Person:
Abreha, Kaleb
Author Name Variants
Fields of Specialization
International economics,
Industrial organization,
Development economics
Degrees
ORCID
External Links
Departments
Office of the Chief Economist for Africa Region
Externally Hosted Work
Contact Information
Last updated
January 31, 2023
Biography
Kaleb Girma Abreha is an economist in the Office of the Chief Economist for the Africa Region at the World Bank. He was also a World Bank Africa fellow. Before joining the World Bank, he was a postdoctoral research fellow at the Department of Economics and Business Economics and Department of Management, Aarhus University (Denmark). In addition to research, he lectured and assisted several undergraduate and graduate courses in economics, international business, and strategic management at universities in Denmark and Ethiopia. He has a PhD in economics from Aarhus University (Denmark), an MSc in agricultural economics from the University of Copenhagen (Denmark), and a BA in economics from Addis Ababa University (Ethiopia). Kaleb’s research focuses on industrialization, international trade and investment, global value chains, productivity, exchange rates, and CEOs and firm performance. His research has been published in peer-reviewed journals such as the World Bank Economic Review and the World Economy.
Publication Search Results
1 - 2 of 2
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Publication
Deconstructing the Missing Middle: Informality and Growth of Firms in Sub-Saharan Africa
(World Bank, Washington, DC, 2022-11)This paper characterizes the firm size distribution by exploiting establishment-level censuses covering both formal and informal firms in Sub-Saharan Africa. The paper finds a "missing middle" in the employment-based size distribution of firms in four Sub-Saharan African countries. This "missing middle" hinges on the inclusion of informal firms, and it is not explained by state- or foreign-owned firms at the top of the size distribution, nor does it emerge from the size distribution of entrants. The paper reconciles these empirical results with a model of firm dynamics with endogenous informality and shows that calibrated values of entry barriers and productivity-dependent idiosyncratic distortions generate a "missing middle" that is consistent with its underlying drivers in the data. -
Publication
Africa's Pulse, No. 25, April 2022
(Washington, DC: World Bank, 2022-04-13)Sub-Saharan Africa's recovery from the pandemic is expected to decelerate in 2022 amid a slowdown in global economic activity, continued supply constraints, outbreaks of new coronavirus variants, climatic shocks, high inflation, and rising financial risks due to high and increasingly vulnerable debt levels. The war in Ukraine has exacerbated the already existing tensions and vulnerabilities affecting the continent. Given the sources of growth in the region and the nature of the economic linkages with Russia and Ukraine, the war in Ukraine might have a marginal impact on economic growth and on overall poverty—as this shock affects mostly the urban poor and vulnerable people living just above the poverty line. However, its largest impact is on the increasing likelihood of civil strife as a result of food- and energy-fueled inflation amid an environment of heightened political instability. The looming threats of stagflation require a two-pronged strategy that combines short-term measures to contain inflationary pressures and medium-to-long-term policies that accelerate the structural transformation and create more and better jobs. In response to supply shocks, monetary policy in the region may prove ineffective to bring down inflation and other short-run options may be restricted by the lack of fiscal space. Concessional financing might be key to helping countries alleviate the impact of food and fuel inflation. Over the medium term, avoiding stagflation may require a combination of actionable measures that improve the resilience of the economy by shoring up productivity and job creation. Lastly, ongoing actions to enhance social protection—including dynamic delivery systems for rapid scalability and shock-sensitive financing—could be strengthened further to improve economic resilience against shocks and foster investments in productive assets.