African Development Review-Revue Africaine De Developpement最新文献_第7页

Financial openness, financial sector development, and income inequality: With an extensive set of pull and push factors 金融开放、金融部门发展和收入不平等：具有广泛的拉动和推动因素

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-26 DOI: 10.1111/1467-8268.12700

Biruk Birhanu Ashenafi, Yan Dong

{"title":"Financial openness, financial sector development, and income inequality: With an extensive set of pull and push factors","authors":"Biruk Birhanu Ashenafi, Yan Dong","doi":"10.1111/1467-8268.12700","DOIUrl":"10.1111/1467-8268.12700","url":null,"abstract":"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 financial openness exacerbates income inequality and is sensitive to banking crises and conflict intensity. Second, the de facto measure spurs stock value traded in emerging market economies (EMEs) and declines domestic credit in Africa. Third, the interaction between de facto measures with schooling and governance factors affects financial sector development and income inequality. We highlighted that the mere usage of the de jure measure and their interaction is incorrect. The key implication is that valuable information about the real impact of openness can be obtained from the de facto measures and their interaction with favorable macroeconomic fundamentals, governance factors, and adverse nonpolicy factors.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"138-151"},"PeriodicalIF":2.9,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42030876","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

Effect of bilateral and multilateral concessional debts on public investment in Africa: A contingency analysis 双边和多边优惠债务对非洲公共投资的影响：应急分析

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-23 DOI: 10.1111/1467-8268.12699

Hillary Chijindu Ezeaku, David Okelue Ugwunta, Godwin Imo Ibe, Ebele Igwemeka, Eze Festus Eze, Obiamaka P. Egbo

{"title":"Effect of bilateral and multilateral concessional debts on public investment in Africa: A contingency analysis","authors":"Hillary Chijindu Ezeaku, David Okelue Ugwunta, Godwin Imo Ibe, Ebele Igwemeka, Eze Festus Eze, Obiamaka P. Egbo","doi":"10.1111/1467-8268.12699","DOIUrl":"10.1111/1467-8268.12699","url":null,"abstract":"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 and multilateral concessional debts had a long-run positive and significant effect on public investment. The findings indicated that a 1% change in bilateral and multilateral concessional debt was associated with 8.6 and 11.3% increases in public investment, respectively. While the short-run influence of bilateral concessional debts was significantly positive, multilateral concessional debts had a short-run positive but insignificant effect on public investment. It is discovered that institutional quality is associated with declines in public investment. The contingency analysis shows that institutional quality explains a lot about how well bilateral and multilateral concessional debts drive public investment. The evidence suggests that poor institutional quality is more likely to undermine the effectiveness of bilateral concessional debts on productive investment than multilateral concessional debts.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"198-210"},"PeriodicalIF":2.9,"publicationDate":"2023-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45810698","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

Effects of financial inclusion on tax revenue mobilization: Evidence from WAEMU countries 普惠金融对税收动员的影响:来自东亚货币联盟国家的证据

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-23 DOI: 10.1111/1467-8268.12702

Milly Chepkorir Chebochok, Nimonka Bayale

{"title":"Effects of financial inclusion on tax revenue mobilization: Evidence from WAEMU countries","authors":"Milly Chepkorir Chebochok, Nimonka Bayale","doi":"10.1111/1467-8268.12702","DOIUrl":"10.1111/1467-8268.12702","url":null,"abstract":"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, using panel data from West African Economic and Monetary Union (WAEMU) countries over the period 2006–2019. The findings suggest that financial inclusion positively and significantly influences government's tax revenue. Moreover, by looking at the effects of disaggregated financial inclusion dimensions (access, use, and affordability) on various components of tax revenue, we find that the estimated coefficients on the subcomponents of financial inclusion are statistically significant. Results also indicate that the magnitude of effect of financial inclusion is higher on indirect taxes compared to direct tax revenues. This research recommends that policy-makers should prioritize financial inclusion in their policies and development agenda through National Financial Inclusion Strategies (NFIS) because it can increase countries' resource mobilization and help them to build fiscal resilience.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"226-238"},"PeriodicalIF":2.9,"publicationDate":"2023-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43713988","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: 2

Access to paved roads, gender, and youth unemployment in rural areas: Evidence from sub-Saharan Africa 农村地区铺设道路的可及性、性别和青年失业:来自撒哈拉以南非洲的证据

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-20 DOI: 10.1111/1467-8268.12701

Patrick Marie Nga Ndjobo, Yves André Abessolo

{"title":"Access to paved roads, gender, and youth unemployment in rural areas: Evidence from sub-Saharan Africa","authors":"Patrick Marie Nga Ndjobo, Yves André Abessolo","doi":"10.1111/1467-8268.12701","DOIUrl":"10.1111/1467-8268.12701","url":null,"abstract":"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 has been adopted in analysing the data. This approach is used for addressing the possible endogeneity bias that occurs when the dependent variable and regressor are both endogenous and binary. The major finding of this study reveals that access to paved roads in rural areas reduces the probability that young people will face unemployment. The aforementioned is more pronounced for young women than for young men. Moreover, the greater the proximity to the road increases, the greater its reducing effect on the probability of young people being unemployed. It is therefore important that the development of road infrastructure in rural areas be at the centre of public policies to address youth unemployment in SSA countries. This will significantly increase women's empowerment, through their participation in the labour market, and the full economic participation of young people.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"165-180"},"PeriodicalIF":2.9,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44471031","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

Information sharing offices and economic growth in sub-Saharan Africa 撒哈拉以南非洲的信息共享办公室与经济增长

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-20 DOI: 10.1111/1467-8268.12704

