Publications

This paper was commissioned by the Economic Affairs sub-committee of the East African Community Monetary Affairs Committee. The paper offers a template for Partner State central banks to employ in developing common operational and analytical approaches to understanding the evolution and behaviour of the money multiplier in the context of…

The investment climate of a region reflects the location specific factors that provide opportunities and incentives for firms to invest, create jobs, and expand. A good investment climate removes unjustified costs, risks, and barriers to competition and encourages firms to invest and undertake productivity improvements that can benefit workers and…

Where do the capabilities of new firms in developing countries come from? One answer is from other firms: employees spin off to launch their own businesses. In this project, Marc Muendler and James Rauch of the University of California, San Diego computed, for the first time, the share of employee…

This paper considers the key problems confronting the Pakistan Planning Commission, briefly examines the essentials of planning for a mixed economy, draws lessons from the experience of countries, both developed and developing, that have formulated and implemented successful plans, and suggests measures to revitalize the Planning Commission. Some suggestions are…

Malaysia and Ghana both gained their independence from British rule in 1957. Both economies were relatively resource rich. Ghana was the leading exporter of cocoa while Malaya, as it was then known, was pre-eminent in exporting rubber and tin. This discussion paper, delivered at the Ghana Growth Forum, draws possible…