africa.
Boom Bust Or Prosperity Managing Sub Saharan Africa S Natural Resource Wealth
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Author : Charlotte J. Lundgren
language : en
Publisher: International Monetary Fund
Release Date : 2013-08-27
Boom Bust Or Prosperity Managing Sub Saharan Africa S Natural Resource Wealth written by Charlotte J. Lundgren and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-27 with Nature categories.
Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.
The Impact Of Fiscal Consolidations On Growth In Sub Saharan Africa
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Author : Francisco Arizala
language : en
Publisher: International Monetary Fund
Release Date : 2017-12-15
The Impact Of Fiscal Consolidations On Growth In Sub Saharan Africa written by Francisco Arizala and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-15 with Business & Economics categories.
This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990–2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in advanced and emerging economies. The effect of changes in fiscal policy on output depends on the composition: cutting public investment has a larger effect on output than cutting public consumption or raising revenue. Episodes of fiscal consolidation have short- and medium-term output effects, but here, too, composition matters: fiscal consolidations based on reducing public investment have the largest effect on output, while fiscal consolidations based on revenue mobilization are less harmful than those based on public investment cuts. These findings suggest that the negative impact on growth can be mitigated through the design of fiscal adjustment and the accompanying policy environment.
Stabilization And Structural Adjustment
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Author : Finn Tarp
language : en
Publisher: Routledge
Release Date : 2002-09-11
Stabilization And Structural Adjustment written by Finn Tarp and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.
Global Economic Crisis
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Author : Alexis Arieff
language : en
Publisher: DIANE Publishing
Release Date : 2010-08
Global Economic Crisis written by Alexis Arieff and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with History categories.
Sub-Saharan Africa has been strongly affected by the global recession, despite initial optimism that the global financial system would have few spillover effects on the continent. Contents of this report: (1) Recent Develop.; (2) Congressional Interest; (3) African Economies; Trends Prior to the Crisis; Develop. Challenges; (4) How the Crisis is Affecting Africa: Internat. Trade: Trade with the U.S., and with China; Capital Flows: Migrant Remittances; Foreign Aid; (5) Implications of the Crisis in Africa; Sub-Regional Variations; Fiscal and Trade Balances; Poverty Reduction; Food Security; Political Stability; (6) Internat. Efforts to Address the Impact of the Crisis on Africa; Developed Countries; Internat. Financial Inst.; World Bank; ADB; IMF; African Gov¿ts.