Economic Regulation and Employment Intensity of Output Growth in Sub-Saharan Africa

2019 ◽  
pp. 101-143 ◽  
Author(s):  
Abidemi C. Adegboye ◽  
Monday I. Egharevba ◽  
Joel Edafe
Keyword(s):  
Output Growth ◽  
Sub Saharan Africa ◽  
Economic Regulation ◽  
Sub Saharan

scholarly journals Globalization and the Postcolonial World

2002 ◽  
Vol 19 (3) ◽  
pp. 132-135
Author(s):  
David Wilmsen
Keyword(s):  
Third World ◽  
The United States ◽  
Sub Saharan Africa ◽  
Wealth Accumulation ◽  
Economic Regulation ◽  
Colonial Era ◽  
The Third ◽  
World Economic ◽  
Sub Saharan ◽  
The Third World

According to Ankie Hoogvelt, this book is intended to "introduce students todebates regarding the development prospects of the Third World." This sheaccomplishes in very compact and richly documented detail. Indeed, thereare so many citations that the lack of a bibliography is sorely felt.The book is divided into three parts, each addressing a broad themeaffecting development and the Third World. The first considers the historicalroute of capitalist expansion into a world economic system by means of,among other things, the core countries' depredations of their peripheralcolonies. The second treats the world economy's increasing internationalizationand the retrenchment of wealth accumulation by means of strategichegemony and economic regulation, especially by the United States. Thefinal part examines the resultant situations in the four distinct socioculturalrealms of the Third World, devoting a chapter to each: sub-Saharan Africa,the Islamic world, East Asia, and Latin America.True to the spirit of debate she is trying to foster in her students,Hoogvelt challenges some of the conventional assumptions about humansociety's advancement under globalization. She points out that, contraryto expert consensus, the flow of wealth to the Third world has declinedsince the colonial era. Or, again, that world trade represented a greaterpercentage of world production at the beginning of the twentieth century,before the era of globalization, than it did at its end, when it was in fullstride. Or, yet again, that much of the apparent increase in trade, especially ...

Growth Effect of Export Promotion on Non-oil Output in Sub-Saharan Africa (1970–2014)

2017 ◽  
Vol 3 (2) ◽  
pp. 139-155
Author(s):  
Apanisile Olumuyiwa Tolulope ◽  
Okunlola Charles Olalekan
Keyword(s):  
Exchange Rate ◽  
Private Sector ◽  
Government Expenditure ◽  
Export Promotion ◽  
Output Growth ◽  
Sub Saharan Africa ◽  
Bank Credit ◽  
Real Effective Exchange Rate ◽  
Growth Effect ◽  
Sub Saharan

The study examines the growth effect of export promotion strategies on non-oil output in the sub-Saharan African (SSA) countries between 1970 and 2014. The study employed panel data and three estimation techniques (pooled ordinary least square [OLS], fixed effect, and dynamic generalized moment method [GMM]) to analyze the data. In addition, export promotion policies (EPPs) such as commercial bank credit to private sector, foreign direct investment (FDI) to non-oil sector, real effective exchange rate, and government expenditure were used. Results show that all export promotion policy instruments used have a significant effect on non-oil output in SSA. Also, while bank credit to private sector have positive and significant effect, FDI, government expenditure, and exchange rate will crowd out growth effect of export promotion. The study concluded that favorable EPPs will stimulate non-oil output growth.

scholarly journals Government Expenditure and Economic Growth in Sub-Saharan Africa

2021 ◽  
Vol 7 (4) ◽  
pp. p14
Author(s):  
Dickson Wandeda ◽  
Wafula Masai ◽  
Samuel M. Nyandemo
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Low Income ◽  
Government Expenditure ◽  
Output Growth ◽  
Sub Saharan Africa ◽  
Middle Income ◽  
Sub Saharan ◽  
The Impact ◽  
Ssa Countries

