{"title":"Asymmetric effect of environmental tax on CO2 emissions embodied in domestic final demand in South Africa: A NARDL approach","authors":"Godwin Imo Ibe, Hillary Chijindu Ezeaku, Itiri Idam Okpara, Eze Festus Eze, Ebele Igwemeka, Obinna Ubani","doi":"10.1111/1467-8268.12727","DOIUrl":"10.1111/1467-8268.12727","url":null,"abstract":"<p>Motivated by the pressing need to address environmental concerns, this study explores the relationship between environmental taxes and CO<sub>2</sub> emissions embodied in domestic final demand in South Africa. The study uses a non-linear autoregressive distributed lag (NARDL) model to analyse the asymmetric impact of environmental taxes. Results indicate that environmental taxes have an asymmetric impact on CO<sub>2</sub> emissions embodied in domestic final demand in both the short and long runs. Specifically, both positive and negative shifts in environmental taxes are linked with a respective 0.06% decrease and a more pronounced 0.22% decrease in CO<sub>2</sub> emissions embodied in domestic final demand. Moreover, positive shocks in the GDP growth rate are associated with an approximately 0.002% uptick in CO<sub>2</sub> emissions, while negative shocks lead to a 0.012% decrease. Additionally, both positive and negative shocks in population growth exhibit a significant positive correlation with the response variable. The baseline estimates demonstrate that the joint effect of environmental taxes and the GDP growth rate is correlated with reductions in CO<sub>2</sub> emissions embodied in domestic final demand. Similarly, the joint influence of environmental taxes and population growth rate is linked to declines in CO<sub>2</sub> emissions. The study highlights the practical policy implications of these findings.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"36 1","pages":"55-69"},"PeriodicalIF":2.9,"publicationDate":"2023-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139144046","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}
{"title":"Issue Information - Author Guidelines","authors":"","doi":"10.1111/1467-8268.12644","DOIUrl":"https://doi.org/10.1111/1467-8268.12644","url":null,"abstract":"","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"459"},"PeriodicalIF":3.1,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8268.12644","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143187204","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}
Abel Ezeoha, Anthony Igwe, Chinwe Okoyeuzu, Chibuike Uche
{"title":"The fiscal effects of armed conflicts in Africa","authors":"Abel Ezeoha, Anthony Igwe, Chinwe Okoyeuzu, Chibuike Uche","doi":"10.1111/1467-8268.12720","DOIUrl":"10.1111/1467-8268.12720","url":null,"abstract":"<p>This study examines the impact of armed conflicts on the fiscal capacity of African governments. It made use of a data set covering 1997–2021 for 50 countries, as well as the system dynamic generalized method of moment estimation technique. The results show that, in the short run, conflicts undermine tax revenue, mount pressure on military expenditure, and force governments to rely more on mineral resource rents for their fiscal needs. As conflicts persist, this fiscal feature changes to a pattern that reflects a decline in mineral resource earnings and an increase in tax revenue. The impact on public health expenditure also changes from an increasing to a decreasing pattern, whereas the positive impact on military expenditure and external borrowing persists over time. The findings suggest that African countries in conflict can address their fiscal challenges by observing these patterns and putting in place policies that protect public resources (e.g., the adoption of digital financial technology protocols to facilitate remote revenue collection and strategic protection of mineral resource-endowed zones from insurgents' control). Overall, enhancing government effectiveness and strengthening the institutions of governance is important to facilitate a quick return to normalcy in the event of conflict and to prevent future conflicts.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"444-456"},"PeriodicalIF":3.1,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139183257","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}
Hicham El Ouazzani, Hicham Ouakil, Abdelhamid Moustabchir
{"title":"A simulation of the macroeconomic effects of the Russia–Ukraine War on the Moroccan economy using the DSGE model","authors":"Hicham El Ouazzani, Hicham Ouakil, Abdelhamid Moustabchir","doi":"10.1111/1467-8268.12726","DOIUrl":"10.1111/1467-8268.12726","url":null,"abstract":"<p>Russia's invasion of Ukraine has had significant global economic implications, disrupting trade flows and leading to a rise in oil prices that has affected world economies, including Morocco. The aim of this study is to assess the impact of these external shocks on the Moroccan economy using a dynamic stochastic general equilibrium (DSGE) model, which enables detailed analysis of the interactions between various macroeconomic variables such as inflation, exchange rates and trade balances. The results of the study highlight the importance of taking risk premium shocks into account in economic policy-making, as they can lead to higher inflation and a real depreciation of the Moroccan currency. The DSGE model provides a sound analytical framework for policy-makers to assess and manage the impact of these external shocks on the Moroccan economy and thus promote economic stability and growth in the context of global economic uncertainty.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"36 S1","pages":"S75-S93"},"PeriodicalIF":3.1,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139184246","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}