Oliver Asiamah, Samuel Kwaku Agyei

{"title":"Information sharing offices and economic growth in sub-Saharan Africa","authors":"Oliver Asiamah, Samuel Kwaku Agyei","doi":"10.1111/1467-8268.12704","DOIUrl":"10.1111/1467-8268.12704","url":null,"abstract":"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. From this background, this study used an explanatory research design with a longitudinal (panel) data approach to assess whether the coverage of information by ISOs affects sectorial and overall economic growth among sub-Saharan African (SSA) countries using the system generalized method of moments technique on data from 2005 to 2019. The results highlight that information coverage by ISOs enhances sectorial and overall economic growth by solving the information asymmetry problem. From the findings, governments in SSA countries are encouraged to support public credit registries to effectively perform their mandate while providing incentives to attract investments in private credit bureaus since they contribute to economic growth.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"211-225"},"PeriodicalIF":2.9,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45076943","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: 1

Financial stability gap and private investment nexus: Evidence from sub-Saharan Africa 金融稳定差距与私人投资关系:来自撒哈拉以南非洲的证据

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-20 DOI: 10.1111/1467-8268.12706

Evans Kulu

引用次数: 3

New evidence on sources of macroeconomic fluctuations in sub-Saharan African countries 撒哈拉以南非洲国家宏观经济波动来源的新证据

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-16 DOI: 10.1111/1467-8268.12705

Shakirudeen Taiwo, Josine Uwilingiye

{"title":"New evidence on sources of macroeconomic fluctuations in sub-Saharan African countries","authors":"Shakirudeen Taiwo, Josine Uwilingiye","doi":"10.1111/1467-8268.12705","DOIUrl":"10.1111/1467-8268.12705","url":null,"abstract":"Following a global vector autoregressive (GVAR) approach, this paper presents new evidence on the validity of international transmission of economic shocks from key trading partners as sources of macroeconomic fluctuations in sub-Saharan African (SSA) countries. The GVAR model was estimated for 21 SSA countries grouped into three country classes—oil-rich, other-resources-rich and non-resource-based economies, to account for output shocks from crucial trading partner countries—United States, United Kingdom, China and Europe. Furthermore, the generalized forecast error variance decompositions results reveal that output shocks from key trading partners constitute significant contributors to changes in key macroeconomic indicators—real gross domestic product, inflation, exchange rate and short-term interest rate, in the SSA region. The generalized impulse response functions indicate that these economic shocks have more significant impacts on oil-rich countries than on other country groups. A key recommendation from this study is that SSA countries, especially the resource-rich economies, need to strengthen and diversify their economic structure, including the trade basket.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"181-197"},"PeriodicalIF":2.9,"publicationDate":"2023-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41267822","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

Broadband use and trade facilitation: Impacts on bilateral trade of sub-Saharan countries 宽带使用和贸易便利化:对撒哈拉以南国家双边贸易的影响

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-16 DOI: 10.1111/1467-8268.12698

Margarita Billon, Antonio Rodríguez-Andrés, Ernesto Rodríguez-Crespo

{"title":"Broadband use and trade facilitation: Impacts on bilateral trade of sub-Saharan countries","authors":"Margarita Billon, Antonio Rodríguez-Andrés, Ernesto Rodríguez-Crespo","doi":"10.1111/1467-8268.12698","DOIUrl":"10.1111/1467-8268.12698","url":null,"abstract":"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 analysis, we impute time costs missing values, an essential shortcoming of the available databases, to study trade facilitation over time. Lastly, we employ a gravity model and implement a Bonus Vetus Estimation. Our results show that broadband use exerts a positive and significant effect on trade, especially relevant for intra-African trade flows. Furthermore, the combined effects indicate that broadband also modulates the negative impacts of time to export and time to import in the case of intra-SSA countries' trade. The more significant result is found for time to export. Our results also confirm that time costs are not only particularly harmful to intra-African trade but also negatively impact trade flows from SSA countries to the rest of the world. These outcomes show the importance of coordinating trade facilitation and digital transformation policies, particularly those devoted to digitally transforming African customs.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"113-125"},"PeriodicalIF":2.9,"publicationDate":"2023-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8268.12698","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47230888","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: 1

Ease of doing business and investment among West African countries 西非国家之间的商业和投资便利

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-10 DOI: 10.1111/1467-8268.12696

Victor Ushahemba Ijirshar, Joshua Kpelai Nomkuha, Benjamin Bem Bura, Joseph Tarza Sokpo, Mlumun Queen Ijirshar

{"title":"Ease of doing business and investment among West African countries","authors":"Victor Ushahemba Ijirshar, Joshua Kpelai Nomkuha, Benjamin Bem Bura, Joseph Tarza Sokpo, Mlumun Queen Ijirshar","doi":"10.1111/1467-8268.12696","DOIUrl":"10.1111/1467-8268.12696","url":null,"abstract":"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 relationship running from EBD to domestic investment. The findings further revealed that the EBD and national income have a strong influence in determining the level of domestic investment and FDI inflows, and that some indicators of EBD, such as the procedure for starting a business, access to credit facilities, tax, and security threats, discourage domestic investment and FDI inflows, in contrast to the influence of obtaining electricity and national income on investment. The study suggests that West African governments reduce taxes, ease the procedures and costs of starting a business and dealing with construction permits, and increase the availability of credit facilities at lower interest rates to promote investment in the region.","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 2","pages":"97-112"},"PeriodicalIF":2.9,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44719380","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 development, institutions and industrialization in sub-Saharan Africa 撒哈拉以南非洲的金融发展、体制和工业化

IF 2.9 2区经济学

African Development Review-Revue Africaine De Developpement Pub Date : 2023-07-09 DOI: 10.1111/1467-8268.12697

Serigne Bassirou Lo, Lassana Cissokho

引用次数: 0