Le 21 mars 2018, à Kigali, au Rwanda, une étape majeure dans le processus d'intégration économique de l'Afrique a été franchie avec la signature de l'Accord établissant la Zone de libre-échange continentale africaine (ZLECAf) par 44 pays africains.…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
We consider two countries with initially one firm in each country and the possibility for each firm to invest in the other country or commercialize its products, and for workers to immigrate (Common Labor Market; CLM). Interestingly, when firms…
Existing approaches to the analysis of countries economic integration processes in international practice are investigated in the paper. Evaluating methodology of the long-term integration processes in the electric power sector is offered for the…
The growing importance of trade in services in the international economy motivates the study of different factors that may influence the development of this sector. This paper seeks to contribute to the scarce research on access to financing for the…
Executive Summary
Mauritius had its first three COVID-19 cases on 18 March 2020 and the island was under "sanitary" lockdown for two weeks. From 24 to 31 March, the country went under complete lockdown with only essential services being…
The short article provides a review of the Economy for the year 2019-2020 and also discusses the challenges ahead
The controversy whether the “fear of floating” or the “fear of capital mobility” determines a country’s foreign reserve holdings is an ongoing research debate. This issue remains unresolved in global economic and finance studies. This study has the…
Over the years, public debt has been an important source of funding the growth and development projects for developing countries. As a result, public debt size in these countries has risen substantially over the past decades. In particular, sub-…
This paper employs the WITS-SMART simulation model to examine the welfare effects of economic integration in the TFTA region. The results indicate that welfare gains are skewed, and some countries and economic sectors are poised to gain more than…