250 results
Search Results
2. Introduction.
- Author
-
Aryeetey, Ernest, Kanbur, Ravi, and Page, John
- Subjects
PREFACES & forewords ,ECONOMIC development - Abstract
The article discusses the topics published within the issue, including one on the significance of a shared sectoral growth in the economy and another on the role of migration and remittances in the process of shared growth.
- Published
- 2006
- Full Text
- View/download PDF
3. The Growth Effects of the Bulging Economically Active Population in Sub‐Saharan Africa: Do Institutions Matter?
- Author
-
Bonuedi, Isaac, Kamasa, Kofi, and Boateng, Elliot
- Subjects
ECONOMIC development ,GROSS domestic product ,STOCK exchanges ,BANKING industry ,INVESTORS - Abstract
This paper examines the importance of good institutions in harnessing the growth effects of the bulging economically active population in sub‐Saharan Africa (SSA). The paper utilizes a panel dataset comprising 39 countries over the period 2002–13. Based on the system generalized method of moments estimator, this paper finds that an increase in the relative size of the working‐age population has no direct significant impact on growth, except through the presence of strong and high‐quality institutions. The paper also finds that control of corruption, rule of law and political stability are the specific aspects of institutions that matter the most in reaping the dividend. These results do not only highlight the primacy of strong institutions but also shed light on the key institutional pillars that need to be strengthened to rake in the positive effects of an increasing working age population on economic growth in SSA. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
4. Does infrastructural development foster export upgrading in Africa?
- Author
-
Kamguia, Brice, Ndjakwa, Manuella, and Tadadjeu, Sosson
- Subjects
ELECTRICITY pricing ,ECONOMIC development ,PANEL analysis - Abstract
A growing body of literature highlights the importance of export sophistication for economic development. Given the newness of the literature on export sophistication, its determinants are under‐exploited. As a pioneer study, this paper attempts to fill this gap in the literature by examining the effect of infrastructure development on export sophistication. Based on a panel of 45 African countries over the period 2003–2016, the results of the different estimations show that infrastructure, including transport, electricity, ICT and access to water and sanitation, improves export sophistication in Africa. Our results also show that the effect of infrastructure varies at different intervals of the export sophistication distribution. Therefore, improved infrastructure would allow African countries to not only improve their export structure but also achieve sustainable and durable growth. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
5. Has International Aid Promoted Economic Growth in Africa? .
- Author
-
Cai, Jinyang, Zheng, Zuting, Hu, Ruifa, Pray, Carl E., and Shao, Qianqian
- Subjects
SUSTAINABLE development ,GROSS domestic product ,ECONOMIC development ,GROSS national product - Abstract
Abstract: Using panel data on 47 African countries from 1980–2013, this paper investigates the effects of aid on Africa's economic growth from the perspective of political stability. We find that international aid can promote economic growth in Africa, but the effectiveness of aid depends on countries’ political stability. Further, the intensity of aid affects its effectiveness. When the aid–GDP ratio is between 0 and 69 per cent, aid can promote economic growth in recipient countries, and when this ratio is 27 per cent, the marginal impact of aid on economic growth is maximized. The findings of this paper suggest that providers of aid should avoid providing a substantial amount of aid to countries at risk of political unrest, and they must determine the optimal scale of aid based on the economic development of recipient countries in order to enable aid to generate better results. Recipient countries should maintain social and political stability and ensure that they do not develop an excessive dependence on aid so that they can achieve the self‐sustainable development of their own economies. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
6. Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests.
- Author
-
Egbetunde, Tajudeen and Akinlo, Anthony Enisan
- Subjects
FINANCIAL globalization ,ECONOMIC development ,COINTEGRATION ,MULTIVARIATE analysis - Abstract
This paper examines the long-run relationship between financial globalization and economic growth in sub-Saharan Africa using panel unit root tests, panel cointegration tests and panel multivariate ECM. The study finds that the variables are stationary at first difference - I(1). Also, the results reveal that all the variables are cointegrated, that is, they are related in the long run. The results of the ECT test within the framework of panel multivariate ECM confirm the cointegration tests. The paper concludes that there is a long-run relationship between financial globalization and economic growth in sub-Saharan Africa. The paper argues that sub-Saharan African economies will benefit from the era of financial globalization in the long run in as much as the governments promote and encourage sound macroeconomic policies and strong institutions. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
7. Estimating the Macroeconomic Effects of Monetary Unions: The Case of Trade and Output.
- Author
-
Anyanwu, John C.
- Subjects
MONETARY unions ,INTERNATIONAL economic integration ,ECONOMICS ,ECONOMIC development ,ECONOMIC conditions in Africa - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2003
- Full Text
- View/download PDF
8. Impact of financial development on domestic investment: Evidence from West African countries.
- Author
-
Keho, Yaya
- Subjects
ECONOMIC development ,ECONOMIC expansion ,REMITTANCES ,COUNTRIES ,PRIVATE sector ,PER capita - Abstract
This paper investigates the effect of financial development on domestic investment in West African countries. The study uses data from 1985 to 2019 and employs the pooled mean group technique. The main finding of the study is that financial development has a positive effect on domestic investment in the long run but an insignificant effect in the short run. Furthermore, remittances, real GDP per capita and trade openness increase investment rate. The results of causality tests support the view that investment is a channel through which financial development stimulates economic growth. Therefore, it is reasonable for the selected countries to formulate policies that promote domestic credit to the private sector in order to ease liquidity constraints and increase investment and economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
9. Short‐ and long‐run impacts of gasoline price and macroeconomic factors on road traffic safety in Nigeria.
- Author
-
Akinyemi, Yingigba C.
- Subjects
GAS prices ,TRAFFIC safety ,ROAD safety measures ,PUBLIC transit ,DEVELOPED countries - Abstract
This paper examined the short‐ and long‐run impacts of gasoline price, macroeconomic factors and road length on road traffic crashes, injuries and fatalities in Nigeria. Annual data from 1995 to 2019 and autoregressive distributed lag approach were employed. Results suggest that gasoline price, per capita income, road length and population density significantly influence road safety outcomes. Gasoline price has a positive short‐run impact on crashes, injuries, and fatalities contrary to findings in developed countries. Road crashes tend to decrease when income increases in the short term. Population density leads to improvement in road safety outcomes while road length exacerbates it. Government's policy on gasoline price increase could worsen road safety outcomes unless it is accompanied by improvement in road infrastructure, safe public transport and economic growth, [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
10. Accelerating Agro-Manufacturing to Feed Africa.
- Author
-
Anyanwu, John C. and Kponnou, Mawuko
- Subjects
BEVERAGES ,TOBACCO ,ECONOMIC development ,REGRESSION analysis ,FOREST products - Abstract
This paper documents stylized facts on agro-manufacturing, especially the food, beverages and tobacco (FBT) manufacturing value added (MVA) in Africa and empirically analyzes its determinants using data for a panel of African countries over the period 1990-2011. We also estimate for the sample of sub-Saharan Africa and North Africa during the same period. The analysis is extended to food and beverages (FB) only MVA. The analyses point to large differences in sector shares both across countries at different levels of economic development. Using a two-stage least squares (2SLS) regression method, it finds that a large proportion of the cross-country variation in FBT MVA and FB MVA can be accounted for by country characteristics, policy and institutional variables. In particular, the paper finds that an inverted U-shaped relationship with real per capita GDP for FBT MVA and FB MVA, except in FB MVA in North Africa where the reverse is true. Key positive drivers of FBT MVA for the entire continent include government consumption expenditure, household consumption expenditure, social globalization, dependence on oil, minerals, natural gas, coal and forest resources, arable land, and renewable electricity output. Major negative drivers are trade openness and population size. The policy implications and lessons of these results for increasing FBT and FB MVA and feeding Africa are discussed. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
11. Commodity Dependence and Human Development.
- Author
-
Nkurunziza, Janvier D., Tsowou, Komi, and Cazzaniga, Sofia
- Subjects
HUMAN Development Index ,COMMERCIAL products ,ECONOMIC development ,MACROECONOMICS ,POLITICAL stability - Abstract
This paper explores the relationship between commodity dependence and human development measured by the human development index (HDI). Commodity dependence negatively affects human development through several channels, including the negative secular terms of trade affecting commodity-dependent developing countries (CDDCs), slow economic growth, high macroeconomic instability, and political instability. The paper finds that although the effect of commodity dependence on human development is negative, on average, this relationship is complex. It changes with the level of dependence as well as the type of commodity a country depends on. This negative effect is strongest in countries where commodities account for more than 60 percent of total merchandise exports. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
12. Financial Innovations and Money Velocity in Uganda.
- Author
-
Nampewo, Dorothy and Opolot, Jacob
- Subjects
FINANCIAL services industry ,UGANDAN economy ,MONEY ,PORTFOLIO diversification ,TECHNOLOGICAL innovations ,ECONOMIC development - Abstract
This paper investigates the impact of financial innovations on the stability of money velocity. The paper contributes to the existing literature in three ways; first, we develop a simple analytical framework for money velocity taking into account the effect of financial innovations. Second, we test the model on Ugandan time series data using the ARDL bounds testing approach. Third, we check for the stability of the long-run money velocity function. Results show significant negative and positive effects of financial innovations on the money velocity in the short and long run, respectively. In addition, the long-run money velocity equation is stable despite the financial innovations that have evolved over time. Furthermore, other macroeconomic determinants of money velocity, including real income, the 91-day treasury bill rates, inflation expectations and the exchange rate exhibited a significant and positive long-run relationship with money velocity except for real income. These results suggest that financial innovations have not altered the long-run stability of money velocity in Uganda. Thus, given the importance of financial innovations in enhancing the access to financial services, we recommend that more technological advances and diversification of financial products should be enhanced so as to improve financial sector development and overall economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
13. What Drives Structural Transformation in Sub-Saharan Africa?
- Author
-
Mensah, Justice Tei, Adu, George, Amoah, Anthony, Abrokwa, Kennedy Kwabena, and Adu, Joseph
- Subjects
RESOURCE allocation ,ECONOMIC development ,URBAN planning ,ECONOMIC reform ,URBAN growth ,ECONOMIC policy - Abstract
This paper provides an empirical assessment of the driving forces behind structural transformation in sub-Saharan Africa, and to further access the role of structural reforms in accounting for cross-country differences in transformation. Evidence from this paper reveals that country specific fundamentals, institutions and policy reforms as well as governance and fiscal reforms are the key drivers of transformation in the region. A set of policy strategies is proposed to engender sustained transformation and development in the region. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
