African Development Review-Revue Africaine De Developpement最新文献_第5页

Attracting and Securing Foreign Direct Investment Inflows Amidst Global Uncertainty: Does Financial Development Matter in Africa? 在全球不确定性中吸引和确保外国直接投资流入：金融发展对非洲重要吗？

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-30 DOI: 10.1111/1467-8268.70038

Fabrice Nguegang, Ndzembanteh Aboubakary Nulambeh, Genevieve Christel Mapa Kamdoum

{"title":"Attracting and Securing Foreign Direct Investment Inflows Amidst Global Uncertainty: Does Financial Development Matter in Africa?","authors":"Fabrice Nguegang, Ndzembanteh Aboubakary Nulambeh, Genevieve Christel Mapa Kamdoum","doi":"10.1111/1467-8268.70038","DOIUrl":"https://doi.org/10.1111/1467-8268.70038","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper employs a novel global uncertainty measure and a comprehensive financial development indicator to analyze the moderating role of financial development in the nexus between uncertainty and foreign direct investment (FDI). The analysis focuses on a sample of 36 sub-Saharan African countries and uses 5-year average data across the period 2003–2021. The two-step system generalized method of moments is used as the main empirical strategy, and fixed-effects regressions with Driscoll and Kraay standard errors are employed as an alternative to control for potential cross-sectional dependence. The findings indicate that the effect of global uncertainty on FDI inflows is inconsistent. Financial development has been identified as a key “pull factor” driving FDI. However, its synergy effect with global uncertainty acts as a deterrent for FDI activities. The marginal effects analysis indicates that this “crowding-out” effect is more pronounced in countries with more advanced financial development. As for policy implications, the study suggests differentiated and context-sensitive regulatory measures with varying levels of financial development.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145407157","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

Financial Constraints and Exports: Firm-Level Evidence From Kenya and Tanzania 金融约束与出口：来自肯尼亚和坦桑尼亚的企业层面证据

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-29 DOI: 10.1111/1467-8268.70037

Mamadou Bah, Eugene Bempong Nyantakyi

{"title":"Financial Constraints and Exports: Firm-Level Evidence From Kenya and Tanzania","authors":"Mamadou Bah, Eugene Bempong Nyantakyi","doi":"10.1111/1467-8268.70037","DOIUrl":"https://doi.org/10.1111/1467-8268.70037","url":null,"abstract":"<div>\u0000 \u0000 <p>In this article, we use unique firm-level data for Kenya and Tanzania hand-collected for 2019 and 2020 to examine the impact of firm-level financial constraints on the extensive and intensive margins of exports. Unlike previous studies in the African context that mostly rely on perceptual data to examine firm-level financial constraints, the data allow us to construct four measures of firm-level financial constraints—financial cost ratio, debt ratio, liquidity ratio, and profitability ratio—and assess their effects on the extensive and intensive margins of firm-level exports using a two-part fractional response model. We find that financial constraints reduce firms' participation in export markets as well as export-sales ratios in both Kenya and Tanzania. Particularly, the debt ratio appears to have a higher impact on export sales than other financial constraint measures. Our results contribute not only to the limited existing literature on financial constraints and trade in sub-Saharan Africa but also highlight the need to address firm-level financial frictions to encourage firm participation in trade and boost the region's exports.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145406890","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

Economic Growth in ECOWAS: Linear and Nonlinear Dynamics of Domestic Investment, Trade Openness, Inflation, and Infrastructure Access 西非经共体经济增长：国内投资、贸易开放、通货膨胀和基础设施准入的线性和非线性动态

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-27 DOI: 10.1111/1467-8268.70035

Evans Yeboah

{"title":"Economic Growth in ECOWAS: Linear and Nonlinear Dynamics of Domestic Investment, Trade Openness, Inflation, and Infrastructure Access","authors":"Evans Yeboah","doi":"10.1111/1467-8268.70035","DOIUrl":"https://doi.org/10.1111/1467-8268.70035","url":null,"abstract":"<p>This study investigates the effects of domestic investment, trade openness, inflation, and electricity access on economic growth in nine ECOWAS countries from 2000 to 2023. Pooled mean group autoregressive distributed lag (PMG-ARDL) and nonlinear pooled mean group autoregressive distributed lag (PMG-NARDL) models are applied to capture long-run relationships and asymmetric adjustments. Results show that domestic investment supports income growth, but its effect weakens when combined with electricity access, reflecting infrastructure inefficiencies. Trade openness produces mixed outcomes: linear estimates indicate a negative long-run link, while nonlinear results reveal that increases in openness stimulate growth, whereas contractions reduce income. Inflation also behaves asymmetrically, as disinflation enhances growth while rising inflation exerts weaker adverse effects. The trade–inflation interaction suggests that inflation may ease some negative impacts of trade exposure. Foreign direct investment displays asymmetry as well, with declines associated with stronger growth, possibly due to greater domestic resource mobilization. Unemployment and population growth produce inconsistent effects across models. By applying linear and nonlinear panel ARDL methods, this study evaluates macroeconomic and structural drivers of growth in West Africa. The findings point to reforms in electricity infrastructure, balanced trade liberalization, and inflation stabilization to sustain growth in ECOWAS economies.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8268.70035","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145406791","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

