Are African Households Heterogeneous Agents

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Are African Households Heterogeneous Agents?

Author : Ms.Louise Fox
Publisher : International Monetary Fund
ISBN 13 : 1475581033
Total Pages : 36 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Are African Households Heterogeneous Agents? by : Ms.Louise Fox

Download or read book Are African Households Heterogeneous Agents? written by Ms.Louise Fox and published by International Monetary Fund. This book was released on 2015-05-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the evidence on how households in Sub-Saharan Africa segment along consumption, income and earning dimensions relevant for quantitative macroeconomic policy models which incorporate heterogeneity. Key findings include the importance of home-grown food in the income and consumption of house-holds well up the income distribution, the lack of formal financial inclusion for all but the richest households, and the importance of non-wage income. These stylized facts suggest that an externally-generated macroeconomic shock and the short-term policy response would mainly affect the behavior and welfare of these richer urban households, who are also more likely to have the means to cope. Middle class and poor households, especially in rural areas, should be insulated from these external shocks but vulnerable to a wide range of structural factors in the economy as well as idiosyncratic shocks.

African Perspectives on Poverty, Indigenous Knowledge Systems, and Innovation

Author : Oliver Mtapuri
Publisher : Springer Nature
ISBN 13 : 9811958564
Total Pages : 236 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis African Perspectives on Poverty, Indigenous Knowledge Systems, and Innovation by : Oliver Mtapuri

Download or read book African Perspectives on Poverty, Indigenous Knowledge Systems, and Innovation written by Oliver Mtapuri and published by Springer Nature. This book was released on 2022-11-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the connections between poverty and innovation in Africa. Through case studies and theorizations from a distinctly African perspective, it stands in contrast to current theoretical works in the field, which remain very much rooted in Western-orientated thinking. The book investigates the application of methodologies which explain numerous African contexts in connection with issues of poverty and inequality. It reflects on comparative practices and praxes on the African continent, including commonplace traditions and practices in alleviating poverty, taken against a background of the failure of current prescriptions for poverty alleviation, such as the Structural Adjustment Programmes (SAPs) and the Poverty Reduction Strategy Papers (PRSP). There is a dire need for new practical perspectives which move Africa forward using its indigenous knowledge. Owing to a general lack of recorded African theories and methodologies on poverty, inequality and innovation, this book represents a pioneering corpus of African knowledge addressing poverty and inequality through local innovations. Adopting a transdisciplinary approach, it is relevant to students and scholars in development studies and economics, African studies, social studies, political history and political economy, climate studies, anthropology and geography.

Africa's Urban Youth

Author : Amy S. Patterson
Publisher : Cambridge University Press
ISBN 13 : 1009235176
Total Pages : 283 pages
Book Rating : 4.0/5 (92 download)

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Book Synopsis Africa's Urban Youth by : Amy S. Patterson

Download or read book Africa's Urban Youth written by Amy S. Patterson and published by Cambridge University Press. This book was released on 2023-08-10 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Draws from extensive fieldwork in three countries to show how African youth negotiate citizenship through daily obligations, relationships, and political engagement.

Monetary Policy in Sub-Saharan Africa

Author : Andrew Berg
Publisher : Oxford University Press
ISBN 13 : 019108882X
Total Pages : 336 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Monetary Policy in Sub-Saharan Africa by : Andrew Berg

