African Review of Economics and Finance (AREF)
-
- The African Review of Economics and Finance: Past, present, and future
Author: Franklin Obeng-Odoom, Editor-in-Chief, Jones Odei Mensah, Editor and Ferdi Botha, Editor
Source: African Review of Economics and Finance, pp 03-18 (Volume 11 Issue 2, December 2019)
Read MoreThe African Review of Economics and Finance (AREF) was established in 2009 by Professor Imhotep Paul Alagidede as a journal that would address the failings of mainstream economics and finance. It would publish quality research even if it is based on case studies of small African countries such... Read More
- Do export taxes promote export growth? Evidence from Ethiopia’s leather industry
Author: Wegayehu Bogale Fitawek and Mmatlou Kalaba
Source: African Review of Economics and Finance, pp 19-37 (Volume 11 Issue 2, December 2019)
Read MoreWith African economies slowly departing from the emphasis on the theory of comparative advantage, which seemed to imply a policy of continuing export of primary goods, the interest in exporting processed or value-added products has become quite widespread, leading to questions about the empiri... Read More
- The paradox of the financial inclusion-poverty nexus in
Malawi
Author: Ben Kaluwa and Chifundo A. Kunyenje
Source: African Review of Economics and Finance, pp 38-66 (Volume 11 Issue 2, December 2019)
Read MoreThe global concerted drive for financial inclusion (FI) as a solution for poverty reduction (PR) is confronted by indications that a majority of the target cite low incomes or poverty itself as a barrier to FI. This is paradoxical as it implies that the FI drive could especially leave the core... Read More
- The non-linear relationship between financial development, economic growth and growth volatility: Evidence from Nigeria
Author: Oro U Oro and Imhotep Paul Alagidede
Source: African Review of Economics and Finance, pp 67-97 (Volume 11 Issue 2, December 2019)
Read MoreThe aim of this paper is to examine how Financial development correlates with economic growth and growth volatility in Nigeria. We use a semi-parametric partially linear model and sample splitting threshold models to analyse Nigeria data from 1970 to 2015. Our results show U-shape for both fin... Read More
- Over-indebtedness of microfinance borrowers in South Africa
Author: Nomthandazo Mjuza and Lungile Ntsalaze
Source: African Review of Economics and Finance, pp 98-128 (Volume 11 Issue 2, December 2019)
Read MoreAccess to financial services has grown rapidly in South Africa, especially in the low-income population segment. At the same time, however, the level of overindebtedness has increased, making poor households even more vulnerable. Employing a binary choice logistic regression model for a unique ... Read More
- The economics of urban waste picking in Pretoria
Author: Derick Blaauw, Anmar Pretorius and Rinie Schenck
Source: African Review of Economics and Finance, pp 129-164 (Volume 11 Issue 2, December 2019)
Read MoreDebates on the role of the informality in the economic transformation of urban economies in Africa remain fraught: is informality benign or malign? Does it evolve to formality or remain as a permanent feature of capitalist urban development? Are the motives of informal actors calculated or imp... Read More
- Investigating the motherhood-caregiver penalty
Author: Dorota Witkowska and Krzysztof Kompa
Source: African Review of Economics and Finance, pp 165-187 (Volume 11 Issue 2, December 2019)
Read MoreThere are many factors influencing wages that are connected with the individual attributes of employees and workplaces or describe the general situation of the labour market. However, family duties, especially providing care to children or the elderly, are also important determinants affecting... Read More
- Systemic risk contribution of financial institutions in
South Africa
Author: Chanelle Leukes and Jones Odei Mensah
Source: African Review of Economics and Finance, pp 188-218 (Volume 11 Issue 2, December 2019)
Read MoreThe recent global financial crisis of 2007-2008 highlighted the necessity of measuring systemic risk amongst banks, insurance firms, and other systemically important institutions, as the failure of these organisations could have incalculable consequences on the financial sector and spillover t... Read More
- Working capital and mergers and acquisitions transactions
by emerging market acquirers
Author: Emmanuel Okofo-Dartey and Farai Kwenda
Source: African Review of Economics and Finance, pp 219-245 (Volume 11 Issue 2, December 2019)