14. Institutional Foundations for Shared Growth in Sub-Saharan Africa.
- Author
-
Nissanke, Machiko and Sindzingre, Alice
- Subjects
ECONOMIC development ,ECONOMIC policy ,INCOME inequality ,DISTRIBUTION (Economic theory) ,HUMAN capital - Abstract
The paper examines the dynamically evolving triangular relationships between institutions, growth and inequality in the process of economic development, in order to deepen the understanding of institutional conditions for pro-poor growth and shared growth. In this context, the paper discusses the institutional conditions found in sub-Saharan Africa, which may have produced the growth pattern that is unequal and against the poor. The analysis shows that sub-Saharan African countries require transforming institutions for embarking upon and sustaining a development path which would ensure shared growth in years to come. The paper first evaluates the growth-inequality-poverty nexus, as found in the recent literature, which increasingly challenges the trade-off between growth and equity, as postulated in the traditional theories. Various definitions of pro-poor growth are discussed and a sharper definition of the concept of ‘shared’ growth is provided. Definitions of institutions are then examined, as well as the triangular inter-relationships between institutions, inequality and poverty. The paper finally analyses specific institutional conditions found in sub-Saharan Africa that prevent economies from emerging out of low-equilibrium poverty traps that are characterized by low economic growth, unequal distribution of income and wealth as well as unequal access to resources and power. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
15. Technology Transfer and National Efficiency: Does Absorptive Capacity Matter?
- Author
-
Danquah, Michael, Ouattara, Bazoumana, and Quartey, Peter
- Subjects
TECHNOLOGY transfer ,ABSORPTIVE capacity (Economics) ,ECONOMIC development ,EMPIRICAL research - Abstract
Abstract: This paper explores the moderating effects of absorptive capacity on the role of technology transfer in explaining cross‐country differences in national efficiency. We used data from 18 sub‐Saharan Africa countries over the period 1970–2010 and adopted a stochastic frontier approach. The empirical results show that the coefficients of the interaction terms for measures of technology transfer (trade and machinery imports) and absorptive capacity (relative R&D) are negative and statistically significant. This suggests that absorptive capacity positively influences the degree to which technology transfer affects the efficiency of countries in sub‐Saharan Africa. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
16. Insurance and Economic Growth Nexus in Nigeria: Asymmetric Non-Linear Relationship under Heterogeneous Agents.
- Author
-
Olayungbo, D.O.
- Subjects
ECONOMIC development ,GROSS domestic product ,CAPITAL market ,SUPPLY & demand - Abstract
This paper examines the asymmetric non-linear relationship between insurance and economic growth in Nigeria between 1976 and 2010. Prior studies have examined the direction of causality between insurance and economic growth with mixed conclusions in the insurance-growth literature. Moreover, the majority of these studies assumed symmetric causal relationships by concentrating mainly on testing the supply-leading and demand-following hypothesis. This paper, therefore, contributes to the literature by examining the asymmetric causality test between insurance and economic growth in Nigeria. After the cointegration, the asymmetry causality and the asymmetric impulse responses show a robust significant relationship between high gross domestic product (GDP) and low insurance in the long run. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
17. The nexus between tourism, financial development, and economic growth: Evidence from African countries.
- Author
-
Ehigiamusoe, Kizito Uyi
- Subjects
ECONOMIC expansion ,INTERNATIONAL tourism ,GRANGER causality test ,ECONOMIC development ,TOURISM - Abstract
This paper examines the nexus between tourism, financial development and economic growth in 31 African countries using the Dumitrescu–Hurlin Granger non‐causality test that accounts for heterogeneity and cross‐sectional dependence. It also employs the Granger causality test in the frequency domain that distinguishes between temporary and permanent causality for the country‐specific analysis. It shows a cointegration relationship between tourism, financial development and economic growth. It reveals a joint long‐run causality from tourism and financial development to economic growth, and a joint short‐run and long‐run causality from tourism and economic growth to financial development, albeit the joint causality from financial development and economic growth to tourism is tenuous. The individual causality shows a bidirectional causality between tourism and economic growth, between financial development and economic growth, and between tourism and financial development. The country‐specific analysis reveals that tourism is a significant predictor of financial development and economic growth at high frequency rather than at low frequency in most countries. Therefore, African countries should prioritize the policies and programs that can facilitate the development of the tourism and financial sectors in their quest to accelerate economic growth and development. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
18. Africa's Recent Economic Growth: What Are the Contributing Factors?
- Author
-
Mijiyawa, Abdoul' Ganiou
- Subjects
ECONOMIC conditions in Africa, 1960- ,ECONOMIC development ,ECONOMIC indicators ,INVESTMENTS ,PRIVATE sector ,EXPORTS ,AGRICULTURE ,GROSS domestic product ,FINANCE - Abstract
This paper analyses the characteristics of the recent African economic growth. The data reveal that during the period 1995-2005, Africa caught up with East Asia in terms of economic growth and investment. However, East Asia has improved its advantage on Africa in terms of GDP per capita and growth fundamentals. African economic growth rate was 2.2 percentage points higher during the period 1995-2005 compared to the period 1975-94. However, between the two periods, only primary education, exports and urbanization have significantly increased in Africa. The other growth determinants have either slightly deteriorated or remained stagnant. The results of growth regressions over the period 1995-2005 indicate that investment, private sector access to credit, government effectiveness, exports and the share of agriculture value added in GDP are significantly linked with economic growth. Thus, compared to the statistical analysis, growth regressions suggest that most of the variables which have significantly contributed to growth recovery are not those variables which have positively evolved in Africa. The good news is that African economies have grown recently without changing many growth fundamentals. The bad news is that the recent African growth recovery may not be sustainable if efforts are not focused on right growth fundamentals. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
19. Trade Openness and Inflation Performance: A Panel Data Analysis in the Context of African Countries.
- Author
-
Yiheyis, Zelealem
- Subjects
FREE trade ,PRICE inflation ,PANEL analysis ,DYNAMIC models ,FOOD supply ,ECONOMIC development - Abstract
This paper tests the hypothesis of a negative relation between openness and inflation in the context of African countries. A dynamic model of inflation in which openness enters alternately as an endogenous and exogenous variable is estimated with different panel data estimation procedures. The paper finds no robust evidence that openness served as a mechanism to restrain inflation in the region. On the contrary, the results suggest that increased openness, treated as an endogenous variable, is associated with higher inflation on holding constant such factors as food supply constraint and level of economic development which are found significant co-determinants. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
20. Institutional Environment and Microfinance Performance in Sub-Saharan Africa.
- Author
-
Chikalipah, Sydney
- Subjects
MICROFINANCE ,SMALL business finance ,ECONOMIC development ,GENERALIZED method of moments ,ECONOMIC conditions in Africa, 1960- ,ECONOMIC conditions in Africa - Abstract
This paper explores the impact of the institutional environment on the performance of 291 microfinance institutions in 34 sub-Saharan Africa countries during the period 2006 to 2014, by analysing the unbalanced panel data using fixed effects and generalized method of moments (GMM) estimation techniques. The panel regression results demonstrate strong evidence that a strong institutional environment has a positive effect on the performance of microfinance institutions in sub-Saharan Africa. More specifically, the findings reveal a positive and significant relationship between business freedom and microfinance performance in sub-Saharan Africa. These vital findings not only provide useful information to policy makers and key microfinance industry players, but also highlight the impact that institutional qualities have on microfinance performance. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
21. Foreign Direct Investment, Democracy and Economic Growth in Southern Africa.
- Author
-
Malikane, Christopher and Chitambara, Prosper
- Subjects
FOREIGN investments ,DEMOCRACY ,ECONOMIC development ,INSTITUTIONAL investments ,LAW ,ECONOMIC history - Abstract
This paper investigates the link between foreign direct investment (FDI), democracy and economic growth on a panel of eight Southern African countries for 1980-2014 using the system generalized method-of-moment (GMM) estimator. We find that FDI has a direct positive effect on economic growth and that strong democratic institutions are a significant driver of economic growth in the sample countries. The impact of FDI on economic growth is dependent on the level of democracy in the host countries. This implies that countries with strong democratic institutions are better able to absorb the positive spillovers from FDI. In policy terms, Southern African countries should sustain the institutional reform policy agenda already in place in order to benefit more from the significant inflows of FDI. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
22. Analysis of Gender Equality in Youth Employment in Africa.
- Author
-
Anyanwu, John C.
- Subjects
GENDER inequality ,YOUTH employment ,EMPLOYMENT ,UNITED States gross domestic product ,ECONOMIC development ,URBANIZATION - Abstract
This paper empirically studies the key drivers of gender equality in youth employment over the period, 1991 and 2011. Using the pooled OLS method with year, sub-regional, and oil fixed-effects, our results suggest that for Africa as a whole and Sub-Saharan Africa (SSA), quadratic levels of real per capita GDP, gender equality in primary education, trade openness, FDI inflows, political globalization, economic growth, urbanization, female population, and being a net oil-exporting country are significantly positively associated with gender equality in youth employment. The level of real GDP per capita, equality in secondary education, gross domestic investment, access to telephone, youth unemployment, and Muslim faith tend to lower it. Government consumption expenditure also lowers it in SSA. However, North Africa is different: the level of real GDP per capita, gender equality in secondary education, and government consumption expenditure tend to increase gender equality in youth employment, while being an oil-exporting country and youth unemployment tend to lower it. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
23. External Debt and Growth Dynamics in Nigeria.
- Author
-
Adamu, Ibrahim Mohammed and Rasiah, Rajah
- Subjects
ECONOMIC development ,EXTERNAL debts ,GROWTH curves (Statistics) ,REPAYMENTS ,THRESHOLD (Perception) - Abstract
This paper investigates the dynamic effects of external debt on economic growth in Nigeria from 1970 through 2013. We begin by constructing an external debt sustainability index using principal component analysis to capture the overall effects of external debt indicators on economic growth. The empirical analysis is based on the ARDL bound test. The results show a long-run cointegration relationship between the variables. While external debt exerts an adverse effect of −0.069 per cent on growth in the long run, the external debt sustainability index shows a positive effect of 0.072 per cent and 0.024 per cent on growth in the long and short run. The findings suggest the government should reduce its expenditure and mobilize revenue through domestic sources to invest in projects with a high rate of return to enable debt repayment and stimulate growth. To maintain debt ratios within a manageable threshold so as to avoid being debt trapped, foreign loans should only be contracted on concessional terms. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
24. Impacts of the Economic Crisis on Human Development and the MDGs in Africa.
- Author
-
Conceição, Pedro, Mukherjee, Shantanu, and Nayyar, Shivani
- Subjects
FINANCIAL crises ,ECONOMIC impact ,ECONOMIC development ,ECONOMIC indicators ,ECONOMIC policy ,TRENDS ,ECONOMIC models - Abstract
The economic crisis has had significant short-term effects in most countries around the world, including those in sub-Saharan Africa. Many of the economies are now expected to begin recovering, although the recovery is anticipated to be protracted, uneven across indicators and countries, and may be fragile. Despite the recovery, will the crisis have long-term consequences for human development and Millennium Development Goal (MDG) achievements in Africa? If so, what are the mechanisms through which such impacts could take place, and what is the role for policy? This paper seeks to address these questions by examining the evidence from similar episodes in the past, and by using a simple framework to assess the long-term impact on human development including trends towards the MDGs. Using growth projections to 2014 for the countries in the region, and a range of observed trends, it models possible impacts on the MDGs, and demonstrates how the crisis could lead to real slow-downs or reversals in the rate of progress. Based on these results the paper suggests that a series of active policy interventions are needed both to accelerate progress towards the MDGs and to build resilience for the future. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
25. Education and Economic Development in Africa.
- Author
-
Gyimah-Brempong, Kwabena
- Subjects
ECONOMIC development ,EDUCATION policy ,EDUCATIONAL attainment ,POSTSECONDARY education ,GROWTH rate ,PRIMARY education ,SECONDARY education - Abstract
This paper uses panel data from two new data sets on educational attainment to investigate the effects of education on several development outcomes in African countries. I find that education has a positive and significant impact on these development outcomes. I also find that different levels of education affect development outcomes differently; for some development outcomes, primary and secondary education may be more important than tertiary education, while for some development outcomes, such as income growth rate, tertiary education may be more important. The results of this paper have implications for development policy in African countries. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
26. Food Security and Human Development in Africa: Strategic Considerations and Directions for Further Research.
- Author
-
Conceição, Pedro, Fuentes-Nieva, Ricardo, Horn-Phathanothai, Leo, and Ngororano, Anthony
- Subjects
FOOD security ,FOOD supply ,ECONOMIC development ,PROGRESS ,PUBLIC health - Abstract
This paper argues that food security and human development are intricately linked, and that meaningful progress on the one cannot be sustained without concomitant progress on the other. The paper surveys recent research on various aspects of the linkages between food security and human development and highlights areas where further research would enrich our understanding of the complex interactions and synergies between the two. It concludes by calling for a more systematic investigation of the human development-food security nexus with a view to generating new and practical insights for improving food security and advancing human development in sub-Saharan Africa. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
27. Building Complementarities in Africa between Different Development Cooperation Modalities of Traditional Development Partners and China.
