African Development Review-Revue Africaine De Developpement最新文献_第2页

Economic Policy Uncertainty, Financial Soundness and Financial Stability in Ghana 加纳的经济政策不确定性、金融稳健性和金融稳定性

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-07-22 DOI: 10.1111/1467-8268.70069

Iddriss Askandir, Eric Amoo Bondzie

{"title":"Economic Policy Uncertainty, Financial Soundness and Financial Stability in Ghana","authors":"Iddriss Askandir, Eric Amoo Bondzie","doi":"10.1111/1467-8268.70069","DOIUrl":"https://doi.org/10.1111/1467-8268.70069","url":null,"abstract":"<div>\u0000 \u0000 <p>The increasing interconnectedness of the global economy has highlighted the importance of global economic policy uncertainty, which has been shown to affect the stability of the banking sector worldwide. Despite extensive research on the nexus between economic policy uncertainty and bank stability, there remains limited understanding of how policy-variable-based uncertainty affects Ghana's banking industry. This study examines how policy-based economic uncertainty affects the financial soundness and stability of Ghana's banking industry, using monthly data from February 2008 to April 2023 for 13 listed banks. It develops a new economic uncertainty index and a financial soundness index for Ghana. Using the Heteroskedasticity Corrected Model, Ordinary Least Squares, Generalised Linear Model, and Quantile Regression models, the analysis shows that both policy-based and composite uncertainty indices have a significant negative effect on banking stability. The paper recommends that policymakers enhance fiscal and monetary consistency and that banks integrate these measures into risk management to strengthen financial resilience.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148615566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Inflation at the Household Level: Evidence From Tunisia Using a Quantile Regression Model 家庭层面的通货膨胀：使用分位数回归模型的突尼斯证据

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-07-06 DOI: 10.1111/1467-8268.70068

Khaled Nasri, Mehdi Ben Braham

{"title":"Inflation at the Household Level: Evidence From Tunisia Using a Quantile Regression Model","authors":"Khaled Nasri, Mehdi Ben Braham","doi":"10.1111/1467-8268.70068","DOIUrl":"https://doi.org/10.1111/1467-8268.70068","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the heterogeneity in inflation's effects on Tunisian households, focusing on how socio-economic factors such as income, geographic location, and household composition influence inflation vulnerability. Using data from the National Survey on Household Budget, Consumption, and Living Standards and employing ordinary least squares and quantile regression methods, the analysis reveals significant disparities in inflation experiences across household types. The findings show that poorer, rural, and smaller households face higher inflation rates, while households led by unemployed or retired individuals, and those with lower educational attainment, are particularly vulnerable. Conversely, older household heads experience lower inflation rates, likely due to greater financial stability. The study offers important policy implications, emphasizing the need for targeted interventions such as direct cash transfers, subsidies, and education reforms to mitigate the disproportionate effects of inflation on vulnerable groups. By addressing these disparities, policymakers can foster more resilient and equitable household economies in Tunisia.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148462713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

External Aid's Effect on Fragility and Fragility Regimes in Africa 外部援助对非洲脆弱性和脆弱性制度的影响

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-07-04 DOI: 10.1111/1467-8268.70067

Windbénédo Jean Marie Kébré, Idrissa M. Ouédraogo

{"title":"External Aid's Effect on Fragility and Fragility Regimes in Africa","authors":"Windbénédo Jean Marie Kébré, Idrissa M. Ouédraogo","doi":"10.1111/1467-8268.70067","DOIUrl":"https://doi.org/10.1111/1467-8268.70067","url":null,"abstract":"<div>\u0000 \u0000 <p>External aid is central to Africa's development finance, yet many countries remain fragile. Using a panel of African countries (2006–2022), this article tests whether aid reduces fragility and affects movement across fragility regimes. Using a dynamic specification, System Generalised Method of Moments (GMM) results suggest that aid is associated with lower fragility, though the effect is modest, consistent with aid supporting short-run stabilisation when it reinforces core state functions within domestic institutional frameworks. However, results from a conditional mixed-process (CMP) ordered model that accounts for endogeneity in aid allocation indicate a more limited effect on regime change: aid is associated with a lower probability of movement into the least fragile regime and a higher probability of remaining in an intermediate fragility regime. Overall, the evidence supports a ‘stabilisation versus transformation’ pattern: aid may help contain deterioration and reduce fragility at the margin, but it does not automatically generate the deeper institutional and adaptive changes required for movement into the least fragile category. The findings imply that development cooperation should place less emphasis on aid volumes and more on predictable, multi-year support targeted to institutional strengthening, shock management capabilities and social cohesion.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148381165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Revisiting Drivers of Financial Development in Sub-Saharan Africa: A Dimension-Specific Analysis and Ranking of Determinants 重新审视撒哈拉以南非洲金融发展的驱动因素：具体维度分析和决定因素排名

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-07-04 DOI: 10.1111/1467-8268.70066

