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A DSGE model approach to examining the impact of the Russian–Ukrainian War and oil shocks on the Moroccan economy African Development Review (IF 2.766) Pub Date : 2024-03-13 Abdelhamid Moustabchir, Hicham Ouakil, Hicham El Ouazzani, Houda Lechheb
This study explores the impact of oil shocks on the Moroccan economy using a dynamic stochastic general equilibrium (DSGE) model. The DSGE simulations reveal that these shocks, exacerbated by the war in Ukraine, led to a contraction in the output gap, consumption, investment, and savings, as well as increased inflation. These results highlight the vulnerability of the Moroccan economy to external shocks
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The story of dividend payment and corporate cash flow in Ghana African Development Review (IF 2.766) Pub Date : 2024-03-05 Benjamin Amoah
The thorny issue and contradictory conclusions on dividend payments and firm value are not ending any time soon. The existence of a divergence of findings in the literature suggests the need for further empirical studies on this subject matter. Therefore, this study focuses on how a firm's cash flow influences dividend payments in Ghana. Using data from 2015 to 2020, pooled ordinary least squares and
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Does institutional quality moderate the human capital–inequality dynamics? Comparative evidence from LAC and SSA countries African Development Review (IF 2.766) Pub Date : 2024-03-05 Bosede Ngozi Adeleye
Aligning with Sustainable Development Goal 10, this study probes whether quality institutions matter in the drive towards reducing income inequality through human capital. An unbalanced panel data on the Gini index (measure of income inequality), human capital index and institutional quality index drawn across 83 Latin America and sub-Saharan African (SSA) countries from 2010 to 2019 is used. For the
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Linking foreign direct investment to financial deepening: Evidence from sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2024-02-26 Osamede Success Abusomwan, John Norense Izevbigie
In this study, the nexus between Foreign Direct Investment (FDI) and financial deepening is critically examined. The study employed a robust dynamic panel cross-sectionally augmented distributed lag method for 31 countries in sub-Saharan Africa (SSA). The results reveal that: (1) a strong significantly positive long run impact of FDI on financial deepening exists; (2) real gross domestic product (GDP)
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Effects of economic freedom and ease of doing business on trade in global value chains: Evidence from sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2024-02-09 Badassa W. Chala
Inspired by the recent drastic shift in international trade from traditional to global value chains, this study analyzed the effects of economic freedom and ease of doing business on participation and position of sub-Saharan Africa in global value chains. Panel data from 41 sub-Saharan African countries from 2000 to 2018 were used. The study utilized a tobit estimator along with a fixed effects estimator
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Unveiling the drivers of Africa's digital financial inclusion journey African Development Review (IF 2.766) Pub Date : 2024-01-25 Zakaria Elouaourti, Aomar Ibourk
This study aimed to unveil the evolving landscape of digital financial inclusion in African countries during the post-COVID-19 era. We examined factors influencing the access and usage of digital financial services and identified population segments facing increased exclusion due to the digital divide. First, by applying principal component analysis to data collected at the country level from 39 African
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Effects of public infrastructural development and industrialization on economic complexity in Africa: Emerging insight from panel data analysis African Development Review (IF 2.766) Pub Date : 2024-01-22 Ekene ThankGod Emeka, Jonathan E. Ogbuabor, Emmanuel O. Nwosu
This study examined the effects of public infrastructural development and industrialization on economic complexity in Africa, and how industrialization is moderating the effect of public infrastructural development on economic complexity. The study adopted the pooled ordinary least squares, the dynamic system generalized method of moments and the dynamic bias-corrected least squares dummy variable
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Dépenses militaires et croissance économique dans l'UEMOA: une analyse des effets de seuil et des canaux de transmission African Development Review (IF 2.766) Pub Date : 2024-01-16 Nimonka Bayale, Babatunde Mohamed Sanny Gado, Niim-Bénoua Nahum Sambieni, Komla Kuma Esobiyu Tchala
Cet article détermine, à travers une approche non linéaire, le seuil de dépenses militaires compatible avec l'objectif de croissance économique. En appliquant un modèle de seuil endogène sur les données en panel des huit pays membres de l'UEMOA, sur la période 1995–2019, les estimations mettent en évidence l'existence d'un seuil de dépenses militaires estimé à 2,48% du PIB dans l'Union. Elles indiquent