Download or read book Monetary Policy in Sub-Saharan Africa written by Andrew Berg and published by Oxford University Press. This book was released on 2018-02-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low-income countries in sub-Saharan Africa present unique monetary policy challenges, from the high share of volatile food in consumption to underdeveloped financial markets; however most academic and policy work on monetary policy is aimed at much richer countries. Can economic models and methods invented for rich countries even be adapted and applied here? How does and should monetary policy work in sub-Saharan African? Monetary Policy in Sub-Saharan Africa answers these questions and provides practical tools and policy guidance to respond to the complex challenges of this region. Most countries in sub-Saharan Africa have made great progress in stabilizing inflation over the past two decades. As they have achieved a degree of basic macroeconomic stability, policymakers are looking to avoid policy misalignments and respond appropriately to shocks in order to achieve stability and growth. Officially, they often have adopted "money targeting" frameworks, a regime that has long disappeared from almost all advanced and even emerging-market discussions. In practice, though, they are in many cases finding current regimes lacking, with opaque and sometimes inconsistent objectives, inadequate transmission of policy to the economy, and difficulties in responding to supply shocks. Monetary Policy in Sub-Saharan Africa takes a new approach by applying dynamic general equilibrium models suitably adapted to reflect key features of low-income countries for the analysis of monetary policy in sub-Saharan African countries. Using a progressive approach derived from the International Monetary Fund's extensive practice and research, Monetary Policy in Sub-Saharan Africa seeks to address what we know about the empirics of monetary transmission in low-income countries, how monetary policy can work in countries characterized by underdeveloped financial markets and opaque policy regimes, and how we can use empirical and theoretical methods largely derived in advanced countries to answer these questions. It then uses these key topics to guide policymakers as they attempt to adjust food price, terms of trade, aid shocks, and the effects of the global financial crisis.

Expanding Job Opportunities in Ghana

Author : Maddalena Honorati
Publisher : World Bank Publications
ISBN 13 : 1464809429
Total Pages : 211 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Expanding Job Opportunities in Ghana by : Maddalena Honorati

Download or read book Expanding Job Opportunities in Ghana written by Maddalena Honorati and published by World Bank Publications. This book was released on 2016-10-24 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana was, until very recently, a success story in Africa, achieving high and sustained growth and impressive poverty reduction. However, Ghana is now facing major challenges in diversifying its economy, sustaining growth, and making it more inclusive. Most of the new jobs that have been created in the past decade have been in low-earning, low-productivity trade services. Macroeconomic instability, limited diversification and growing inequities in Ghana’s labor markets make it harder for the economy to create more jobs, and particularly, better jobs. Employment needs to expand in both urban areas, which will continue to grow rapidly, and rural areas, where poverty is still concentrated. The current fiscal and economic crisis is heightening the need for urgent reforms but limiting the room for maneuver and increasing pressure for a careful prioritization of policy actions. Going forward, Ghana will need to consider an integrated jobs strategy that addresses barriers to the business climate, deficiencies in skills, lack of competitiveness of job-creating sectors, problems with labor mobility, and the need for comprehensive labor market regulation. Ghana needs to diversify its economy through gains in productivity in sectors like agribusiness, transport, construction, energy, and information and communications technology (ICT) services. Productivity needs to be increased also in agriculture, in order to increase the earnings potential for the many poor who still work there. In particular, Ghana’s youth and women need help in connecting to these jobs, through relevant skills development and services that target gaps in information about job opportunities. Even with significant effort, most of Ghana’s population will continue to work in jobs characterized by low and fluctuating earnings for the foreseeable future, however, and they will need social safety nets that help them manage vulnerability to income shortfalls. More productive and inclusive jobs will help Ghana move to a second phase of structural transformation and develop into a modern middle-income economy.

IMF Research Bulletin, June 2015

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513503979
Total Pages : 15 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis IMF Research Bulletin, June 2015 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, June 2015 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2015-06-18 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the June 2015 issue, the Research Summaries review "Migration: An Attractive Insurance Option in African Countries" (Ahmat Jidoud) and "Investment in Emerging Markets" (Nicolas E. Magud and Sebastian Sosa). The Q&A looks at "Seven Questions on Islamic Finance” (Inutu Lukonga). The Bulletin also includes its regular listings of recent IMF Working Papers and Staff Discussion Notes, as well as information on the "IMF Economic Review." A new IMF eLibrary discussion site on energy and climate change is highlighted, along with new recommendations from IMF Publications.