The paper sought to investigate the effect government expenditure on economic growth in Sub-Saharan Africa using a panel data for 35 Sub-Saharan African countries for the period 2006-2018. The paper adopted dynamic panel data and estimates were achieved by using two-step system GMM while taking into account the problem of instrument proliferation. The paper provided evidence that education and health expenditure are key determinants of income growth for SSA. The impact of education spending on cross-country income variation is more effective in low income SSA countries than the middle income SSA countries. However, military expenditure on output growth is more effective in improving income level of middle income SSA countries than low income SSA countries. SSA countries should allocate more funding towards education sector and should also avail compulsory and free primary and secondary education. SSA should carry out health reforms which improve primary health and universal health insurance coverage.

scholarly journals Physical capital, total factor productivity, and economic growth in sub-Saharan Africa

2019 ◽  
Vol 22 (1) ◽  
Author(s):  
Giampaolo Garzarelli ◽  
Yasmina Rim Limam
Keyword(s):  
Economic Growth ◽  
Total Factor Productivity ◽  
Physical Capital ◽  
Output Growth ◽  
Sub Saharan Africa ◽  
Total Output ◽  
Relative Importance ◽  
Factor Productivity ◽  
Sub Saharan ◽  
Ssa Countries

Background: A major question that received the attention of numerous theoretical and empirical studies during the past few decades relates to the issue of output growth decomposition and the sources of economic growth. The literature focuses on two sources of growth: factor accumulation (mainly physical capital) and total factor productivity (TFP) growth, presenting inconclusive results as to the relative importance of each.Aim: This article investigates the relative importance of physical capital accumulation and TFP in explaining output growth in 36 sub-Saharan African (SSA) countries over 1996–2014. The possibility of TFP-induced input effects is tested in order to better assess the role of TFP in total output growth.Setting: 36 SSA countries over the period 1996–2014.Method: The article uses a stochastic frontier analysis, an empirical methodology that decomposes total output growth into input growth, technological change and technical efficiency change.Results: The contribution of physical capital to total growth exceeds that of TFP in 22 out of the 36 countries. The result withstands issues of TFP-induced effects on inputs.Conclusion: A large share of growth in SSA is explained by factor inputs and not by TFP. There is therefore room for TFP to further increase growth in SSA. In order to create more opportunities for growth, SSA countries ought to invest in productivity-enhancing factors.

scholarly journals Commodity Price Shocks And Macroeconomic Performance In Sub-Saharan Africa

2020 ◽  
Vol 8 (5) ◽  
pp. 169-182
Author(s):  
Ogunsakin Sanya
Keyword(s):  
Commodity Price ◽  
Output Growth ◽  
Sub Saharan Africa ◽  
Macroeconomic Performance ◽  
Price Shocks ◽  
African Countries ◽  
The World ◽  
Commodity Price Shocks ◽  
Sub Saharan ◽  
The Relationship

This study investigated the relationship between commodity price shocks and output growth in Sub-Saharan African countries using panel data which covered the period between 2005 and 2017. Data for the study were sourced from the World Development Indicators (WDI). Data base of the World Bank, The IMF’S International Financial Statistics (IFM) and Publications of Central Banks of various countries selected. The study employed Generalized Movement Average (GMM) as the estimation technique. Findings from the study showed that positive changes in the prices of export commodities has little positive impact on macroeconomic performance in Sub-Saharan Africa while negative price change has negative and significant impact on macroeconomic performance in Sub-Saharan African countries during study period. Based on these findings, the study therefore concludes that the relationship between commodity price shocks and macroeconomic performance in Sub-Saharan Africa is asymmetric. The study recommends that countries in Sub-Saharan Africa should introduce and implement policies to withstand shocks that may come from commodity price shocks such as economic diversification not only in area of agriculture but also in the area of industrialization and manufacturing.

The Monetary Transmission Mechanism

2018 ◽  
Author(s):  
Andrew Berg ◽  
Jan Vlcek ◽  
Luisa Charry ◽  
Rafael A. Portillo
Keyword(s):  
Monetary Policy ◽  
Low Income ◽  
Output Growth ◽  
Transmission Mechanism ◽  
Sub Saharan Africa ◽  
Low Income Countries ◽  
Policy Regime ◽  
East African Community ◽  
Study Approach ◽  
Sub Saharan