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The impacts of Russia's invasion of Ukraine on the Kenyan economy: Evidence from an economy-wide model African Development Review (IF 2.766) Pub Date : 2024-01-08 Marcellin Ndong Ntah, Victor Nechifor, Emanuele Ferrari, Martin Wafula Nandelenga, Amsalu Woldie Yalew
Russia's invasion of Ukraine has disrupted the global supply chains of several globally traded commodities. The repercussions for many African countries are concerning. This study assesses the impact of Russia's invasion of Ukraine on the Kenyan economy using a computable general equilibrium model. The model is calibrated using a highly disaggregated social accounting matrix. The analysis particularly
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Terrorism and economic complexity in Africa: The unconditional impact of military expenditure African Development Review (IF 2.766) Pub Date : 2024-01-07 Ekene ThankGod Emeka, Jonathan E. Ogbuabor, Davidmac O. Ekeocha
Following the rising wave of terrorism in Africa, particularly in the last decade, this study investigated the effect of terrorism on economic complexity in the region as well as the moderating role of military expenditure in the terrorism–economic complexity relationship. A panel of 34 African economies was used over the period 2010–2021. The study also used the dynamic system generalized method of
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Growth, fiscal and welfare implications of trade liberalization in Africa: A macro-micro modeling assessment of the Senegalese economy African Development Review (IF 2.766) Pub Date : 2024-01-07 Mariam Amadou Diallo, Marijke D'Haese, Jeroen Buysse
The African Continental Free Trade Area (AfCFTA) has been hailed as a key pillar and catalyst for economic growth, industrialization, and sustainable development in Africa. One of the anticipated benefits is the promise to increase intra-African trade through the elimination of import duties and other tariffs among countries. However, due to the heterogeneity between the African countries, questions
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Government expenditure, informality, and economic growth: Evidence from Eastern and Southern African countries African Development Review (IF 2.766) Pub Date : 2024-01-04 Joseph Mawejje
This study investigates the dynamic linkages among government expenditure, informality, and economic growth in 15 Eastern and Southern African countries over a 25-year period during 1991–2015. The analysis exploits panel vector autoregressive models to construct the time path of one variable following an orthogonal shock to another variable using impulse response functions. The analysis is complemented
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Asymmetric effect of environmental tax on CO2 emissions embodied in domestic final demand in South Africa: A NARDL approach African Development Review (IF 2.766) Pub Date : 2023-12-29 Godwin Imo Ibe, Hillary Chijindu Ezeaku, Itiri Idam Okpara, Eze Festus Eze, Ebele Igwemeka, Obinna Ubani
Motivated by the pressing need to address environmental concerns, this study explores the relationship between environmental taxes and CO2 emissions embodied in domestic final demand in South Africa. The study uses a non-linear autoregressive distributed lag (NARDL) model to analyse the asymmetric impact of environmental taxes. Results indicate that environmental taxes have an asymmetric impact on
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A simulation of the macroeconomic effects of the Russia–Ukraine War on the Moroccan economy using the DSGE model African Development Review (IF 2.766) Pub Date : 2023-12-11 Hicham El Ouazzani, Hicham Ouakil, Abdelhamid Moustabchir
Russia's invasion of Ukraine has had significant global economic implications, disrupting trade flows and leading to a rise in oil prices that has affected world economies, including Morocco. The aim of this study is to assess the impact of these external shocks on the Moroccan economy using a dynamic stochastic general equilibrium (DSGE) model, which enables detailed analysis of the interactions between
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Effet global du genre dans le développement des chaînes de valeur mondiales dans le contexte africain African Development Review (IF 2.766) Pub Date : 2023-12-11 Kossi Edem Baita, Kwami Ossadzifo Wonyra
Cette étude examine l'effet global du genre dans le développement des chaînes de valeur mondiales (CVM) dans le contexte africain. Elle exploite la base de données de la CNUCED pour mesurer l'implication des femmes dans les chaînes de valeur mondiales à l'aide d'indices de participation des CVM à travers des données de panel des pays africains de 2000 à 2018. Les résultats montrent que le taux d'activité
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The fiscal effects of armed conflicts in Africa African Development Review (IF 2.766) Pub Date : 2023-12-11 Abel Ezeoha, Anthony Igwe, Chinwe Okoyeuzu, Chibuike Uche
This study examines the impact of armed conflicts on the fiscal capacity of African governments. It made use of a data set covering 1997–2021 for 50 countries, as well as the system dynamic generalized method of moment estimation technique. The results show that, in the short run, conflicts undermine tax revenue, mount pressure on military expenditure, and force governments to rely more on mineral
