Welfare implications of external debt and capital flight in Sub-Saharan Africa (Evidence using panel data modelling)

2021 ◽  
Vol 71 (2) ◽  
pp. 347-367
Author(s):  
Isaac Kwesi Ampah ◽  
Gábor Dávid Kiss
Keyword(s):  
External Debt ◽  
Estimation Method ◽  
Sub Saharan Africa ◽  
Capital Flight ◽  
Poor Countries ◽  
The People ◽  
General Welfare ◽  
Heavily Indebted Poor Countries ◽  
Sub Saharan ◽  
External Borrowing

AbstractThe countries in Sub-Saharan Africa (SSA) have experienced a positive growth rate of over five per cent per year, on average, since their transition from the Heavily Indebted Poor Countries Initiative in 1996 and the Multilateral Debt Relief Initiative in 2006. Despite this growth, poverty and inequality are still very high. Employing the Driscoll – Kraay standard panel estimation method and dataset from 1990 to 2015, this paper sets out to examine the implications of external debt and capital flight on the general welfare of the people. The estimation results reveal that both external debt and capital flight have a welfare inhibiting effect, suggesting that increases in external borrowing or capital flight may lead to a reduction in the welfare of the people in the sub-region. The study, therefore, recommends to policymakers and government in the sub-region the need to tackle the revolving nature of external borrowing and capital flight and take steps to halt all channels through which deservingly acquired capital leaves the sub-region.

scholarly journals Macroeconomic Volatility and Capital Flights in Sub-Saharan Africa: A Dynamic Panel Estimation of some Selected HIPC Countries

2018 ◽  
Vol 9 (5) ◽  
pp. 165-176
Author(s):  
Kiss Gabor David ◽  
Isaac Kwesi Ampah
Keyword(s):  
Sub Saharan Africa ◽  
Macroeconomic Volatility ◽  
Poor Countries ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Domestic Capital ◽  
Heavily Indebted Poor Countries ◽  
Lag Model ◽  
Sub Saharan

Abstract For several years, illicit financial outflows though unobservable have remained rampant in the sub-Saharan Africa (SSA) sub-region. This paper examines whether macroeconomic volatilities as perceived by domestic investors in the sub-region have any influence on these outflows taking some selected Heavily Indebted Poor Countries (HIPC) and dataset for the period 1990 to 2012 as the case study. In addition, the study employs a Generalized Autoregression Heteroscedasticity (GARCH) model and Panel Autoregressive Distributed Lag model in its estimation. The outcomes of the econometric investigation, which reflects the current situation in the sub-region, support the view that domestic investors will withdraw their investments and other financial holdings from the domestic economy if they perceived present and future government policies to be volatile. These results suggest that government in HIPC Countries in SSA should focus on stabilising their macroeconomic and political situation if they want to reduce the outflow of domestic capital.

Human Development Paradigm for South Asia

2018 ◽  
Keyword(s):  
South Asia ◽  
Human Development ◽  
Sub Saharan Africa ◽  
Health And Nutrition ◽  
The People ◽  
Sub Saharan ◽  
Development Paradigm

In the chapter, Haq gives a snapshot of the human progress of South Asia, comparing it with other regions. He was worried about the region beginning to lag behind all other regions, including Sub-Saharan Africa. He highlights the role of the two largest economies in the region, India and Pakistan, in financing the major investment in education, health and nutrition for the people. Haq advocates some fiscal and monetary reforms are suggested to invest in human development.

scholarly journals Developing learning diaries for action research on healthcare management in Ghana, Tanzania and Uganda

2016 ◽  
Vol 14 (4) ◽  
pp. 412-434 ◽  
Author(s):  
Comfort Mshelia ◽  
Gillian Lê ◽  
Tolib Mirzoev ◽  
Samuel Amon ◽  
Ambrose Kessy ◽  
...  
Keyword(s):  
Action Research ◽  
Health Management ◽  
Healthcare Management ◽  
Sub Saharan Africa ◽  
District Health ◽  
The People ◽  
Effective Form ◽  
Recording Process ◽  
Specific Practice ◽  
Sub Saharan

Action research (AR) can be an effective form of ‘on the job’ training. However, it is critical that AR cycles can be appropriately recorded in order to contribute to reflection and learning. One form of recording is for coresearchers to keep a diary. We found no previous literature describing the use of diaries in AR in sub-Saharan Africa. We therefore use this paper to reflect on how diaries were used by district health management teams in the PERFORM project. We share five lessons from our experience. First, it is important to foster ownership of the diary by the people who are responsible for filling it in. Second, the purpose of keeping a diary needs to be clear and shared between researchers and practitioners from the very beginning. Third, diaries should be allowed to evolve. Fourth, it is a challenge for busy practitioners to record the reflection and learning processes that they go through. Last, diaries on their own are not sufficient to capture reflection and learning. In conclusion, there is no best way for practitioners to keep a diary; rather the focus should be on ensuring that an AR recording process (whether diary or otherwise) is locally owned and complements the specific practice setting.

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