https://link.springer.com/content/pdf/10.2307%2F3343168.pdf

Development as Freedom

Stakeholder behavior and stakeholder management are key success factors within project portfolio management (PPM). This empirical study of 197 project portfolios investigates the effect of the intensity of engagement (IoE) of portfolio-internal stakeholders on project portfolio success. We show that the effect of stakeholders is phase-specific and that role clarity as a measure of PPM maturity affects the nature of the relationship between the IoE of stakeholders and portfolio success. The effects of the IoE of senior managers on success are not clearly positive with regard to strategic portfolio structuring and are even negative in operative portfolio steering in established PPM systems. In immature PPM systems, line managers tend to take advantage of their position in resource management. Surprisingly, the influence of portfolio managers in portfolio steering is insignificant. Altogether, this paper shows the diverse effect of the IoE of stakeholders on portfolio success. This study enriches project research by applying stakeholder theory to the project portfolio context and offers practical guidance for further professionalizing PPM.

Behavior of Internal Stakeholders in Project Portfolio Management and Its Impact on Success

South Africa is a developing country faced with diverse challenges like high unemployment, poverty, inequality and low economic growth In an attempt to address these issues, government can embark 

https://www.tandfonline.com/doi/pdf/10.1080/23322039.2018.1516483

Can public debt stimulate public investment and economic growth in South Africa

Motivated by theoretical arguments (see e.g. Romer, 2010 , Mokyr, 2008 ) that assert a positive impact of institutions on R&D, this paper aims to provide some empirical analysis on the relationship between the two variables. In particular, using a core sample of 98 countries over the period 1996–2009, this paper has found a significant direct effect of institutions on R&D intensity. Countries with better institutions qualities as captured by the World Banks’ Worldwide Governance Indicators (WGI) tend to attract more scientists and engineers into the research field and to spend more on R&D as well. This paper has also found evidence that the effect of institutions varies in different economies characterized by different levels of financial development and human capital accumulation, but stays relatively unchanged across countries with different levels of trade openness.

Can institutions explain cross-country differences in innovative activity?

The purpose of this paper is to examine the impact of external debt and corruption on economic growth in the selected five Sub-Saharan African (SSA) countries, from 1990 to 2015.,Panel unit root and panel cointegration tests are employed to test for stationarity of the series and the long-run relationship, respectively. Fully modified OLS and dynamic OLS techniques are also employed to examine the long-run coefficients of the variables of the model, as well as panel Granger causality test, in order to examine the direction of causality among the variables.,The results indicate that there is a negative relationship between external debt and economic growth, as well as a bi-directional causality between the two variables. The findings also indicate a positive relationship between corruption and economic growth, as well as a uni-directional causality running from economic growth through corruption.,The study recommends that the governments of the selected countries should address the menace of rising external debt through the adoption of other sources of capital for investment. Such include more openness of the economy for more capital, by easing restrictions on genuine imports and exports of valuable goods and services. It also suggests that the issue of corruption be tackled head-on, by such penalties that tend to make corruption less attractive.,While the relationship between economic growth and external debt, on the one hand, and corruption and economic growth, on the other hand, have received considerable attentions, the trio of external debt, corruption and economic growth have not been found combined in a model, to the best of the authors’ knowledge. Also, the countries under consideration, who jointly account for about 47 percent of the entire SSA countries’ stock of external debt, have not been jointly found in any recent panel studies involving the selected variables.

The nexus between external debt, corruption and economic growth: evidence from five SSA countries

Summary

The article investigates whether differences in public sector management quality affect the link between public debt and economic growth in developing countries. For this purpose, we primarily use the World Bank's institutional indices of public sector management (PSM). Using PSM thresholds, we split our panel into country clusters and make comparisons. Our linear baseline regressions reveal a significant negative relationship between public debt and growth. The various robustness exercises that we perform also confirm these results. When we dissect our data set into “weak” and “strong” county clusters using public sector management scores, however, we find different results. While public debt still displayed a negative relationship with growth in countries with “weak” public sector management quality, it generally displayed a positive relationship in the latter group. The tests for non-linearity shows evidence of an “inverse-U”-shape relationship between public debt and economic growth. However, we fail to see a similar significant relationship on country clusters that account for PSM quality. Yet, countries with well-managed public sectors demonstrate a higher public debt sustainability threshold. Copyright © 2015 John Wiley & Sons, Ltd.

