African Review of Economics and Finance (AREF)
    • Promoting inclusive approaches to address urbanization challenges in Kigali

      Author: Vincent Manirakiza

      Source: African Review of Economics and Finance, pp 161-180 (Volume 6 Issue 1, June 2014)

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      Kigali has embarked on a rapid urbanisation and modernisation process. A growing number of its inhabitants, mushrooming luxury residential and of? ce buildings, infrastructural development and a clean city are some indicators of that dynamic. However, providing adequate land and affordable hou... Read More

    • Socio-economic adaptation strategies of the urban poor in the Lagos metropolis, Nigeria

      Author: Taibat Lawanson and Leke Oduwaye

      Source: African Review of Economics and Finance, pp 139-160 (Volume 6 Issue 1, June 2014)

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      This article investigates the survival strategies of the urban poor in Lagos metropolis. The study considers the socio-economic characteristics as well as the livelihood patterns and strategies employed in the absence of formal social security systems. The research adopts a purposive sampling ... Read More

    • Food inflation in Lesotho: Implications for monetary policy

      Author: Retselisitsoe Thamaea and Mpolelo Letsoelab

      Source: African Review of Economics and Finance, pp 56-68 (Volume 6 Issue 1, June 2014)

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      The article examines the transmission mechanism between food and nonfood prices in Lesotho within the vector autoregression framework for the period 2003–2012. The results con? rm that food in? ation in Lesotho is more persistent than nonfood and headline in? ation. This implies that sho... Read More

    • Does automation improve stock market efficiency in Ghana?

      Author: Justice Tei Mensaha, Philip Kofi Adom and Maame Pomaa Berko

      Source: African Review of Economics and Finance, pp 69-101 (Volume 6 Issue 1, June 2014)

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      The automation of the Ghana Stock Exchange (GSE) in 2008, among other reforms, was expected to improve the ef? ciency of the market. The extent of this truism has, however, not been empirically established for the GSE. In this study, we attempt to assess the impact of the automation on the ef?... Read More

    • The e-waste conundrum: Balancing evidence from the North and on-the-ground developing countries' realities for improved management

      Author: Martin Oteng Ababioa and Ebenezer Forkuo Amankwaa

      Source: African Review of Economics and Finance, pp 181-204 (Volume 6 Issue 1, June 2014)

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      E-waste is currently the fastest-growing waste stream, posing major global management challenges. One of the unintended outcomes of this growth in the developing world is the increasing presence of informal e-waste recyclers, providing livelihood opportunities, albeit under elevated health-thr... Read More

    • Modelling conditional heteroskedasticity in JSE stock returns using the Generalised Pareto Distribution

      Author: Caston Sigauke, Rhoda Makhwiting and Maseka Lesaoana

      Source: African Review of Economics and Finance, pp 41-55 (Volume 6 Issue 1, June 2014)

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      Extreme equity market returns demand the use of specialised techniques for standardised treatment that focuses exclusively on rare tail events. Extreme Value Theory (EVT) is used in this article to model heteroskedastic stock returns of the All Share Index (ALSI) at the Johannesburg Stock exch... Read More

    • Agricultural development in China and Africa: A comparative analysis

      Author: Li Xiaoyun, Qi Gubo, Tang Lixia, Zhao Lixia, Jin Leshan, Guo Zhanfen and Wu Jin

      Source: African Review of Economics and Finance, pp 217-220 (Volume 6 Issue 1, June 2014)

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      China's increasing political and economic relations with African states across the continent is now a well-documented trend. However, the nature, motivation and signi? cance of these increasing engagements continue to be debated in the media, academic and policy circles, both inside and outsid... Read More

    • The forgotten people: Political banishment under apartheid

      Author: Saleem Badat

      Source: African Review of Economics and Finance, pp 211-213 (Volume 6 Issue 1, June 2014)

