African Review of Economics and Finance (AREF)
-
- From Speculation to Survival Technique - The Role of
Bitcoin in Different Economic Circumstances Based on
the Analysis of Selected African Countries
Author: Agata Kliber and Katarzyna Swierczynska
Source: African Review of Economics and Finance, pp 1-20 (Volume 15 Issue 2, December 2023)
Read MoreThe article aims to reveal that the relationship of the bitcoin-derived exchange rate with the inflation level in a crisis-driven economy allows the citizens to use bitcoin as a “survival” asset. We analyse data on bitcoin transactions in local currencies of selected African economies (Ghana, K... Read More
- The role of tourism development in improving
environmental quality in South Africa: Insights from
novel dynamic ARDL simulations approach
Author: Maxwell Chukwudi Udeagha and Nicholas Ngepah
Source: African Review of Economics and Finance, pp 21-44 (Volume 15 Issue 2, December 2023)
Read MoreOne approach to tackling environmental problems and achieving environmental sustainability goals is to boost the tourism industry, but this paradigm is also contested. Using the recently developed novel dynamic autoregressive distributed lag (DARDL) simulations framework, this study evaluates t... Read More
- Foreign Direct Investment by Emerging Market
Multinationals in Africa: Impact on Domestic Capital
Formation
Author: Zelealem Yiheyis, Emmanuel Cleeve and Valeria Andreoni
Source: African Review of Economics and Finance, pp 45-62 (Volume 15 Issue 2, December 2023)
Read MoreForeign direct investment (FDI) flows within developing countries are rising. This article investigates whether FDI from emerging markets (EM) contributed to the domestic capital formation in Africa and how this compares to flows from developed countries. Fixed-effect estimates, based on panel ... Read More
- Are Children From Financially Included Households
Less Likely to Work?
Author: Sylvanus Gaku
Source: African Review of Economics and Finance, pp 64-82 (Volume 15 Issue 2, December 2023)
Read MoreSeveral factors including poverty, productivity shocks, labor market imperfections and parental education account for the incidence of child labour. However, little is known about the impact of financial inclusion on children’s propensity to work in the Ghanaian context. Using ordinary least sq... Read More
- The Competitiveness of Nigeria’s Exports: Does the
Choice of Exchange Rate Regime Matter?
Author: Adamu Waziri Babagana
Source: African Review of Economics and Finance, pp 83-100 (Volume 15 Issue 2, December 2023)
Read MoreThis study examines the extent to which the exchange rate regime affect the competitiveness of exports in Nigeria between 1987 to 2019. The study employed the Auto Regressive Distributed Lag (ARDL) model to assess the short-run and long-run changes in competitiveness in response to the exchange... Read More
- Impact of Loan Portfolio Characteristics on
Microfinance Institutions: The Case of Morocco
Author: Tahar Harkat, Samir Aguenaou, Jawad Abrache and Zakaria Ez-zarzari
Source: African Review of Economics and Finance, pp 101-121 (Volume 15 Issue 2, December 2023)
Read MoreThis paper identifies how loan portfolio characteristics impact the financial performance and sustainability of Moroccan microfinance institutions (MFIs). Using the Mix Market dataset, fixed and random panel regression models were adopted to analyze six Moroccan MFIs between 2003 and 2018. Thes... Read More
- The Moderating Roles of The Internal and External
Corporate Governance Mechanisms on The
Performance of Non-Financial Listed Firms in Nigeria
Author: Iwora Godfrey Agara and Lesley Stainbank
Source: African Review of Economics and Finance, pp 122-141 (Volume 15 Issue 2, December 2023)
Read MoreThis study extends the growing body of research that explores the relationship between corporate governance compliance and the performance of the firm by examining the Nigerian context with respect to the listed non-financial firms from 2012 to 2019. This study developed the first unique NCGCI ... Read More
- Fundamental Sources of Risk in Frontier Equity Markets
Author: Wycliffe Nduga Ouma
Source: African Review of Economics and Finance, pp 142-161 (Volume 15 Issue 2, December 2023)
Read MoreAsset pricing has attracted innumerable attention from many stakeholders in capital markets. However, a considerable lack of consensus exists regarding the full list and identity of risk factors and the ability of the already studied risk factors to optimally price risk. This problem is pronoun... Read More
- Smooth Transitioning Growth in Malawi: The Role of
Economic Policy
Author: Ronald Mangani
Source: African Review of Economics and Finance, pp 162-177 (Volume 15 Issue 2, December 2023)
Read MoreMalawi adopted orthodox neoliberal economic policies in 1981 to replace Keynesian-based demand management, developmental state, and protectionist policies. However, the sub-period from 2004 to 2012 witnessed some reversion to elements of the pre-liberalisation period. This paper analyses the re... Read More
- Analysis of Factors Affecting the Performance of
Moroccan Exports
Author: Tahar Harkat, Samir Aguenaou, Jawad Abrache and Anas Saoudi
Source: African Review of Economics and Finance, pp 178-196 (Volume 15 Issue 2, December 2023)
Read MoreThis study uses the autoregressive distributed lag (ARDL) technique and the error correction model (ECM) to investigate the long-run and short-run associations between export performance and macroeconomic variables in Morocco. These macroeconomic variables are GDP growth, real effective exchang... Read More
- Verifying the Tunisian exchange regime stability in the
post-revolution period by state-space models and
high-frequency data
Author: Mohamed Bouabidi
Source: African Review of Economics and Finance, pp 197-214 (Volume 15 Issue 2, December 2023)
Read MoreThe 2010-2019 period was marked by a steady depreciation of the Tunisian Dinar (TND) against the two major international currencies: a depreciation rate of 95% against the United States Dollar (USD) and 63% against the euro (EUR). To examine whether this depreciation is caused by a discrete man... Read More
- COVID-19 and Trade in Zimbabwe: An Auto-Regressive
Distributed Lag (ARDL) Analysis
Author: Regret Sunge
Source: African Review of Economics and Finance, pp 215-231 (Volume 15 Issue 2, December 2023)
Read MoreThis study examined the impact of COVID-19 pandemic on trade in Zimbabwe for the period 03/2020 to 06/2022. The pandemic necessitated the enforcement of lockdown measures. Prudent as they are, they brought several socio-economic problems. However, during this period, trade outperformed the pre... Read More
- Ecological Imperialism, Development, and the
Capitalist World-System: Cases from Africa and Asia,
Mariko Lin Frame 2022, Routledge, ISBN
9780367204105 (Hardcopy), 224 pp.
Author: Alizee Ville
Source: African Review of Economics and Finance, pp 232-235 (Volume 15 Issue 2, December 2023)
Read Moren her book Ecological Imperialism, Development, and the Capitalist World-System, Mariko Lin Frame, assistant professor of economics, attempts to demonstrate how the dynamics of the global economy are driving environmental degradation and perpetuating inequalities in the Global South. At a time... Read More
- From Speculation to Survival Technique - The Role of
Bitcoin in Different Economic Circumstances Based on
the Analysis of Selected African Countries