Policy Center for the New South

The aim of this work is to contribute to the empirical literature on employment-GDP elasticities in four main ways. First, it provides a set of employment-GDP elasticities for a sample of emerging and developing economies, including 11 sub-Saharan countries, based on the GGDC 10-sectors database. Second, it assesses the extent to which manufacturing activities are inclusive compared to the rest of the economy, in terms of employment creation. Third, it explores the determinants of c ...

The current economic, political and geo-strategic dynamics, centered on the major regional groups, announce a reconfiguration of the international order in which Africa is called to play an important role through its main continental institution which is the Union African Union (AU). The AU is increasingly emerging as the continent's platform with foreign partners, and continues to face problems of dependence, governance and leadership. Therefore, in a critical and forward-looking a ...

This paper reports on the recent developments in the construction of an interregional input-output matrix for Morocco (IIOM-MOR). As part of an ongoing project that aims to specify and calibrate an interregional CGE (ICGE) model for the country, a fully specified interregional input-output database was developed under conditions of limited information. Such database is needed for future calibration of the ICGE model. We conduct an analysis of the intraregional and interregional shar ...

Le processus continu et renforcé de l’accumulation du capital physique, dans lequel s’est engagé le Maroc depuis le début des années 2000, a permis de préserver la stabilité des équilibres fondamentaux et d’amortir les différents chocs exogènes, aussi bien internes qu’externes. Cependant, cet effort d’accumulation n’a pas permis d’insuffler un accroissement significatif des gains de productivité et d’accélérer la transformation de la base productive. Ce Policy Brief propose de décri ...

The continuous and reinforced process of accumulating physical capital, in which Morocco has embarked since the early 2000s, has helped to preserve the stability of the fundamental equilibrium and cushion the economy from various external and exogenous shocks. However, these accumulation efforts have not led to a significant increase in productivity gains or to an accelerated transformation of the productive base. This Policy Brief aims to describe the underpinnings of the capital a ...

Brazil’s labor and total-factor productivity (TFP) have featured anemic increases in the last decades (Canuto, 2016). As we illustrate here, contrary to common view, sector structures of the Brazilian GDP and employment cannot be singled out as major determinants of productivity performance. Horizontal, cross-sector factors hampering productivity increases seem to carry more weight. Brazil’s productivity performance has been dismal Since the end of the 1970s, the Brazilian labor p ...

U.S. Africa policy has tended to shift over time and has lacked a clear overarching strategic vision. The Trump administration’s approach in Africa should articulate a limited set of principles that clarifies and solidifies a more sustainable framework that is better suited to address fundamental drivers of Africa’s future. These principles include prioritizing key countries and rationalizing resources, creating an “Investment- First” policy in Africa, and more clearly communicating ...