Objective
Research objectives and content
The objective of this project is to complete and extend on-going research on the pros and cons of further economic and monetary integration with the Southern African Development Community (SADC). More specifically, a first paper reviews the recent economic evolution of the different SADC member states with the objective of assessing the gains and losses of forming a monetary union. In doing so. special attention is given to the existence of idiosyncratic (internal and external) shocks on the one hand and to the impact of the different economic and structural adjustment programs on the convergence process within the region. In a second paper, I extend current (successful) reduced-form model of the real exchange rate to the case of developing countries and estimate it for SADC. The model will be used to assess the impact and long run effects of major institutional changes, the extend of South-African dominance in the region, and the convergence process. In a third paper. I develop a small open developing economy model with forward looking expectations, three goods and the possibility of dual financial markets, to estimate the impact of internal and external shocks and simulate the effect of a monetary union. Training Content (objective, benefit and expected impact)
The objective of the project is to acquire expertise in the field of international economics applied to developing countries. The project should allow me to produce both original academic work and useful policy recommendations on issues of economic and monetary integration in Africa. These results should not only be of interest to of officials in the SADC countries and secretary but also to the European Community and international bodies such as the International Monetary Fund and the World Bank.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
OX1 3UL Oxford
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.