Read MoreThis study investigates whether working capital positions of emerging market acquirers drive mergers and acquisitions (M&As) transactions they execute and further explore if it influences these acquirers' decisions on the type of merger deals they pursue. We use a cross-section of 160 listed f... Read More
- Mergers and acquisitions and firm value growth in
emerging markets
Author: Emmanuel Okofo-dartey and Farai Kwenda
Source: African Review of Economics and Finance, pp 246-271 (Volume 11 Issue 2, December 2019)
Read MoreDespite disagreements about whether mergers and acquisitions create value, it remains a dominant businesses’ expansion strategy for firms worldwide. Several studies however suggest that the value of acquiring firms may increase or decrease after mergers and acquisitions. This study, specifical... Read More
- Effects of financial sector development on energy
consumption in Africa
Author: Yakubu Awudu Sare
Source: African Review of Economics and Finance, pp 272-292 (Volume 11 Issue 2, December 2019)
Read MoreThe relationship between energy consumption and financial sector development can be quite complex owing to the numerous impact channels that exist between them. Thus, examining how positive and negative variations of financial sector development can affect energy consumption is very important.... Read More
- Income diversification and profitability of banks:
Evidence from Ghana’s banking sector
Author: Joseph Owusu Amoah, Muazu Ibrahim and Ali Hussam Madugu
Source: African Review of Economics and Finance, pp 293-315 (Volume 11 Issue 2, December 2019)
Read MoreNon-interest income accounts for a significant percentage of operating income of commercial banking industry. However, current studies on income diversification and profitability of banks have centered on the implications of diversification without investigating the threshold effects and trans... Read More
- Determinants of cash holding in South Africa: Evidence
from non-financial firms
Author: Atoko Kasongo
Source: African Review of Economics and Finance, pp 316-337 (Volume 11 Issue 2, December 2019)
Read MoreCash holding is one of the most significant components of a firm’s current assets. The benefit of holding cash revolves around choosing the optimal timing of investment and avoiding under-price issues. This paper investigates the determinants of corporate cash holding of 80 non-financial firms... Read More
- The economic history of health non-governmental
organisations in Ghana
Author: Samuel Adu-Gyamfi, Dennis Baffour Awuah and Kwasi Amakye-Boateng
Source: African Review of Economics and Finance, pp 338-364 (Volume 11 Issue 2, December 2019)
Read MoreThis research seeks to highlight the history behind NGOs emergence in Ghana and Asante in particular. It attempts an inquiry concerning the role of NGOs particularly, in promoting health in Ghana and Asante in particular. The article answers the question concerning the changing objectives, dis... Read More
- Socioeconomic determinants of health status in Nigeria
(1980 - 2014)
Author: Temitope Sade Akintunde, Anthony Dotun Oladipo and Rasheed Oyaromade
Source: African Review of Economics and Finance, pp 365-388 (Volume 11 Issue 2, December 2019)
Read MoreThe health status of citizens is part of the wealth of nations. So, this study analysed the socioeconomic determinants of health status in Nigeria, (West) Africa’s largest economy, using Cointegration and VECM methodology to analyse the relationship between the dependent variable (life expecta... Read More
- Institutional analysis of groundwater irrigation in
Northeast Ghana
Author: Lydia Kwoyiga
Source: African Review of Economics and Finance, pp 389-419 (Volume 11 Issue 2, December 2019)
Read MoreGroundwater irrigation is a major livelihood activity particularly in the dry season in Ghana. Considering their significance including shaping economic incentives and defining property rights, institutions have been crafted to regulate the use of groundwater for this purpose. Ghana’s water se... Read More
- Effects of mobile money usage on rural consumers’
livelihoods in Zimbabwe
Author: Thulani Dube and Bibi Zaheenah Chummun
Source: African Review of Economics and Finance, pp 420-454 (Volume 11 Issue 2, December 2019)
Read MoreMobile financial services have posed as a potential remedy to the financial inclusion challenge for disadvantaged communities. This study demonstrates how mobile money service usage impacts on the livelihoods of rural consumers in Zimbabwe. Out of a population of all rural households using mob... Read More
- The African Review of Economics and Finance: Past, present, and future