scholarly journals Towards Ecological Sustainability: Assessing Dynamic Total-Factor Ecology Efficiency in Africa

2021 ◽  
Vol 18 (17) ◽  
pp. 9323
Author(s):  
Nelson Amowine ◽  
Huaizong Li ◽  
Kofi Baah Boamah ◽  
Zhixiang Zhou
Keyword(s):  
Trade Openness ◽  
Efficiency Score ◽  
Ecological Sustainability ◽  
Ecological Efficiency ◽  
African Countries ◽  
Technological Gap ◽  
Adequate Knowledge ◽  
Gap Ratio ◽  
Viable Solution ◽  
Projection Analysis

Ecological footprint (EF) and human development index (HDI) are two critical indicators for assessing sustainable development worldwide. Past studies in Africa have ignored dynamic sustainable total-factor ecological efficiency (DSTFEE) assessment. This present study proffers a novel dynamic sustainable total-factor ecological efficiency (DSTFEE) that comprehensively assesses the ecological efficiency among 44 sampled African economies from 2010 to 2016. Our study incorporates EF and HDI in the model. Second, the study evaluates regional DSTFEE heterogeneity efficiency as well as the technological gap efficiency in Africa. Further, projection analysis is done to offer a viable solution path to address the inefficient African countries. Third, the study investigates the determinants of ecological efficiency using the bootstrap truncation regression technique. The results from the implemented models are as follows: first, the DSTFEE for the 44 sampled African countries is very low (0.403), indicating enormous potential for improvement. Second, the heterogeneity of DSTFEE across the five Africa regional blocs is evident. The southern bloc had the highest efficiency score, followed by the northern, central, western, and eastern regions. The technology gap ratio also reveals a massive gap among the five Africa regional blocs. Third, the bootstrap truncation regression results established a U-shape nexus between growth and DSTFEE in Africa. REC and trade openness is positively corrected to DSTFEE for African countries. In contrast, financial development, foreign direct investment (FDI), and urbanization impede dynamic ecological efficiency in Africa. The study’s results equip African countries with adequate knowledge of their ecological efficiency situation and provide them a viable path to improve environmental efficiency, thereby boosting their ecological sustainability.

scholarly journals Long-Run and Short-Run Effects of Trade Openness on Life Quality in Sub-Saharan Africa

2021 ◽  
Vol 11 (8) ◽  
pp. 72-83
Author(s):  
Guivis Zeufack Nkemgha ◽  
Aimée Viviane Mbita ◽  
Symphorin Engone Mve ◽  
Rodrigue Tchoffo
Keyword(s):  
Trade Openness ◽  
Life Quality ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Pooled Mean Group ◽  
Long Run ◽  
Short Run ◽  
French Colonies ◽  
Sub Saharan ◽  
British Colonies

This paper contributes to the understanding of the other neglected effects of trade openness by analysing how it affects life quality in sub-Saharan African countries over the period 2000–2016. We used two trade openness indicators, namely: Squalli and Wilson index and the rate of trade. The empirical evidence is based on a pooled mean group approach. With two panels differentiated by their colonial origin, the following findings are established: the trade openness variable measured by Squalli and Wilson index has no effect on life quality in the both groups of countries in the short-run. However, it has a positive and significant effect on life quality in the both group of countries in the long-run. The use of the rate of trade confirms the results in the both groups of countries in the long-run. The contribution of trade openness to life quality is 3.27 and 5.19 times higher in the Former British Colonies than that recorded in the Former French Colonies of SSA respectively to the use of Squalli and Wilson index and the rate of trade. Overall, we find strong evidence supporting the view that trade openness promotes life quality in SSA countries in the long run.

scholarly journals An Examination of Drivers of Financial development: Evidence in West African Countries.

2018 ◽  
Vol 6 (1) ◽  
pp. 132-143
Author(s):  
Adewosi, O. Adegoke ◽  
Manu Donga ◽  
Adamu Idi ◽  
Buba Abdullahi
Keyword(s):  
Financial Development ◽  
Developing Economies ◽  
Negative Impact ◽  
Trade Openness ◽  
Government Expenditure ◽  
Political Stability ◽  
Vital Role ◽  
West African ◽  
African Countries ◽  
Panel Data Estimation

Financial development has been considered to play a vital role in promoting rapid growth and development of the developing economies. This paper examined the drivers of financial development in West African Countries. Benin Republic, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo over the period of 2000 to 2015, with the proper utilization of panel data estimation technique on the annual country data obtained from World Development Indicators (WDI) 2016 and Worldwide Governance Indicators (WGI) 2016. The results reveals that some important variables such as coefficient of rule of law, political stability, foreign direct investment, government expenditure, inflation and savings positively determined financial development. While, credit to private sector, GDP, interest rate, trade openness, and capital formation were found to negative impact on financial development. The study then recommends amongst others formulation and implementation of fiscal and monetary policies that foster financial development.