{"title":"Effet global du genre dans le développement des chaînes de valeur mondiales dans le contexte africain","authors":"Kossi Edem Baita, Kwami Ossadzifo Wonyra","doi":"10.1111/1467-8268.12725","DOIUrl":"10.1111/1467-8268.12725","url":null,"abstract":"<p>Cette étude examine l'effet global du genre dans le développement des chaînes de valeur mondiales (CVM) dans le contexte africain. Elle exploite la base de données de la CNUCED pour mesurer l'implication des femmes dans les chaînes de valeur mondiales à l'aide d'indices de participation des CVM à travers des données de panel des pays africains de 2000 à 2018. Les résultats montrent que le taux d'activité des femmes impacte positivement la position relative dans les chaînes mondiales de valeur en Afrique. A la lumière de ces résultats, il ressort qu'il faut encourager les politiques publiques visant une meilleure participation des femmes dans les chaines de valeur afin de favoriser la relance des économies africaines. De même, avec l'avènement de la ZLECAf, il ressort la nécessité de soutenir le commerce intra-africain à travers une meilleure organisation des chaînes de valeur régionales et continentales grâce aux politiques visant la réduction des coûts commerciaux.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"365-375"},"PeriodicalIF":3.1,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139184252","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}
{"title":"Income–environmental nexus in Africa: The integrating role of renewable energy transition and governance quality","authors":"Paul Terhemba Iorember, Nora Yusma Mohamed Yusoff","doi":"10.1111/1467-8268.12723","DOIUrl":"https://doi.org/10.1111/1467-8268.12723","url":null,"abstract":"<p>The economies of the African countries are gradually expanding, but they mostly depend on fossil fuels for energy use. This exacerbates environmental damage, which renders the continent susceptible to the effects of climate change. Therefore, this study aims to examine the integrating role of renewable energy transition and governance quality in the income–environmental quality nexus in Africa. The study applies second-generation econometric techniques on annual panel data of 34 African countries covering the period 1996–2018. The fixed effect ordinary least square (OLS-FE), feasible generalized least squares (FGLS), system generalized method of moments (SYS-GMM) and cross-sectionally augmented ARDL (CS-ARDL) are applied to both the baseline model and the interactive models. The results provide diverse findings. In the baseline models, the study verifies the increasing effect of income on carbon dioxide (CO<sub>2</sub>) emissions, which continues to dampen environmental quality. Regarding the interaction effect models, the findings show that the interactive term of renewable energy transition and income per capita has a significant negative effect on CO<sub>2</sub> emission levels which implies that renewable energy transition ensures green growth. Further, the results indicate that the interactive terms of governance quality have significant reducing effect on emission levels. In terms of policy, achieving green growth necessitates increased renewable energy deployment and policies that will enhance governance effectiveness towards enforcing environmental regulations.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"376-389"},"PeriodicalIF":3.1,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143186330","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}
{"title":"Chocs pétroliers, effets potentiels de l'invasion de l'Ukraine par la Russie sur le solde budgétaire des économies africaines","authors":"Kirsi Zongo, Marcellin Ndong Ntah","doi":"10.1111/1467-8268.12722","DOIUrl":"https://doi.org/10.1111/1467-8268.12722","url":null,"abstract":"<p>Cet article analyse les effets de l'invasion de l'Ukraine par la Russie sur les économies africaines en se focalisant sur les effets induits par la hausse du prix de pétrole sur le solde budgétaire. L'étude a mobilisé les modèles VAR structurels et a porté sur six pays dont trois exportateurs et trois importateurs nets de pétrole en utilisant des séries temporelles sur la période 1980-2021 et une simulation portant sur la période 2022-2023. Les résultats montrent qu'un choc pétrolier entraîne une réaction positive du solde budgétaire des pays exportateurs de pétrole et une réaction négative dans les pays importateurs mais l'effet est asymétrique. Les simulations des scénarii ont montré que la guerre en Ukraine entraînerait une amélioration du solde budgétaire du Nigéria d'environ 2 points de pourcentage et d'environ 1,25 de pourcentage pour l'Angola et l'Algérie. Cependant, l'effet contraire est observé pour les pays importateurs en aggravant leur déficit budgétaire. Aussi, préconisons<sup>−</sup>nous d'une part aux pays exportateurs de pétrole de diversifier les exportations en s'investissant notamment dans des secteurs hors pétrole, et d'autre part aux pays importateurs de consentir des efforts pour le développement d'énergies renouvelables afin de briser leur dépendance vis-à-vis du pétrole.