Budget Deficit and Economic Growth in Sub-Saharan Africa: A PMG Approach

Globalization and Economic Growth in Sub-Saharan Africa

This study analyzes Sub-Saharan Africa through the framework of globalization. The study‘s objective is to determine whether globalization is a significant factor when associated with economic growth in the region. Using panel data from 1995-2005 for 41 countries and the KOF globalization index, an Ordinary Least Squares (OLS) model was employed to examine the relationship between globalization...

Exports, Trade Liberalization and Economic Growth in Sub-Saharan Africa

Military Spending and Economic Growth in Sub Saharan Africa

The economic effects of military spending is an important issue for developing countries, particularly for regions such as Sub Saharan Africa (SSA), has been through considerable turmoil, with high levels of conflict in the region and generally poor economic performance. There has, however, been a limited amount of empirical work on the area, particularly work that takes into account the years ...

Price Distortions and Economic Growth in Sub-Saharan Africa

To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade policies that have discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy distortions to relative prices to address this question econometrically. We first test if these policy distortions respond to economic...

Hydroclimatic risk to economic growth in Sub-Saharan Africa

In order to plan strategies for adaptation to climate change, the current effects of climate on economic growth needs to be understood. This study reviews evidence of climate effects on economic growth and presents original analysis of the effect in Sub-Saharan Africa (SSA). Case studies from the literature demonstrate that historically, climate has had significant and negative effects on house...