African Review of Economics and Finance (AREF)
    • The effects of transaction costs on the optimal price and production risk management for cocoa-exporting countries

      Author: Williams Ohemeng, Bo Sjö and Michael Danquah

      Source: African Review of Economics and Finance, pp 84-104 (Volume 7 Issue 2, December 2015)

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      This paper derives and estimates empirically the role of transactions costs
      for the optimal price-risk hedge ratios for four cocoa producing SSA countries
      (Cameroon, Ghana, Nigeria and Cote d’Ivoire). Using monthly data from 1966
      to 2009, transaction costs are introduce... Read More

    • Striking where it hurts: the political economy of graduate teachers strikes and labour relations in Ghana’s public education sector

      Author: Akwasi Kwarteng Amoako-Gyampah

      Source: African Review of Economics and Finance, pp 60-83 (Volume 7 Issue 2, December 2015)

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      This article examines the 2005 and 2006 strike actions of the National Association
      of Graduate Teachers (NAGRAT). It seeks to investigate the root causes of teacher
      grievances during the New Patriotic Party (NPP) government’s administration;
      government responses to thes... Read More

    • Is Zambia ready for inflation targeting?

      Author: Munacinga C.H. Simatel, Eric Schaling and Paul Alagidede

      Source: African Review of Economics and Finance, pp 1-28 (Volume 7 Issue 2, December 2015)

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      Since inflation targeting (IT) began about a quarter of a century ago, a number of
      industrialised and an increasing number of emerging and developing countries
      have adopted it as a framework for conducting monetary policy. Empirical
      evidence from developed economies suggests ... Read More

    • Central banks and fractional reserve banking: money creation out of nothing?

      Author: Jannie Rossouw, Vishnu Padayachee and Bradley Bordiss

      Source: African Review of Economics and Finance, pp 105-131 (Volume 7 Issue 2, December 2015)

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      The view is often held that central banks have little or no connection to the
      society within which they exist, although their policy decisions impact directly
      on people, institutions and society. While this view has gained much attention in
      the media and in some academic circ... Read More

    • Oiling the urban economy: land, labour, capital, and the state in Sekondi-Takorad, Ghana

      Author: Franklin Obeng-Odoom

      Source: African Review of Economics and Finance, pp 132-136 (Volume 7 Issue 2, December 2015)

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      Oiling the urban economyis a pioneering book with a very apt title. Its focus on
      the impact which the Ghanaian oil boom had on urbanisation, is timely.

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    • Integral green Zimbabwe: An african phoenix rising

      Author: Elizabeth Mamukwa, Ronnie Lessem and Alexander Schieffer (eds)

      Source: African Review of Economics and Finance, pp 141-143 (Volume 7 Issue 2, December 2015)

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      The ‘Africa rising’ narrative has generated much debate in recent times. ObengOdoom’s (2014) contribution to the Forum for Social Economics argues that this
      narrative hides other equally (if not more) important political economic processes
      and is misleading in its... Read More

    • Energy transition in africa

      Author: Thokozani Simelane and Mohamed Abdel-Rahman (eds)

      Source: African Review of Economics and Finance, pp 137-140 (Volume 7 Issue 2, December 2015)

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      There is a story that Walter Bgoya, the renowned former editor of Tanzania
      Publishing House, recounted to his audience at an African Conference recently. As
      an 11-year-old boy in rural Tanzania, Bgoya was taught by the colonial missionaries
      to regularly confess his sins.

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    • A riddle explained: gender disparities in east african education

      Author: Tia Linda Zuze

      Source: African Review of Economics and Finance, pp 29-59 (Volume 7 Issue 2, December 2015)

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      There can be little question that studying the relationship between education
      and inequality will benefit public investment in education. Although primary
      school enrolment for African girls has increased in many parts of the developing
      world, gender differences in performance... Read More

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