- Author
-
Schiere, Richard
- Subjects
INTERNATIONAL trade ,INVESTMENTS ,ECONOMIC development ,GLOBAL Financial Crisis, 2008-2009 ,ECONOMIC recovery ,GROWTH rate - Abstract
China's relationship with Africa has grown exponentially over the last decade with US$95 billion in bilateral trade in 2008 and US$5.4 billion of Chinese investment in Africa for the same year. The growth of Sino-African relations also has an impact on the role of traditional development partners in Africa in particular in the aftermath of the 2008 financial crisis, which has already led some traditional development partners to reduce their aid budgets and subsequently their Official Development Assistance (ODA) flows to Africa. The objective of this paper is to analyse different development cooperation modalities in Africa of traditional development partners and China. This requires identifying trends in aid, debt relief, general budget support, trade, preferential trade access, and investment flows of both traditional development partners and China. The paper advocates that complementarities can be built between these development modalities on a national, regional and global level. This would enhance development effectiveness, increase efficiency and create win-win situations which would be beneficial to African countries, China and traditional development partners. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
28. Unlocking Productive Entrepreneurship in Africa's Least Developed Countries.
- Author
-
Brixiova, Zuzana
- Subjects
POVERTY ,DEVELOPING countries ,ENTREPRENEURSHIP ,ECONOMIC development ,JOB creation ,SMALL business - Abstract
In Africa's least developed countries (LDCs), escape from poverty and convergence to living standards of more advanced economies depends critically on structural transformation and the emergence of productive entrepreneurship that would accelerate growth and job creation. So far, however, subsistence agriculture has been the main source of employment in these countries, while a dynamic private sector in industry or high value-added services has remained elusive. Utilizing the flow approach to labor markets, this paper complements the empirical literature and numerous surveys on small and medium enterprise (SME) constraints and develops a theoretical framework that examines the main obstacles to entrepreneurship in Africa's LDCs. The paper posits that given the persistent frictions in product and labor markets as well as skill shortages that characterize these economies, development of productive entrepreneurship cannot be left to markets alone. The policy analysis suggests that the state has an important role to play. Well-targeted government interventions including training of potential entrepreneurs and workers can help to establish more modern and highly productive SME clusters that Africa's LDCs need. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
29. Développement financier, croissance économique et productivité globale des facteurs en Afrique Sub-saharienne*.
- Author
-
Aka, Brou Emmanuel
- Subjects
FINANCE ,ECONOMIC development ,TECHNOLOGY & economics ,CREATIVE ability in technology - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2010
- Full Text
- View/download PDF
30. La vulnérabilitééconomique, défi persistant à la croissance africaine.
- Author
-
Guillaumont, Patrick
- Subjects
STAGNATION (Economics) ,ECONOMIC development ,INTERNATIONAL economic assistance ,INTERNATIONAL finance - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2007
- Full Text
- View/download PDF
31. External Shocks and the HIPC Initiative: Impacts on Growth and Poverty in Africa.
- Author
-
Hussain, M. Nureldin and Gunter, Bernhard G.
- Subjects
MACROECONOMICS ,DEBT relief ,POVERTY ,ECONOMIC development - Abstract
The paper uses a simple macroeconomic model to estimate the impact of debt relief and terms of trade shocks on growth and poverty in African countries. For the 18 heavily indebted poor countries (HIPCs) that reached the enhanced HIPC decision point by end-December 2000, the basic quantitative findings are that HIPC debt relief has boosted economic growth in these countries by an average of 2.9 percent per annum and that the computed result of this increase in growth is a reduction in poverty by an average of 2.2 percent per annum. However, the paper shows that recent deteriorations in the terms of trade have counter-balanced these positive effects by lowering growth by an average of 2.0 percent per annum and by increasing poverty by an average of 1.3 percent per annum. Clearly, much of the positive impact emanating from the HIPC Initiative has been eroded due to recent deteriorations in the terms of trade. The paper also estimates the net effect on growth and poverty of the recently agreed 100 percent multilateral debt relief. This is predicted to boost economic growth by an average of 5 percent per annum and reduce poverty by about 5.3 percent per annum for the group of all African HIPCs. The paper concludes that 100 percent debt relief is crucial for Africa, but that more aid and policies need to be focused on a long-term development strategy that fosters the necessary structural transformation. [ABSTRACT FROM AUTHOR]
- Published
- 2005
- Full Text
- View/download PDF
32. Introduction.
- Author
-
Ajayi, Ibi
- Subjects
CONFERENCES & conventions ,FINANCIAL crises -- Congresses ,ECONOMIC development ,FINANCIAL bailouts - Abstract
Information on the topic "Rethinking African Economic Policy in Light of the Global Economic and financial Crisis" discussed at a meeting held December 6-8, 2009 in Nairobi, Kenya. As stated, the objective of the meeting was to respond to the threats of the financial crises on Africa's growth and development. Information of several sets of papers discusses at the meeting is also discussed.
- Published
- 2011
- Full Text
- View/download PDF
33. Economic Union, Finance and Growth: A Prognosis in West Africa.
- Author
-
Ehigiamusoe, Kizito Uyi and Lean, Hooi Hooi
- Subjects
INTERNATIONAL economic integration ,ECONOMIC development ,FINANCE ,ECONOMIC impact ,PROGNOSIS - Abstract
This paper compares the impact of financial development on economic growth in the Union Économique et Monetaire Ouest Africaine (UEMOA) and non‐UEMOA countries. It also examines the finance‐growth nexus before and after the formation of UEMOA, as well as the indirect effect of economic union on economic growth through the financial sector. The study reveals a significant difference in the finance‐growth nexus between UEMOA and non‐UEMOA countries. Specifically, financial development has a robust positive impact on growth in UEMOA countries, while the impact is tenuous in non‐UEMOA countries. However, we find no remarkable difference in the finance‐growth nexus before and after the formation of UEMOA. We also reveal that economic union has no robust indirect effect on economic growth via the financial sector. The economic implication is that UEMOA could have economic benefits, but financial development is not a channel through which it influences growth. Therefore, it is necessary to reposition the union so that it can enhance the impact of finance on growth. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
34. Financial Development, Foreign Banks and Economic Growth in Africa.
- Author
-
El Menyari, Younesse
- Subjects
FOREIGN banking industry ,ECONOMIC development ,MARKET prices ,ECONOMIC policy ,DEVELOPMENT banks - Abstract
This study aims to examine and analyze the impact of financial development and foreign bank penetration on African economies. An empirical study for the period 1995–2015 is conducted using the system GMM estimator. Our empirical results indicate that foreign bank entry has a positive and significant impact on economic growth in the countries of North and Southern Africa, while in the other two regions considered in this study (West and Central Africa, East Africa) the impact is negative and rarely significant. In addition, our results show that the development of financial markets has a positive and significant effect on economic growth only in the Southern African region. The paper concludes that policymakers should focus on long‐term policies to strengthen the financial sector to truly meet the needs of African people. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
35. What Drives Foreign Direct Investments into West Africa? An Empirical Investigation.
- Author
-
Anyanwu, John C. and Yameogo, Nadege D.
- Subjects
FOREIGN investments ,GROSS domestic product ,ECONOMIC development ,LIFE expectancy ,ECONOMIC history - Abstract
This paper analyzed drivers of foreign direct investments (FDI) to West Africa using a panel dataset from 1970 to 2010. OLS and GMM techniques are used for the estimations. The main results indicate that there is a U-shaped relationship between economic development and FDI inflows to West Africa. In summary: (i) The quadratic element of real per capita GDP, domestic investment, trade openness, first year lag of FDI, natural resources (oil and metals) endowment and exports, and monetary integration have positive and significant effect on FDI inflows to West Africa; and (ii) there is a negative relationship between FDI inflows to the sub-region and loan component of ODA, economic growth, level of economic development (real GDP per capita), life expectancy, and domestic credit to the private sector. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
36. Software Piracy and Scientific Publications: Knowledge Economy Evidence from Africa.
- Author
-
Asongu, Simplice A.
- Subjects
SOFTWARE piracy ,INFORMATION economy ,INTELLECTUAL property ,SCIENCE publishing ,SCIENTIFIC software ,ECONOMIC development - Abstract
This paper is an extension of the debate on the nexus between the strength of intellectual property rights (IPRs) and prospects for knowledge economy. It assesses the relationships between software piracy and scientific publications in African countries for which data is available. The findings, which reveal a positive nexus, are broadly consistent with the school of thought postulating that the East Asian miracle has been largely due to weaker IPRs regimes at the early stages of development. As a policy implication, less stringent IPRs regimes on scientific-related software (at least in the short run) will substantially boost contributions to and dissemination of knowledge through scientific and technical publications in Africa. IPRs laws (treaties) on scientific-oriented software should be strengthened in tandem with progress in: (a) scientific and technical publications; and (b) knowledge spillovers essential for economic growth and development. More policy implications are discussed. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
37. The Ten Commandments of Applied Regional Integration Analysis: The African Case.
- Author
-
Charaf‐Eddine, Naym and Strauss, Ilan
- Subjects
AFRICAN economic integration ,INTERNATIONAL economic integration ,ECONOMIC development ,ECONOMIC policy - Abstract
This paper offers ten guidelines for researchers to improve their analysis of regional integration and their approach to regional integration. By way of analysis, regional integration statistics are often misunderstood or poorly constructed. In one way or another this leads to an oversimplification of their meaning. With respect to the approach taken by policymakers to regional integration, the goals of Africa's regional integration have not been seriously interrogated; nor have the necessary national and regional preconditions for achieving even a minimal form of regional integration that is sustainable. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
