scholarly journals Violent Conflict and Political Development Over the Long Run: China Versus Europe

2018 ◽  
Vol 21 (1) ◽  
pp. 341-358 ◽  
Author(s):  
Mark Dincecco ◽  
Yuhua Wang
Keyword(s):  
Political Development ◽  
Political Geography ◽  
Political Representation ◽  
Violent Conflict ◽  
Sub Saharan Africa ◽  
Tax Revenue ◽  
Long Run ◽  
Bargaining Position ◽  
Sub Saharan ◽  
The Relationship

Is the traditional logic by which violent conflict fosters long-run political development universal? To help address this question, this article compares Europe with China. While historical warfare was very common across both units, representative government flourished only in Europe. We suggest that the relationship between violent conflict and political development depends on the underlying political geography context. In Europe, political fragmentation was rampant. Thus, conflict tended to be external (i.e., interstate), and attack threats were multidirectional. Furthermore, exit ability was high in this context. Elites were therefore in a strong bargaining position to demand political representation in return for new tax revenue. China, by contrast, was politically centralized. Here, conflict tended to be internal, attack threats were unidirectional, and exit ability was low. The emperor was thus powerful enough to extract tax funds without surrendering political control. In this context, violent conflict promoted autocratic re-entrenchment. We conclude by briefly analyzing the relationships between political geography, historical conflict, and political development in sub-Saharan Africa and Latin America.

scholarly journals Nexus of Market Risk, Dividend Policy and Commercial Banks’ Performance in Sub-Saharan Africa

2020 ◽  
Vol 20 (2) ◽  
pp. 279-297
Author(s):  
Odunayo M. Olarewaju
Keyword(s):  
Commercial Banks ◽  
Dividend Policy ◽  
Banking Sector ◽  
Market Risk ◽  
Agency Cost ◽  
Sub Saharan Africa ◽  
Bank Performance ◽  
Long Run ◽  
Sub Saharan ◽  
The Relationship

Abstract Research Background: The concept of risk is of great importance in any financial system, due to unstable economic situations and fluctuating environmental factors. Like other variables, risk has a significant effect on firms’ returns and profit. Purpose: This study aims at examining the relationship between dividend policy and performance taking cognisance of the uncontrollable risk (market risk). Research methodology: This study was modelled using 250 commercial banks from 30 selected Sub-Saharan African countries in the period 2008 to 2017. The Panel-Vector Error Correction Model was used to estimate the model. Result: From the long run analysis, a long run relationship between dividend policy, agency cost, and bank performance is evident. The disequilibrium will take about 39.5% yearly speed of adjustment to return to a steady state. There is an inverse relationship between Lending interest rate (market risk proxy) with bank performance while there is a positive relationship of foreign exchange rate (market risk proxy) and bank performance in SSA. Novelty: Market risk’s influence on the relationship between dividend policy and bank performance was firstly established. Therefore, it is recommended that the banking sector in SSA should focus more on endogenous factors and review some of their policies as these contribute more significantly to variations in their performance than exogenous factors.

scholarly journals Growth effects of migrants’ remittances in selected Sub-Saharan African countries

2013 ◽  
Vol 6 (3) ◽  
Author(s):  
Taiwo Ajilore ◽  
Sylvanus Ikhide
Keyword(s):  
Economic Growth ◽  
Cape Verde ◽  
Sub Saharan Africa ◽  
Empirical Literature ◽  
African Countries ◽  
Country Level ◽  
Real Gdp ◽  
Long Run ◽  
Sub Saharan ◽  
The Relationship

The study examined the assumption that ‘size matters’ in the empirical controversy of the relationship between migrants’ remittances and economic growth. This is done through an empirical analysis of the remittances-growth relationships in selected countries in Sub-Saharan Africa, where remittance inflows are overwhelming proportions of real GDP. The study used data at the country level, for five countries: Cape Verde, Lesotho, Nigeria, Senegal and Togo. The long-run ARDL estimates indicate positive and significant effects of migrants’ remittances on growth performance in Cape Verde and Nigeria, but negative, and slightly significant effects for Lesotho, with no evidence of long-run level relationships between remittances and economic growth in Senegal and Togo. Thus, the assumption that size may matter in the remittance–growth nexus finds no support, as findings provide no significant departure from the existing inconclusiveness of empirical literature on the relationship. For policy, the study advocates country-level policies that improve the efficiency of remittance inflows and promote the use of remittances for developmental purposes.