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Chocs pétroliers, effets potentiels de l'invasion de l'Ukraine par la Russie sur le solde budgétaire des économies africaines African Development Review (IF 2.766) Pub Date : 2023-12-04 Kirsi Zongo, Marcellin Ndong Ntah
Cet article analyse les effets de l'invasion de l'Ukraine par la Russie sur les économies africaines en se focalisant sur les effets induits par la hausse du prix de pétrole sur le solde budgétaire. L'étude a mobilisé les modèles VAR structurels et a porté sur six pays dont trois exportateurs et trois importateurs nets de pétrole en utilisant des séries temporelles sur la période 1980-2021 et une simulation
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Income–environmental nexus in Africa: The integrating role of renewable energy transition and governance quality African Development Review (IF 2.766) Pub Date : 2023-12-04 Paul Terhemba Iorember, Nora Yusma Mohamed Yusoff
The economies of the African countries are gradually expanding, but they mostly depend on fossil fuels for energy use. This exacerbates environmental damage, which renders the continent susceptible to the effects of climate change. Therefore, this study aims to examine the integrating role of renewable energy transition and governance quality in the income–environmental quality nexus in Africa. The
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Does financial development really spur industrialization in sub-Saharan African countries? African Development Review (IF 2.766) Pub Date : 2023-11-16 Somlanare Romuald Kinda, Relwendé Sawadogo
Industrialization constitutes one of the strategies of structural transformation in many sub-Saharan African (SSA) countries. In this paper, we re-examine the effect of financial development on the industrialization of 35 SSA countries over the period 1996–2018. Contrary to previous work, we formulate the hypothesis that there exists a threshold of financial development beyond which financial development
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Trade–peace conundrum in Africa: The moderating effects of poverty and inequality African Development Review (IF 2.766) Pub Date : 2023-11-13 Hauwah K. K. Abdulkareem, Sodiq Olaiwola Jimoh, Ebenezer Olubiyi
This paper examines the trade–peace nexus in Africa and ascertains how poverty and inequality tilt the relationship in the eight regional (economic) blocs in Africa, viz. the Arab Maghreb Union (UMA), the Common Market for Eastern and Southern Africa (COMESA), the Community of Sahel–Saharan States (CEN–SAD), the East African Community (EAC), the Economic Community of Central African States (ECCAS)
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L'impact de la crise russo-ukrainienne sur les marchés financiers africains African Development Review (IF 2.766) Pub Date : 2023-11-08 Florent Kanga Gbongue, Cyrille Gueï Okou, Cédric Mbeng Mezui
Les effets de la crise russo-ukrainienne sur le capital-risque marché au sens de Bâle II/III, sont quantifiés pour près de 87% de la capitalisation boursière du continent. Notre méthodologie combine le modèle ARMA-GJR-GARCH, la théorie des valeurs extrêmes (TVE), la théorie des copules et la simulation, afin de capter les distributions conditionnelles des rendements. Nos résultats révèlent que la crise
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Technologies de l'Information et de la Communication et exportation des entreprises manufacturières en Afrique Centrale African Development Review (IF 2.766) Pub Date : 2023-11-06 Ariel Herbert Fambeu, Patricia Tchawa Yomi
Cette étude examine l'effet des technologies de l'information et de la communication (TIC) sur les exportations des entreprises en Afrique Centrale. Nous utilisons les données d'enquêtes de la Banque Mondiale sur les entreprises manufacturières dans 42 pays d'Afrique, afin de faire des comparaisons entre l'Afrique Centrale et d'autres régions d'Afrique. Les estimations proviennent des modèles probit
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Does social media drive remittances in Africa? African Development Review (IF 2.766) Pub Date : 2023-10-30 Bruno Emmanuel Ongo Nkoa, Jacques Simon Song, Blaise Ondoua Beyene, Georges Ngnouwal Eloundou
Social media in Africa has grown considerably over the past two decades and has fueled an extremely abundant literature. In this article, we examine their effects on remittances observed from a sample of 50 African countries. To achieve this, we specify and estimate a panel data model using the system generalized method of moments over the period 2009–2019. Our results show that social media, approximated
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Vaccination, treatment and containment policy to reduce the effects of the COVID-19 pandemic in Morocco African Development Review (IF 2.766) Pub Date : 2023-10-17 Abdelhamid Moustabchir, Hicham Ouakil
This paper presents a susceptible–exposed–infected–quarantined–removed (SEIQR) dynamic stochastic general equilibrium model to evaluate the macroeconomic effects of the current COVID-19 pandemic. The SEIQR configuration setting is calibrated using COVID-19 data from Morocco. Using the model, we demonstrate how the pandemic might lead to declining consumption and productivity. We illustrate that a combination