38. Inequality, Economic Growth and Poverty in the Middle East and North Africa (MENA).
- Author
-
Ncube, Mthuli, Anyanwu, John C., and Hausken, Kjell
- Subjects
ECONOMIC development ,INCOME inequality ,POVERTY ,SOCIAL development ,INFRASTRUCTURE (Economics) - Abstract
In this paper, we have presented the patterns of inequality, growth and income inequality in the MENA region. Using a cross-sectional time series data of MENA countries for the period 1985-2009, we have also investigated the effect of income inequality on key societal development, namely economic growth and poverty, in the region. Our empirical results show that income inequality reduces economic growth and increases poverty in the region. Other factors having significant negative effect on economic growth in the MENA region include previous growth rate, exchange rate, government consumption expenditure or government burden, initial per capita GDP, inflation and primary education. On the other hand, variables positively and significantly associated with MENA's economic growth are domestic investment rate, urbanization, infrastructure development, and mineral rent as a percentage of GDP. In addition, apart from income inequality, other factors increasing poverty in the region are foreign direct investment, population growth, inflation rate, and the attainment of only primary education. Poverty-reducing variables in the region include domestic investment, trade openness, exchange rate, income per capita, and oil rents as a percentage of GDP. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
39. Technological Innovations in the Control of International Exchange: Lessons for Africa.
- Author
-
Ngameni, Joseph Pasky and Khan, Muhammad Arshad
- Subjects
ECONOMIC development ,TECHNOLOGICAL innovations ,INTERNATIONAL trade ,GROSS domestic product ,FOREIGN investments - Abstract
Empirical studies on international trade highlight the role of innovation on international exchange but do not capture the effect of technological innovation when unobservable common factors (UCFs) are considered. This paper examines the long‐run relationship between technological innovation and international exchange using panel data for eight African countries over the period 1981–2013. The non‐stationarity and cointegration between technological innovation, international exchange, public investment, real gross domestic income and foreign direct investment were examined, controlling for cross‐sectional dependence and heterogeneity between countries. The results suggest that technological innovation in Africa remains low after controlling for UCFs, while public investment, real gross domestic product and foreign direct investment have significant impact on international exchange. Moreover, the results from the homogeneous and heterogeneous estimates, with and without UCFs, show that ignoring UCFs is likely to bias the coefficients. These findings reveal that African countries should invest more in public infrastructures and research and development to upgrade their capability To play an active role in the international market. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
40. Testing the Validity of the Simultaneous Openness Hypothesis in Nigeria (1990–2015).
- Author
-
Ajayi, Michael Adebayo and Aluko, Olufemi Adewale
- Subjects
GROSS domestic product ,STOCK exchanges ,BANKING industry ,ECONOMIC development ,INVESTORS - Abstract
Since the seminal paper by Rajan and Zingales in 2003, a plethora of studies have been motivated to establish whether the simultaneous opening of trade and capital borders leads to financial sector development. We test whether the simultaneous openness hypothesis is valid for Nigeria, with a focus on the banking sector and stock market. Using annual data from 1990 to 2015 and an instrumental variable regression estimation technique, we show that the simultaneous increase of trade and financial openness limits banking sector and stock market development. Thus, there is no empirical evidence to validate the simultaneous openness hypothesis in Nigeria. It also shows that trade openness is more beneficial for banking sector and stock market development in Nigeria than financial openness. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
41. The Impact of Informal Financial Groups on Socio‐economic Development in Tanzania.
- Author
-
Kinyondo, Abel and Kagaruki, Gibson
- Subjects
ECONOMIC development ,BANKING industry ,FINANCIAL performance ,MEDICAL care ,POVERTY - Abstract
Financial deepening is universally considered to be one of the vital means to trigger inclusive growth, in economies the world over, Tanzania being no exception. However, the lack of traditional collateral among the poor has made it virtually impossible for them to have access to financial services particularly in the formal financial institutions. It is in this context that the informal financial groups (IFGs) are so crucial in filling the financial inclusiveness gap among the poor in Tanzania. It is thus crucial that the efficacy of IFGs in improving the well‐being of the poor is assessed. It is in this context that the present study employs a quasi‐experiment mixed methodology to answer research questions. Findings have categorically shown that membership to IFGs has a positive and significant impact on various socio‐economic variables. Efforts to intensify education and training activities in IFGs, and their access to loans are some of the key recommendations that this paper suggests. It is hoped that the newly promulgated 2017 National Microfinance Policy shall be implemented to that effect. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
42. Internet Adoption and Financial Development in Sub‐Saharan Africa: Evidence from Nigeria and Kenya.
- Author
-
Edo, Samson, Okodua, Henry, and Odebiyi, John
- Subjects
ECONOMIC development ,TECHNOLOGICAL innovations ,FINANCIAL performance ,CORPORATE profits ,INTERNET of things - Abstract
Financial development is influenced by the dynamics of multiple factors which have remained insufficiently explored up to date. In view of this, an attempt is made in this paper to investigate the impact of internet adoption on financial development in sub‐Saharan Africa, using Nigeria and Kenya as case studies. The dynamic ordinary least squares and vector error correction mechanism methods were employed in the study which revealed that the internet, complemented by financial openness, exerted a significant positive impact on financial development in the period 2000–16. The null hypothesis which states that the internet does not encourage financial development is therefore rejected. It follows that the level of financial development in both countries, and indeed most countries in sub‐Saharan Africa, could be enhanced by adopting appropriate policies that encourage more inclusive use of the internet. The policy recommendations of this study therefore include (i) relaxing the stringent requirements for licensing internet operators in order to make more services available for financial transactions, (ii) integrating internet technology into the national infrastructure framework in order to sustain its application, (iii) fostering local skills and expertise that will be maintaining internet infrastructure and (iv) providing a legal framework that protects personal information and ensures responsible usage of internet. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
43. Domestic Debt, Private Sector Credit and Economic Growth in Sub- Saharan Africa.
- Author
-
Mbate, Michael
- Subjects
DEBT management ,PRIVATE sector ,ECONOMIC development ,CREDIT ,GROSS domestic product ,ELASTICITY (Economics) - Abstract
Exercising fiscal prudence in periods of deteriorating fiscal balance requires sound policies which promote debt sustainability. This paper estimates a dynamic cross-country model and investigates the impact of domestic debt on economic growth and private sector credit in a panel of 21 sub-Saharan African (SSA) countries over the period 1985 to 2010. System-GMM results reveal a non-linear relationship between domestic debt and economic growth, characterized by a maximum turning point of 11.4 per cent of GDP. In addition, domestic debt is found to crowd out private sector credit by an elasticity of negative 0.3 per cent of GDP, deterring capital accumulation and private sector growth. These findings underscore the need for effective debt management strategies which incorporate debt ceiling to limit domestic indebtedness, as well as the design of financial policies which enhance credit availability, promote fiscal discipline and deepen domestic debt markets on the continent. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
44. African Emerging Equity Markets Re-examined: Testing the Weak Form Efficiency Theory.
- Author
-
Nwosu, Emmanuel O., Orji, Anthony, and Anagwu, Ogomegbunam
- Subjects
EMERGING markets ,ECONOMIC efficiency ,STOCK exchanges ,RANDOM walks ,ECONOMIC development ,INVESTMENTS ,RATE of return - Abstract
This paper examines the weak form of market efficiency of five major stock markets; four African equity markets and one developed market. The weekly market index returns of the EGX 30, NSE 20, NSE All Share Index, FTSE-JSE All Share Index and the S&P 500 Index were analysed for the period 1998-2008. To determine if the stylized fact of stock returns in African markets violate the random walk hypothesis, numerous econometric and statistical techniques are employed. These methods include the autocorrelation test, the unit test, linear and non-linear models. The results indicate that the African markets do not behave in a manner consistent with the weak form of market efficiency. These results provide a contrast between the emerging African markets and the developed markets. It suggests that African emerging markets have higher average returns and volatility than developed markets. We argue that if the market could be made less volatile, it has the potential to attract more investment because of its attractive returns. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
45. Determinants of Unemployment in Ghana.
- Author
-
Baah‐Boateng, William
- Subjects
UNEMPLOYMENT ,ORGANIZATIONAL performance ,REGRESSION analysis ,ECONOMIC development ,ECONOMIC impact ,EMPIRICAL research - Abstract
Unemployment is often cited as a measure of the low employment content of Ghana's strong growth performance over the past three decades. The paper presents evidence to suggest that employment growth in Ghana continues to trail economic growth due to high growth of low employment generating sectors against sluggish growth of high labour absorption sectors. A cross-sectional estimation of a probit regression model also indicates a strong effect of demand factors on unemployment, indicating a weak employment generating impact of economic growth. Empirical analysis also confirms higher vulnerability of youth and urban dwellers to unemployment with education and gender explaining unemployment in some instances. Reservation wage is also observed to have an increasing effect of unemployment. The paper recommends policies that promote investment in agriculture and manufacturing which is associated with higher employment elasticity of output. High incidence of unemployment among the youth and secondary school leavers in the most recent period requires targeted intervention including support for entrepreneurial training and start-up capital to attract young school leavers to become 'creators' rather than 'seekers' of jobs. A downward review of expectations on the part of jobseekers in terms of their reservation wage could help reduce unemployment in Ghana. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
46. Introduction.
- Author
-
Mlambo, Kupukile and Murinde, Victor
- Subjects
FINANCIAL services industry ,FINANCIAL liberalization ,FINANCIAL instruments ,COMMERCIAL treaties ,INVESTMENTS ,ECONOMIC development - Published
- 2011
- Full Text
- View/download PDF
47. Introduction: China's Increasing Engagement in Africa: Towards Stronger Trade, Investment and Development Cooperation.
- Author
-
Schiere, Richard and Walkenhorst, Peter
- Subjects
INTERNATIONAL trade ,INVESTMENTS ,ECONOMIC development ,MANUFACTURED products ,GOVERNMENT policy - Published
- 2010
- Full Text
- View/download PDF
48. The Role of Property Rights in the Relationship between Capital Flows and Economic Growth in SSA: Do Natural Resources Endowment and Country Income Level Matter? .
