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International Sovereign Bonds by Emerging Markets and Developing Economies : Drivers of Issuance and Spreads

Author/Editor: Andrea Presbitero, Dhaneshwar Ghura, Olumuyiwa Adedeji, Lamin Njie.

Release Date:December, 2015

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper examines these questions using a more...



Price: $18.00
Financial Deepening in the CFA Franc Zone : The Role of Institutions

Author/Editor: Dhaneshwar Ghura, Kangni Kpodar, Raju Jan Singh.

Release Date:May, 2009

During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the more...



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Oil and Growth in the Republic of Congo

Author/Editor: Dhaneshwar Ghura, Rina Bhattacharya.

Release Date:August, 2006

This paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct spillover effects. The empirical results suggest however that political more...



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Sources of Growth in Sub-Saharan Africa

Author/Editor: Brou Aka, Bernardin Akitoby, Amor Tahari, Dhaneshwar Ghura.

Release Date:September, 2004

Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven more...



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Political Instability and Growth : The Central African Republic

Author/Editor: Dhaneshwar Ghura, Benoît Mercereau.

Release Date:May, 2004

This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of more...



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Cotton Sector Strategies in West and Central Africa

Author/Editor: Louis M Goreux, Paul R Masson, Dhaneshwar Ghura, Ousmane Badiane.

Release Date:October, 2002

Cotton production in West and Central Africa (WCA) has contributed to growth and poverty reduction. Recently, the objective of poverty alleviation has been adversely impacted by the downward more...



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Is Growth Enough? Macroeconomic Policy and Poverty Reduction

Author/Editor: Carlos Leite, Charalambos G Tsangarides, Dhaneshwar Ghura.

Release Date:July, 2002

The paper investigates the existence of super pro-poor policies-that is, policies that directly influence the income of the poor after accounting for the effect of growth. It uses a dynamic panel more...



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Private Investment and Endogenous Growth : Evidence From Cameroon

Author/Editor: Dhaneshwar Ghura.

Release Date:December, 1997

This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the more...



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Growth in Sub-Saharan Africa

Author/Editor: Dhaneshwar Ghura, Michael T Hadjimichael.

Release Date:December, 1995

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private more...



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Sub-Saharan Africa : Growth, Savings, and Investment, 1986-93

Author/Editor: Martin Mühleisen, Dhaneshwar Ghura, Roger Nord, Michael T Hadjimichael, E Murat Ucer.

Release Date:June, 1995

This paper assesses the economic performance during 1986-93 of sub-Saharan African countries as a group and of selected analytical subgroups of countries. more...



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