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      The forgotten people: Political banishment under apartheid makes a valuable contribution to our understanding of the variety of repressive strategies adopted by the apartheid state. While the number of people banished between 1948 and 1982 (the period studied in this book) is quite small (160)... Read More

    • The experience of economic redistribution: The growth, employment and redistribution strategy in South Africa

      Author: Clarence Tshitereke

      Source: African Review of Economics and Finance, pp 208-210 (Volume 6 Issue 1, June 2014)

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      The emergence of democratic South Africa in 1994 from the tragedy and devastation of apartheid is one of the most signi? cant events of the past century, and remains inspirational to millions of oppressed people throughout the world. Despite predictions of intensi? ed violence and possibly civ... Read More

    • Implication of mergers and acquisitions on stock returns before and during the 2007–2009 credit crunch: An event study

      Author: Godfred Amewu

      Source: African Review of Economics and Finance, pp 102-119 (Volume 6 Issue 1, June 2014)

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      Considering the 2007–2009 ? nancial situation, one cannot help but wonder how the crisis affected the wealth associated with merger and acquisition (M&A) announcements. This article examines the impact of such announcements on the stock returns (performance) of public companies durin... Read More

    • The struggle over work: The ‘end of work’ and employment alternatives for post-industrial societies

      Author: Shaun Wilson

      Source: African Review of Economics and Finance, pp 214-216 (Volume 6 Issue 1, June 2014)

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      When unemployment rises along with declining labour movements, the ‘end of work’ as Jermey Rifkin claimed in 1995, seems close and the signi? cance of work in a post-industrial society is decreasing – so goes a popular argument in labour studies. However, almost 20 years late... Read More

    • Walk with the devil: My endless struggle against the cunning and traps of the devil

      Author: Zakariah Ali

      Source: African Review of Economics and Finance, pp 205-207 (Volume 6 Issue 1, June 2014)

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      Prominent Ghanaians do not usually write, let alone publish, their memoirs. Indeed, since leaving of? ce in 2001, after him serving 19 years as head of state, Ghanaians are still waiting to read the memoirs of former President J.J. Rawlings. The culture of documenting one’s experiences i... Read More

    • Highlife Saturday night: Popular music and social change in urban Ghana

      Author: Nate Plageman

      Source: African Review of Economics and Finance, pp 221-224 (Volume 6 Issue 1, June 2014)

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      Dr. Plageman has written an excellent book. While economists would not typically give attention to a book on music, this publication does more than merely document the features of highlife music in urban Ghana: it also investigates the material basis and the political import of this genre of m... Read More

    • Unemployment in Kenya: Some economic factors affecting wage employment

      Author: Sheila Kaminchia

      Source: African Review of Economics and Finance, pp 18-40 (Volume 6 Issue 1, June 2014)

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      This article analyses the economic factors affecting wage employment in Kenya, where open unemployment fell from 15 per cent in 1998/1999 to 13 per cent in 2005/2006. As of 2005/2006, wage employment constituted 13 per cent of the total working population, which implies that doubling wage empl... Read More

    • The validity of owner-reported property cost as a measure of property values in a developing real estate market, Cameroon

      Author: Ambe J. Njoh

      Source: African Review of Economics and Finance, pp 1-17 (Volume 6 2014)

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      The paucity of objective indicators of property values is pervasive in developing countries. This necessitates the use of proxy measures. However, there are huge gaps in knowledge on the validity of such measures. The main objective of the study reported here is to contribute
      to efforts a... Read More

    • Peri-urban land rights in the era of urbanisation in Ethiopia: A property rights approach

      Author: Achamyeleh Gashu Adam

      Source: African Review of Economics and Finance, pp 120-138 (Volume 6 2014)

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      All land in Ethiopia is owned by the state and granted to the people with holding right, and the land-holding arrangement is dichotomised into rural and urban systems. In-between urban and rural spaces, there is a transitional peri-urban agricultural area on which growing urbanisation has been... Read More

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