Solomon Luther Afful, Isaac Bentum-Ennin, Eric Amoo Bondzie

{"title":"Revisiting Drivers of Financial Development in Sub-Saharan Africa: A Dimension-Specific Analysis and Ranking of Determinants","authors":"Solomon Luther Afful, Isaac Bentum-Ennin, Eric Amoo Bondzie","doi":"10.1111/1467-8268.70066","DOIUrl":"https://doi.org/10.1111/1467-8268.70066","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the drivers of financial development in Sub-Saharan Africa (SSA) using a dimension-specific framework that disaggregates financial development into financial institutions (FI), financial markets (FM) and a composite index (FD). Using panel data for 35 SSA countries over the period 2000–2023, the study employs Panel-Corrected Standard Errors (PCSE) estimation, dominance analysis and System GMM as a robustness check. The findings reveal that institutional quality and human development are the most dominant drivers of financial development across all dimensions, with institutional quality leading for FI and FD, and human development emerging as the foremost determinant of FM. Digitalisation significantly promotes overall financial development and FI but exerts no significant effect on FM, while unemployment and inflation impose significant negative effects across dimensions. Economic growth remains largely insignificant, suggesting that structural and institutional factors outweigh short-term macroeconomic conditions in shaping financial outcomes in SSA. Dominance analysis further confirms the heterogeneous importance of determinants across dimensions, underscoring the multidimensional nature of financial development in the region. The findings call for dimension-specific reforms that prioritise governance quality, human capital development, digital financial infrastructure, macroeconomic stability and employment creation to achieve sustainable financial deepening across SSA.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148381164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Natural Resource Wealth and Access to Clean Cooking Technologies in Sub-Saharan Africa 撒哈拉以南非洲的自然资源财富和获得清洁烹饪技术

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-06-29 DOI: 10.1111/1467-8268.70064

Gracia Mokondi Mosunga, Jean-Claude Kouladoum Mousseuknadji, Muhamadu Awal Kindzeka Wirajing

{"title":"Natural Resource Wealth and Access to Clean Cooking Technologies in Sub-Saharan Africa","authors":"Gracia Mokondi Mosunga, Jean-Claude Kouladoum Mousseuknadji, Muhamadu Awal Kindzeka Wirajing","doi":"10.1111/1467-8268.70064","DOIUrl":"https://doi.org/10.1111/1467-8268.70064","url":null,"abstract":"<div>\u0000 \u0000 <p>The study examines both linear and non-linear relationships between natural resource rents and access to clean cooking technologies in Sub-Saharan Africa from 2000 to 2024. It employs the Driscoll-Kraay and the two-step system GMM estimators to address cross-sectional dependence and endogeneity. The findings reveal a complex relationship: negative linear and positive non-linear associations. The positive non-linear linkage suggests that as natural resource rents increase, reaching a potential threshold, the relationship reverses, with resource abundance becoming positively associated with access to clean cooking technologies. Robustness checks examining regional differences in access to clean cooking technologies show that the findings remain consistent across both rural and urban areas. Additionally, the study indicates that rents from oil, gas, minerals, coal, and forests are associated with higher levels of access to clean cooking technologies in a non-linear manner. This non-linear relationship across all types of resource rents highlights a turning point where rising and sustained resource rents become positively associated with greater adoption of clean cooking technologies, supporting the resource blessing hypothesis. Based on these findings, policy efforts should aim to strategically convert natural resource wealth into a driving force for inclusive energy access, particularly by promoting clean cooking technologies.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148343283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Heterogeneous Effect of Corruption on Life Expectancy Inequality in Sub-Saharan Africa 撒哈拉以南非洲地区腐败对预期寿命不平等的异质性影响

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-06-22 DOI: 10.1111/1467-8268.70063

Issa Dianda

{"title":"Heterogeneous Effect of Corruption on Life Expectancy Inequality in Sub-Saharan Africa","authors":"Issa Dianda","doi":"10.1111/1467-8268.70063","DOIUrl":"https://doi.org/10.1111/1467-8268.70063","url":null,"abstract":"<div>\u0000 \u0000 <p>Sub-Saharan Africa is simultaneously the world's most corrupt region and the global epicenter of life expectancy inequality. This paper examines the heterogeneous effects of overall, petty, and grand corruption on life expectancy inequality across 41 Sub-Saharan countries over 2010–2021, using two-stage least squares and quantiles via moments regression. Corruption significantly widens life expectancy inequality, with the effect growing stronger at higher quantiles, indicating that corruption amplifies pre-existing disparities rather than creating new ones. Both petty and grand corruption independently deepen health disparities: grand corruption dominates at higher quantiles through macro-institutional channels such as budget distortions and elite capture while petty corruption prevails at lower quantiles through regressive barriers to basic healthcare access. Policy responses should therefore be differentiated: frontline informal payments reduction in low-inequalities settings, and institutional oversight reform in highly unequal contexts, embedded with a broader universal health system strengthening framework.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 2","pages":""},"PeriodicalIF":2.1,"publicationDate":"2026-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148323988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Appreciation to Article Reviewers 感谢文章审稿人

IF 2.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-06-17 DOI: 10.1111/1467-8268.70062

