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Openness And Economic Performance In Selected Sub Saharan African Countries
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Book Synopsis Openness and Economic Performance in Selected Sub-Saharan African Countries by : Ogede Jimoh Sina
Download or read book Openness and Economic Performance in Selected Sub-Saharan African Countries written by Ogede Jimoh Sina and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a lack of strong empirical evidence on the relationship between openness and economic performance largely due to problems associated with the measurement of trade policy openness and analytical methods. This paper uses more appropriate policy based measures of openness since the most countries of Sub-Saharan Africa have made substantial changes over the last decade. The study examines the hypothesis that increased openness improves economic performance holds for selected Sub-Saharan Africa as a subgroup among developing countries for the period of 2000-2009. Equally, the study examines the extent at which Sub-Saharan Africa Countries has participated in the global economy using various indicators of economic integration and macroeconomic variables. Empirical analysis is carried out using panel data with Generalized Least Square Method (GLS) to measure the impact of Openness on the Economic Performance of selected countries in sub-Saharan Africa. The result of the finding shows the evidence of a positive link between openness and performance, surprisingly robust using the trade dependency ratio as a measure of openness, to different periods, and to the inclusion of other policy variables. The relationship is especially strong in fixed-effect estimates that use annual panel data with country dummies to capture unobserved country-specific differences. Thus, the size and significance of the openness coefficients do not change when one controls for macroeconomic performance.
Book Synopsis Openness and Economic Performance in Sub-Saharan Africa by : Kazi M. Matin
Download or read book Openness and Economic Performance in Sub-Saharan Africa written by Kazi M. Matin and published by World Bank Publications. This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The nexus between institution and stochastic growth in selected Sub-Saharan African countries. Evidence from dynamic panel data analysis by : Derese Kebede Teklie
Download or read book The nexus between institution and stochastic growth in selected Sub-Saharan African countries. Evidence from dynamic panel data analysis written by Derese Kebede Teklie and published by GRIN Verlag. This book was released on 2017-03-07 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2016 in the subject Business economics - General, grade: Excellent, , course: Development Economics, language: English, abstract: Sub Saharan Africa economic growth shows a stochastic growth performance in which highly interrelated with faulty and fragile governance problems associated in the region. Accordingly, this thesis examines the contribution of formal institution explained by aggregated index for the six governance clusters measured by World Governance Indicator and individual level of each indicator on the stochastic growth behavior of selected SSA countries using data from forty two SSA countries over a period of 1996 to 2014. To examine the impact of institution and level of good governance, the study employed Arellano-Bond (1991) and Arellano-Bover (1995) dynamic panel generalized method of moments (GMM) technique of estimation. The estimated result suggested that variables such as foreign aid, public investment, consumption, imported capital good, inflation, control of corruption, rule of law, voice and accountability, political stability, government effectiveness, regulatory quality and the aggregate index governance measures (institution) are significant and positively contribute to stochastic growth performance in the region across each models. On the other hand, outward trade policy negatively contributes to SSA Stochastic growth behavior. In addition, the study surprisingly resulted that though foreign direct investment has no significant contribution in the study period its impact is negative in the region. A major policy implication arising from the results is that the advancement of institution and individual level of good governance are fundamental to the realization of sustained economic growth in SSA.
Book Synopsis African Economic Development by : Christopher Cramer
Download or read book African Economic Development written by Christopher Cramer and published by Oxford University Press. This book was released on 2020 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book challenges conventional wisdoms about economic performance and possible policies for economic development in African countries. Its starting point is the striking variation in African economic performance. Unevenness and inequalities form a central fact of African economic experiences. The authors highlight not only differences between countries, but also variations within countries, differences often organized around distinctions of gender, class, and ethnic identity. For example, neo-natal mortality and school dropout have been reduced, particularly for some classes of women in some areas of Africa. Horticultural and agribusiness exports have grown far more rapidly in some countries than in others. These variations (and many others) point to opportunities for changing performance, reducing inequalities, learning from other policy experiences, and escaping the ties of structure, and the legacies of a colonial past. The book rejects teleological illusions and Eurocentric prejudice, but it does pay close attention to the results of policy in more industrialized parts of the world. Seeing the contradictions of capitalism for what they are - fundamental and enduring - may help policy officials protect themselves against the misleading idea that development can be expected to be a smooth, linear process, or that it would be were certain impediments suddenly removed. The authors criticize a wide range of orthodox and heterodox economists, especially for their cavalier attitude to evidence. Drawing on their own decades of research and policy experience, they combine careful use of available evidence from a range of African countries with political economy insights (mainly derived from Kalecki, Kaldor and Hischman) to make the policy case for specific types of public sector investment"--
Book Synopsis African Economic Development by : Christopher Cramer
Download or read book African Economic Development written by Christopher Cramer and published by Oxford University Press. This book was released on 2020-06-10 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Unevenness and inequalities form a central fact of African economic experiences. This book challenges conventional wisdoms about economic performance and possible policies for economic development in African countries, using the striking variation in economic performance as a starting point. African Economic Development: Evidence, Theory, and Policy highlights not only difference between countries, but also variation within countries. It focuses on issues relating to gender, class, and ethnic identity, such as neo-natal mortality, school dropout, and horticultural and agribusiness exports. Variations in these areas point to opportunities for changing perfomance, reducing reducing inequalities, learning from other policy experiences, and escaping the ties of structure and the legacies of a colonial past. African Economic Development rejects teleological illusions and Eurocentric prejudice, criticizing a range of orthodox and heterodox economists for their cavalier attitude to evidence. Instead, it shows that seeing the contradictions of capitalism for what they are - fundamental and enduring - may help policy officials protect themselves against the misleading idea that development can be expected to be a smooth, linear process, or that it would be if certain impediments were removed. Drawing on decades of research and policy experience, this book combines careful use of available evidence from a range of African countries with economic insights to make the policy case for specific types of public sector investment.
