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macroeconomic variables Tagged Articles
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5.1 Determinants of diversification in Africa: Economic Report on Africa 2007
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| Diversification and policy variables constitute a two-way process in that diversification
not only influences policy outcomes, but is itself influenced by policy variables.
This proposition naturally leads to the search for those economic and non-economic
policy actions that are likely to affect the level and rate of diversification in a country.
What evidence is there that links economic and non-economic variables with
national capacity to diversify? |
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Other macroeconomic variables Related Articles
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Anticipating Referrals
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| If you're not sure what to expect from your marketing efforts, take these variables into account. |
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Overview I: Economic Report on Africa 2007
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| Moderate world growth and the threat of macroeconomic imbalances |
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1.3 World macroeconomic imbalances: Economic Report on Africa 2007
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| Macroeconomic imbalances still a major concern |
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2.1 Growth performance V: Economic Report on Africa 2007
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| Sustainability of macroeconomic balances remains a
concern over the medium term |
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5.1 Determinants of diversification in Africa: Economic Report on Africa 2007
| |
| Diversification and policy variables constitute a two-way process in that diversification
not only influences policy outcomes, but is itself influenced by policy variables.
This proposition naturally leads to the search for those economic and non-economic
policy actions that are likely to affect the level and rate of diversification in a country.
What evidence is there that links economic and non-economic variables with
national capacity to diversify? |
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5.1 Macroeconomic stance is crucial to diversification outcomes: Economic Report on Africa 2007
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| An important aspect of the diversification debate and of Africa’s experience has to
do with the role that macroeconomic policy plays. This has also been investigated at the continental level in the results that are presented in table A5.1. Two important
indicators of macroeconomic stability, depending on the macroeconomic policy in
operation, are inflation and real effective exchange rates and these are found to be
among the most critical determinants of diversification outcomes in Africa. |
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5.1 It is not just a matter of policy as institutions matter in diversification efforts: Economic Report on Africa 2007
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| Governance is one of the variables that capture the part that institutions play and
it emerges as strongly significant. In fact, in absolute terms, looked at from the
regional level, governance has stronger marginal effects compared to other variables
in our investigations. |
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1.15 Building an employment agenda: Working Out of Poverty
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| Employment, and the promotion of enterprise that creates it, remains
the most effective route to poverty eradication. The objective of full employment
is essential – an issue on which the European Union has given political
leadership. Most policy prescriptions, however, do not view job creation as
an explicit objective of economic and social policies, but rather as a hopedfor
result of sound macroeconomic policies. At the ILO, we believe that
sound macroeconomic policies are essential for desired growth, but such
growth must be employment-intensive to effectively reduce poverty. While
the main challenge remains at the national level, development cooperation
has a role to play. Donor countries and institutions, especially international
financial institutions, should build this in as an integral part of their vision. |
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Policy Implications
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| The empirical work undertaken highlights a number of key policy-related and conventional variables that have significantly affected the growth performance of sub-Saharan Africa during 1981–97. To a large extent, it has also shown that the positive evolution of these variables has played an important role in the economic recovery of the region during 1995–97.
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Understand the Variables: How Lenders Vary their Rates
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| When someone is interested in taking out a mortgage, a fair amount of research will need to be looked into. This is because lenders, both public and private, will vary their rates depending on a certain number of variables. To understand these variables, it's important to break them down into what sorts of things a lender looks for. An obvious variable is credit. Those with good credit will clearly be able to pay lower rates than those with bad, because they are less of a liability. Though it seems almost counterintuitive to charge those with a history of not paying people back more money, this is one of the factors that are used. |
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