Working Papers

Finance and Firm Productivity in Africa: Background Study from World Bank Enterprise Survey Data
Access to finance has been considered to be one of the important factors in influencing firms’ real activities and in promoting aggregates. However, literature on the relationship between finance and…

Multidimensional Impact Evaluation:
Ending (extreme) poverty in all of its forms everywhere around the world continues to dominate the International Development Agenda (UN 2015). However, while poverty is declining in much of the…

Infrastructure Financing In Nigeria:
Similar to most sub-Saharan African (SSA) countries, Nigeria has a huge infrastructure deficit which considerably limits efforts towards achieving inclusive growth, sustainable development, and poverty reduction. With infrastructure stock estimated…

Consequences Of School Resources For Educational Achievement
This paper examines the determinants of educational achievement in a developing country context, Burkina Faso. We deviate from the extant literature by constructing an aggregate index of school quality from…

Institutions And Sustainable Industrial-led Development In Sub-Saharan Africa
In 2015, economic growth in Sub-Saharan Africa (SSA) slowed to 3.4 percent from 4.6 percent the previous year. The economic slowdown in the region was the result of an interplay…

Regional Trade For Inclusive Development In West Africa
This study examines the potential of regional trade in facilitating the achievement of inclusive development in the West African region. It employs descriptive analysis to examine the nature, composition and…

Portfolio Diversification Between Developed And Less Developed Economies
This study examines the hedging effectiveness of portfolio investment diversification between developed and developing economies; with focus on the Nigerian stock asset vis--vis the stock assets of the United States…

Extra-ECOWAS Trade And Investment Flows: Any Evidence Of Business Cycles Transmission
This study investigates the effects of merchandise trade and investment flows on the transmission of business cycles between members of ECOWAS and the major trading partnersbetween 1985 and 2014. Total…

Export Commodity Prices And Long-Run Growth Of Primary Commodities-Based African Economies
There is a link between primary commodity export prices and economic performance. Many African economies are primary commodities export biased, often in few primary commodities. Previous studies focus on the…

Trade And Foreign Direct Investment Nexus In West Africa: Does Export Category Matter?
This paper examines the effect of inward FDI in West Africa on exports to EU countries. It investigates from a host country perspective, the impact of FDI on different export…

Nigeria-Poland Bilateral Trade: Identifying New Trade Opportunities
This paper examines the bilateral trade relationship between Nigeria andPoland for the period 1995 to 2012. It uses the Decision Support Model (DSM)and the Growth Identification and Facilitation Framework (GIFF)…
Employment Choice And Mobility In Multisector Labor Markets
This paper examines employment choice and occupational mobility using data from Ghana in a model that incorporates capital market failure, credit constrained individuals and draw self-employment capital from family asset.

Analysis Of Bilateral Trade In UEMOA The Implications Of Trade Effects
The paper examines the implications of trade effects in bilateral trade drawing evidence from West African Monetary and Economic Union (UEMOA). It also discusses the importance of political stability to…
Read →Oil Revenues, Institutions And Macroeconomic Performance In Nigeria
The paper presents an elaborate econometric analysis of a number of key macroeconomic indicators to oil revenue and examines the results of oil revenue fluctuations.

Re-examining The Determinants Of Current Account Balance In An Oil-Rich Exporting Country
The paper examines the determinants of current accounts balance in Nigeria with emphasis on oil-related variables.
Read →Testing The Impact Of Foreign Aid And Aid Uncertainty On Private Investment In West Africa
The paper examines the impact of foreign aid on private investment in West Africa and whether multilateral and bilateral aid affects private investment differently.
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