引用次数: 0

Economic Complexity and Income Inequality: The Influence of ICT and Human Capital Development in Africa 经济复杂性和收入不平等：信息通信技术和人力资本发展在非洲的影响

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-06-08 DOI: 10.1111/1467-8268.70061

Mark Edem Kunawotor

{"title":"Economic Complexity and Income Inequality: The Influence of ICT and Human Capital Development in Africa","authors":"Mark Edem Kunawotor","doi":"10.1111/1467-8268.70061","DOIUrl":"https://doi.org/10.1111/1467-8268.70061","url":null,"abstract":"<div>\u0000 \u0000 <p>Building on recent economic complexity scholarship, this paper examines the contingent effects of economic complexity, ICT penetration, and human capital development on income inequality in Africa. The system Generalized Method of Moments estimator is deployed on a panel data that include 34 African countries from 1995 to 2021. The results, which are consistent with the skill-biased technological change theory, show that economic complexity unconditionally widens income inequality in Africa. However, ICT and human capital development counteract the adverse effects and help complement economic complexity in reducing income inequality in Africa. In other words, when economic complexity is conditioned on adequate human capital and ICT, income inequality narrows. The ICT components worthy of note and required to effectively complement economic complexity in reducing income inequality are the internet and fixed broadband subscriptions. Also, human capital development indicators such as secondary and tertiary school enrollments as well as secondary and tertiary school pupil–teacher ratios are relevant to effectively complement economic complexity in reducing income inequality in Africa. Relevant policy directives are provided.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 2","pages":""},"PeriodicalIF":3.1,"publicationDate":"2026-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148237430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

International Reserves Accumulation in Sub-Saharan Africa: Is the Membership of the Franc Zone an Obstacle? 撒哈拉以南非洲的国际储备积累：加入法郎区是障碍吗？

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-05-31 DOI: 10.1111/1467-8268.70059

Christophe Martial Mbassi

{"title":"International Reserves Accumulation in Sub-Saharan Africa: Is the Membership of the Franc Zone an Obstacle?","authors":"Christophe Martial Mbassi","doi":"10.1111/1467-8268.70059","DOIUrl":"https://doi.org/10.1111/1467-8268.70059","url":null,"abstract":"<div>\u0000 \u0000 <p>Motivated by the fact that the abundant existing literature fails to provide a fully satisfactory explanation of the dynamics of international reserves in various developing regions, the present article assesses the role of the currency zone. Specifically, we examine the role of Franc zone on international reserves in a sample of 42 Sub-Saharan African (SSA) countries, over the period 1990–2018. Based on various panel data methods, we find that the Franc zone is negatively and significantly associated with reserves in SSA countries. This result is robust to the use of alternative measures of reserves as well as to the change in estimation technique. We show that these potential effects are channeled through trade intensity between member countries. Furthermore, the article shows that some heterogeneities, such as institutional quality, the size of the informal sector, climate shocks, economic complexity, economic uncertainty, geopolitical risks, the 1994 devaluation, the launch of the Euro in 1999, and the 2008 financial crisis, may have influenced the role of the Franc zone in reserves accumulation. Taken together, our results suggest reforms aimed at improving the institutional arrangements linking the Franc zone to France, as well as policies to promote structural transformation, aimed at intensifying intra-zone trade as well as countries' attractiveness.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 2","pages":""},"PeriodicalIF":3.1,"publicationDate":"2026-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148166925","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Determinants of Fiscal Discipline in West Africa: Does Democracy Matter? 西非财政纪律的决定因素：民主重要吗？

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2026-05-28 DOI: 10.1111/1467-8268.70060

Ozoemena Stanley Nwodo

{"title":"Determinants of Fiscal Discipline in West Africa: Does Democracy Matter?","authors":"Ozoemena Stanley Nwodo","doi":"10.1111/1467-8268.70060","DOIUrl":"https://doi.org/10.1111/1467-8268.70060","url":null,"abstract":"<p>This study investigates the impact of democracy on fiscal discipline in West Africa, focusing on four fiscal outcomes: overall balance, primary balance, the cyclically adjusted primary balance, and changes in the debt-to-GDP ratio. Using panel data for 14 countries and employing fixed effects, Driscoll–Kraay, and instrumental variable estimators, the analysis accounts for unobserved heterogeneity, cross-sectional dependence, and endogeneity. The results show that democracy, on its own, does not exert a robust or consistent disciplining effect on fiscal outcomes. However, democratic institutions conditionally improve overall balances when embedded within credible fiscal rule frameworks, particularly for observed fiscal and primary balances. In contrast, democracy has little explanatory power for debt dynamics and structural fiscal effort once cyclical factors are removed. Debt adjustment is driven mainly by inherited debt levels, while resource-rich countries exhibit faster debt accumulation. Overall, the findings suggest that in West Africa, democracy can enhance fiscal discipline, but its effectiveness depends on broader institutional credibility.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"38 2","pages":""},"PeriodicalIF":3.1,"publicationDate":"2026-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8268.70060","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148174858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0