African Development Review-Revue Africaine De Developpement最新文献

Over recent decades, the impact of overlapping regional trade agreements (RTAs) on trade has sparked considerable debate. This study examines the effects of multiple RTA memberships on trade dynamics in Sub-Saharan Africa (SSA). Analyzing panel data from 43 SSA countries over 22 years (2000–2021) using the Poisson-Pseudo Maximum Likelihood estimation technique, we find that countries participating in multiple RTAs engage in enhanced bilateral trade within the SSA region. Furthermore, gaining a hub position is positively associated with increased bilateral trade engagement. Our analysis also confirms that network centrality metrics, derived from potential trade connections, are positively related to trade volume. These findings imply that accession to an additional RTA not only creates more opportunities for integration but may also help mitigate politically motivated trade barriers. Moreover, the market access benefits from participating in multiple RTAs appear to outweigh the complexities associated with establishing rules of origin and lengthy trade negotiations. To significantly boost intra-SSA trade and foster deeper regional integration, policymakers in SSA should prioritize aggressively negotiating and implementing RTAs. Moreover, intraregional trade strategies should prioritize systematically securing hub positions within the regional trade network through RTA membership to maximize trade volumes and drive comprehensive regional integration.

Ces dernières années, les contraintes réglementaires sont de plus en plus considérées comme des facteurs susceptibles d'affecter la transmission de la politique monétaire. Cette étude examine l'effet des contraintes réglementaires sur la transmission de la politique monétaire aux prêts bancaires dans sept pays de l'Union Économique et Monétaire Ouest Africaine (UEMOA) sur la période 1990 à 2021. L'étude utilise une approche paramétrique (Pooled Mean Group) avec des données provenant de la BCEAO, du World Development Indicator et du Global Financial Development. Les résultats suggèrent que la transmission de la politique monétaire sur les prêts accordés par les banques soumises à une réglementation plus stricte en matière de fonds propres est réduite. En revanche, les banques soumises aux ratios de liquidité semblent transmettre plus amplement la politique monétaire. Ces résultats traduisent la nécessité de rendre les contraintes réglementaires plus flexibles, en tenant compte de la capacité des banques à reconstituer leurs fonds propres.

This study's purpose is to assess the influence of digital financial inclusion (DFI) on financial development in sub-Saharan African (SSA). Using a sample of 26 SSA nations over the period from 2014 to 2021 and the general method of moments in system (SGMM) on panel data, the estimation results show that both digital access and digital use promote financial development. Similarly, DFI improves financial development, allowing us to confirm that DFI is a key factor that promotes financial development. The study suggests that cybersecurity needs to be strengthened to secure online platforms and that incentive policies and regulatory measures favorable for the development of human capital capable of operating in this sector need to be put in place.

The study assesses the effects of fiscal policy on the financial bank quality intermediation in the WAEMU. To do so, the effects of the government securities ratio and the tax pressure rate on the NPL ratio are examined separately. The study uses panel data from WAEMU countries over the period 1990–2021 and ARDL modelling by the PMG estimator for basics estimates and the GM-FMOLS estimator for robustness. The public securities ratio improves the financial bank quality intermediation up to the maximum threshold of 47.5% of GDP. The tax pressure rate contributes to increasing the NPL ratio up to the maximum threshold of 17.06%. These results imply that a reform of banking regulation should encourage banks to hold a significant proportion of public securities, without crowding out the private sector. They also call on governments to implement measures to stimulate economic activity to absorb fiscal pressure. The study contributes to the literature and empirical effects of fiscal policy on the financial bank quality intermediation in the WAEMU while serving as a decision-making tool for governments and banking authorities in the management of NPLs in their lending activities and development.

Foreign financial inflows to Nigeria have risen in the last two decades. Currently, the country receives over one-third of remittance flows to sub-Saharan Africa and is one of Africa's top recipients of foreign aid with the health sector being a major target. Despite the substantial foreign inflows, health outcomes in Nigeria have not remarkably improved. This raises important questions about the effectiveness of foreign inflows in achieving better health outcomes in Nigeria. This article examines the effects of foreign inflows on health outcomes utilising different components of foreign inflows—aid and remittance. It also investigates the role of governance in the foreign inflows-health outcomes nexus using time series data from Nigeria covering the period 1984–2021. Results from the Autoregressive Distributed Lag (ARDL) model suggest that health aid has a limited impact on health outcomes, while remittance has been ineffective in driving improvements in health outcomes. Other factors, such as growth in real income per person, reduction in the emission of pollutants, such as carbon dioxide and improvements in governance, appear to be critical for improving health outcomes in the country.