December 2013
Determinants of Inequality in Cameroon: A Regression-Based Decomposition Analysis
This paper applies the regression-based inequality decomposition approach to explore determinants of income inequality in Cameroon using the 2007 Cameroon household consumption survey. The contribution of each source to measured income inequality is the sum of its weighted marginal contributions in all possible configurations of sources as sanctioned by the Shapley value decomposition rule. Regressed-income sources...
December 2013
Welfare Effects of Higher Energy and Food Prices in Botswana: A SAM Price Multiplier Analysis
Using a social accounting matrix (SAM) multiplier framework, the paper examines the welfare effects of higher prices of internationally traded energy and food commodities on economic sectors in Botswana. These are adverse supply–side shocks to Botswana since the country is a net importer of energy and food commodities. The findings indicate that the effects of these shocks are heavily concentrated on very few...
December 2013
Consumption Response to Diaspora Remittances in Zimbabwe
This paper explores the impact of remittances on private consumption in Zimbabwe for the period 1980 to 2007. An augmented Keynesian consumption function which incorporates income, remittances, exchange rate, taxation, inflation and an economic and political instability dummy variable is postulated for this purpose. We also postulate a remittance equation with consumption, income, financial deepening, inflation, trade...
December 2013
An analysis of tourism contribution to economic growth in SADC Countries
The study how the tourism sector can be an engine of economic growth in SADC member countries. The paper found the contribution of tourism to GDP, employment, export receipts and investment is significant. Although this sector’s contribution to the economy varies among SADC countries, the the study found that Seychelles and Mauritius rely heavily on tourism vis-à-vis its contribution to GDP, employment,...
December 2013
The Determinants of Inflation in Botswana and Bank of Botswana’s Medium-Term Objective Range
This study is motivated by the high and unstable episodes of inflation in Botswana over the last 20 years or so. This is despite the Bank of Botswana’s (BOB) concerted effort to keep inflation at its minimum and stable over time. More specifically, it has been attempting to bring down and keep inflation within the medium-term objective range of 3 to 6percent. The objectives of this study are, therefore, to: (a)...