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Determinants of intra-COMESA trade in services African Development Review (IF 2.766) Pub Date : 2023-10-11 Socrates K. Majune, Judy K. Kaaria, Evelyne N. Kihiu
This paper analyzes intra-Common Market for Eastern and Southern Africa (COMESA) trade in services by establishing its determinants and exploring the role of trade facilitation on the same. The study relies on the Poisson Pseudo Maximum Likelihood (PPML) estimator of the gravity model on bilateral services trade data for total services and eight categories of services in 17 COMESA countries from 2005
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Technological advancement and regulatory quality African Development Review (IF 2.766) Pub Date : 2023-10-08 Jiahao Shen, Runze Liu, Yanling Lin, Ridwan Lanre Ibrahim
This study investigates the intervening role of technological innovation and regulatory quality in the financial sector–sustainable economic growth nexus in accordance with SDG-8 in 38 sub-Saharan African (SSA) countries from 1996 to 2020. The empirical model endogenizes government expenditure, structural change, foreign direct investment, and human capital as covariates. The study verifies and examines
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Responsabilité sociale, Performance financière et Durabilité environnementale: Étude de l'effet médiateur de l'innovation managériale et modérateur de la structure industrielle: cas des entreprises manufacturières Tunisiennes African Development Review (IF 2.766) Pub Date : 2023-09-08 Lamia Kalai
Avec le développement de l'industrialisation, les préoccupations environnementales constituent un défi important pour les entreprises industrielles. Notre étude a pour objectif d'étudier la relation entre les stratégies managériales socialement responsables, la durabilité environnementale et la performance financière sur un échantillon constitué de 60 entreprises industrielles tunisiennes sur la période
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Does financial development contribute to the achievement of the “Zero Hunger” goal in Africa? African Development Review (IF 2.766) Pub Date : 2023-08-31 Gaël Fokam, Sosson Tadadjeu, Brice Kamguia, Ronald Djeunankan
This study examines the effects of financial development on undernourishment with panel data from 40 African countries. We show that financial development in all its dimensions reduces undernourishment. In addition, financial development, financial institutions, the financial market, and financial market depth reduce child stunting. We also identify education, health expenditure, access to electricity
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Short- and long-run impacts of gasoline price and macroeconomic factors on road traffic safety in Nigeria African Development Review (IF 2.766) Pub Date : 2023-08-28 Yingigba C. Akinyemi
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
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Financial dualism: An analysis of the effects of informal finance on formal finance in West African Economic and Monetary Union (WAEMU) countries African Development Review (IF 2.766) Pub Date : 2023-08-28 Moussa Coulibaly, Gnanderman Sirpe
This paper analyzes the effects of informal finance on formal finance in West African Economic and Monetary Union (WAEMU) countries. To this end, it uses a Probit model with a binary endogenous regressor and data from the Global Findex database, 2021. The findings indicate that having already saved informally positively affects the behavior of individuals to save formally. They also indicate that informal
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Impact of financial development on domestic investment: Evidence from West African countries African Development Review (IF 2.766) Pub Date : 2023-08-28 Yaya Keho
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
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Effects of remittances on food security in sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-07-27 Lankoande Lamoussa Seydou
The objective of this research was to analyze the effects of remittances on food security in sub-Saharan Africa (SSA), while assessing the role of governance. The analyses covered a panel of 26 SSA countries over the period from 2002 to 2017. Based on the double least squares method, two main results were obtained. On the one hand, remittances have a positive effect on overall food security and on
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Financial openness, financial sector development, and income inequality: With an extensive set of pull and push factors African Development Review (IF 2.766) Pub Date : 2023-07-26 Biruk Birhanu Ashenafi, Yan Dong
This paper investigates the impact of financial openness on financial sector development and income inequality. We use the de jure and de facto measures of financial openness across 78 countries from 1980 to 2019. By employing a system generalized method of moments (GMM) with 5-year averaged data and a novel push and pull modeling framework, we obtain three key results. First, the de jure measure of
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Effect of bilateral and multilateral concessional debts on public investment in Africa: A contingency analysis African Development Review (IF 2.766) Pub Date : 2023-07-23 Hillary Chijindu Ezeaku, David Okelue Ugwunta, Godwin Imo Ibe, Ebele Igwemeka, Eze Festus Eze, Obiamaka P. Egbo