- Author
-
Coulibaly, Sionfou Seydou, Gakpa, Lewis Landry, and Soumaré, Issouf
- Subjects
PROPERTY rights ,CAPITAL movements ,FOREIGN investments ,ECONOMIC development ,NATURAL resources ,ECONOMICS ,ECONOMIC conditions in Africa - Abstract
Abstract: This paper studies the role played by the quality of property rights in the linkages of international capital flows into sub‐Saharan African (SSA) economies. Using panel data of 36 SSA countries over the period 1996–2015 and the ARDL procedure with the Pooled Mean Group regression method appropriate for non‐stationary panel data estimation, we account for the joint effects of property rights quality and openness to foreign capital flows on economic growth. We uncover the existence of a property rights quality threshold beyond which property rights either amplifies the spillovers effects or attenuates the negative effect of capital flows on economic growth. For instance, it takes a level of property rights of at least 60 to have a positive long‐term impact of capital flows on economic growth in natural resource‐poor African countries. The quality of property rights matters more to obtain spillover effects of capital flows on growth in natural resource‐poor countries than in their peer natural resource‐rich countries. Finally, with regard to the countries' income levels, capital flows have significant long‐term spillovers effects on economic growth in advanced African economies than in their low‐income peers. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
49. Implicit Taxation of Agriculture: The Cause of Development Failure in Egypt.
- Author
-
Grabowski, Richard
- Subjects
AGRICULTURAL taxes ,ECONOMIC development ,AGRICULTURAL development ,UNEMPLOYMENT ,EMPLOYMENT ,CAPITAL - Abstract
Egypt has been unable to sustain rapid economic growth in the past, nor has it been able to generate employment opportunities at a fast enough rate to keep unemployment from rising. It will be argued in this paper that this has been the result of significant implicit taxation of the agricultural sector. The latter has slowed the structural transformation of the Egyptian economy, increased the capital intensity of production in the urban sector, and slowed overall economic growth. The Egyptian experience is contrasted with that of South Korea and Taiwan. The results indicate that indeed structural change in Egypt has been slowed by the implicit taxation of agriculture. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
50. Semi-parametric Regression-based Decomposition Methods: Evidence from Regional Inequality in Tunisia.
- Author
-
Jmaii, Amal, Rousselière, Damien, and Daniel, Christophe
- Subjects
POOR people ,METROPOLITAN areas ,RURAL geography ,HOUSEHOLDS ,ECONOMIC development ,TWENTY-first century ,SOCIAL history - Abstract
This paper examines urban-rural welfare inequality in Tunisia. Founded on the recentred influence function and quantile regression based counterfactual decomposition, we dissect the gap between the two areas. Results of the present study suggest that the difference between rural poor households and urban poor households is due essentially to characteristic effects; while for wealthier households both characteristic and returns to these characteristic effects (for example, efficiency of educational system) are responsible for this gap. Additionally, the results demonstrate that this is an issue of value, and, more specifically, an economic development fairness conflict. It is suggested that policymakers should address a positive discrimination programme in favour of the marginalized region. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
51. Educational Inequalities between Siblings: Evidence from Six Sub-Saharan African Countries.
- Author
-
Senghor, Hady and Wolff, François‐Charles
- Subjects
EDUCATIONAL equalization ,ACADEMIC achievement ,ECONOMIC development ,PUBLIC education ,ECONOMETRICS - Abstract
This paper investigates the determinants of educational achievements using household data collected in 2009 and 2010 from six sub-Saharan African countries. The econometric strategy combines estimation of random effect Probit models and variance decompositions to assess the relative contributions of between-family and within-family inequalities in schooling. Whilst the selected countries are rather heterogeneous in terms of economic development and public education expenditures, very similar results are found in five out of the six sub-Saharan countries. More than two-thirds of differences in schooling are explained by educational differences between families and within-household inequalities are very difficult to explain by observed family characteristics. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
52. Geographic Distance and Credit Market Access in Niger.
- Author
-
Pedrosa, Jose and Do, Quy-Toan
- Subjects
MICROFINANCE ,ECONOMIC development ,PERFORMANCE evaluation ,COMMERCIAL policy ,BANK loans ,INTEREST rates ,SUSTAINABILITY - Abstract
Distances involved in accessing basic services can constitute a major barrier to development. This paper analyzes the relationship between the distance separating households from microfinance institutions' offices in Niger, and the low levels of development and performance of the microfinance sector in the country. To cope with the effects of geographical distance, microfinance institutions adapt their policies through more restrictive loan conditions, higher interest rates and more intensive screening. This then leads us to discuss the tension between access and sustainability in the context of financial services for the poor. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
53. Business Environment and Growth Potential of Micro and Small Manufacturing Enterprises in Uganda.
- Author
-
Ishengoma, Esther K. and Kappel, Robert
- Subjects
SMALL business ,ECONOMIC development ,PERFORMANCE evaluation ,TREND analysis in business ,REGRESSION analysis ,TAXATION ,MARKETS - Abstract
Since the 1990s, studies utilizing descriptive statistics have documented factors in the business environment, which hinder the performance of Ugandan micro and small enterprises (MSEs). Based on secondary data, this paper assesses the trend of critical factors since 1994 to 2010. The paper also utilizes the primary data from MSEs to examine the effects of these factors on the growth potential of MSEs, while controlling for the owner's and the firm's attributes. Results from the trend analysis reveal that the business environment has been deteriorating over time. Results from the regression analyses reveal that MSEs' growth potential is negatively associated with limited access to productive resources, high taxes and lack of market access. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
54. Industrial Strategies for Economic Recovery and Long-term Growth in Africa.
- Author
-
Bigsten, Arne and Söderbom, Måns
- Subjects
ECONOMIC recovery ,ECONOMIC development ,INDUSTRIALIZATION ,SAVINGS ,MACROECONOMICS ,BUSINESS planning - Abstract
Despite a decade of rapid economic growth, Africa's industrial sector remains underdeveloped. In this paper we explain why improved economic performance in the industrial sector is important for Africa's long-term growth, and discuss the prospects for accelerated industrialization on the continent. We distinguish between macroeconomic aspects, factors related to the investment climate, and the role of skills at the level of the enterprise. We also discuss the theoretical underpinnings of industrial policy, as well as implementation problems. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
55. Financial Sector Reforms, Bank Performance and Economic Growth: Evidence from Zambia.
- Author
-
Mwenda, Abraham and Mutoti, Noah
- Subjects
FINANCIAL services industry ,BANKING industry ,ECONOMIC development ,MACROECONOMICS ,GROSS domestic product ,ECONOMIC reform - Abstract
This paper investigates the effects of market-based financial sector reforms on the competitiveness and efficiency of commercial banks, and economic growth, in Zambia. The results show that reforms adopted in Phase II (strengthening of regulatory and supervisory, payments and settlements, and financial operations frameworks) and Phase III (implementation of a comprehensive financial sector development plan) had significant positive effects on bank cost efficiency. Macroeconomic variables such as per capita GDP and inflation were insignificant. Further, using an endogenous growth model in which industrial production is a proxy for GDP growth, it was found that bank cost efficiency, financial depth, Phase II and III financial sector reforms, the degree of economic openness, and rate of inflation were significant determinants of economic growth. Phase II policies and the inflation rate have negative effects while the rest of the variables have positive effects on economic growth. Some plausible policy lessons are offered. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
56. Poverty Alleviation in the People's Republic of China: The Implications for Sino-African Cooperation in Poverty Reduction.
- Author
-
Wu, Zhong and Cheng, Enjiang
- Subjects
POVERTY ,GROWTH rate ,ECONOMIC development ,MACROECONOMICS ,INDUSTRIAL policy ,GOVERNMENT policy - Abstract
In the last thirty years, remarkable achievements have been made in China's poverty reduction course. The dramatic fall in China's poor can be attributed mainly to a high rate of economic growth, government poverty reduction policies and targeted programmes and pro-poor macroeconomic and industrial policies. This paper focuses on China's poverty reduction policies and programmes and their impact on the poor regions and poor households. Lessons are drawn for poverty reduction and economic development in African countries. The paper also explores the potential for collaboration in poverty reduction between China and African countries and recommendations are made for the governments and donor agencies. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
57. An Analysis of Welfare Changes in Zimbabwe.
- Author
-
Kwenda, Prudence
- Subjects
WELFARE economics ,ECONOMIC development ,POVERTY ,SOCIOECONOMICS ,INCOME inequality - Abstract
This paper presents a brief account of welfare changes in Zimbabwe along the income and education dimensions between 1995 and 2003. Using sequential dominance procedures, we find that education attainment substantially improved over time. However, these gains did not necessarily translate into poverty reduction, rather welfare over the joint distribution of income and education dramatically deteriorated. These results are robust for all education partitions, income thresholds and a broad class of welfare indices. A further inquiry into the factors underlying this apparent disconnection between education and income using decomposition techniques reveals that the increase in poverty incidence cannot be attributed to household characteristics but is reflective of the broader socio-economic trends prevailing at the time. The decline in economic growth contributed tremendously to the decline in welfare while inequality changes account for a small proportion. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
58. Banks, Microfinance Institutions and Economic Growth in the West African Economic and Monetary Union.
- Author
-
Sodokin, Koffi and Donou-Adonsou, Charles
- Subjects
BANKING industry ,MICROFINANCE ,ECONOMIC development ,SUSTAINABLE development ,LEAST squares ,ECONOMIC periodicals - Abstract
This paper aims to investigate the complementary relationship between commercial banks and microfinance institutions in the West African Economic and Monetary Union (WAEMU) as a means to sustain economic growth. Using panel data on seven countries from 1999 to 2005 with the Feasible Generalized Least Squares and the AR(1) disturbances, the study indicates that the banking and microfinance sectors are prone to operating individually, and that banks benefit from microfinance activities. A joint effort of both sectors in facing credit allocation appears to be very significant over the single action of microfinance institutions. The study, therefore, suggests a joint or complementary approach through savings management to face the challenge of the economic growth in the Union. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
59. The Global Financial Crisis and Sub-Saharan Africa: The Effects of Slowing Private Capital Inflows on Growth.
- Author
-
Brambila-Macias, José and Massa, Isabella
- Subjects
FINANCIAL crises ,ECONOMIC development ,CAPITAL movements ,FOREIGN investments ,BANKING industry - Abstract
This paper uses the bias-corrected least-squares dummy variable (LSDV) estimator to examine the relationship between economic growth and four different types of private capital inflows (cross-border bank lending, foreign direct investment (FDI), bonds flows and portfolio equity flows) on a sample of 15 selected sub-Saharan African countries over the period 1980–2008. Our results show that FDI and cross-border bank lending exert a significant and positive impact on sub-Saharan Africa's growth, whereas portfolio equity flows and bonds flows have no growth impact. Our estimates suggest that a drop by 10 per cent in FDI inflows may lead to a 3 per cent decrease of income per capita growth in sub-Saharan Africa, and a 10 per cent decrease in cross-border bank lending may reduce growth by up to 1.5 per cent. Therefore, the global financial crisis is likely to have an important effect on sub-Saharan Africa's growth through the private capital inflows channel. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
60. Interest Rate Liberalization and Economic Growth in Zambia: A Dynamic Linkage.
- Author
-
Odhiambo, Nicholas M.
