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various sectors in the context of the Nigerian economy. The Pesaran ARDL approach has been applied to carry out the impact … expenditures and domestic investment with the latter also granger causing real growth in the economy. We, therefore, provide some …
Persistent link: https://www.econbiz.de/10012137618
The study analyses the nature of the nexus between budget deficit and economic growth given inflation trends. It focuses on data from the six CEMAC countries for the period 2000 to 2021. The employs unit root tests and the generalized method of moments (GMM) for the empirical evidence. The...
Persistent link: https://www.econbiz.de/10013468206
Purpose - A spectre is hunting embryonic African monetary zones: the EMU crisis. This paper assesses real, monetary and fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is facing stiff challenges in the timing of...
Persistent link: https://www.econbiz.de/10011410252
This study explores the responses to the COVID-19 pandemic by the Bank of Central African States (BEAC), which is the central bank for countries in the Central African Economic and Monetary Community (CEMAC), that is, Cameroon, Chad, Gabon, Equatorial Guinea, Central African Republic, and the...
Persistent link: https://www.econbiz.de/10012798293
The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
Persistent link: https://www.econbiz.de/10011409169
In this study, we investigate the role of development assistance in reducing a hypothetically negative impact of terrorism on economic growth, using a panel of 78 developing nations with data for the period 1984-2008. The empirical evidence is based on interactive Quantile regressions. Domestic,...
Persistent link: https://www.econbiz.de/10011998255
This study evaluates the economic impact of severe natural disasters in Africa using the generalized synthetic control method. In other words, it assesses how gross domestic product (GDP) would have been affected if severe natural disasters did not occur. Moreover, it explores the determinants...
Persistent link: https://www.econbiz.de/10012799847
This paper measures the macroeconomic impact of recent political crisis, protest and uprisings in Africa with the generalized synthetic control method and evaluates the role played by natural resource dependence on the modulation of the impact. We find that political crisis, protests and...
Persistent link: https://www.econbiz.de/10012650707
beneficial in promoting a green economy for the first and second sample, respectively. Fourth, FDI is beneficial for the green … economy below critical masses of 28.571 of Net FDI inflows (% of GDP) and 33.333 of net FDI inflows (% of GDP) for first and … promoting the green economy in Sub-Saharan Africa. …
Persistent link: https://www.econbiz.de/10012301751
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10011410296