Working Paper
The African Lions
This paper mainly analyses the drivers of economic growth in Kenya and the linkages to the labour market dynamics, with a focus on population growth, its structure, and the prospects of reaping a demographic dividend. This is in recognition that...
Working Paper
Informality, Growth, and Development in Africa
The informal sector makes up an overwhelming share of both gross domestic product and total employment in Africa. In this paper, we lay out some of the basic characteristics of the informal sector in sub-Saharan Africa, relevant institutions, and...
Journal Article
Structural Transformation, Biased Technological Change and Employment in Vietnam
Employment in Vietnam and elsewhere in Asia has grown more slowly than GDP over the last several decades. This means GDP per capita is rising. Vietnamese policymakers, however, are concerned that ongoing structural transformation is creating too few...
Working Paper
Labour Standards in Exports and Developing Countries
This paper investigates the impact labour regulation, as defined by labour standards, have on the international trade regime. After providing a description of the debate's landscape, the paper focuses on the questions: Could the adoption of a...
Working Paper
Identifying monetary policy rules in South Africa with inflation expectations and unemployment
This paper investigates whether a Taylor rule accurately describes the South African Reserve Bank’s reaction function in setting interest rates using quarterly data, covering the period since inflation targeting was formally adopted in 2000. The...
Book Chapter
Informality, Growth and Development in Africa
From the book: Oxford Handbook of Africa and Economics, Vol. 1.
Working Paper
Informal freelancers in the time of COVID-19
Despite the severe negative economic shock associated with the COVID-19 pandemic, evidence from many contexts points to a surge in sales on online platforms, as well as shifts in the composition of demand. This paper investigates how the pandemic has...
Journal Article
How Fast Do Banks Adjust?
This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to make the adjustment parameter both...
Working Paper
Aid, Employment, and Poverty Reduction in Africa
Growth and poverty reduction in Africa are weakly linked. This paper argues that the reason is that Africa has failed to create enough good jobs. Structural transformation―the relative growth of employment in high productivity sectors―has not...