Implications of Food Subsistence for Monetary Policy and Inflation

Author : Rafael Portillo
Publisher : International Monetary Fund
ISBN 13 : 1475542631
Total Pages : 62 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Implications of Food Subsistence for Monetary Policy and Inflation by : Rafael Portillo

Download or read book Implications of Food Subsistence for Monetary Policy and Inflation written by Rafael Portillo and published by International Monetary Fund. This book was released on 2016-03-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and the properties of inflation at different levels of development. A calibrated version of the model encompasses both rich and poor countries and broadly replicates the properties of inflation across the development spectrum, including the dominant role played by changes in the relative price of food in poor countries. We derive a welfare-based loss function for the monetary authority and show that optimal policy calls for complete (in some cases nearcomplete) stabilization of sticky-price non-food inflation, despite the presence of a foodsubsistence threshold. Subsistence amplifies the welfare losses of policy mistakes, however, raising the stakes for monetary policy at earlier stages of development.

Policies for Sustainable Land Management in the East African Highlands

Author : Samuel Benin
Publisher : ILRI (aka ILCA and ILRAD)
ISBN 13 : 9789291461417
Total Pages : 198 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Policies for Sustainable Land Management in the East African Highlands by : Samuel Benin

Download or read book Policies for Sustainable Land Management in the East African Highlands written by Samuel Benin and published by ILRI (aka ILCA and ILRAD). This book was released on 2003-01-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Africa at a Turning Point?

Author : Delfin Sia Go
Publisher : World Bank Publications
ISBN 13 : 0821372785
Total Pages : 602 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Africa at a Turning Point? by : Delfin Sia Go

Download or read book Africa at a Turning Point? written by Delfin Sia Go and published by World Bank Publications. This book was released on 2008-04-14 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1990s, sub-Saharan Africa has experienced an acceleration of economic growth that has produced rising incomes and faster human development. However, this growth contrasts with the continent's experience between 1975 and 1995, when it largely missed out on two decades of economic progress. This disparity between Africa's current experience and its history raises questions about the continent's development. Is there a turnaround in Africa s economy? Will growth persist? 'Africa at a Turning Point?' is a collection of essays that analyzes three interrelated aspects of Africa's recent revival. The first set of essays examines Africa's recent growth in the context of its history of growth accelerations and collapses. It seeks to answer such questions as, is Africa at a turning point? Are the economic fundamentals finally pointing toward more sustainable growth? The second set of essays looks at donor flows, which play a large role in Africa's growth. These essays focus on such issues as the management and delivery of increased aid, and the history and volatility of donor flows to Africa. The third set of essays considers the recent impact of one persistent threat to sustained growth in Africa: commodity price shocks, particularly those resulting from fluctuations in oil prices.

The Oxford Handbook of Africa and Economics

Author : Célestin Monga
Publisher : OUP Oxford
ISBN 13 : 0191510750
Total Pages : 608 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis The Oxford Handbook of Africa and Economics by : Célestin Monga

Download or read book The Oxford Handbook of Africa and Economics written by Célestin Monga and published by OUP Oxford. This book was released on 2015-07-02 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a long time, economic research on Africa was not seen as a profitable venture intellectually or professionally-few researchers in top-ranked institutions around the world chose to become experts in the field. This was understandable: the reputation of Africa-centered economic research was not enhanced by the well-known limitations of economic data across the continent. Moreover, development economics itself was not always fashionable, and the broader discipline of economics has had its ups and downs, and has been undergoing a major identity crisis because it failed to predict the Great Recession. Times have changed: many leading researchers-including a few Nobel laureates-have taken the subject of Africa and economics seriously enough to devote their expertise and creativity to it. They have been amply rewarded: the richness, complexities, and subtleties of African societies, civilizations, rationalities, and ways of living, have helped renew the humanities and the social sciences-and economics in particular-to the point that the continent has become the next major intellectual frontier to researchers from around the world. In collecting some of the most authoritative statements about the science of economics and its concepts in the African context, this lhandbook (the first of two volumes) opens up the diverse acuity of commentary on exciting topics, and in the process challenges and stimulates the quest for knowledge. Wide-ranging in its scope, themes, language, and approaches, this volume explores, examines, and assesses economic thinking on Africa, and Africa's contribution to the discipline. The editors bring a set of powerful resources to this endeavor, most notably a team of internationally-renowned economists whose diverse viewpoints are complemented by the perspectives of philosophers, political scientists, and anthropologists.

