This paper considers seigniorage and seigniorage transfer payments within the context of the Common Monetary Area (CMA), i.e., South Africa on the one hand, and eSwatini, Lesotho and Namibia on the other hand. Seigniorage generally makes reference to the income that accrues to the relevant issu... Read More

This paper employs linear (ARDL) and nonlinear (NARDL) models to examine the short-run and long-run relationships between stock prices on one hand and each of the exchange rate, the interest rate and the price level in Egypt. Employing monthly time series variables from January 2000 until June ... Read More

This research investigates two major calendar anomalies, the day of the week effect and the holiday effect, in the Nairobi Stock Exchange (NSE), a leading African exchange. By studying eight of the exchange’s most representative stock indices over a twenty-year period from 2000 to 2019, this re... Read More

Despite policy efforts to increase women’s representation across all sectors, inequality gaps remain in Africa. However, a growing body of evidence shows that placing women at the center of the development agenda can have positive effects. In this study, we examine the impact of female represen... Read More

Companies are always on the lookout for means to improve their performance for the benefit of their shareholders and other interested parties. Literature has shown that innovation through research and development (R&D) can be a catalyst for the performance of a company. Unfortunately, not all c... Read More

The study investigates the potential of weather derivatives to mitigate agricultural risk factors. Specifically, it examines the feasibility of rainfall options as a risk management tool in hedging yield risk for maize farmers in the North-Western Free State province of South Africa. The correl... Read More

The present study employs the variance component model to assess the relative significance of time, firm, and country-specific factors in driving the performance fluctuations of 37 African banks over the period from 2004 to 2021. The findings indicate that time-specific factors hold greater exp... Read More

Studying cultural alienation and development is important for understanding the meaning and the im- plications of cultural alienation for development. The problem is to set an integrated framework for apprehending the two notions in terms of coexisting divergent cultures within a same society a... Read More

Egypt is an emerging economy that has been going through a series of monetary reforms since the 1990s. Previous studies examined the effects of monetary policy with the assumption of a symmetric impact on the macroeconomic aggregates. We add to this line of literature with a recent investigatio... Read More

A perennial question in development economics is why fiscal revenues are consistently low in Africa. This study explores the role of tax administrative environment in explaining low-tax revenue collection in SSA region using unbalanced panel data (1991-2018) from 39 countries. A generalised Met... Read More

This paper explores both linear and non-linear impacts that institutional quality and financial development may have on the economic growth process in the sub-Saharan African region. Annual data from 1984 to 2019 from 28 sub-Saharan African countries was used. Established on the Solow neoclassi... Read More

With the global tremors orchestrated by the emerging and ravaging COVID-19 pandemic, consumption level at the macroeconomic level has been greatly altered as seen by huge government expenditure and financial indulgences following the easing of lockdowns, although much is yet to be done at the ... Read More