Aims and Scope



The African Review of Economics and Finance (AREF) is the official journal of the African Finance and Economics Consult (AFEC). The Journal welcomes high quality articles in theoretical and empirical economics,with special emphasis on African economies.Theoretical contributions can be either innovation in economic theory or rigorous new applications of existing theory. Pure theory papers include, but are by no means limited to, those in behavioral economics and decision theory, game theory, general equilibrium theory, contract theory, public finance, financial economics, industrial organisation, labour economics, development theory and the theory of economic mechanisms.

At the same time AREF publishes papers of high quality dealing with the confrontation of relevant economic theory with observed data through the use of adequate econometric methods. Empirical papers cover topics such as estimation of established relationships between economic variables, testing of hypotheses derived from economic theory, policy evaluation, simulation, forecasting, methodology, econometric methods and measurement.


As a general interest journal, AREF emphasizes the replicability of empirical results. Replication studies of important results in the literature - both with positive or negative results - may be published as short papers in AREF. Authors are expected to make available their data set in case readers, editors or referees should want to replicate results reported in submitted contributions. AREF also welcomes book reviews, and special issues of international conferences and workshops.


A potentially publishable paper in AREF should meet the following criteria:

1. The motivation for the paper should be clear and compelling. Typically the motivation will include a clearly specified research question and a statement as to why this question is interesting. However, a paper whose primary motivation is to synthesize or even survey earlier work might also be publishable.

2. The analysis in the paper should be correct and should be appropriately rigorous given the research question.

3. The paper must be sufficiently original to warrant publication. Typically, this originality arises from new theoretical results or new empirical findings, but it may arise from new interpretation or synthesis of known material.

4. The paper should be well written. In particular, the logical structure of the paper should be clear, and the paper should be relatively free from errors of grammar and usage.


AREF sets itself apart with service to authors. Authors of submitted papers will normally hear back from AREF within 6 weeks of submission or less. Invitations to revise and resubmit present choices and ideas, not mandates (limited exceptions). Revised papers get a decisive up or down.




ISSN (Print) 2042-1478

ISSN (Online) 2410-4906






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Instructions to the Contributors»





Prof Paul Alagidede












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