Handbook of Computational Economics

Author : Karl Schmedders
Publisher : Newnes
ISBN 13 : 0080931782
Total Pages : 680 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of Computational Economics by : Karl Schmedders

Download or read book Handbook of Computational Economics written by Karl Schmedders and published by Newnes. This book was released on 2013-12-31 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models, and applications to public finance, macroeconomics, and auctions. They also cover the switch to massive parallelism in the creation of more powerful computers, with advances in the development of high-power and high-throughput computing. Much more can be done to expand the value of computational modeling in economics. In conjunction with volume one (1996) and volume two (2006), this volume offers a remarkable picture of the recent development of economics as a science as well as an exciting preview of its future potential. Samples different styles and approaches, reflecting the breadth of computational economics as practiced today Focuses on problems with few well-developed solutions in the literature of other disciplines Emphasizes the potential for increasing the value of computational modeling in economics

Heterogeneous Agent Modeling

Author : Cars Hommes
Publisher : Elsevier
ISBN 13 : 0444641327
Total Pages : 834 pages
Book Rating : 4.4/5 (446 download)

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Book Synopsis Heterogeneous Agent Modeling by : Cars Hommes

Download or read book Heterogeneous Agent Modeling written by Cars Hommes and published by Elsevier. This book was released on 2018-06-27 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity. Helps readers fully understand the dynamic properties of realistically rendered economic systems Emphasizes detailed specifications of structural conditions, institutional arrangements and behavioral dispositions Provides broad assessments that can lead researchers to recognize new synergies and opportunities

Monetary Policy, Inflation, and Distributional Impact: South Africa’s Case

Author : Mr. Ken Miyajima
Publisher : International Monetary Fund
ISBN 13 : 1513574353
Total Pages : 24 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Monetary Policy, Inflation, and Distributional Impact: South Africa’s Case by : Mr. Ken Miyajima

Download or read book Monetary Policy, Inflation, and Distributional Impact: South Africa’s Case written by Mr. Ken Miyajima and published by International Monetary Fund. This book was released on 2021-03-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The South African Reserve Bank has continued to fulfill its constitutional mandate to protect the value of the local currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining low and stable inflation could at the same time reduce consumption inequality over a 12–18 month horizon, commonly understood as the transmission lag of monetary policy action to the real economy, and similar to the distance between survey waves used in the analysis. In response to “exogenous” monetary policy tightening, the real consumption of individuals at lower ends of the consumption distribution declines relatively modestly, or even increases. With greater reliance on government transfers, thus smaller reliance on labor income, and relatively larger food consumption, these individuals appear to benefit mainly from lower inflation. By contrast, the real consumption of individuals at higher ends of the consumption distribution is more likely to decline due to lower labor income, weaker asset price performance, and higher debt service cost.

Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy

Author : B. Essama-Nssah
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4./5 ( download)

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Book Synopsis Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy by : B. Essama-Nssah

Download or read book Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy written by B. Essama-Nssah and published by World Bank Publications. This book was released on 2007 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in the world price of oil-on the South African economy. The authors merge results from a highly disaggregative computable general equilibrium model and a micro-simulation analysis of earnings and occupational choice based on socio-demographic characteristics of the household. The model provides changes in employment, wages, and prices that are used in the micro-simulation. The analysis finds that a 125 percent increase in the price of crude oil and refined petroleum reduces employment and GDP by approximately 2 percent, and reduces household consumption by approximately 7 percent. The oil price shock tends to increase the disparity between rich and poor. The adverse impact of the oil price shock is felt by the poorer segment of the formal labor market in the form of declining wages and increased unemployment. Unemployment hits mostly low and medium-skilled workers in the services sector. High-skilled households, on average, gain from the oil price shock. Their income rises and their spending basket is less skewed toward food and other goods that are most affected by changes in oil prices.