- Subjects
INTEREST rate laws ,INTEREST rates ,ECONOMIC development ,ECONOMIC reform - Abstract
This paper examines the dynamic impact of interest rate reforms on economic growth in Zambia—using two models in a stepwise fashion. In the first model, the efficacy of interest rate liberalization is examined by regressing the interest rate on the level of financial deepening. In the second model, the causal relationship between financial depth and economic growth is examined by incorporating savings as an intermittent variable in the bivariate setting, thereby creating a simple trivariate model. Using the cointegration-based error correction model, the study finds strong support for the positive impact of interest rate liberalization on financial deepening. In addition, the study finds that financial deepening, which results from interest rate liberalization, Granger causes economic growth. The results apply irrespective of whether the causality is estimated in the short run or in the long run. Other results show that: (1) lagged financial depth leads to further financial deepening; (2) savings and economic growth Granger cause each other; and (3) financial development Granger causes savings in the long run. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
61. Does Gender Inequality Reduce Growth in Sub-Saharan African and Arab Countries?
- Author
-
Baliamoune-Lutz, Mina and McGillivray, Mark
- Subjects
GENDER inequality ,SEX discrimination ,EQUALITY ,ECONOMIC development - Abstract
This paper uses 1974 to 2001 panel data for 31 sub-Saharan African and 10 Arab countries and Arellano–Bond estimations to empirically assess the impact on growth of an important indicator associated with MDG 3; namely the ratio of 15–24-year-old literate females to males. Our findings indicate that gender inequalities in literacy have a statistically significant negative effect that is robust to changes in the specification. In addition, it seems that gender inequality has a stronger effect on growth in Arab countries. Interestingly, we find that the interaction between openness to trade and gender inequality has a positive impact. This result suggests that trade-induced growth may be accompanied by greater gender inequalities. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
62. Productivity Change of Nigerian Insurance Companies: 1994–2005.
- Author
-
Barros, Carlos Pestana, Ibiwoye, Ade, and Managi, Shunsuke
- Subjects
INSURANCE companies ,INDUSTRIAL efficiency ,BUSINESS enterprises ,ECONOMIC development ,ECONOMICS - Abstract
The aim of this paper is to estimate the productivity change of Nigerian insurance companies and to rank the companies analysed in the sample according to their productivity score. This benchmark exercise provides the companies analysed with a view of how their relative productivity can be upgraded. For this purpose, the non-parametric Luenberger productivity model is used. For comparative purposes, the non-parametric Luenberger–Hicks–Moorsteen productivity indicator is also used. The companies are ranked according to their total productivity for the period 1994–2005, using both models, which produce variations in the respective results. Economic implications arising from the study are derived. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
63. Financial Liberalization Policies and Economic Growth: Panel Data Evidence from Sub-Saharan Africa.
- Author
-
Fowowe, Babajide
- Subjects
MONETARY policy ,FINANCIAL liberalization ,ECONOMIC development ,PUBLIC finance ,ECONOMICS - Abstract
The paper conducts an empirical investigation into the effects of financial liberalization policies on the growth of 19 countries in sub-Saharan Africa (SSA). Two indexes are constructed which measure the gradual progression and institutional changes involved in financial liberalization. Because these indexes track specific financial liberalization policies, they provide better measures of financial liberalization than the indicators of financial development often used in the literature. Panel data estimates show a significant positive relationship between economic growth and financial liberalization policies. Our results are robust to alternative specifications of the model, and also across slow- and fast-growing countries. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
64. Telecommunications Investment in Africa: Implications of US Reform of the International Settlement Rate System.
- Author
-
Gyimah-Brempong, Kwabena and Karikari, John Agyei
- Subjects
TELECOMMUNICATION ,INVESTMENTS ,ECONOMIC development ,ECONOMIC policy ,DEVELOPING countries - Abstract
This paper investigates the possible effects of the US reform of the international settlement rate system on telecommunications investment in Africa. We estimate a telecommunications investment equation using a panel data of 51 African countries during the 1991–2003 period and find that settlement payments have significantly positive effects on telecommunications investment in African countries. A 10 percent increase in settlement payment, on average, increases the telecommunications investment expenditure to GDP ratio by 3.4 percent over a three-year period. Using previously calculated revenue loss from the US reform, our estimates suggest that African countries stand to lose between 4.4 to 11 percentage points of their telecommunications investment in the medium run and with it, possible decreases in income growth rate. However, we argue that African countries can counter the effects of this revenue loss by increasing the efficiency of telecommunications investment through appropriate market restructuring, including the promotion of competition and privatization. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
65. Labour Market Flexibility, Wages and Incomes in Sub-Saharan Africa in the 1990s.
- Author
-
Kingdon, Geeta, Sandefur, Justin, and Teal, Francis
- Subjects
LABOR market ,UNEMPLOYMENT ,LABOR supply ,ECONOMIC development ,ECONOMIC policy - Abstract
This paper provides an overview of how African labour markets have performed in the 1990s. It is argued that the failure of African labour markets to create good paying jobs has resulted in excess labour supply in the form of either open unemployment or a growing self-employment sector. One explanation for this outcome is a lack of labour market ‘flexibility’ keeping formal sector wages above their equilibrium level and restricting job creation. We identify three attributes of labour market flexibility. First, whether real wages decline over time; secondly, the tendency for wages to adjust in the face of unemployment; and thirdly, the extent of wage differentials between sectors and/or firms of various size. Recent research shows that real wages in Africa during the 1990s may have been more downwardly flexible than previously thought and have been surprisingly responsive to unemployment rates, yet large wage differentials between formal and informal sector firms remain. This third sense of the term ‘inflexibility’ can explain a common factor across diverse African economies — the high income divide between those working in large firms and those not. Those working in the thriving self-employment sector in Ghana have something in common with the unemployed in South Africa — both have very low income opportunities relative to those in large firms. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
66. Analysing the Poverty Impact of the HIPC Initiative in Cameroon.
- Author
-
Nkama, Arsene Honore Gideon
- Subjects
POVERTY ,INTERNATIONAL banking industry ,ECONOMIC development ,ECONOMIC policy - Abstract
The paper uses the Poverty Analysis Macroeconomic Simulator (PAMS), a World Bank framework and updates its interface with the Cameroon government macroeconomic framework to analyze the potential impact of the implementation of the HIPC initiative on poverty alleviation. According to the main findings, it is very likely that Cameroon would succeed in achieving the poverty Millennium Development Goal. However, this result would be feasible if and only if the Poverty Reduction Strategy Paper (PRSP) is fully implemented. That is not very certain because of the failure already observed during the first year of PRSP implementation. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
67. Political Development, Agriculture, and Ethnic Divisions: An African Perspective.
- Author
-
Grabowski, Richard
- Subjects
POLITICAL development ,AGRICULTURE ,EARNED income ,AGRICULTURAL productivity ,ETHNIC groups ,COLONIZATION ,ECONOMIC development - Abstract
In this paper it is argued that political development is the key to long-run growth in developing nations. Political development is seen to be dependent on the extent to which a state or ruling elite's income is earned or unearned. The availability of earned income is linked to the structure and productivity of the agricultural sector. Applying the analysis to the sub-Saharan African experience involves taking into account three factors: the international environment, the ethnic division of societies as a result of colonization, and the urban bias which characterized the economic strategy of the newly independent African states. As a result, agriculture collapsed, the ruling elite became increasingly dependent on unearned income, political underdevelopment occurred. The collapse of state authority significantly impoverished the region and resulted in significant civil conflict. Any long-run solution must incorporate a broad-based expansion in agricultural productivity. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
68. Non-parametric Diversity Indices of Technical Capability of African Countries.
- Author
-
Amavilah, Voxi Heinrich S.
- Subjects
ECONOMIC development ,POLITICAL planning ,TECHNOLOGICAL innovations ,INDEX numbers (Economics) ,PERFORMANCE - Abstract
Academic research often claims that the lack of technical capability undermines Africa's economic growth. Policy decisions based on that claim then recommend technological improvement, where technology is generally treated as a homogenous manna from the heaven. This paper outlines four, and calculates two, broad indices of the diversity of technical capability of 14 African countries based on nine common descriptors of technical capability. It finds technical capability to be heterogeneous both within and across countries, and concludes that performance policies that overlook diversity of technical capability are potentially misleading, ineffective, and perhaps even damaging (growth retarding). [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
69. Promoting of Investment in Africa.
- Author
-
Anyanwu, John C.
- Subjects
INVESTMENTS ,FOREIGN investments ,ECONOMIC development ,POVERTY ,CORRUPTION ,HUMAN capital - Abstract
This paper examines the trend, constraints, promotion, and prospects of investment – domestic investment, foreign direct investment, and private portfolio investment – in Africa. After identifying the importance of investment in Africa's economic development, it was shown that all forms of investment are low in Africa and hence inadequate for the attainment of the MDGs and poverty reduction in the continent. The constraining factors include: low resources mobilization; high degree of uncertainty; poor governance, corruption, and low human capital development; unfavorable regulatory environment and poor infrastructure, small individual country sizes; high dependence on primary commodities exports and increased competition; poor image abroad; shortage of foreign exchange and the burden of huge domestic and external debt; and undeveloped capital markets, their high volatility, and home bias by foreign investors. The paper recommends that successful promotion of both domestic, foreign direct and portfolio investment in Africa will require actions and measures at the national, regional, and international levels. It concludes that the prospects are bright. New and attractive investment opportunities are emerging in infrastructure, particularly as most African countries now encourage public/private partnerships for investments in this sector. In addition to privatization, renewed interest within Africa in undertaking regionally based projects and joint exploitation of natural resources is creating other investment opportunities. Apart from the fact that investment in Africa yields the highest returns, investment risk in the continent is declining. In addition, much progress has been made in recent years to improve the investment climate in Africa. All this is of course is not to deny that obstacles do remain hence economic reforms to enhance domestic investment would need to be complemented by measures to attract increased foreign capital. Critical in such endeavors must be efforts to improve governance in some countries as well as to eliminate socio-political violence in others and development of domestic capital markets, while government institutions must be modernized and upgraded. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
70. Stock Market Development and Economic Growth: The Case of Selected African Countries.
- Author
-
Adjasi, Charles K. D. and Biekpe, Nicholas B.
- Subjects
STOCK exchanges ,ECONOMIC development ,CAPITALIZATION (Writing) ,CORPORATE finance ,POOR people - Abstract
This paper studies the effect of stock market development on economic growth in 14 African countries in a dynamic panel data modelling setting. Results largely show a positive relationship between stock market development and economic growth. Further analyses, based on the level of economic development and stock market capitalization, are also conducted. The results reveal that the positive influence of stock market development on economic growth is significant for countries classified as upper middle income economies. On the basis of market capitalization groupings, stock market developments play a significant role in growth only for moderately capitalized markets. The general trend in results shows that low income African countries and less developed stock markets need to grow more and develop their markets to elicit economic gains from stock markets. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
71. NEPAD: The Need and Obstacles.
- Author
-
Ilorah, Richard
- Subjects
INTERNATIONAL competition ,ECONOMIC development ,ECONOMICS ,ECONOMIC policy - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2004
- Full Text
- View/download PDF
72. African Social Sciences and Development in the New Century: Challenges and Prospects.
- Author
-
Anugwom, Edlyne E.