Book Synopsis Financial Deepening, Economic Growth, and Development by : John E. Udo Ndebbio
Download or read book Financial Deepening, Economic Growth, and Development written by John E. Udo Ndebbio and published by . This book was released on 2004 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Growth and Poverty in Sub-Saharan Africa by : Channing Arndt
Download or read book Growth and Poverty in Sub-Saharan Africa written by Channing Arndt and published by Oxford University Press. This book was released on 2016-04-14 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. While the economic growth renaissance in sub-Saharan Africa is widely recognized, much less is known about progress in living conditions. This book comprehensively evaluates trends in living conditions in 16 major sub-Saharan African countries, corresponding to nearly 75% of the total population. A striking diversity of experience emerges. While monetary indicators improved in many countries, others are yet to succeed in channeling the benefits of economic growth into the pockets of the poor. Some countries experienced little economic growth, and saw little material progress for the poor. At the same time, the large majority of countries have made impressive progress in key non-monetary indicators of wellbeing. Overall, the African growth renaissance earns two cheers, but not three. While gains in macroeconomic and political stability are real, they are also fragile. Growth on a per capita basis is much better than in the 1980s and 1990s, yet not rapid compared with other developing regions. Importantly from a pan-African perspective, key economies-particularly Kenya, Nigeria, and South Africa-are not among the better performers. Looking forward, realistic expectations are required. The development process is, almost always, a long hard slog. Nevertheless, real and durable factors appear to be at play on the sub-continent with positive implications for growth and poverty reduction in future.
Book Synopsis The Political Economy of Economic Performance by : Voxi Heinrich Amavilah
Download or read book The Political Economy of Economic Performance written by Voxi Heinrich Amavilah and published by Rowman & Littlefield. This book was released on 2020-05-28 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extant research continues to perpetuate a myth of Sub-Saharan African countries (SSACs) as ever stuck in the past and with incurable growth maladies. However, during the years just before the great global recession some of these countries performed better than countries in other regions. What explains this turnaround? How can it be ignited everywhere in the region and made to stick? The Political Economy of Economic Performance is among a few competitors that celebrate the successes of the region and argue for the positive economics of performance of at least some countries. Organized around two themes which are pursued in six chapters, the book provides a comprehensive, balanced, and thorough analysis of the factors and forces behind the unusually good performance of SSACs just before the great global recession, and shows that there is a way forward for them. The book makes a significant contribution to both policy and research, because while its structure is scholarly and logical, with a writing style that is coherent and easily understandable to all interested readers worldwide.
Book Synopsis The Prospects for Sustained Growth in Africa by : Simon Johnson
Download or read book The Prospects for Sustained Growth in Africa written by Simon Johnson and published by International Monetary Fund. This book was released on 2007-03 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems-broad institutions, macroeconomic stability, trade openness, education, and inequality-may not now be binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate-especially the need to avoid overvaluation.
Book Synopsis Regional Integration in Sub-Saharan Africa by : Faezeh Foroutan
Download or read book Regional Integration in Sub-Saharan Africa written by Faezeh Foroutan and published by . This book was released on 1992 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth and Income Inequality by : Tiyezye Kapila
Download or read book Economic Growth and Income Inequality written by Tiyezye Kapila and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Informal Economy in Sub-Saharan Africa by : Leandro Medina
Download or read book The Informal Economy in Sub-Saharan Africa written by Leandro Medina and published by International Monetary Fund. This book was released on 2017-07-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.
Book Synopsis Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa by : Raju Singh
Download or read book Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa written by Raju Singh and published by . This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.
Book Synopsis Openness and Growth in Sub-Saharan Africa by : Aliyu Rafindadi Sanusi
Download or read book Openness and Growth in Sub-Saharan Africa written by Aliyu Rafindadi Sanusi and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents empirical evidence from a cross-section sample of thirty six Sub-Saharan African countries and time-series sample of selected seven. The evidence suggests that countries in the region that open generally tend to grow faster than those that are closed. However, the country-case study suggests that whether a particular country experiences higher output growth as it “opens up” is contingent upon its own peculiarities.
Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura
Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Book Synopsis US Foreign Direct Investments and Economic Growth in Sub-Saharan Africa by : Sunando Sengupta
Download or read book US Foreign Direct Investments and Economic Growth in Sub-Saharan Africa written by Sunando Sengupta and published by . This book was released on 2016 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses panel data for the period ranging from 1996 to 2013 to investigate the contribution of US foreign direct investment to economic growth in fourteen Sub-Saharan African Countries. We apply the fixed and random effects model as well as the Generalized Method of Moments model to estimate two different equations. In the first equation, capital stock is estimated to include US foreign direct investments for selected years while the second equation excludes US direct investment from the capital stock variable. The results of the estimations revealed that domestic capital significantly affect economic growth in these countries but found no discernible evidence that US FDI have any direct impact on economic growth in the host countries. The results also found significant effect of political stability and openness on the growth of Sub Saharan African countries. The implication of these findings is that the region can promote economic growth by mobilizing domestic resources, ensuring that there is political stability and opening their economies to external competition.
Book Synopsis The Impact of Financial Liberalisation on the Economic Performance of Selected Countries in Sub-Saharan Africa by : Babajide Fowowe
Download or read book The Impact of Financial Liberalisation on the Economic Performance of Selected Countries in Sub-Saharan Africa written by Babajide Fowowe and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