The purpose of this paper is to evaluate the relative influence of bilateral and multilateral concessional debts on public investment in 32 sub-Saharan African countries over the period 1985–2020. Dynamic panel autoregressive distributed lag models comprising the mean group, pooled mean group and dynamic fixed effect estimators were employed in our model estimations. The results revealed that bilateral
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Effects of financial inclusion on tax revenue mobilization: Evidence from WAEMU countries African Development Review (IF 2.766) Pub Date : 2023-07-23 Milly Chepkorir Chebochok, Nimonka Bayale
Financial inclusion remains at the heart of governments concerns. By creating favorable conditions for access to a diversified range of adapted financial products and services at affordable costs for the populations, financial inclusion generates important opportunities that could lead to increased tax revenue mobilization. This paper analyzes the effects of financial inclusion on tax revenue mobilization
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Access to paved roads, gender, and youth unemployment in rural areas: Evidence from sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-07-20 Patrick Marie Nga Ndjobo, Yves André Abessolo
The poor development of road infrastructure is one of the main obstacles to economic activity and therefore to employment in rural areas of sub-Saharan Africa (SSA). Using cross-sectional data from 31 SSA countries, this study examines, from a gender perspective, the effect of access to paved roads on youth unemployment in rural areas in the region. The seemingly unrelated bivariate probit framework
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Financial stability gap and private investment nexus: Evidence from sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-07-20 Evans Kulu
The illiquidity status of financial institutions widens up the financial stability gap, hence affecting other economic agents that depend on the financial sector. The objective of the study is to determine how the financial stability gap affects private investment in sub-Saharan Africa (SSA). Annual time series secondary data from 33 SSA countries for the period 2007–2018 was used. Using the general
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Information sharing offices and economic growth in sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-07-20 Oliver Asiamah, Samuel Kwaku Agyei
Although credit availability is essential for economic growth, the information asymmetry problem inhibits the credit creation function of financial institutions. Among other means, information-sharing offices (ISOs) have been established, including private credit bureaus and public credit registries to provide information on the financial characteristics of citizens to reduce information asymmetry
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Broadband use and trade facilitation: Impacts on bilateral trade of sub-Saharan countries African Development Review (IF 2.766) Pub Date : 2023-07-16 Margarita Billon, Antonio Rodríguez-Andrés, Ernesto Rodríguez-Crespo
This paper investigates the direct and combined impacts of trade facilitation and information and communication technology (ICT) on bilateral flows of 25 sub-Saharan countries. For that purpose, we select time to export and import as specific trade facilitation indicators and broadband use to study ICT impacts. Our sample covers a total of 93 countries over the period 2004–2018. By preprocessing data
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Ease of doing business and investment among West African countries African Development Review (IF 2.766) Pub Date : 2023-07-10 Victor Ushahemba Ijirshar, Joshua Kpelai Nomkuha, Benjamin Bem Bura, Joseph Tarza Sokpo, Mlumun Queen Ijirshar
This study assessed the link between ease of doing business (EBD) and investment among 11 selected countries in West Africa covering 2006–2020. The study used the fixed-effects estimator, the random-effects estimator, the augmented mean-group method, and the Half-Panel Jackknife Wald-type test. The study found a bidirectional relationship between the EBD and foreign direct investment (FDI) and a unidirectional
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Financial development, institutions and industrialization in sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-07-09 Serigne Bassirou Lo, Lassana Cissokho
Using a panel data covering more than 100 countries worldwide, we have estimated a dynamic panel model to investigate the relationship between financial development and manufacturing industries’ growth. More specifically, we have estimated the effect that institutional quality might have in this relationship in sub-Saharan Africa (SSA). The results show that lower quality institutions in SSA are a
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Corrigendum African Development Review (IF 2.766) Pub Date : 2023-05-09
Corrigendum to “Analysis of tax effort in WAEMU: How important are institutional/administrative reforms?” Diabaté, N., & Koffi, M. V. (2023). Analysis of tax effort in WAEMU: How important are institutional/administrative reforms? African Development Review, 35(1), 1–10. https://doi.org/10.1111/1467-8268.12680 The corresponding author's name has been corrected.