/pdf/public-debt-economic-growth-and-public-sector-management-in-1yet2ocolz.pdf

Public debt, economic growth, and public sector management in developing countries : is there a link?

Purpose – The study of the link between debt and growth has been full of debates, both in theory and empirics. However, there is a growing consensus that the relationship is sensitive to the level of debt. The purpose of this paper is to address the question of non-linearity in the long-term relationship between public debt and economic growth. Specifically, the author set out to test if there exists an established “laffer curve” type relationship, where debt contributes to economic growth up to a certain point (maximal threshold) and then starts to have a negative effect on growth afterwards. Design/methodology/approach – To carry out the tests, the author has used a methodology that delivers a superior test of inverse U-shapes (Lind and Mehlum, 2010), in addition to the traditional test based on a regression with a quadratic specification. Findings – The results in the paper present evidence of a bell-shaped relationship between economic growth and total public debt in a panel of low-income Sub-Saharan ...

/pdf/the-laffer-curve-and-the-debt-growth-link-in-low-income-sub-56ekdt9h3v.pdf

The laffer curve and the debt-growth link in low-income Sub-Saharan African economies

This paper provides new empirical evidence on the relative productivity disadvantage of female-owned firms compared with male-owned firms in a developing country setting. We rely on a large...

/pdf/the-productivity-gaps-of-female-owned-firms-evidence-from-4rd12rpyo7.pdf

The Productivity Gaps of Female-Owned Firms: Evidence from Ethiopian Census Data

Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However, unlike advanced and emerging economies, currency crises in low-income countries have not received due attention. This paper uses the signals approach developed by Kaminsky et al. (1998) and assesses currency crisis in Ethiopia over the time frame January 1970 to December 2008. Using the Exchange Market Pressure Index (EMPI), we identify three currency crisis episodes, Oct. 1992 - Sep. 1993; Mar. – Jul. 1999 and Oct. – Dec. 2008. This timing shows the importance of both local and international dynamics in determining currency crises. The crisis periods coincide with the liberalization following the fall of Ethiopian socialism, the Ethio-Eritrean border conflict, and the zenith of the global financial crisis, respectively. More macro-economic indicators picked up the first crisis in a 24 month signalling window, compared to the latter two. Three categories of indicators were used: current account, capital account and domestic financial sector. None of the capital account indicators were significant based on the noise-to-signal ratio rule. One possible explanation for this might be the weak integration of the Ethiopian economy with global capital markets.

/pdf/assessing-indicators-of-currency-crisis-in-ethiopia-signals-j5s303pha2.pdf

Assessing Indicators of Currency Crisis in Ethiopia: Signals Approach

In this study, we explore if claims of ‘good’ (improving) economic governance are factual in DRC, particularly over the 2003-2016 period. We analyze the role of institutional reforms (mainly those of former P. M. Matata Ponyo) for gains in economic governance and how this compares to failures in basic functions of the state. We show how recent gains in economic growth and contentions of ‘good’ governance (in public institutions, big projects, etc.) overlap a ‘real’ governance composed of competitive clientelism and elite capture. In this regard, we document a list of major reforms and the ‘resistance’ to such reforms posed by the political elite. We also discuss the economics and governance of mega projects (often termed as ‘white elephants’) in the agribusiness sector, i.e. Parcs Agro-Industriels. By focusing on one major project (Bukanga-Lonzo), we depict the role and dynamics of key private actors and personalities.

Kelbesa Megersa

Papers

Public debt, economic growth, and public sector management in developing countries : is there a link?

The laffer curve and the debt-growth link in low-income Sub-Saharan African economies

The Productivity Gaps of Female-Owned Firms: Evidence from Ethiopian Census Data

Assessing Indicators of Currency Crisis in Ethiopia: Signals Approach

Real governance in the DRC (2003-2016): between reforms and white elephants