Many central banks in low-income countries in sub-Saharan Africa are modernizing their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary policy transmission in such countries. This chapter takes a case study approach and examines a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania, and Rwanda. The authors find evidence of the transmission mechanism in most of the countries. After a large policy-induced rise in the short-term interest rate in Kenya and Uganda, lending rates rose, the exchange rate appreciated, output growth tended to fall, and inflation declined. The other two countries present somewhat different pictures. Variations across countries can be explained mainly by differences in the policy regime.

scholarly journals Unemployment and Output Growth: Evidence from Upper-Middle-Income Countries in Sub-Saharan Africa

2018 ◽  
Vol 3 (1) ◽  
pp. 32-43 ◽  
Author(s):  
Ihensekhien Orobosa Abraham ◽  
Aisien Leonard Nosa
Keyword(s):  
Growth Rate ◽  
Least Squares ◽  
Unemployment Rate ◽  
Output Growth ◽  
Sub Saharan Africa ◽  
Economic Activities ◽  
Middle Income ◽  
Middle Income Countries ◽  
Sub Saharan ◽  
Negative Relationships

Several studies have found a negative relationship between unemployment rate and output growth rate. But such has not been ascertained concerning upper middle-income countries in Sub-Saharan Africa (SSA). Hence this paper examined this relationship using Panel Least Squares and Ordinary Least Squares estimation techniques based on annual series data from 1991 to 2017. The paper observed that the average output growth rate for upper middle-income countries in SSA in the period of the study was 6.36% while that of the unemployment average rate was 15.87%. The results of the panel Least Squares estimation reveals the existence of negative relationships between unemployment rate and output growth rate. In the country specific study, results from Botswana, Gabon, Mauritius and South Africa shows a positive relationship between unemployment and output growth rates revealing a case of non-inclusive growth. However, Equatorial Guinea and Namibia data on unemployment and output growth had negative relationships. The counter factual analyses conducted on the unemployment variable in term of some percentage reduction indicated that as more persons are employed there will be an increase in output growth. The findings, therefore suggests that the  government should  create more jobs based on labour intensive industries in upper middle-income countries in SSA, that the ratio of output growth needed to maintain  stable level of unemployment rate could be sustained when there are boost in economic activities. Countries in upper middle-income in SSA  that exhibited positive relationship between unemployment rate and output growth rate should concentrate more on how to increase the level of output growth rate through the boost in economic activities. Governments of these upper middle-income countries should have good policy mix focused on the reduction of unemployment at all levels.

RTS,S/AS01, a vaccine targeting pre-erythrocytic stages of Plasmodium falciparum

2017 ◽  
Vol 1 (6) ◽  
pp. 533-537
Author(s):  
Lorenz von Seidlein ◽  
Borimas Hanboonkunupakarn ◽  
Podjanee Jittmala ◽  
Sasithon Pukrittayakamee
Keyword(s):  
Protective Efficacy ◽  
Age Groups ◽  
Sub Saharan Africa ◽  
Phase Iii ◽  
European Medicines Agency ◽  
Older Children ◽  
Pivotal Phase ◽  
Malaria Epidemiology ◽  
Maximum Benefit ◽  
Sub Saharan

RTS,S/AS01 is the most advanced vaccine to prevent malaria. It is safe and moderately effective. A large pivotal phase III trial in over 15 000 young children in sub-Saharan Africa completed in 2014 showed that the vaccine could protect around one-third of children (aged 5–17 months) and one-fourth of infants (aged 6–12 weeks) from uncomplicated falciparum malaria. The European Medicines Agency approved licensing and programmatic roll-out of the RTSS vaccine in malaria endemic countries in sub-Saharan Africa. WHO is planning further studies in a large Malaria Vaccine Implementation Programme, in more than 400 000 young African children. With the changing malaria epidemiology in Africa resulting in older children at risk, alternative modes of employment are under evaluation, for example the use of RTS,S/AS01 in older children as part of seasonal malaria prophylaxis. Another strategy is combining mass drug administrations with mass vaccine campaigns for all age groups in regional malaria elimination campaigns. A phase II trial is ongoing to evaluate the safety and immunogenicity of the RTSS in combination with antimalarial drugs in Thailand. Such novel approaches aim to extract the maximum benefit from the well-documented, short-lasting protective efficacy of RTS,S/AS01.

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