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Does infrastructural development foster export upgrading in Africa? African Development Review (IF 2.766) Pub Date : 2023-03-20 Brice Kamguia, Manuella Ndjakwa, Sosson Tadadjeu
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
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Is the relationship between bank stability, competition, and intervention quality nonlinear? Evidence from North African countries African Development Review (IF 2.766) Pub Date : 2023-03-17 Ines Ghazouani, Nadia Basty
This paper highlights the existence of a nonlinear relationship between bank stability and competition and analyzes the role that government intervention plays in shaping this relationship. We used a sample of 45 banks in North African countries over the period 2005–2019. We applied a semiparametric approach based on penalized spline estimation. The results unveil the specific shape of the competition–stability
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The effect of the informal economy on bilateral exports from sub-Saharan African countries African Development Review (IF 2.766) Pub Date : 2023-03-15 Boker Poumie, Edmond Noubissi Domguia, Borice Augustin Ngounou, Thierry Messie Pondie, Joseph Nzomo Tcheuta
The purpose of this study is to analyse the impact of the informal economy on bilateral exports in sub-Saharan African countries. We use a gravity model, to which we add indicators of the informal economy and indicator variables for different economic regions. The study used Pseudo-Poisson Maximum Likelihood (PPML) and Heckman estimation techniques on data from the period 2002–2018. The results show
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Analyse de l'effet empirique de l'intégration économique sur la croissance sectorielle en Afrique Subsaharienne: quelle implication de la gouvernance? African Development Review (IF 2.766) Pub Date : 2023-03-15 Kossi Ayenagbo
L'objectif de ce papier est d'analyser le rôle de la gouvernance dans la relation entre l'intégration économique et la croissance sectorielle en Afrique Subsaharienne. L'approche économétrique est basée sur un modèle de panel dynamique de 33 pays d'Afrique Subsaharienne et plus spécifiquement sur les pays de l'UEMOA couvrant la période de 2002 à 2019. L'estimateur de la méthode des moments généralisés
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Gender inequality in asset ownership and women's food security in sub-Saharan Africa African Development Review (IF 2.766) Pub Date : 2023-02-28 Patrick Marie Nga Ndjobo
Unequal asset rights remain an important driver of gender inequality and food insecurity in sub-Saharan Africa (SSA). Using cross-sectional data from 31 SSA countries, this study examines the effect of gender inequality in asset ownership on women's food security in the region. The seemingly unrelated (SUR) bivariate probit framework has been adopted in analysing the data. This approach is used for
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Analysis of tax effort in WAEMU: How important are institutional/administrative reforms? African Development Review (IF 2.766) Pub Date : 2023-02-28 Nahousé Diabate, Mounoufié V. Koffi
This paper examines, in depth, the hypotheses explaining the tax effort of seven West African Economic and Monetary Union (WAEMU) countries over the period 1996–2018. The studies of Karakaplan and Kutlu were applied to the stochastic tax frontier model. This provides a new method for analyzing tax effort that solves potential endogeneity problems, especially those of income. This study confirms the
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Effet du changement climatique sur la production vivriere au Togo African Development Review (IF 2.766) Pub Date : 2022-12-18 Manamboba Mitélama Balaka, Koffi Yovo
This paper analyzes the effects of climatic variables on food crop yields at the prefectural level from 1996 to 2016 in Togo. Using the panel-corrected standard errors method and panel data from departments in charge of agricultural statistics and meteorology, the results show that meteorological variables have various effects on food crops yields, but the negative effects are dominant. In addition
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Macroeconomic implications of escalating stock of public debt: Evidence from sub-Saharan African economies African Development Review (IF 2.766) Pub Date : 2022-12-01 Olumide Olusegun Olaoye, Mosab I. Tabash, Olatunde Julius Omokanmi, Rotimi Ayoade Ogunjumo, Matthew Oyeleke Ojelade, James A. Ishola