Réexamen de la Relation Exportations Intra-Continentales et Investissements Directs Étrangers: l'Effet Des Corridors Terrestres Partagés en Afrique Subsaharienne 大陆内部出口与外国直接投资的关系：撒哈拉以南非洲共享的陆地走廊的影响

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-23 DOI: 10.1111/1467-8268.70036

Marius Bendoma, Franky B. A. Kogueda, Nassibou Bassongui

引用次数: 0

Effects of Terrorist Attacks on Banks' Performance: Evidence From WAEMU Countries 恐怖袭击对银行绩效的影响：来自西非货币联盟国家的证据

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-16 DOI: 10.1111/1467-8268.70033

Nimonka Bayale, Komla Kuma Esobiyu Tchala, Madow Nagou, Hassan Tamboura, Wassiratou Ouro-Koura, Sasire Napo

{"title":"Effects of Terrorist Attacks on Banks' Performance: Evidence From WAEMU Countries","authors":"Nimonka Bayale, Komla Kuma Esobiyu Tchala, Madow Nagou, Hassan Tamboura, Wassiratou Ouro-Koura, Sasire Napo","doi":"10.1111/1467-8268.70033","DOIUrl":"https://doi.org/10.1111/1467-8268.70033","url":null,"abstract":"<div>\u0000 \u0000 <p>In the West African Economic and Monetary Union (WAEMU) and across West Africa, terrorist attacks have risen sharply over the past decade. Beyond the tragic human toll, terrorism inflicts material, institutional, and economic damage and can impair banks' operations and productivity. This article investigates the impact of terrorism on bank performance, proxied by return on average equity (ROAE), return on average assets (ROAA), non-performing loans (NPLs), and the <i>Z</i>-score of insolvency risk, using a panel of 92 WAEMU banks from 2005 to 2019 and a system-GMM approach. The findings show that terrorism exerts a negative and statistically significant effect on all performance measures: a 1% rise in attacks reduces ROAE and ROAA by 4.7% and 3.9%, respectively, weakens bank solvency by 2.8%, and increases the NPL ratio by approximately 4.1 percentage points. These results underscore the need for WAEMU countries to intensify efforts to promote peace and security, and for regulators to implement reforms that explicitly safeguard financial stability and ensure sustained banking performance in the face of terrorism-related risks in the region.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145317416","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 International Capital Inflows to Sub-Saharan Africa: The Role of Digitalization and National Governance 国际资本流入撒哈拉以南非洲的决定因素：数字化和国家治理的作用

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-16 DOI: 10.1111/1467-8268.70034

Sana Slimani, Anis Omri, Abdessalem Abbassi

{"title":"Determinants of International Capital Inflows to Sub-Saharan Africa: The Role of Digitalization and National Governance","authors":"Sana Slimani, Anis Omri, Abdessalem Abbassi","doi":"10.1111/1467-8268.70034","DOIUrl":"https://doi.org/10.1111/1467-8268.70034","url":null,"abstract":"<div>\u0000 \u0000 <p>As digitization and national governance are widely recognized for access to external finance, this article examines the combined effects of digitization, in particular information and communication technologies (ICTs) diffusion in terms of access, skills, and use, and the quality of governance on international capital flows (foreign direct investment [FDI] and remittances) in 41 sub-Saharan African (SSA) countries. Using the Generalized Method of Moments, the study demonstrates that stronger political and institutional governance is associated with higher FDI and remittances. Moreover, improved access to, skills in, and use of ICT contribute to increased FDI and remittances. The effectiveness of political and institutional governance mechanisms in attracting FDI is further enhanced when they are accompanied by increased use of and access to ICT. Similarly, the positive impact of good political governance on remittances is reinforced by improved access to ICT. Overall, the results underline that as ICT becomes more widely used in SSA countries, improving governance quality and digital development capacity can generate a synergistic effect that attracts higher volumes of FDI and remittances to these economies.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145317417","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

Foreign Aid and Social, Economic, and Environmental Sustainability in Sub-Saharan Africa: Does Colonial Power Matter? 撒哈拉以南非洲的外援与社会、经济和环境可持续性：殖民势力重要吗？

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-14 DOI: 10.1111/1467-8268.70032

Richard O. Ojike, Nkechinyere R. Uwajumogu, Joseph I. Amuka, Marius Ikpe, Joseph C. Odionye, Emeka Atuma, George Okagu

