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Africa

Trade Openness and Fertility Rates in Africa: Panel Data Evidence

Manoel Bittencourt, Matthew Clance and Yoseph Y. Getachew
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...
Jan 2020
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Market Potential, Agglomeration Effects and the Location of French Firms in Africa

Alain Pholo Bala, Michel Tenikue and Baraka Nafari
This paper informs the debate on the existence of agglomeration effects in Africa. It uses a structural estimation approach to investigate the impact of agglomeration economies and forward linkages on the localization of French affiliates in Africa. Using a sample of French subsidiaries in Africa,...
Mar 2019
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Demand-side determinants of access to healthcare service: Empirical evidence from Africa

Wa Ntita Serge Kabongo and Josue Mbonigaba
This study identifies the key determinants of access to healthcare in Africa and estimates the short-run and long-run effects of these determinants. Panel data from 37 African countries, collected from the World Bank Development Indicators and World Health Organisation databases for the period 1995...
Oct 2016
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Why local context matters: de jure and de facto property rights in colonial South Africa

Christie Swanepoel and Johan Fourie
For economic transactions, including debt transactions, to occur in a market system, property rights are essential. The literature has focussed on finding empirical proof of the effect of property right regimes, noting differences between de jure and de facto property rights. Yet most of these...
Jul 2016
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Determinants of Cross-Border Mergers and Acquisitions Targeting Africa: 1991-2011

MK Wilson and DJM Vencatachellum
The fast output growth that a number of countries in Sub-Saharan Africa have achieved in the last decade has led to significant inflow of FDI into the continent. A number of studies have examined the trend of such FDI inflows generally but only a few have focused on these flows that are mainly...
Apr 2016
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Trade Linkages and Business Cycle Co-movement: An Empirical Analysis of Africa and its Main Trading Partners using Global VAR

Emilie Chanceline Kinfack and Lumengo Bonga-Bonga
This paper assesses the extent of trade linkages and shock transmission between African economies and its main trading partners, namely China, Europe and the United States (US). Using the global vector autoregressive (GVAR) model, the paper investigates how shock transmission between Africa and its...
Apr 2015
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The Cape of Perfect Storms: Colonial Africa’s first financial crash, 1788-1793

Roy Havemann and Johan Fourie
This paper investigates the causes and consequences of colonial Africa’s first financial crash, which happened in South Africa’s Dutch Cape Colony. The 1788–1793 crisis followed a common sequence of events: trade and fiscal deficits were monetized by printing money, credit extension accelerated,...
Apr 2015
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Addressing structural change issues in the context of South Africa's political dispensation

Biniam E. Bedasso
The current structure of South Africa’s economy is partly a product of the terms of the country’s political dispensation. The availability of capital mobility as an exit option is a key aspect of South Africa’s negotiated democracy. As long as inequality remains high, capital continues to gravitate...
Nov 2014
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Optimal Public Investment, Growth, and Consumption: Fresh Evidence from African Countries

Augustin Kwasi Fosu, Yoseph Getachew, Thomas H.W. Ziesemer
This paper develops a model positing a nonlinear relationship between public investment and growth. The model is then applied to a panel of African countries using nonlinear estimating procedures. The growth-maximizing level of public investment is estimated at about 10 percent of GDP based on...
Oct 2014
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Political transition in a small open economy: Retracing the economic trail of South Africa’s long walk to democracy

Biniam E. Bedasso
This paper seeks to offer an economic explanation for the emergence of democracy in societies with high income inequality and narrow middle-class such as Apartheid South Africa. The presence of a credible threat of capital flight is shown to render democracy less unpleasant to the elites by making...
Sep 2014
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