African Review of Economics and Finance (AREF)
    • Simulation analysis of alternative strategies for public debt issuance in Zimbabwe: Is there a trade-off?

      Author: Nebson Mupunga and PierreLe Roux

      Source: African Review of Economics and Finance, pp 23-49 (Volume 8 Issue 2, December 2016)

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      This paper presents a simulation of alternative strategies for public debt issuance
      in Zimbabwe. The analysis is undertaken with a view to find a strategy that
      minimises the cost and risk of public debt under different scenarios of interest
      and exchange rate developments. The... Read More

    • Regional and global market integration of African financial markets

      Author: Nicholas Addai Boamah

      Source: African Review of Economics and Finance, pp 234-268 (Volume 8 Issue 2, December 2016)

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      The study examines the degree of regional and global integration of 11African
      Stock Markets (ASMs) using monthly return series from 1997 to 2015. It tests
      for the existence of structural breaks and whether any detected significant
      break in the regional and global degrees of i... Read More

    • On the suitability of group lending model in South Sudan’s small and medium enterprises sector

      Author: Andile Dube and Angelo Dube

      Source: African Review of Economics and Finance, pp 137-170 (Volume 8 Issue 2, December 2016)

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      Post-conflict societies, such as South Sudan are characterised by weak
      regulatory frameworks and lack of political will to implement much needed
      reforms. This often impacts directly on the economy. The legal, social and
      financial environment is also weakened in the process, l... Read More

    • Informal-formal linkages in market and street trading in Accra

      Author: Nana Akua Anyidoho and William F. Steel

      Source: African Review of Economics and Finance, pp 171-200 (Volume 8 Issue 2, December 2016)

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      This paper investigates the ways in which linkages between the informal and
      formal segments of an economy may yield benefits to or impose costs upon
      informal workers, based on views of informal traders in Accra regarding their
      relationships with the formal economy and its ins... Read More

    • Industry concentration and risk taking: Evidence from the South African banking sector.

      Author: Syden Mishi, Kin Sibanda and Asrat Tsegaye

      Source: African Review of Economics and Finance, pp 112-135 (Volume 8 Issue 2, December 2016)

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      The quest to gain market share within an industry is argued to drive Decision Making Units (DMUs) to accommodate more risk. The cross sectional variations in risk taking is believed to be influenced by the position of the DMU in the industry, with those on the lower end assuming more risk in o... Read More

    • Digital divides in Sub-Saharan Africa: Gender issues and evidence from Cameroon

      Author: Tamokwé Piaptie Georges Bertrand and Jazet Mezakeng Fidele Simplice

      Source: African Review of Economics and Finance, pp 201-233 (Volume 8 Issue 2, December 2016)

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      This study aims at answering two questions: Do women have the same
      determinants of Internet adoption as men? Do they adopt it for the same uses?
      The answers are mainly positive. However, in the adoption decision, women are
      different from men mainly due to the negative effects... Read More

    • Determinants of bond yield spread changes in South Africa

      Author: Geoffrey Radier, Akios Majoni, Kosmas Njanike and Marko Kwaramba

      Source: African Review of Economics and Finance, pp 50-81 (Volume 8 Issue 2, December 2016)

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      This paper offers an emerging market perspective on the determinants of bond
      yield spread changes. The study covers the period 2005-2013 and it is based on
      a sample of 106 corporate vanilla bonds listed on the South African market. To
      capture the impact of the financial crisi... Read More

    • Constraints to financing agriculture in Namibia

      Author: Elina Amadhila and Sylvanus Ikhide

      Source: African Review of Economics and Finance, pp 82-112 (Volume 8 Issue 2, December 2016)

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      Financial constraints to farmers in Africa have been a long-standing problem,
      but most of the literature on this topic in Namibia and elsewhere has been
      descriptive. The aim of this paper is to explainthe causes of financing constraints.
      It does so by focusing on agricultural... Read More

    • Analysis of the impact of alternative enterprise interventions on poverty and livelihoods in rural Ghana

      Author: Prince Osei-Wusu Adjei And JOyce Osei Adjei

      Source: African Review of Economics and Finance, pp 269-291 (Volume 8 Issue 2, December 2016)

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      Despite the spate of urbanisation fuelled among other factors by rural-urban
      migration across the African region, majority of people continue to reside in
      rural communities with greater burden of poverty and livelihood vulnerabilities.
      Ghana’s case has not been differen... Read More

    • 2010 FIFA World Cup stadium investment: Does the post-event usage justify the expenditure?

      Author: Luke Humprey and Gavin Fraser

      Source: African Review of Economics and Finance, pp 3-22 (Volume 8 Issue 2, December 2016)

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      This paper provides an ex-postanalysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US$1.57 billion and US$523 million into the development of new stadiums and upgrades to existing stadiums, respectively. Th... Read More

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