- Subjects
SOCIAL sciences ,ECONOMIC development ,CIVILIZATION ,HISTORY ,SCIENCE - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2004
- Full Text
- View/download PDF
73. Financial Resource Base of Sub-national Governments and Fiscal Decentralization in Ghana.
- Author
-
Inanga, Eno L. and Osei-Wusu, David
- Subjects
PUBLIC finance ,DECENTRALIZATION in government ,ECONOMIC development ,FINANCE - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2004
- Full Text
- View/download PDF
74. Human Capital and Systems of Innovation in African Development.
- Author
-
Oyelaran-Oyeyinka, Banji and Barclay, Lou Anne
- Subjects
ECONOMIC development ,HUMAN capital ,INDUSTRIALIZATION ,EVOLUTIONARY theories - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2004
- Full Text
- View/download PDF
75. Economic Integration and Convergence of Per Capita Income in West Africa.
- Author
-
Jones, Basil
- Subjects
ECONOMIC development ,ECONOMIC policy ,INCOME - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2002
- Full Text
- View/download PDF
76. Causal Relationship between Domestic Savings and Economic Growth: Evidence from Seven African Countries.
- Author
-
Anoruo, Emmanuel and Ahmad, Yusuf
- Subjects
ECONOMIC development ,LOCAL finance ,VECTOR analysis ,MATHEMATICS ,ECONOMICS ,ECONOMIC policy - Abstract
This paper utilizes cointegration and the vector error-correction model (VECM) to explore the causal relationship between economic growth and growth rate of domestic savings for Congo, Côte d’Ivoire, Ghana, Kenya, South Africa, and Zambia. Specifically, three analyses were undertaken. First, the time series properties of economic growth and domestic savings were ascertained with the help of the augmented Dickey–Fuller unit root procedure. Second, the long-run relationship between economic growth and growth rate of domestic savings was examined in the context of the Johansen and Juselius (1990) framework. Finally, a Granger-causality test was undertaken to determine the direction of causality between economic growth and growth rate of domestic savings. The results indicate one order of integration [I(1)] for each of the series. The results of the cointegration tests suggest that there is a long-run relationship between economic growth and growth rate of savings. The results from the Granger-causality tests indicate that contrary to the conventional wisdom, economic growth prima facie causes growth rate of domestic savings for most of the countries under consideration. Le présent document utilise la co-intégration et le modèle à vecteur de correction des erreurs (VECM) pour étudier les relations de cause à effet entre la croissance économique et les taux de croissance de l’épargne intérieure au Congo, en Côte d’Ivoire, au Ghana, au Kenya, en Afrique du Sud et en Zambie. Plus précisément, trois analyses ont été effectuées. La première a vérifié les propriétés des séries chronologiques de la croissance économique et de l’épargne intérieure à l’aide de la méthode Dickey–Fuller de racine unitaire augmentée. La deuxième a examiné les relations à long terme entre ... [ABSTRACT FROM AUTHOR]
- Published
- 2001
- Full Text
- View/download PDF
77. Determinants of FDI and their Impact on Economic Growth in Uganda.
- Author
-
Obwona, Marios B.
- Subjects
FOREIGN investments ,ECONOMIC development ,UGANDAN economy ,GROSS domestic product - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2001
- Full Text
- View/download PDF
78. The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea.
- Author
-
Bouznit, Mohammed, Ferfera, Mohamed Yassine, and del P. Pablo‐Romero, María
- Subjects
ECONOMIC development ,COMPARATIVE economics ,HUMAN capital ,PRODUCTION (Economic theory) ,ALGERIAN economy - Abstract
The slow growth of Algeria is analyzed in this paper, by comparing the economic growth between Algeria and South Korea, over the period from 1970 to 2010. Both countries were nearly at the same development level at the beginning of the 1960s. Nevertheless, the South Korean economy was ranked 15th in the world in 2010, while Algeria remained underdeveloped. The results obtained show that human capital and physical capital cause the economic growth in the two countries under study. However, the elasticities of productivity with respect to human and physical capital are higher in South Korea. Human capital elasticity in South Korea is two and a half times higher, whereas the physical capital elasticity is twice as high. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
79. Does Famine Matter for Aggregate Adolescent Human Capital Acquisition in Sub-Saharan Africa?
- Author
-
Agbor, Julius A. and Price, Gregory N.
- Subjects
ECONOMIC development ,FAMINES ,HUMAN capital ,MALNUTRITION in children ,LITERACY ,FOOD security - Abstract
To the extent that in utero and childhood malnutrition negatively affects later stage mental and physical health, it can possibly constrain later stage human capital acquisition, which is an important driver of economic growth. This paper considers the impact of famine on aggregate adolescent human capital formation in sub-Saharan Africa. We parameterize a joint adolescent human capital and food nutrition production function to estimate the effects of famine on years of primary school completed by individuals aged 15-19. Mixed fixed and random coefficient parameter estimates for 32 sub-Saharan African countries between 1980 and 2010 reveal that years of primary school completed by adolescents is proportional to the quantity of food and nutrition produced during childhood and in utero. This suggests that declines in food production and nutrition associated with famine in sub-Saharan Africa have large negative effects on the acquisition of human capital by adolescents and on long-run material living standards. Our findings show that there is yet another consequence to famine, a long-run reduction in adolescent human capital, and this should reinforce the case for strong food security programmes in sub-Saharan Africa. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
80. Revisiting the Finance-Growth Nexus in Sub-Saharan Africa: Results from Error Correction-based Panel Cointegration Tests.
- Author
-
Walle, Yabibal M.
- Subjects
ERROR correction (Information theory) ,ECONOMIC development ,LIABILITIES (Accounting) ,LIQUIDITY (Economics) ,GROSS domestic product ,FINANCIAL services industry - Abstract
This paper re-examines the long-run finance-growth nexus in sub-Saharan Africa (SSA) using data from 17 countries over the period 1975-2005. We apply error correction-based panel cointegration tests that take into account cross-sectional dependence among countries. Our results - unlike a previous study using the same data - indicate the existence of a long-run relationship between financial and economic development in SSA countries. Moreover, our results clearly show that the long-run causality runs from financial to economic development, although a muted support for the reverse causal impact is observed when financial development is measured by the percentage of liquid liabilities in GDP. The estimated long-run parameters measuring the finance-growth link are positive and statistically significant. Therefore, our results strongly support policies aimed at developing the financial sector in SSA in order to promote long-run economic development. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
81. Household Economic Well-being: Response to Micro- Credit Access in Cameroon.
- Author
-
Baye, Francis Menjo
- Subjects
INCOME ,WELL-being ,CREDIT ,ECONOMIC development ,ENDOGENEITY (Econometrics) ,SELECTION bias (Statistics) - Abstract
This paper evaluates the determinants of borrowing, effects of borrowing on economic well-being, and potential disparity in responses by sources of well-being, location and gender, while controlling for other correlates. The 2001 Cameroon household consumption survey and a range of survey-based econometric methods that purge parameter estimates of potential intra-cluster correlation, endogeneity and sample selection biases were used. Access to credit/borrowing is strongly associated with household economic well-being irrespective of source of well-being. Rural well-being is significally more contingent on credit access than urban well-being. Male-headed households rely more significantly on credit access to enhance well-being than their female counterparts. Higher levels of education associate more significantly with well-being enhancement than lower levels, more so for female-headed households than their male counterparts. To sustain the impact of credit on well-being, accompanying measures - availability of sufficient funds, quality services by lenders, physical infrastructures, healthcare and training - are required. These findings are useful in the context of economic recovery and poverty reduction under the current situation in Cameroon, where financial intermediation is limited and penetration is shallow. To better serve the needs of the economically active poor, a microfinance delivery model is proposed. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
82. Financial Development and Economic Growth in the North African Region.
- Author
-
Kouki, Imen
- Subjects
ECONOMIC development ,EMPIRICAL research ,FINANCIAL institutions ,REGRESSION analysis ,ECONOMIC indicators ,BANKING industry - Abstract
This paper empirically investigates the relationship between financial development and economic growth in the North Africa region, using a panel regression and different indicators of financial development. We find that the relation depends on the type of the indicator of financial development. In fact, while both financial institutions and markets in Morocco and Tunisia have a positive effect on the economic growth, only the financial markets in Egypt will improve economic growth by increasing the supply of financial services. For Algeria, the banking system has a positive effect on economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
83. On the Determinants of Investment in Sub- Saharan African Manufacturing Firms.
- Author
-
Foster‐McGregor, Neil
- Subjects
INVESTMENTS ,MANUFACTURING industries ,ORGANIZATIONAL performance ,ECONOMIC development ,INTERNATIONAL business enterprises ,PROPERTY rights - Abstract
Investment is a crucial factor determining economic performance at the firm as well as the country level. In this paper I identify the determinants of the decision to invest in new plant and equipment as well as the determinants of the level of such investment for a sample of firms in 19 sub-Saharan African countries. In particular, I concentrate on the role of property rights, external finance, trade status and firm ownership on investment. Results indicate that internationally trading firms, foreign owned firms and firms with better access to sources of external finance tend to be more likely to invest and to invest more, with little role for indicators of property rights in influencing investment decisions found. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
84. La croissance économique est-elle pro-pauvres au Niger?
- Author
-
Daouda, Youssoufou Hamadou
- Subjects
ECONOMIC development ,POVERTY ,EQUALITY ,ECONOMIC history - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2013
- Full Text
- View/download PDF
85. Natural Resources Exports, Diversification and Economic Growth of CEMAC Countries: On the Impact of Trade with China.
- Author
-
Diaw, Diadié and Lessoua, Albert
- Subjects
INTERNATIONAL trade ,ECONOMIC development ,NATURAL resources ,COMMERCE ,DYNAMICS - Abstract
This paper deals with the dynamics of growth in the countries of the Economic and Monetary Community of Central Africa (CEMAC), focusing on external trade, in particular with China. Its aim is to shed light on the increasing influence of China in Africa. It uses dynamic panel estimations to measure the impact of trade orientation on economic growth in the CEMAC countries and concludes that specialization in natural resources affects economic growth negatively. But this effect is somewhat mitigated by the orientation towards China. Moreover, the weak intraregional trade between CEMAC countries has failed to contribute to their economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
86. Health, Education and Emergence from the Development Trap.
- Author
-
Berthélemy, Jean-Claude
- Subjects
PUBLIC health ,EDUCATION ,ECONOMIC development ,DEVELOPING countries ,ECONOMIC equilibrium ,TRANSPARENCY in government ,DEMOCRACY - Abstract
This paper studies the emergence of developing countries from a development trap. It shows that countries whose dynamics exhibits several growth peaks can be considered as cases of equilibrium jump. Applying this criterion to a sample of 65 countries that were initially very poor in 1950, it identifies 13 such countries, called 'emerging economies'. Comparing emerging and non-emerging economies in the 1950s and early 1960s, it shows that economic take-offs starting in the 1960s can be related to health and education in the early 1950s, while other possible factors, such as savings, openness and democracy are not significant. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
87. Growth by Destination (Where You Export Matters): Trade with China and Growth in African Countries.
- Author
-
Baliamoune-Lutz, Mina
- Subjects
ECONOMIC development ,EMPIRICAL research ,INTERNATIONAL trade ,FOREIGN trade regulation ,IMPORTS ,EXPORTS - Abstract
I perform Arellano-Bond GMM estimations using panel data over the period 1995-2008 and explore the growth effects of Africa's trade with China, distinguishing between the effect of imports and the effect of exports, and controlling for the role of export concentration. Four important results are obtained from the empirical analysis. First, there is no empirical evidence that exports to China enhance growth unconditionally. Second, the results suggest that export concentration enhances the growth effects of exporting to China, implying that countries which export one major commodity to China benefit more (in terms of growth) than do countries that have more diversified exports. Third, contrary to the widely held view that increasing imports from China would have a negative effect, the empirical results show that the share of China in a country's total imports has a robust positive effect on growth. Finally, the evidence suggests that there is an inverted-U relationship between exports to developed countries and growth in Africa. Overall, the results seem to provide support for the hypothesis of growth by destination (i.e., that where a country exports matters for the exporting country's growth and development). I draw on these findings to outline some policy implications. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
88. Competitiveness and Efficiency of the Banking Sector and Economic Growth in Egypt.
- Author
-
Poshakwale, Sunil S. and Qian, Binsheng
- Subjects
ECONOMIC competition ,BANKING industry ,ECONOMIC development ,FINANCIAL liberalization ,FINANCIAL services industry ,PRIVATE banks - Abstract
This paper investigates the impact of financial reforms on competitiveness and production efficiency of the banking sector, as well as the short-term and long-term impact on economic growth, in Egypt during 1992-2007. The results suggest that the reforms have a positive and significant effect on competitiveness and production efficiency. Also, the evidence shows that state-owned banks are generally less competitive than private banks and foreign banks are less competitive than domestic banks. The average x-inefficiency of Egyptian banks is around 30 per cent, which is comparable to those reported for other African countries. Finally, there is evidence to suggest a significant relationship between financial bank productive efficiency and economic growth in the short run but not in the long run. Overall, the results support the argument for continuing the financial sector reform programme in Egypt. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
89. Does China Transfer Productivity Enhancing Technology to Sub-Saharan Africa? Evidence from Manufacturing Firms.
- Author
-
Elu, Juliet U. and Price, Gregory N.
