Focused on the case of China’s financial development, the present discursive essay sets out to argue that if the Chinese financial system distorted the allocation of funds then economic growth could not be sustained and financial depth would remain deficient. The essay puts forward selected...

This paper attempts to shed light on the efficiency/effectiveness issues of informal financial markets and the pattern of portfolio allocation shift in response to change in interest rate, in the process of financial liberalization. The two issues have been both controversial and hotly debated...

This paper explores the underlying dimensions of absorptive capacity and its impact on the performance for firms in Zambia and Mauritius. It first defines a firm's capacity to absorb spillovers as a latent variable observable indirectly through its underlying dimensions. By means of structural...

The determination of the causal pattern among inflation, money growth, and exchange rate has important implications for policymakers regarding appropriate stabilization policies in developing economies. Using Congolese data where the pace of broad money growth and hyperinflation (23,760% annual...

The likelihood that China’s economic recovery will affect the growth of selected African economies (Botswana, Ghana, Kenya, Nigeria, and South Africa) was investigated by examining annual co-movements in GDP. Using aggregate outputs as proxies for business cycle indicators along with a...

This article analyzes how the global financial crisis is affecting African economies and identifies risks ahead with respect to prospects for development. Preliminary assessment shows that the aftershocks of the global meltdown have affected African economies through declines in exports of...

This paper tests the exports to China-led growth and imports from China-led growth hypotheses using Toda-Yamamoto's version of Granger non-causality combined with Johannes's cointegration and bootstrap diagnostic tests. The findings seemingly downplay the importance of the export-led growth...

The paper empirically examines the causal interactions between Chinese financial development and economic growth using the perspective of complex systems as a metaphor in an attempt to provide a better understanding of the co-evolution of China's real and financial sectors. Using Hsiao's version...

China‘s strong economic performance and its financial development outcomes are extremely difficult to reconcile with the dominant verdict that its financial system is seriously inefficient. Using an evolutionary perspective as a metaphor, this essay offered suggestions that adaptive efficiency...

This essay has explored the validity of Marxist dependency theories in the context of the emerging China-Africa trade and economic relations. Whereas dependency theory assumes that economic domination runs across north-south geoeconomic patterns, this discussion has shown that the China-Africa...