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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]

This paper reflects critically on the potential of four parallel ethical gold certification schemes to empower people engaged in poverty-driven artisanal and small-scale mining (ASM) activities in sub-Saharan Africa. It reviews the literature on empowerment to broaden understanding of which groups of miners these certification schemes are targeting and capable of supporting. The industry-led schemes implemented to date seem ideally-suited for multinational companies, whilst NGO-led schemes appear neither capable of breaking down the institutional structures that marginalise ASM operators nor readily adaptable to the African context. No scheme seems truly focused on – and capable of – empowering miners who are suffering extreme hardship and struggling to accumulate earnings. None of the ethical gold certification schemes reviewed here appears capable of sufficiently altering the social dimensions of power, agency and the institutional environment needed in order to empower artisanal and small-scale miners. [ABSTRACT FROM AUTHOR]

In this article the author examines the role played by Pentecostal churches in sub-Saharan Africa. At issue is the impact of evangelical religion on the process of modernization and economic development in the region. The central focus of the study is an examination of Pentecostalism as a supporter of economic development and the change in cultures. The paper examines the role of theology and its impact on civil society and the impact of religious practices on the development of economic features.

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]