Arne Bigsten's Books

A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.

Uganda in the 1970s and early 1980s was one of Africa's more tragic economic stories. Emerging from civil war, it had to embark on reform in the early to mid-1980s from a position of severe political weakness. In the study, the effects of economic policy at the aggregate level are discussed in detail, but 'snapshot' empirical analyses of responses at the household level, both urban and rural, are also presented. Uganda was for many years considered to be Africa's 'worst case'; its recent recovery thus provides hope for similar countries in the region.

What fate awaits Tanzania? Economic progress since 1995 provides some hope that the future is bright.

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average investment regressions modeling the response to capital imbalance, and transition data analysis indicate that irreversibility is an important factor considered by firms when making investment plans. The picture is not unanimous however, and some explanations for the mixed results are proposed.

What fate awaits Tanzania? Economic progress since 1995 provides some hope that the future is bright.

Book's by Arne Bigsten

Foreign Aid, Debt, and Growth in Zambia

Foreign Aid, Debt, and Growth in Zambia

Crisis, Adjustment and Growth in Uganda

Crisis, Adjustment and Growth in Uganda

Tanzania

Tanzania

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Crisis, Adjustment and Growth in Uganda

Crisis, Adjustment and Growth in Uganda

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Foreign Aid, Debt, and Growth in Zambia

Foreign Aid, Debt, and Growth in Zambia

Tanzania

Tanzania

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