Challenging the Orthodoxy: African Development in the Age of Openness

2007 ◽  
Vol 6 (4) ◽  
pp. 457-493 ◽  
Author(s):  
Jamee Moudud ◽  
Karl Botchway
Keyword(s):  
Trade Openness ◽  
Developmental State ◽  
Policy Position ◽  
Income Convergence ◽  
African Countries ◽  
African Development ◽  
The North ◽  
Empirical Level ◽  
History Of ◽  
Sub Saharan

AbstractDoes trade openness necessarily lead to income convergence between countries in the North and South and hence facilitates social development? This paper challenges this claim with regards to African development in the age of neo-liberalism. The paper argues that a one-sided reading of the history of an early phase of globalization by advocates of neo-liberalism seems to have turned trade openness into a mantra for African development. Furthermore the paper challenges the rhetoric of competitiveness that underpins the rationale for neo-liberalism by critiquing the neoclassical model of competition. The neo-liberal policy position, as the paper suggests is problematic at an empirical level also. In a test for convergence for eleven sub-Saharan African countries described as good adjusters by advocates of trade openness, the paper shows that a straightforward openness per se guarantees nothing as far their growth rates are concerned. Rather this paper suggests that the role of the “developmental state” needs to be brought back in order to facilitate the international competitiveness of African countries. It will be argued that such a role for the developmental state rests on a very different conceptualization of the nature of capitalist competition and growth. In the final instance, then, we suggest the need for building a theory of the developmental state that rests on non-neoclassical macro- and micro-foundations.

scholarly journals Trade Openness and Competitiveness: BRICS and Sub-Saharan Africa Countries

2021 ◽  
Vol 16 (1) ◽  
pp. 64-84
Author(s):  
Lamia Jamel ◽  
◽  
Abdelkader Derbali ◽  
Ali Lamouchi ◽  
Ahmed Elnagar ◽  
...  
Keyword(s):  
Trade Openness ◽  
Industrial Sector ◽  
Trade Flows ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Brics Countries ◽  
Manufactured Products ◽  
Identification Test ◽  
Sub Saharan ◽  
Do So

The aim of this study is to highlight the key competitiveness elements that promote trade flows between the BRICS countries of Brazil, Russia, India, China and South Africa and those in Sub-Saharan Africa. To do so, we employ the econometrics of panel data during the period of study from 1995 to 2018. We apply the Blundell and Bond GMM estimator [1998] and we utilize Sargan’s [1958] over-identification test to confirm the validity of delayed variables in level and difference as instruments used in our estimations. The empirical findings of our study show that trade policy actions, high natural resource allocation and the evolution of gross domestic product (GDP) per capita of the participating countries promote this trade openness between BRICS and Sub-Saharan Africa economies. Additionally, African countries need to develop their industrial sector to export more high-value manufactured products.

scholarly journals Determinants of Venture Capital Supply in Sub-Saharan Africa

2017 ◽  
Vol 9 (4(J)) ◽  
pp. 87-97
Author(s):  
Olabanji Oni
Keyword(s):  
Foreign Direct Investment ◽  
Venture Capital ◽  
Initial Public Offering ◽  
Unemployment Rate ◽  
Direct Investment ◽  
Trade Openness ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Public Offering ◽  
Market Capitalisation

The purpose of this paper is to determine the variables that influence venture capital supply in Sub-Sahara Africa. The study developed econometric models and examined a 10-year period (2006 to 2015) pertaining to eight (8) Sub-Sahara African countries namely: Botswana, Ivory Coast, Ghana, Kenya, Mauritius, Nigeria, South Africa and Uganda. The empirical model includes six determinants (initial public offering, market capitalisation, unemployment rate, foreign direct investment inflow, inflation rate and trade openness). Secondary data was utilised for the study. The primary sources of data were the World Bank Development indicators and Preqin data base. All the statistical analyses in the study were performed using E-views version 8. Panel data models of pooled, fixed and random effects were employed. The results suggest that there is a significant positive relationship between initial public offering, market capitalisation and venture capital supply. Second, there is no significant relationship between unemployment rate, foreign direct investment inflows, trade openness and venture capital supply. Based on the empirical findings, this study recommends that Sub-Sahara African governments should attempt to develop their economies by improving infrastructure and corporate governance. There is also a need for African countries to develop the equity market.

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