scholarly journals Relationship among HIV/AIDS Prevalence, Human Capital, Good Governance, and Sustainable Development: Empirical Evidence from Sub-Saharan Africa

2019 ◽  
Vol 11 (5) ◽  
pp. 1348 ◽  
Author(s):  
Jamiu Adetola Odugbesan ◽  
Husam Rjoub
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Good Governance ◽  
Capital Good ◽  
Sub Saharan Africa ◽  
Long Run ◽  
The World ◽  
Sub Saharan ◽  
The Relationship ◽  
Hiv Aids

: Sub-Saharan Africa is regarded as the region that accommodates about 75% of the world HIV/AIDS prevalence as of 2016. Research on the relationship between the epidemic and sustainable development is scant in this part of the world, as available literature is dominated by studies that focus on HIV and economic growth. Therefore, this study examines the relationship between sustainable development and HIV/AIDS prevalence, along with other determinants of sustainable development, such as good governance and human capital in 26 sub-Saharan Africa countries over a 27-year period from 1990—2016. The pooled mean group (PMG) estimator was employed for analysis after it was confirmed by the Hausman test for the estimation of the relationship among the variables. The results revealed a unidirectional long-run and significant relationship between HIV/AIDS prevalence and sustainable development, human capital and good governance, and human capital and sustainable development. Also, a bidirectional long-run relationship was found between good governance and HIV/AIDS prevalence. Estimation of subgroups provides a robustness check for our findings. Therefore, the paper gives new insight to the government of sub-Saharan Africa countries and major stakeholders about how to attain sustainable development in the region, while intensifying efforts on reducing HIV/AIDS prevalence, and at the same time ensuring effective good governance and human capital development.

scholarly journals HIV and cardiovascular disease in sub-Saharan Africa: Demographic and Health Survey data for 4 countries

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Leonard E. Egede ◽  
Rebekah J. Walker ◽  
Patricia Monroe ◽  
Joni S. Williams ◽  
Jennifer A. Campbell ◽  
...  
Keyword(s):  
South Africa ◽  
Cardiovascular Disease ◽  
Health Survey ◽  
Survey Design ◽  
Logistic Models ◽  
Population Data ◽  
Demographic And Health Survey ◽  
Sub Saharan Africa ◽  
Sub Saharan ◽  
The Relationship

Abstract Background Investigate the relationship between two common cardiovascular diseases and HIV in adults living in sub-Saharan Africa using population data provided through the Demographic and Health Survey. Methods Data for four sub-Saharan countries were used. All adults asked questions regarding diagnosis of HIV, diabetes, and hypertension were included in the sample totaling 5356 in Lesotho, 3294 in Namibia, 9917 in Senegal, and 1051 in South Africa. Logistic models were run for each country separately, with self-reported diabetes as the first outcome and self-reported hypertension as the second outcome and HIV status as the primary independent variable. Models were adjusted for age, gender, rural/urban residence and BMI. Complex survey design allowed weighting to the population. Results Prevalence of self-reported diabetes ranged from 3.8% in Namibia to 0.5% in Senegal. Prevalence of self-reported hypertension ranged from 22.9% in Namibia to 0.6% in Senegal. In unadjusted models, individuals with HIV in Lesotho were 2 times more likely to have self-reported diabetes (OR = 2.01, 95% CI 1.08–3.73), however the relationship lost significance after adjustment. Individuals with HIV were less likely to have self-reported diabetes after adjustment in Namibia (OR = 0.29, 95% CI 0.12–0.72) and less likely to have self-reported hypertension after adjustment in Lesotho (OR = 0.63, 95% CI 0.47–0.83). Relationships were not significant for Senegal or South Africa. Discussion HIV did not serve as a risk factor for self-reported cardiovascular disease in sub-Saharan Africa during the years included in this study. However, given the growing prevalence of diabetes and hypertension in the region, and the high prevalence of undiagnosed cardiovascular disease, it will be important to continue to track and monitor cardiovascular disease at the population level and in individuals with and without HIV. Conclusions The odds of self-reported diabetes in individuals with HIV was high in Lesotho and low in Namibia, while the odds of self-reported hypertension in individuals with HIV was low across all 4 countries included in this study. Programs are needed to target individuals that need to manage multiple diseases at once and should consider increasing access to cardiovascular disease management programs for older adults, individuals with high BMI, women, and those living in urban settings.