{"title":"Foreign Aid and Social, Economic, and Environmental Sustainability in Sub-Saharan Africa: Does Colonial Power Matter?","authors":"Richard O. Ojike, Nkechinyere R. Uwajumogu, Joseph I. Amuka, Marius Ikpe, Joseph C. Odionye, Emeka Atuma, George Okagu","doi":"10.1111/1467-8268.70032","DOIUrl":"https://doi.org/10.1111/1467-8268.70032","url":null,"abstract":"<div>\u0000 \u0000 <p>Despite receiving a significant amount of foreign aid, the economies of the Sub-Saharan African (SSA) countries are characterized by a high unemployment rate, poor health status, and high levels of poverty. Based on the above background, this study examined the impact of foreign aid on the three pillars of sustainable development (social, economic, and environmental). The influence of colonial power on the effectiveness of foreign aid was also considered. The study covered 36 SSA countries for the period 2006–2021 and utilized the two-step system GMM for the analysis. The study found that foreign aid has a significant positive impact on social and environmental sustainability, but a significant negative effect on economic sustainability. It indicates the need for increased aid flow to the social and environmental sectors. The study also found that the United Kingdom and other colonial powers have a significant positive influence on the foreign aid-sustainable development nexus, while France as a colonial power exhibited a negative influence. It implies that France's aid to SSA is not for a genuine purpose. The study recommends policies that will attract more foreign aid to the social and environmental sectors, as well as mandatory scrutiny of all aid agencies to identify genuine ones.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145317035","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

Les Inadéquations Horizontale Et Verticale Affectent-Elles La Rémunération Des Travailleurs Au Cameroun? Les Résultats Des Modèles À Variables Instrumentales Par L'approche Fonction Contrôle 横向和纵向不匹配是否影响喀麦隆工人的薪酬？控制功能方法的仪器变量模型结果

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-10-08 DOI: 10.1111/1467-8268.70031

Joseph Dabo Doubla, Valère Amassangka Haman Haman, Constant Tchaltouang

{"title":"Les Inadéquations Horizontale Et Verticale Affectent-Elles La Rémunération Des Travailleurs Au Cameroun? Les Résultats Des Modèles À Variables Instrumentales Par L'approche Fonction Contrôle","authors":"Joseph Dabo Doubla, Valère Amassangka Haman Haman, Constant Tchaltouang","doi":"10.1111/1467-8268.70031","DOIUrl":"https://doi.org/10.1111/1467-8268.70031","url":null,"abstract":"<div>\u0000 \u0000 <p>L'objectif de cet article est d'analyser l'incidence des inadéquations horizontale et verticale sur la rémunération des travailleurs au Cameroun. L'analyse s'appuie sur des données transversales issues de la troisième Enquête sur l'Emploi et le Secteur Informel (EESI 2021), réalisée par l'Institut National de la Statistique du Cameroun. Afin de corriger les biais d'endogénéité potentiels liés à l'inadéquation éducation-emploi, nous employons la méthode de Double Moindres Carrés Ordinaires à variables instrumentales (IV-2SLS) par l'approche fonction contrôle. Les principaux résultats révèlent que l'inadéquation éducation-emploi réduit significativement la rémunération sur le marché du travail, avec une pénalité salariale plus prononcée pour l'inadéquation horizontale que pour l'inadéquation verticale. Par ailleurs, ces inadéquations réduisent davantage la rémunération des travailleurs en contrat à durée déterminée (CDD) que celle des travailleurs en contrat à durée indéterminée (CDI). L'analyse sectorielle montre que les travailleurs du secteur privé subissent une pénalité plus élevée par rapport à ceux du secteur public. Enfin, les hommes apparaissent plus pénalisés que les femmes par ces inadéquations. Ces résultats recommandent une révision des curricula éducatifs pour y intégrer des compétences transversales mieux adaptées aux besoins du marché du travail, ainsi qu'un renforcement des politiques actives d'emploi afin d'optimiser l'appariement entre l'offre et la demande de travail.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145272169","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

Tax Transition Impact on Fiscal Balance in WAEMU Countries: A Difference-in-Difference Approach 货币联盟国家税收过渡对财政平衡的影响：一种差中差的方法

IF 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-09-09 DOI: 10.1111/1467-8268.70026

Vigninou Gammadigbe

{"title":"Tax Transition Impact on Fiscal Balance in WAEMU Countries: A Difference-in-Difference Approach","authors":"Vigninou Gammadigbe","doi":"10.1111/1467-8268.70026","DOIUrl":"https://doi.org/10.1111/1467-8268.70026","url":null,"abstract":"<div>\u0000 \u0000 <p>West African Economic and Monetary Union (WAEMU) initiated a tax transition program in 2006 to substitute trade taxes with domestic taxes. This paper assesses the impact of this tax reform on WAEMU countries' fiscal balance and total revenues, using difference-in-difference methods. The results showed that the tax transition effect on the structural fiscal balance is marginal. Despite the presence of hard-to-tax sectors such as the informal and agricultural sectors, the reform has had a positive impact on tax revenues. This effect is permanent and grows stronger over time. To enhance the effectiveness of the program, the paper suggests to modernize tax administrations in WAEMU countries, to develop digital tools for domestic revenue collection and design policies to reduce the size of the informal sector. Furthermore, for the other Regional Economic Communities and African countries, the results show that fiscal transition could be an effective tool to counter the decline in border tax revenues linked to the implementation of the African Continental Free Trade Area.</p>\u0000 </div>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"37 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2025-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145012929","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 3.1 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2025-09-08 DOI: 10.1111/1467-8268.70030

引用次数: 0