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"36 S1","pages":"S25-S42"},"PeriodicalIF":3.1,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143248431","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}
{"title":"Appreciation to article reviewers","authors":"","doi":"10.1111/1467-8268.12724","DOIUrl":"https://doi.org/10.1111/1467-8268.12724","url":null,"abstract":"","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"457-458"},"PeriodicalIF":3.1,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143187208","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}
{"title":"Does financial development really spur industrialization in sub-Saharan African countries?","authors":"Somlanare Romuald Kinda, Relwendé Sawadogo","doi":"10.1111/1467-8268.12721","DOIUrl":"10.1111/1467-8268.12721","url":null,"abstract":"<p>Industrialization constitutes one of the strategies of structural transformation in many sub-Saharan African (SSA) countries. In this paper, we re-examine the effect of financial development on the industrialization of 35 SSA countries over the period 1996–2018. Contrary to previous work, we formulate the hypothesis that there exists a threshold of financial development beyond which financial development positively influences industrialization. Using the dynamic panel threshold regression model, and system generalized methods of moment models, we find two main results. First, financial development has a negative and significant impact on the development of industrialization. Secondly, the findings show the existence of a nonlinear relationship between financial development and industrialization development. Thus, we find that financial development has a negative effect on industrialization below the threshold while the effect is significantly positive on industrialization in countries whose financial development is above the threshold. The results are stable to the different robustness tests used. These findings highlight the need for SSA countries to develop better financial institutions if they hope to boost the manufacturing sector.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"390-402"},"PeriodicalIF":3.1,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139268504","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}
Hauwah K. K. Abdulkareem, Sodiq Olaiwola Jimoh, Ebenezer Olubiyi
{"title":"Trade–peace conundrum in Africa: The moderating effects of poverty and inequality","authors":"Hauwah K. K. Abdulkareem, Sodiq Olaiwola Jimoh, Ebenezer Olubiyi","doi":"10.1111/1467-8268.12716","DOIUrl":"10.1111/1467-8268.12716","url":null,"abstract":"<p>This paper examines the trade–peace nexus in Africa and ascertains how poverty and inequality tilt the relationship in the eight regional (economic) blocs in Africa, viz. the Arab Maghreb Union (UMA), the Common Market for Eastern and Southern Africa (COMESA), the Community of Sahel–Saharan States (CEN–SAD), the East African Community (EAC), the Economic Community of Central African States (ECCAS), the Economic Community of West African States (ECOWAS), the Intergovernmental Authority on Development (IGAD) and the Southern African Development Community (SADC), from 1998 to 2020 using the Driscoll–Kraay estimate. The study contributes to the literature by disaggregating the peace effect of trade in Africa by the regional (economic) blocs to allow for in-depth and context-specific analysis. The paper also expands the scope of existing studies by examining the direct effect of poverty and inequality on peace in addition to the indirect effect that is revealed through their interactions with trade integrations. The findings reveal that trade promotes peace in Africa, while wide income inequality and a large poverty gap increase the likelihood of conflict. The interaction of poverty and inequality with trade integration shows that while the poverty level does not improve the effect of trade on peace, inequality reduces the impact of trade on peace. The study concludes that poverty and inequality play significant roles in the trade–peace nexus in Africa. Policy recommendations are discussed.</p>","PeriodicalId":47363,"journal":{"name":"African Development Review-Revue Africaine De Developpement","volume":"35 4","pages":"323-335"},"PeriodicalIF":3.1,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136352023","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}