The study investigated the effect of public debts on macroeconomic indicators, such as inflation and the exchange rate, using a panel of 25 sub-Saharan African (SSA) economies. The study contributed to extant studies by looking at the separate effect of domestic and foreign debts on inflation and exchange rate. We adopted a battery of econometric tools such as the Driscoll–Kraay standard errors and
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Does the diffusion of information and communication technologies affect the shadow economy in Africa? African Development Review (IF 2.766) Pub Date : 2022-11-27 Melingui Bate Adalbert Abraham Ghislain
This paper aims to analyze the effect of information and communication technology (ICT) diffusion on the shadow economic activities in Africa for the period from 2000 to 2015. To this end, we use a panel data model on a sample of 48 countries. The results obtained show that the diffusion of ICTs, especially mobile telephony and the Internet, negatively and significantly affect the size of the shadow
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The employment effects of intra-African exports African Development Review (IF 2.766) Pub Date : 2022-10-26 Boker Poumie, Herve Kaffo Fotio, Guy P. Dazoue Dongue
The establishment of the continental free trade area in Africa is an important step forward for the creation of a market of significant size in a context of sluggish job creation. This study examines the effects of intra-African exports on aggregate and sectoral employment using the fixed-effects model with Driscoll-Kraay standard errors. The data covers 44 African countries over the period 1995–2018
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Effet du mobile money sur la résilience des ménages exerçant des activités génératrices de revenus au Cameroun African Development Review (IF 2.766) Pub Date : 2022-10-26 Gregory Mvogo, Christèle Gladisse Awounang Djouaka
Partant d'une enquête réalisée en mai 2020 auprès de 1136 ménages au Cameroun, cet article évalue l'effet du mobile money sur les ménages exerçant des activités génératrices de revenus. Les résultats obtenus, par l'estimation d'un modèle de probabilité linéaire à variables instrumentales, montrent que le mobile money permet aux ménages, pour ce qui est des chocs économiques, de faire face aux tensions
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Sub-Saharan Africa's debt-financed growth: How sustainable and inclusive? African Development Review (IF 2.766) Pub Date : 2022-10-18 Olumide Olusegun Olaoye
Sub-Saharan African (SSA) countries recorded impressive economic growth in the last two decades. The question however is, how inclusive and sustainable is this growth? With this in mind, this study examined the sustainability and inclusiveness of economic growth in a panel of 44 SSA countries, over a period of 38 years, while taking into account the diversity of the continent's institutional quality
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Oil price dynamics and firms' stock returns in the Nigeria stock market African Development Review (IF 2.766) Pub Date : 2022-10-12 Stanley Uche Akachukwu
Existing studies have investigated the impact of oil price risk (OPR) on firms' stock returns (FSRs) at the aggregate level; little attention has been devoted to firms' stock returns (FSRs) given the firm's size. This study was designed to investigate the effects of OPR on FSRs while considering the sizes of these firms in Nigeria. A nonlinear autoregressive distributed lag econometric model that captures
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Impact assessment of job reallocation on unemployment in Morocco: An ARDL approach African Development Review (IF 2.766) Pub Date : 2022-10-07 Asmae Beladel, Radouane Raouf
This paper investigates the impact of the sectoral reallocation of labor on unemployment in Morocco. Using the Lilien index for job reallocation, we estimate an autoregressive distributed lag model using quarterly data between 2001 and 2019. The analysis yielded two key findings. In the short run, job reallocation raises unemployment, which can be attributed to the inadequacy of the quantity of newly
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The impact of technological innovations on financial deepening: Implications for SME financing in Africa African Development Review (IF 2.766) Pub Date : 2022-10-06 Bahati Sanga, Meshach Aziakpono
This paper examines whether technological innovations such as information and communication technology infrastructure, mobile phone subscriptions, secure internet servers and the number of automated teller machines and bank branches increased financial deepening in 43 African countries for the period 2010–2019. The study employs panel corrected standard errors, fixed effects and quantile regressions