A technical review of modern cassava technology adoption in Nigeria (1985-2013)

Author : Oparinde, Adewale
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4./5 ( download)

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Book Synopsis A technical review of modern cassava technology adoption in Nigeria (1985-2013) by : Oparinde, Adewale

Download or read book A technical review of modern cassava technology adoption in Nigeria (1985-2013) written by Oparinde, Adewale and published by Intl Food Policy Res Inst. This book was released on 2016-04-13 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent times, results of various adoption studies have been mixed, raising questions regarding why some improved farm technologies are still not widely adopted several years after their first introduction. Many improved cassava varieties have been introduced to millions of farm households across Africa south of the Sahara. Using an extensive review of cassava-adoption literature focused on Nigeria, this paper discusses the uptake of improved cassava varieties. Generic measurement and methodological issues in the literature are illuminated and alternative approaches suggested. The literature can be improved to better inform policy by considering issues such as attribution constraint due to varietal identification challenges and sample selection bias that can limit interpretation of findings. Very few studies disaggregated adoption by men and women, thus the literature can provide more policy relevance by giving adequate attention to gender considerations. Also, the use of only descriptive statistics and dichotomous choice models is most common while issues of sequencing, simultaneity, endogenity, and social learning effects in adoption decisions are under-evaluated. The local germplasm at research institutions in the country is not exhaustive and thus efforts should focus on improving the database for an effective use of a DNA fingerprinting technique in the varietal identification process.

Cross-National Comparative Research Using Panel Surveys

Author : James P. Smith
Publisher : Univ of Wisconsin Press
ISBN 13 : 029923763X
Total Pages : 239 pages
Book Rating : 4.2/5 (992 download)

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Book Synopsis Cross-National Comparative Research Using Panel Surveys by : James P. Smith

Download or read book Cross-National Comparative Research Using Panel Surveys written by James P. Smith and published by Univ of Wisconsin Press. This book was released on 2010-03-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special issue revises and expands on presentations given at a conference on comparative research using international panel surveys held in Ann Arbor, Michigan. Five of the articles explicitly or implicitly examine international differences in savings behavior and wealth accumulation. The final two articles use international comparisons to assess the status of young children.

Poverty in a Rising Africa

Author : Kathleen Beegle
Publisher : World Bank Publications
ISBN 13 : 1464807248
Total Pages : 164 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Poverty in a Rising Africa by : Kathleen Beegle

Download or read book Poverty in a Rising Africa written by Kathleen Beegle and published by World Bank Publications. This book was released on 2016-03-10 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perceptions of Africa have changed dramatically. Viewed as a continent of wars, famines and entrenched poverty in the late 1990s, there is now a focus on “Africa rising†? and an “African 21st century.†? Two decades of unprecedented economic growth in Africa should have brought substantial improvements in well-being. Whether or not they did, remains unclear given the poor quality of the data, the nature of the growth process (especially the role of natural resources), conflicts that affect part of the region, and high population growth. Poverty in a Rising Africa documents the data challenges and systematically reviews the evidence on poverty from monetary and nonmonetary perspectives, as well as a focus on dimensions of inequality. Chapter 1 maps out the availability and quality of the data needed to track monetary poverty, reflects on the governance and political processes that underpin the current situation with respect to data production, and describes some approaches to addressing the data gaps. Chapter 2 evaluates the robustness of the estimates of poverty in Africa. It concludes that poverty reduction in Africa may be slightly greater than traditional estimates suggest, although even the most optimistic estimates of poverty reduction imply that more people lived in poverty in 2012 than in 1990. A broad-stroke profile of poverty and trends in poverty in the region is presented. Chapter 3 broadens the view of poverty by considering nonmonetary dimensions of well-being, such as education, health, and freedom, using Sen's (1985) capabilities and functioning approach. While progress has been made in a number of these areas, levels remain stubbornly low. Chapter 4 reviews the evidence on inequality in Africa. It looks not only at patterns of monetary inequality in Africa but also other dimensions, including inequality of opportunity, intergenerational mobility in occupation and education, and extreme wealth in Africa.