Alberto Paloni

• University of Glasgow

No abstract available.

Industry in Sub-Saharan African programme countries is in a severe crisis. Is this affecting the industrial base necessary for future growth and leading to de-industrialization? Or is the industry undergoing a process of efficient restructuring whereby the lack of growth is the result of inefficient industries shutting down? The analysis in this pa...

It has been suggested that financial liberalization may be a key policy to promote industrialization as it removes the credit access constraint on firms, especially small and medium ones. We investigate the effect of credit expansion in the wake of liberalization on the structure of the industrial sectors in Malawi and find that, in contrast to the...

It has been suggested that financial liberalisation may be a key policy to promote industrialisation as it removes the credit access constraint on firms, especially small and medium ones. We investigate the effect of credit expansion in the wake of liberalisation on the structure of the industrial sectors in Malawi and find that, in contrast to the...

This paper investigates the causal relationships between foreign direct investment (FDI), domestic investment (DI) and economic growth (GDP) in Egyptian, Moroccan and Tunisian economies. Thus, this paper applies a cointegration time series techniques; vector error correction (VEC) model, Granger causality test within the sample period and impulse r...

Many donors have come to view selectivity in aid allocation-particularly towards countries with good governance-as the key for improving aid effectiveness. This position draws support from research according to which the success of policy reforms depends exclusively on domestic political economy factors. This finding has recently been questioned, h...

Is the World Bank's Development Policy Lending likely to enhance ownership and have greater effectiveness than structural adjustment? We specify a dynamic common agency model in which a government considering economic reform faces domestic opposition from interest groups. The dynamic specification, which is original in the context of policy reforms...

Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics, are more likely to implement policy reform. We put th...

Despite the dramatic increase in total foreign direct investment (FDI) flows to developing countries in the last few years, the bulk of the inflows has been directed to only a limited number of countries. It has been argued that developing countries might enhance their attractiveness as locations for FDI by pursuing policies that raise the level of...

In a recent report on its adjustment-lending operations in sub-Saharan Africa, the World Bank provided a typology of countries according to their compliance with adjustment-lending conditionality. Two characteristics of this typology stand out: (1) compliance is evaluated with respect to the full range of policy reforms involved in structural adjus...

No Abstract

Most developing countries consider foreign direct investment (FDI) as an invaluable source for filling the resource gaps that hinder their development programmes. Moreover, FDI can also be a medium for acquiring skills, technology, organizational and managerial practices and access to markets. However, although total FDI inflows have spiralled in r...

This paper investigates whether compliance with policy conditions set out in structural adjustment programmes in Sub-Saharan Africa has been associated with higher economic growth. Interestingly, the sample period for this cross-country analysis varies in accordance with each country’s actual adjustment period. The empirical evidence indicates that...

This paper analyses three aspects of the export supply response to structural adjustment programmes supported by the World Bank. First, have programmes improved programme countries' export performance relative to non-programme countries? Second, have programmes contributed to re-orientation of production and build up of supply capacity? Third, have...

This paper analyses three aspects of the export supply response to structural adjustment programmes supported by the World Bank. First, have programmes improved programme countries ’ export performance relative to non-programme countries? Second, have programmes contributed to re-orientation of production and build up of supply capacity? Third, hav...

If, as some recent research seems to suggest, the economic performance of countries that comply with World Bank conditionality is significantly better than that of countries that do not comply, then an important topic for research is the identification of factors that increase the likelihood of programme countries’ compliance. This paper starts res...

Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics, are more likely to implement policy reform. We put th...