Person:
Zeufack, Albert G.

Office of the Chief Economist for Africa Region
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Zeufack, Albert (ed.)
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Micro-foundations of macroeconomics
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Office of the Chief Economist for Africa Region
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Last updated: April 3, 2023
Biography
Albert G. Zeufack is the World Bank Country Director for Angola, Burundi, the Democratic Republic of Congo, and Sao Tome and Principe. Prior to this assignment, from 2016 to 2022, Dr. Zeufack held the position of Chief Economist for the World Bank’s Africa region. A Cameroonian national, Dr. Zeufack joined the World Bank in 1997 as a Young Professional and started his career as a research economist in the macroeconomics division of the research department. Since then, he has held several positions in the World Bank’s Africa, East Asia and Pacific, and Europe and Central Asia regions. Between 2008 and 2012, when on leave from the World Bank, he served as Director of Research and Investment Strategy/Chief Economist for Khazanah Nasional Berhad, a Malaysian Sovereign Wealth Fund. He previously worked as Director of Research at the Natural Resource Governance Institute, and before that he co-founded the Natural Resource Charter.
Citations 11 Scopus

Publication Search Results

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  • Publication
    Learning to Export : Evidence from Moroccan Manufacturing
    (World Bank, Washington D.C., 2002-04) Fafchamps, Marcel; El Hamine, Said; Zeufack, Albert
    The authors test two alternative models of learning to export: productivity learning, whereby firms learn to reduce production cost, and, market learning, whereby firms learn to design products that appeal to foreign consumers. Using panel, and cross-section data on Moroccan manufacturers, the authors uncover evidence of market learning, but little evidence of productivity learning. These findings are consistent with the concentration of Moroccan manufacturing exports in consumer items - the garment, textile, and leather sectors. It is the young firms that export. Most do so immediately after creation. The authors also find that, among exporters, new products are exported very rapidly after production has begun. The share of exported output nevertheless, increases for 2-3 years after a new product is introduced. Old firms are unlikely to switch to exports, even in response to changes in macroeconomic incentives. The authors find a positive relationship between exports, and productivity, and conclude that it is the result of self-selection: it is the more productive firms that move into exports. Policy implications are discussed.