We study the effect of trade openness on fertility rates in fifty African countries during the1962 - 2010 period. By disaggregating the trade openness data in novel ways, and allowing for country and time fixed effects, our results indicate that trade openness and imports of manufactured goods are significantly related to lower fertility. Furthermore, trade with the former colonial powers and imports of high-skilled manufactured goods, which include television receivers and telecommunications equipment, are significantly related to lower fertility too.
Policymakers need better information regarding wellbeing inequality to ascertain the contributing factors and to determine whether policy has been successful in improving the spread over time. In this paper, we construct a multidimensional composite wellbeing measure, at a micro level, which includes “economic and non-economic” and “objective and subjective measures” of wellbeing. We use NIDS data spanning the period 2008 – 2015. We compare the results on measuring wellbeing inequality using the composite index and income.
The majority of African states continue to be regarded as extractive states. We use the Cape Colony's public expenditure to account for the emergence of extractive states in Africa. With a sub-imperial role for Southern African colonial expansion, the Cape Colony became a template for extractive practices that continue to characterize the region. Using public expenditure data, budget debates and existing historiography, we trace the elite competition for limited public resources that associated the Cape's transition from an agrarian society to a mining-led economy.
Background: Since the early 1980s, many governments have investigated the possibility of utilising access to microloans as a pathway to grow economies out of unemployment and thereby improve people's quality of life. Studies that have previously investigated the impact of microloans found a positive relationship to quality of life. Unfortunately, these studies mainly measure quality of life using monetary (income) measures rather than assessing the entire multidimensionality of quality of life.
The purpose of this study is to add to the empirical literature regarding quality of life convergence dynamics. It achieves this by analysing and comparing income and income-independent quality of life (IIQoL) convergence dynamics across South Africa's 234 municipalities for the period 1996-2014. The study tested for convergence and utilised dynamic panel methods (systems GMM). The results indicate unconditional convergence in both income and IIQoL but at different rates.
This study examines the effect of financial structure on economic growth in Sub Saharan Africa. The sample consists of both low and middle income countries, whose financial systems range from poorly developed to relatively well- developed in the context of developing countries. Using dynamic panel estimation techniques, the study investigates both the short and long-run effects of financial structure on growth, focusing on 14 SSA countries over the period 1980-2014.
This paper hypothesises that the saving rate and technological progress are interdependently determined by a common exogenous source, so that an exogenous shock to the saving rate determines long-run growth transitions. In an open economy, the saving rate measures the quality of capital investment.