scholarly journals Implications of Governance, Natural Resources, and Security Threats on Economic Development: Evidence from Sub-Saharan Africa

2021 ◽  
Vol 18 (12) ◽  
pp. 6236
Author(s):  
Husam Rjoub ◽  
Chuka Uzoma Ifediora ◽  
Jamiu Adetola Odugbesan ◽  
Benneth Chiemelie Iloka ◽  
João Xavier Rita ◽  
...  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Causal Effect ◽  
Sub Saharan Africa ◽  
Security Threats ◽  
African Countries ◽  
Significance Level ◽  
Long Run ◽  
Short Run ◽  
Sub Saharan

Sub-Saharan African countries are known to be bedeviled with some challenges hindering the economic development. Meanwhile, some of these issues have not been exhaustively investigated in the context of the region. Thus, this study aimed at investigating the implications of government effectiveness, availability of natural resources, and security threats on the regions’ economic development. Yearly data, spanning from 2007 to 2020, was converted from low frequency (yearly) to high frequency (quarterly) and utilized. Data analysis was conducted using Dynamic heterogeneous panel level estimators (PMG and CS-ARDL). Findings show that while PMG estimator confirms a long-run causal effect of governance, natural resources, and security threats on economic development, only natural resources show a short-run causal effect with economic development, while the CS-ARDL (model 2) confirms the significance of all the variables both in the long and short-run. Moreover, the ECT coefficients for both models were found to be statistically significant at less than 1% significance level, which indicates that the systems return back to equilibrium in case of a shock that causes disequilibrium, and in addition, reveals a stable long-run cointegration among the variables in the model. Finally, this study suggests that the policy makers in SSA countries should place more emphasis on improving governance, managing security challenges, and effectively utilizing rents from the natural resources, as all these have severe implications for the economic development of the region if not addressed.

scholarly journals The Regime-Switching Behaviour of Exchange Rates and Frontier Stock Market Prices in Sub-Saharan Africa

2021 ◽  
Vol 14 (3) ◽  
pp. 122
Author(s):  
Maud Korley ◽  
Evangelos Giouvris
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Regime Switching ◽  
Markov Switching ◽  
Sub Saharan Africa ◽  
Var Model ◽  
High Volatility ◽  
Sub Saharan ◽  
The Relationship ◽  
Fx Market

Frontier markets have become increasingly investible, providing diversification opportunities; however, there is very little research (with conflicting results) on the relationship between Foreign Exchange (FX) and frontier stock markets. Understanding this relationship is important for both international investor and policymakers. The Markov-switching Vector Auto Regressive (VAR) model is used to examine the relationship between FX and frontier stock markets. There are two distinct regimes in both the frontier stock market and the FX market: a low-volatility and a high-volatility regime. In contrast with emerging markets characterised by “high volatility/low return”, frontier stock markets provide high (positive) returns in the high-volatility regime. The high-volatility regime is less persistent than the low-volatility regime, contrary to conventional wisdom. The Markov Switching VAR model indicates that the relationship between the FX market and the stock market is regime-dependent. Changes in the stock market have a significant impact on the FX market during both normal (calm) and crisis (turbulent) periods. However, the reverse effect is weak or nonexistent. The stock-oriented model is the prevalent model for Sub-Saharan African (SSA) countries. Irrespective of the regime, there is no relationship between the stock market and the FX market in Cote d’Ivoire. Our results are robust in model selection and degree of comovement.

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