African Review of Economics and Finance (AREF)
    • Does high public debt level constrain the interest rate setting behaviour of the South African Reserve Bank?

      Author: Abdul-Aziz Iddrisu and Imhotep Paul Alagidede

      Source: African Review of Economics and Finance, pp 1-25 (Volume 14 Issue 1, June 2022)

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      Constraints exerted on interest rate setting behaviour of central banks by high public debt is well acknowledged in the theoretical literature. Empirical evidence, however, remains limited. The few empirical studies either fail to provide confidence intervals for the threshold estimate (a l... Read More

    • Women's earnings and domestic work among couples in Ghana

      Author: Nkechi S. Owoo, Monica P. Lambon-Quayefio, Sylvia E. Gyan and Abena D. Oduro

      Source: African Review of Economics and Finance, pp 26-55 (Volume 14 Issue 1, June 2022)

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      Research in feminist economics suggests that economic position can change gender relations at the household level. Much of this research, however, has been conducted in the Global North where the social structure is quite distinct from those in the Global South. Do Ghanaian women’s earnings... Read More

    • Towards a better nowcasting and forecasting of Tunisian GDP growth: The relevance of sovereign ratings data

      Author: Adel Karaa and Azza Béjaoui

      Source: African Review of Economics and Finance, pp 56-103 (Volume 14 Issue 1, June 2022)

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      In this paper, we propose a formal and unified statistical framework in order to help performing reliable nowcasts, short- and long-term forecasts of the real GDP growth in the Tunisian context. To do so, we use a set of available monthly macrofinancial data and takes into account the sovere... Read More

    • Weather index insurance in South Africa: An integrated approach to farmers’ willingness-to-pay intentions

      Author: Mpho Steve Mathithibane and Bibi Zaheenah Chummun

      Source: African Review of Economics and Finance, pp 104-134 (Volume 14 Issue 1, June 2022)

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      Weather index insurance is an emerging risk management tool in the African agricultural landscape specifically designed for low-income smallholder farmers that are vulnerable to weather related hazards. This insurance solution remain unexplored and commercially unavailable within the South ... Read More

    • The impact of Public-Private Partnerships on Zambia's economic growth and development

      Author: Zondwayo Banda and Leward Jeke

      Source: African Review of Economics and Finance, pp 135-175 (Volume 14 Issue 1, June 2022)

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      Zambia has adopted Public Private Partnerships (PPPs) as a pro-poor strategy and as an innovative financing model to contribute to the narrowing of the development financing gap. Despite the growth of PPPs in Zambia, there have been no formal assessments of the impact of PPPs. The aim of th... Read More

    • Impact of the RDIA and the building of the Blaise Diagne International Airport on tourism demand and economic growth in Senegal

      Author: Assion Lawson Sipoaka and Francois Joseph Cabral

      Source: African Review of Economics and Finance, pp 176-202 (Volume 14 Issue 1, June 2022)

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      The place of airports in the economics of development is poorly understood. So, in this research, we assess the impact of the construction of the International Blaise Diagne Airport (BDIA) and the fee for the development of airport infrastructure (RDIA) on tourism demand and economic growth... Read More

    • The wisdom of the Twitter crowd in the stock market: Evidence from a fragile state

      Author: Kingstone Nyakurukwa and Yudhvir Seetharam

      Source: African Review of Economics and Finance, pp 203-228 (Volume 14 Issue 1, June 2022)

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      The classical finance theory postulates that markets are informationally efficient and that the actions of arbitrageurs always bring stock prices to their correct values. Behavioural finance, on the other hand, emphasises the role of investor sentiment in the formulation of asset prices. In... Read More

    • Access to credit and informal firm performance: Evidence from Sub-Saharan Africa

      Author: Kwasi Gyabaa Tabiri, Eric Arthur, Jacob Novignon and Prince Boakye Frimpong

      Source: African Review of Economics and Finance, pp 229-253 (Volume 14 Issue 1, June 2022)

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      The informal sector forms a significant proportion of the private sector of many developing economies. Despite challenges in exact measurement of its size, the informal sector is noted for its role in employment creation as well as economic output in sub-Saharan Africa. However, access to f... Read More

    • Sixty Years of Ghana-China Relations: Friendship, Friction, and the Future Lloyd G. Adu Amoah (ed)

      Author: Yoon Jung Park

      Source: African Review of Economics and Finance, pp 254-258 (Volume 14 Issue 1, June 2022)

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      Sixty Years of Ghana-China Relations, one of only a handful of book-length treatments of a single African country’s ties with China, chronicles the sixtyyear history and delves into diplomacy of architecture, gastrodiplomacy, chronopolitics, racism with Chinese characteristics, and more. All ... Read More

    • Africa’s Last Colonial Currency: The CFA Franc Story by Fanny Pigeaud and Ndongo Samba Sylla

      Author: Franklin Obeng-Odoom

      Source: African Review of Economics and Finance, pp 259-265 (Volume 14 Issue 1, June 2022)

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      Africa’s Last Colonial Currency: The CFA Franc Story by Fanny Pigeaud and Ndongo Samba Sylla is contextualised, analysed, and assessed. Overall, this book is a major contribution to African political economy. Read More

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