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Foreign direct investment in Africa : performance, challenges and responsibilities
(2005-09)
This paper examines the performance, promotion, and prospects for foreign direct investment (FDI) in Africa. Factors such as political and macroeconomic instability, low growth, weak infrastructure, poor
governance, ...
Welfare effects of monetary union and flexible exchange rate regimes in the economic community of West African States
(2003-03)
The quest for improved macroeconomic performance in African countries, coupled with the suc-
cessful launching of the euro in 1999, has rekindled interest in the establishment of monetary
unions in African Regional ...
Current account in Sub-Saharan Africa : should policymakers worry about sustainability?
(2007-11)
This paper analyses the determinants of both short and medium-term current account deficits in Africa, and finds that countries are more likely to have a deficit exceeding 5% if the economy is small, less open and diverse, ...
A primer on macroeconomic forcasting and policy evaluation models
(2002-12)
This paper is prompted by renewed interests in the development of a regional forecasting and policy evaluation model at the Economic Commission for Africa (ECA). It highlights the various phases of model-building, offers ...
Financing development in Africa : trends, issues and challenges
(2006-12)
The reduction and eventual eradication of poverty, hunger, and starvation in Africa is one of the main challenges facing African leaders and the international community. According to the March 2005 report of the Commission ...
Global trade models and economic policy analyses : relevance, risks, and repercussions for Africa
(2006-12)
Computable general equilibrium (CGE) models are widely used for trade policy analyses and recommendations. Simulation results from these models have also been used as a basis for offering advice to African countries on ...