African Development Review-Revue Africaine De Developpement最新文献

We analyse the effect of education on gender parity in wage employment in sub-Saharan African countries. The data used cover a panel of 43 countries over the period 2000–2019. The two-stage least squares method is used. The results show that secondary and tertiary education and gender parity in education improve gender equality in wage employment. Therefore, to reduce gender inequality in wage employment, African countries should promote gender equality, particularly in secondary and tertiary education, by adopting policies to alleviate the conditions and costs of schooling for girls.

In the context of sub-Saharan Africa (SSA), characterized by abundant natural resources and persistent challenges in economic growth, this paper explores the effect of economic complexity (EC) on natural resource depletion (NRD) from 1997 to 2017. To this end, the study employs data mainly from the World Development Indicators on 36 SSA countries. Using both the pooled ordinary least squares and the two-step system generalized method of moments estimation techniques, the results indicate that EC significantly contributes to reducing the exhaustion of natural resources in SSA during the study period. The findings equally suggest that government expenditure on education, as well as gross domestic product per capita, exert a reducing effect on NRD, while energy use, foreign direct investment, and urbanization are vectors of resource exhaustion in the region. The results remain consistent when an alternative measure of EC is applied as well as when different estimation strategies are used. This offers scope for a reminder for proper management policies to be edited and applied regarding these mostly nonrenewable resources.

Empirical evidence on the benefits of international ownership for small and medium-sized enterprises (SMEs) financial performance is either not available for most African and Middle Eastern countries or presents mixed results. In this paper, we investigate this further by examining the effects of ownership structure on firm performance, using financial data covering SMEs in 60 African and Middle Eastern countries, for the years 2006–2015. Results from pooled ordinary least squares and random-effects estimations indicate that international ownership is significantly positively correlated with firm performance for (most of) Africa and the Middle East. Examining the interaction of international ownership with capital resources, we find that internationally owned firms do not use capital more efficiently than locally owned firms, implying that internationally owned firms use international resources—other than capital—more efficiently.

Promoting decentralization is currently high on the global agenda. To date, the existing literature in the African context, and more specifically in Cameroon, has not established a link between the size of local authorities and the efficiency of their infrastructure spending. This study therefore attempts to fill this gap in the literature by empirically examining the effect of population size on the efficiency of local public spending in Cameroon. Using the two-stage Data Envelopment Analysis model on a sample of 100 communes for the period 2017–2020 to estimate composite efficiency scores and the censored Tobit model to determine the effect of population size on the efficiency of local public spending, the results show that population size and density positively and very significantly affect the efficiency of local public spending. In light of these results, we recommend that the state make population size the main allocation key for transfers and subsidies to local authorities and that communes organize themselves into inter-municipalities to benefit from economies of scale and curb spillover effects.

This paper calculates the trade efficiency of China's exports to Africa by considering trade inefficiency factors, such as Chinese aid to Africa and Chinese contracted projects. Based on a stochastic frontier gravity model and data for China's exports to 38 African countries from 2010 to 2020, this study draws the following conclusions. First, trade inefficiencies, such as China's aid and contracted projects, play a positive role in promoting China's export trade to Africa. Second, the efficiency of China's export trade to Africa varies significantly in different regions, among which countries with high export trade efficiency are concentrated in North and South Africa. Third, the trade potential and trade expansion space of China's exports to Africa vary significantly among different product sectors, which provides much space for promoting trade policy. We highlight that China's government should develop differentiated regional trade policies due to regional heterogeneity in terms of export trade efficiency between China and African countries.

The study investigates the effect of FinTech on financial inclusion in Southern African Development Community (SADC) member states over the period 2011–2021, while also looking at the transmission channels. The study adopts a battery of econometric techniques such as ordinary least squares (OLS), the two-step system generalized method of moments (GMM) and the Driscoll and Kraay covariance estimator. The study finds that FinTech (proxied by digitization) deepens financial inclusion (access to loan) and a decline in the number of bank branches in SADC member states. This is logical since the operations of FinTech are digital. This implies that an attempt to promote financial inclusion by traditional means such as building physical bank structures may be limited, especially in Africa where large swathes of the populace remain unbanked. As expected, FinTech (measured by automated teller machines [ATMs]) increases the number of bank branches in SADC. We also find that mobile cellular subscription, the share of population with access to electricity and Internet access and mean years of schooling are important transmission channels of FinTech to financial inclusion in SADC. In general, the result shows that FinTech enhances and deepens financial inclusion in SADC member states. The research and policy implications are discussed.

Using data for 22 sub-Saharan African (SSA) countries, this paper investigates the effects of public debt on economic growth in SSA countries covering the period 1990–2021. Relying upon the estimation of Panel Smooth Transition Regression and generalized method of moments method, our findings offer strong evidence that public debt nonlinearly impacts economic growth. More specifically, there exists a threshold beyond which public debt exerts a negative effect on growth. These results can be used to formulate economic recommendations that the public authorities could implement to improve public debt management and maintain stable economic growth.

In a context marked by an upsurge in the scale of climate change and its consequences in Africa, this article explores ways to increase the resilience of African economies. It aims to analyze the effect of industrialization on the continent's vulnerability to climate change (VCC). The sample used for this purpose consists of 41 African countries from 2010 to 2021. A dynamic panel model is estimated using the system generalized method of moments. Results show that industrialization reduces the VCC in African countries. It reduces their sensitivity to climate change while increasing their adaptive capacity. Furthermore, results show that industrialization is more likely to reduce the VCC in sectors such as ecosystems, habitat, health, and infrastructures whereas it increases vulnerability to climate change in the food and water sectors. The results, however, reject the environmental Kuznets curve hypothesis between industrialization and VCC. These results are robust to the change in industrialization measures. Therefore, African countries would benefit from pursuing their industrial development through greater use of renewable energy. This can help them to sustainably reduce their VCC. In addition, they need to implement specific measures to adapt to climate change in the food and water sectors.