{"title":"Analysis of the determinants of foreign direct investment flows in Waemu countries","authors":"Yélé Maweki Batana","doi":"10.4314/AJEP.V11I2.24253","DOIUrl":"https://doi.org/10.4314/AJEP.V11I2.24253","url":null,"abstract":"One of the problems which Sub-Saharan African countries are confronted with is low levels of investment. Yet, the theory of growth tells us that it is impossible to consider development without a substantial accumulation of capital. An important channel through which these countries can solve the problem is to resort to foreign direct investment (FDI). This paper, using dynamic panel data, sets out to identify the main determinants of the flows of foreign investment in countries of the WAEMU. The estimation mainly based on Arellano and Bond (1991) GMM estimator suggests that the domestic investment, the literacy rate, the openness degree and the lagged foreign investment are relevant in the explanation of foreign investment flows in these countries. African Journal of Economic Policy Vol. 11(2) 2004: 27-48","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130629528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Money supply mechanisms in Nigeria","authors":"O. Ogun, A. Adenikinju","doi":"10.4314/AJEP.V11I2.24254","DOIUrl":"https://doi.org/10.4314/AJEP.V11I2.24254","url":null,"abstract":"This study investigates the process of money supply mechanism in Nigeria in order to provide an explanation for the inflationary acceleration in money supply that occurred in the period 1970 to 1989. The initial double-digit inflation was found to have originated from the rapid growth in the external sector as a result of the oil export boom of the 1970s. The monetary authorities largely monetized the export receipts in order to finance a greater level of economic activities. The government then followed the monetization policy with a real bills doctrine, the success of which was ensured by the generous lending stance of central bank. African Journal of Economic Policy Vol. 11(2) 2004: 49-72","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133910459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
O. Alaba, O. Alaba, F. Ogwumike, Babatunde A. Alayande, C. Okojie
{"title":"Dimensions and determinants of income inequality in the Nigerian labour market","authors":"O. Alaba, O. Alaba, F. Ogwumike, Babatunde A. Alayande, C. Okojie","doi":"10.4314/AJEP.V12I1.24248","DOIUrl":"https://doi.org/10.4314/AJEP.V12I1.24248","url":null,"abstract":"","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128526624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Technical efficiency and returns to scale in agriculture: the case of Arabica coffee producers in Cameroon","authors":"A. Nchare","doi":"10.4314/AJEP.V12I1.24250","DOIUrl":"https://doi.org/10.4314/AJEP.V12I1.24250","url":null,"abstract":"","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"171 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133334140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Is the Human Development Index (HDI) of the United Nations Development Programme (UNDP) a relevant indicator","authors":"J. C. Saha","doi":"10.4314/AJEP.V12I1.24247","DOIUrl":"https://doi.org/10.4314/AJEP.V12I1.24247","url":null,"abstract":"","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124223372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Poverty and malnutrition in Cameroon","authors":"S. Fambon","doi":"10.4314/AJEP.V11I2.24256","DOIUrl":"https://doi.org/10.4314/AJEP.V11I2.24256","url":null,"abstract":"Over the past decades, child malnutrition has persisted at high rates in many developing countries including Cameroon. This research attempts to evaluate the levels and characteristics of the malnutrition affecting children in Cameroon by using the anthropometrics data gathered during the 1998 Demographic Health Survey (DHS) in the country. The research also uses the 1998 DHS to highlight the main factors affecting child malnutrition, by estimating a reduced form nutritional status function which includes among others children's characteristics, those of their mothers, and the environment as independent variables. Child malnutrition is expressed in terms of Z-score height-for-age, Z-score weight-for-height, and the Z-score weight-for-age. Some policy implications are derived from the results of the study. African Journal of Economic Policy Vol. 11(2) 2004: 93-134","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123255089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fiscal reforms and income inequalities in Senegal and Burkina Faso: a comparative study","authors":"Mbaye Diene","doi":"10.4314/AJEP.V11I2.24255","DOIUrl":"https://doi.org/10.4314/AJEP.V11I2.24255","url":null,"abstract":"There have been income and welfare redistribution in Burkina Faso and Senegal occasioned by fiscal reforms undertaken within the context of the WAEMU, where a unique VAT tax and common tariffs harmonization were adopted. The measure of redistributive effects and the costs of the horizontal inequality generated by the new taxations shows that, although the reforms are deemed positive for both countries, Burkina Faso benefited more. This is mainly explained by the relatively important place of fiscal evasion, with the self-consumption and the informal sector, and by the fact that most of the goods consumed by the poor households are not liable to taxation. The performances of tax systems have been improved, with an appreciable reduction in inequality in the two countries, particularly for Burkina Faso. The excess fiscal revenues generated from taxation are more important after the reform for both Senegal and Burkina Faso. African Journal of Economic Policy Vol. 11(2) 2004: 73-92","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129711795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fiscal Policy and Income Distribution: Some Policy Options for Nigeria","authors":"B. Obi, D. Busari","doi":"10.4314/AJEP.V10I1.24244","DOIUrl":"https://doi.org/10.4314/AJEP.V10I1.24244","url":null,"abstract":"","PeriodicalId":162902,"journal":{"name":"African Journal of Economic Policy","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130047966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}