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From the early 1960s to the early 1980s, the officially recorded output of cocoa in Ghana declined by 60%. During the 1983–95 Economic Recovery Programme, however, the official output of cocoa doubled. Although these developments have inspired much empirical research, most of the studies have...
Could a monetary union in West Africa (either an informal monetary union of the non‐CFA countries, or a possible future monetary union of all ECOWAS members) be an effective ‘agency of restraint’ (Collier, 1991) on fiscal policies? We discuss the ways, both positive and negative, that monetary...
War provides economic opportunities, such as the capture of valuable natural resources, that are unavailable in peacetime. However, belligerents may prefer low‐intensity conflict to total war when the former has a greater pay‐off. This paper therefore uses a two‐actor model to capture the...
Semi‐parametric density reweighting techniques are used to examine sources of change in well‐being in Zimbabwe during the first‐half of the 1990s. Changes in urban well‐being are decomposed into changes in employment propensities, changes in human capital attainment and changes in the structure...
Since the collapse of the state in 1991 and the subsequent crash of the domestic currency, the Somali economy starved for liquidity to facilitate economic recovery and means to replace ageing banknotes. In the long absence of effective state authority, forged banknotes from factions competed to...
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