- Subjects
MANUFACTURED products ,TECHNOLOGY transfer ,INDUSTRIAL productivity ,GROWTH rate ,ECONOMIC development ,COST of living - Abstract
This paper considers whether trade between China and sub-Saharan Africa results in productivity-enhancing technology transfers to sub-Saharan African manufacturing firms. As trade flows between countries potentially results in interactions that lead to technological improvements in the production of goods and services, we parameterize the level of total factor productivity for African manufacturing firms as a function of foreign direct investment flow, and for the country in which it operates, trade openness with China, and its interaction with foreign direct investment. With micro-level data on manufacturing firms in five sub-Saharan African countries, we estimate the parameters of firm-level production functions between 1992 and 2004. Our parameter estimates reveal that across the firms and countries in our sample, there is no relationship between productivity-enhancing foreign direct investment and trade with China. In addition, increasing trade openness with China has no effect on the growth rate of total factor productivity. To the extent that total factor productivity and its growth is a crucial determinant of economic growth and living standards in the long run, our results suggest that increasing trade openness with China is not a long-run source of higher living standards for sub-Saharan Africa. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
90. Impacts of the Rise of China on Developing Country Trade: Evidence from North Africa.
- Author
-
Brenton, Paul and Walkenhorst, Peter
- Subjects
INTERNATIONAL trade ,FINANCIAL crises ,GROWTH rate ,ECONOMIC development ,EMPIRICAL research ,DEVELOPING countries - Abstract
Despite the global financial and economic crisis, China has continued to experience strong export-driven growth and, indeed, became the world's largest exporting country in 2009. This rise of China in international markets presents African countries with growing competition in their home and export markets, but also with new opportunities. This paper focuses on the impacts of these developments on countries in North Africa, which are directly affected by the prominence of Chinese manufacturing. In particular, the analysis addresses two policy questions: First, is competition from China leading to substantial displacement of resources that incur significant adjustment costs while moving to new activities, or are there opportunities to exploit finer patterns of specialization that entail less disruption? And second, will policies that mitigate the impact of competition from China limit the longer-term capacity to exploit new opportunities in the global market? The findings from the empirical analysis suggest that policy makers can support North African producers in the increasingly fierce competition with China by reviewing the regulatory and incentives environment, reducing trade logistics costs, and broadening trade promotion efforts to non-traditional markets. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
91. Rethinking Economic Growth in a Globalizing World: An Economic Geography Lens.
- Author
-
Venables, Anthony J.
- Subjects
ECONOMIC development ,GLOBALIZATION ,INTERNATIONAL markets ,ECONOMIC equilibrium ,ECONOMIC activity - Abstract
This paper argues that cumulative causation processes are fundamental to understanding growth and development. Such processes derive from spatially concentrated increasing returns to scale including thick market effects, knowledge spillovers, sectoral and urban clustering, and self-reinforcing improvements in physical and social infrastructure. These sources of agglomeration have been extensively analyzed in the economic geography literature. They imply that spatial unevenness in economic activity and incomes is an equilibrium outcome. Growth tends to be ‘lumpy’, with some sectors in some countries growing fast while other countries lag. The policy challenge is to lift potential new centers of economic activity to the point where they can reap the productivity and investment climate advantages of increasing returns and cumulative causation. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
92. Africa's Economic Growth: Opportunities and Constraints.
- Author
-
Collier, Paul
- Subjects
ECONOMIC development ,PHYSICAL geography ,POLITICAL geography ,DEVELOPING countries ,HUMAN geography - Abstract
Africa's economies have diverged from other developing regions: over the past three decades growth has been much slower. In this paper I relate this to the region's distinctive physical and political geography. These features not only make Africa different from other regions, they make some parts of Africa radically different from others. Understanding these differences is critical because they imply equally substantial differences in opportunities and hence in the strategies likely to be effective for growth. No pan-African growth strategy offers a realistic prospect of success, nor can Africa simply copy the strategies of successful regions that have fundamentally different physical or political geography. I propose three strategies each of which is likely to be appropriate for a part of the region. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
93. Gender Inequalities and Economic Efficiency: New Evidence from Cassava-based Farm Holdings in Rural South-western Nigeria.
- Author
-
Timothy, Awoyemi Taiwo and Adeoti, Adetola I.
- Subjects
ECONOMIC development ,LABOR productivity ,INDUSTRIAL productivity ,GENDER inequality ,RESOURCE allocation - Abstract
It is a widely accepted fact that persistent inequality between men and women constrains a society's productivity and ultimately slows its rate of economic growth. The economy pays for this inequality in reduced labour productivity today and diminished national output tomorrow. Motivated by this, the study aim is to assess the possibilities of enhancing productivity gains by improving the efficiency of small-scale agriculture through gender-responsive intra-household allocation of resources in south-western Nigeria. The study adopts a stochastic parametric decomposition method which yields efficiency measures that are not distorted by statistical noise to estimate the efficiency level of resource allocation by small-scale cassava producers. The results indicate that average overall productive efficiency in the sample was 75.78 per cent, implying that small-scale cassava farmers in the sample could reduce total variable cost by 24.22 per cent if they reduce labour, fertilizer, land and capital applications to levels observed in the changing input mix (technical efficiency) and then obtain optimal input mix for the given input prices and technology (allocative efficiency). The average technical efficiency and allocative efficiency indexes for the sample were 82.2 per cent and 92.2 per cent respectively. Also, evidence from empirical analysis of data from the male respondents showed that the average economic, technical and allocative efficiency indexes were 88.06 per cent, 89.34 per cent and 78.67 per cent respectively while the same computed for the female sample were 94.9 per cent, 74.85 per cent and 71.03 per cent respectively. Labour was the most limiting factor in cassava production suggesting that the technologies that enhance the productivity of labour are likely to achieve significant positive effects on cassava production. The paper shares the notion that producers' control over the means of production and impact of development are related and has influence on the economic efficiency and growth of society. Again, technical inefficiency constituted a more serious problem than allocative inefficiency, thus most cost savings will accrue to improvement in technical efficiency. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
94. Stock Market Development and Economic Growth: Evidence from Côte D'Ivoire.
- Author
-
N'Zué, Félix Fofana
- Subjects
STOCK exchanges ,GROSS domestic product ,ECONOMIC development ,ECONOMIC indicators ,MARKETS - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2006
- Full Text
- View/download PDF
95. Macroeconomic Stabilization and Economic Growth: The Case of Uganda.
- Author
-
Feltenstein, Andrew and Sarangi, Sudipta
- Subjects
ECONOMIC stabilization ,ECONOMIC policy ,MACROECONOMICS ,ECONOMIC development - Abstract
This paper develops a computational general equilibrium model for analyzing some chronic economic problems facing developing countries. We build a multi-period model with multiple types of capital and three different financial assets. Moreover, capital is sector specific to capture the idea that many developing countries focus on a few specific industry groups. We model both rural and urban consumers with the possibility of rural-urban migration. One further modeling feature is a partially interdependent banking sector where the performance of, say, the agricultural bank can affect the functioning of the industrial bank. The model is used to examine problems of budgetary liquidity and alternative ways of alleviating these problems. Our analysis is applied to Uganda, a country that after years of economic decline is undergoing a phase of recovery and reform. Accordingly, we develop a model that captures some of the predominant institutional features of the Ugandan economy and evaluate two realistic reform scenarios. After calibrating the model with a base case scenario we test the implications of a simultaneous tariff reduction and increase in value added taxes. We then look at the implication of debt reduction. [ABSTRACT FROM AUTHOR]
- Published
- 2005
- Full Text
- View/download PDF
96. Financial Development and Economic Growth in Sub-Saharan African Countries: Evidence from Time Series Analysis.
- Author
-
Ghirmay, Teame
- Subjects
ECONOMIC development ,FINANCIAL performance ,FINANCE ,ECONOMICS - Abstract
This paper seeks to empirically explore the causal link between the level of financial development and economic growth in 13 sub-Saharan African countries. The empirical investigation is carried out in a vector autoregression(VAR) framework based on the theory of cointegration and error-correction representation of cointegrated variables. The results of the cointegration analysis provide evidence of the existence of a long-run relationship between financial development and economic growth in almost all(12 out of 13) of the countries. With respect to the direction of long-term causality, the results show that financial development plays a causal role on economic growth, again in eight of the countries. At the same time, evidence of bidirectional causal relationships is found in six countries. The findings imply that African countries can accelerate their economic growth by improving their financial systems. [ABSTRACT FROM AUTHOR]
- Published
- 2004
- Full Text
- View/download PDF
97. Determinants of Income Inequality and its Effects on Economic Growth: Evidence from African Countries.
- Author
-
Odedokun, M. O. and Round, Jeffery I.
- Subjects
INCOME inequality ,DISTRIBUTION (Economic theory) ,WEALTH ,ECONOMIC development ,EQUALITY - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2004
- Full Text
- View/download PDF
98. Determinants of Technical and Allocative Efficiency of Micro-enterprises: Firm-level Evidence from Nigeria.
- Author
-
Ajibefun, Igbekele A. and Daramola, Adebiyi G.
- Subjects
ECONOMIC development ,SMALL business ,BUSINESS enterprises ,NIGERIAN economy ,DEVELOPING countries - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2003
- Full Text
- View/download PDF
99. Building Capacity in Africa: The Impact of Institutional, Policy and Resource Factors.
- Author
-
Wubneh, Mulatu
- Subjects
ECONOMIC development ,ECONOMICS ,ECONOMIC policy ,DEVELOPMENT banks ,ECONOMIC conditions in Africa - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2003
- Full Text
- View/download PDF
100. Testing Kaldor's Growth Laws across the Countries of Africa.
- Author
-
Wells, Heather and Thirlwall, A. P.
- Subjects
ECONOMIC conditions in Africa ,INDUSTRIALIZATION ,ECONOMIC development ,ECONOMICS ,GROSS domestic product - Abstract
Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2003
- Full Text
- View/download PDF
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.