Country Economic Memorandum

239 items available

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http://hdl.handle.net/10986/2184

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Lake Chad Regional Economic Memorandum: Technical Paper 4. Infrastructure and Structural Change in the Lake Chad Region

(World Bank, Washington, DC, 2021-11-09) Lebrand, Mathild

This paper focuses on the impact of infrastructure on economic development for the countries around the Lake Chad area, an economically- and socially-integrated area in north-west Africa that has development potential, but which has been undermined by multiple and interrelated drivers of fragility, conflict, and violence. The Lake Chad region comprises a set of administrative areas across Cameroon, Chad, Niger, and Nigeria that surround Lake Chad, with an estimated 17 million to 19 million people, who are primarily involved in agriculture and fishing activities. The region has one of the largest concentrations of extreme poverty in Sub-Saharan Africa and the world and lags in human development outcomes and access to key public services. The paper analyzes the impact of infrastructure in Cameroon, Chad and Nigeria, from a national and regional perspective, and with a particular focus on the Lake Chad area. The paper is structured as follows. Section two presents the data. Section three presents the empirical strategy and results. Section four develops a spatial general-equilibrium model to produce counterfactuals for more regional integration. Section five concludes.
Infrastructure and Structural Change

(World Bank, Washington, DC, 2021-06-21) Herrera Dappe, Matias ; Lebrand, Mathilde

Access to infrastructure support economic development through both capital accumulation and structural transformation. This paper investigates the links between investments in electricity, Internet, and road infrastructure, in isolation and bundled, and economic development in the Horn of Africa, a region that includes countries with different levels of infrastructure and economic development. Using data on the expansion of the road, electricity, and Internet networks, it provides reduced-form estimates of the impacts of infrastructure investments on the sectoral composition of employment. It uses a spatial general equilibrium model, based on Moneke (2020), to quantify the impacts of future transport investments and trade facilitation measures on economic development in the Horn of Africa countries.
A Framework for Enhancing Intra-regional Connectivity in the Horn of Africa

(World Bank, Washington, DC, 2021-06-21) Kunaka, Charles ; Derudder, Ben

This background paper systematically maps and assesses the connectivity of cities in the Horn of Africa (HoA) and uses the results to proposes a number of policy perspectives on how to strategically boost connectivity in different parts of the region. Analytically, this is achieved through network analysis of the directness, the diversity, topology and the density of HoA cities’ transport infrastructure connections. Crucially, network analysis allows proxying HoA cities’ potential to participate in value chains at various geographical scales and identifying key areas of possible intervention. Results can guide institutional and governance measures that can be taken to influence connectivity as a whole and for specific cities and transport corridors in particular. The output can thus help determine the interventions that are needed to tackle bottlenecks in corridors, addressing infrastructure, policy and regulatory constraints. The remainder of this paper is organized as follows. Section 2 outlines the rationale for an analysis of inter-urban connectivity in general and its linkages with the broader topic of regional integration and the economic geographies of the HoA in particular. Section 3 discusses our analytical framework, while Section 4 discusses the results. The paper is concluded with a discussion of key policy perspectives in section 5.
Turning Smallness into Uniqueness: Six Key Challenges to Unlock Sao Tome and Principe Growth’s Potential

(World Bank, Washington, DC, 2019-07-24) World Bank

Economic growth in Sao Tome and Príncipe (STP) has long been driven by an unsustainable reliance on public expenditures, especially grant- and loan-financed public investment. STP needs to turn its smallness into uniqueness to unlock its growth potential. To accomplish this transformation, this image must be matched by a more balanced growth in which the private sector plays a larger role and with a more effective government. Tourism, agriculture, and fisheries could drive the country’s transition to a more balanced growth pattern. This Country Economic Memorandum (CEM) highlights six key challenges that STP must overcome as it transitions to a more balanced growth pattern and it offers policy recommendations for addressing each challenge. Accomplishing this rebalancing will require STP to address six key challenges at the macroeconomic, structural, and sectoral level. These include: (i) The twin budget and current-account deficits; (ii) Weak trade connectivity by both air and sea; (iii) Credit constraints caused by a high level of non-performing loans and difficulties enforcing commercial contracts; (iv) Uncertainty surrounding property rights and land tenure; (v) Poor-quality infrastructure, especially in the energy and transportation sector; and (vi) The overexploitation of marine resources.
Country Economic Memorandum for Sao Tome and Principe - Background Note 11: What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?

(World Bank, Washington, DC, 2019-06-26) Monte-Rojas, Gabriel

The purpose of this paper is to empirically evaluate the tourism performance of STP with respect to the main determinants that have been found in the literature. Tourism is clearly a comparative advantage of STP and already an important economic activity, however, STP is far from the characterization of a tourism-dependent small economy. Tourism represents 10.8 percent of GDP and the ratio between international inbound tourists and population is at 14.5 percent. For a summary of how STP relates to other destinations. This puts STP as the twelfth country in terms of size of direct contribution of the tourism sector to GDP and the eighteenth in terms of the ratio between tourists and population. Using data from different sources, this note analyzes STP’s tourism-related characteristics and uses different empirical tools to evaluate them vis-à-vis its peers. Economic literature shows that tourism demand is affected by price and income but also by a host of other factors such as air connectivity, language, and culture among others. First, there is an extensive research agenda on measuring price and income elasticities of tourism, which is specific for different types of tourism destination. Second, there is a myriad of characteristics that are found to be important to the tourism industry, such as remoteness, language, culture, air connectivity, bilateral trade, etc. More recently, there has been many studies emphasizing the role of digital media and digital presence1 as a key determinant of tourist decisions.