Unpublished Papers

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Potential Gains from Capital Flight Repatriation for Sub-Saharan African Countries (with Hippolyte Fofack), Economics Department Working Paper Series (2009)

Despite the recent increase in capital flows to Sub-Saharan Africa, the region remains largely marginalized...

 

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The Linkages between FDI and Domestic Investment: Unravelling the Developmental Impact of Foreign Investment in Sub-Saharan Africa (with Sher Verick), Economics Department Working Paper Series (2008)

While the recent increase in foreign direct investment (FDI) to African countries is a welcome...

 

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An Employment-targeted Economic Programme for South Africa (with Robert Pollin, Gerald Epstein, and James Heintz), Economics Department Working Paper Series (2006)

This is an independent report produced by a team of international and national consultants supported...

 

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Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance, Economics Department Working Paper Series (2002)

This paper examines the impact of debt forgiveness and debt relief on official development assistance....

 

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Fiscal Policy, Conflict, and Reconstruction in Burundi and Rwanda, Economics Department Working Paper Series (2001)

The ethnic conflicts in Burundi and Rwanda have severely weakened the economies and worsened the...

 

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Overcoming the Fiscal Crisis of the African State (with Tony Addison), Economics Department Working Paper Series (2001)

A critical task is to construct a development state---a set of democratically-accountable institutions capable of...

 

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Is There a Case for Formal Inflation Targeting in Sub-Saharan Africa? (with James Heintz), PERI Working Papers (2010)

This paper examines the question of whether inflation targeting monetary policy is an appropriate framework...

 

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Corruption and Growth: Exploring the Investment Channel (with Mina Baliamoune-Lutz), Economics Department Working Paper Series (2008)

This study investigates the impact of corruption on public and private investment in African countries...

 

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Reserves Accumulation in African Countries: Sources, Motivations, and Effects (with Adam Elhiraika), Economics Department Working Paper Series (2007)

African countries have accumulated substantial foreign currency reserves in recent years, mostly from higher commodity...

 

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The Growth Effects of Openness to Trade and the Role of Institutions: New Evidence from African Countries (with Mina Baliamoune-Lutz), Economics Department Working Paper Series (2007)

In this paper, we explore the argument that one of the causes for the limited...

 

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Corruption and Pro-Poor Growth Outcomes: Evidence and Lessons for African Countries, PERI Working Papers (2006)

There is growing consensus on the view that corruption hurts economic performance by reducing private...

 

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Can macroeconomic policy stimulate private investment in South Africa? New insights from aggregate and manufacturing sector-level evidence, Economics Department Working Paper Series (2005)

This study explores the determinants of investment using both aggregated industry-level data and disaggretated data...

 

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Distributional conflict, the state, and peace building in Burundi, Economics Department Working Paper Series (2005)

This paper examines the causes of conflict in Burundi and discusses strategies for building peace....

 

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Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa, PERI Working Papers (2003)

This study examines capital flows and shifts in capital account and exchange rate regimes in...

 

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Financial Development, Financial Structure, and Domestic Investment: International Evidence, Economics Department Working Paper Series (2003)

Does it matter for domestic investment whether a country’s financial system is bank based or...

 

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The Economics of Civil War: The Case of the Democratic Republic of Congo (with Kisangani Emizet), PERI Working Papers (2003)

This study analyzes the causes of civil wars in the Congo since independence and investigates...

 

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Africa’s Debt: Who Owes Whom? (with James K. Boyce), PERI Working Papers (2002)
 

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Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries (with James K. Boyce), Economics Department Working Paper Series (2002)

We investigate the determinants of capital flight from 30 sub-Saharan African countries, including 24 countries...

 

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Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996 (with James K. Boyce), Economics Department Working Paper Series (2000)

This paper presents estimates of capital flight from 25 low-income sub-Saharan African countries in the...