Back to top

Working Papers

Macroprudential policy and foreign interest rate shocks: A comparison of different instruments and regulatory regimes

Chris Garbers and Guangling Liu
This paper presents a generic small open economy real business cycle model with banking and foreign borrowing. We incorporate capital requirements, reserve requirements, and loan-to-value (LTV) regulation into this framework, and subject the model to a positive foreign interest rate shock that...
Oct 2017
Read more

Self-selection in migration: The role of unobservable skills of Gauteng’s migrant population

Nwabisa Nontenja and Umakrishnan Kollamparambil
The present study sought to investigate self-selection among internal and international migrants in Gauteng by making use of the Gauteng City Region Quality of Life Survey data. The present study also sought to disentangle the effects of observed and unobserved characteristics in the self-selection...
Oct 2017
Read more

Measuring political and economic institutions in Ethiopia: c.1888 –2016

Biniam E. Bedasso
This paper presents the first ever set of indices of political and civil rights and land rights in Ethiopia spanning more than a century. We have extracted information from legal texts and historical records. Then we quantified legislative developments in an attempt to objectively measure de jure...
Oct 2017
Read more

Parental Bargaining and Rural-Urban Child Health Differential in Tanzania

Alfred Mukong & Justine Burns
This paper extends the empirical analysis of child health by simultaneously considering the effects and contributions of parental bargaining to the rural-urban child health differential in Tanzania, a country where most communities are patriarchal in nature. The study uses the Heckman two-step...
Oct 2017
Read more

Institutions and Other Determinants of Total Factor Productivity in Sub-Saharan Africa

David Fadiran and Olusegun A. Akanbi
The primacy of factors of production, such as labour and capital, over Total Factor Productivity (TFP) in stimulating economic growth, has long been a contentious subject in discussions on the underlying causes of economic growth. While the roles of labour and capital have been exhaustively...
Oct 2017
Read more

Equilibrium Exchange Rates and Misalignments: The Case of Homogenous Emerging Market Economies

Christian K. Tipoy, Marthinus C. Breitenbach & Mulatu F. Zerihun
We compute the exchange rate misalignment for a set of emerging economies between 1980 and 2013 using the behavioural equilibrium exchange rate definition. The real equilibrium exchange rate is constructed using a parsimonious model and estimators that are robust to cross-sectional independence and...
Oct 2017
Read more

The Growth Dynamics of New Export Entrants in Kenya: a Survival Analysis

Peter W. Chacha and Lawrence Edwards
This paper uses firm-level transaction dataset from Kenya to examine the entry and growth dynamics of new exporters in international markets and the factors associated with survival in foreign markets. The findings show that for the new exporters, once their trade relationship manages to survive...
Sep 2017
Read more

Public-private sector wage differentials and household poverty among Black South Africans

Malikah Jacobs
This paper examines the extent and implications of the public-private sector wage differential prevalent amongst the Black South African populace. In this paper we quantify the public sector wage premium, examine the impact of the wage premium on the incidence of household poverty, and perform a...
Sep 2017
Read more

Evolution of Institutions in Ghana and Implications for Economic Growth

Wisdom Akpalu, George Agbenyo, Emmanuel Maluke Letete and Mare Sarr
This report discusses the evolution of institutions and compares the quality of key formal institutions (Political and Civil Liberties, Political Instability, and Property Rights) from Ghana’s colonial era to its post-independence. The Political and Civil Liberties and Political Instability are...
Sep 2017
Read more

Pages