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Economywide Country Studies: Africa

The Exchange Rate, Dutch Disease and Manufacturing in South Africa: What do the Data Say?

Duncan Hodge
The Dutch disease argument suggests that in commodity exporting countries "overvaluation" of the currency due to increases in commodity prices harms manufacturing even though the economy as a whole benefits, led by the booming natural resources sector. The relationship between the real exchange...
May 2012
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What drives remittance inflows to Sub-Saharan Africa: A Dynamic Panel Approach

Francis M. Kemegue, Emmanuel Owusu-Sekyere and Reneé van Eyden
This paper investigates the factors that drive and constrain remittance inflows into SubSaharan Africa (SSA) using annual data for 35 SSA countries from 1980 to 2008, generalised method of moments by Arellano and Bover (1995) and LSDV with Driscoll and Kraay (1998) corrected standard errors. We...
Dec 2011
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Remittances and the Dutch disease in Sub-Saharan Africa. A Dynamic Panel Approach

Francis M. Kemegue, Reneé van Eyden and Emmanuel Owusu-Sekyere
This paper investigates the effect of remittance inflows on the real exchange rate in Sub-Saharan Africa (SSA) using annual data from 1980 to 2008 for 34 SSA countries, generalised method of moments by Arellano and Bover (1995) and feasible generalised least squares by Parks (1967) and Kmenta (1971...
Nov 2011
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Determinants of Foreign Direct Investment of South African Telecommunications Firms into Sub-Saharan Africa

John M. Luiz and Henry Stephan
The study investigates the main factors considered by South African telecommunications firms when making a decision to undertake Foreign Direct Investment (FDI) into Sub-Saharan Africa (SSA). This encompasses the reasons for investing, the methods of entry into the identified market and the factors...
Jun 2011
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Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures

J W. Fedderke & Z Bogetic
Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd – out of private by...
Sep 2006
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