The agreement establishing the African Continental Free Trade Area (AfCFTA) has been attracting a great deal of attention in academic and policy circles, as well as within the international development community. The growing interest in the AfCFTA partly reflects the fact that the African...

This paper draws on a general equilibrium poisson pseudo maximum likelihood model augmented by a dynamic capital accumulation to estimate the effects of the African Continental Free Trade Agreement (AfCFTA) on intra-African trade flows. The empirical results show that the AfCFTA could raise...

Although development generally refers to a broad concept, the quest for development in Sub-Saharan Africa has been biased by ideological considerations which made abstraction of local conditions and people's aspirations. The prevalent development models have used increased national income as a...

Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...

Despite the recent increase in foreign direct investment (FDI) to African countries, these resources have not had a meaningful impact on economic development because of limited effects on domestic factor markets, especially domestic investment and employment. In this context, this study analyses...