Instruction to the contributors


The African Review of Economics and Finance is a peer-reviewed, scholarly publication featuring articles, review essays and book reviews. In particular, the journal favours articles with theoretical and empirical results that have important implications for the understanding of African economies and other regions of the world, including but not limited to foreign exchange markets, real estate markets, balance of payments, environment, financial markets and institutions, asset pricing, forecasting, impact of culture and institutions on growth and development. The journal is published twice a year. All papers submitted to the journal are double blind reviewed. The principal criteria of acceptance are originality, rigor, practical relevance, and quality. Submitted articles should be well written and free of spelling and grammar errors. Only original articles that are not under consideration for any other publication are considered for publication.

All manuscripts should be submitted via our new website. Only when you face difficulty in doing so should you send your manuscript for consideration preferably in Word format to Prof. Paul Alagidede, the editor-in-chief at: Books for review and book reviews should be sent to Dr. Franklin Obeng-Odoom, the editor at  Authors of accepted papers must format the manuscript according to the journal guidelines below:

Guide to authors

1. Originality and high standards of reporting results, data, and description of computer programmes is the standard hallmark. The information obtained by the author(s) must be sufficient for interested readers to be able to reproduce the results.

2. All articles are published in English. The first page of the typescript must contain: the full title; the affiliation and full address of all authors; a running title of not more than 75 letters and spaces; an abstract of 200 words or less and the name, full postal and email address of the author who will be responsible for correspondence.

3. Manuscripts should not exceed 8000 words with line spacing of 1.5”, including tables, graphs, figures, and references.

4. Tables, graphs, and figures should appear in the text and labeled in numerical order with Roman numerals. Tables, graphs and figures should contain sufficient explanation to allow them to be interpreted without reference to the main body of the text, including where relevant details of estimating equations on which empirical results are based. All lines should be clear. Avoid tedious mathematical expressions. Place derivatives and proofs in an appendix.

5. All illustrations should be suitable for printing in black and white, and should be numbered sequentially. Notes should make a specific point, and to be short and succinct.

6. Place references in an unnumbered, alphabetical order at the end of the text. References should be made only if they are cited in the text; and to works that are published, accepted for publication, or available through libraries or institutions.

7. Cite references in the text by citing the authors’ names and the year of publication in parentheses e.g. Panagiotidis (2010), Panagiotidis et al (2010).


Examples of Reference list at the end of text are as follows:

• Article: Alagidede P., and Panagiotidis, T. (2009). Calendar Anomalies in the Ghana Stock Exchange. Journal of Emerging Market Finance 8:1. pp. 1–23

• Book: Hawawini G, Swary I. Mergers and acquisitions in the U.S. banking industry: Evidence from the capital markets. North-Holland: Amsterdam; 1990.

• Reference to chapter in an edited book: -Brunner, K., Melzer, A.H. (1990). Money Supply. In: Friedman BM, Hahn FH (Eds), Handbook of monetary economics, vol.1. North-Holland:

Amsterdam; pp. 357-396.

• Citing and listing of Web references: The full URL should be given. Any further information, if known (Author names, dates, reference to a source publication, etc.), should also be given. Web references can be listed separately (e.g., after the reference list) under a different heading if desired, or can be included in the reference list.

8. Electronic submissions are requested for review. Authors of accepted papers must supply an electronic copy of the article in MS Word to the editor. All correspondence for articles should be addressed to: Prof Paul Alagidede, Editor, African Review of Economics and Finance, Wits Business School, University of the Witwatersrand, 2 St Davids Place, Wits 2050,  P.O.Box 98, Johannesburg, South Africa.









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Prof Paul Alagidede








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