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The Nature of Industrial Structural Change and Economic Growth: A Decomposition Analysis Etana Ayeru Fekede

The Nature of Industrial Structural Change and Economic Growth: A Decomposition Analysis

Author (s)

Etana Ayeru Fekede

Abstract

­

The concentration of the economy on the specific sector and lack of industrial structural change is the cause for the divergence of developing countries. Using data from the Asian KLEMS database for China and South Korea, we employed decomposition techniques to analyze the nature of structural transformation and industries’ contribution to growth. It is confirmed that both within-sector and between-sectors structural change contribute to the growth, but the modern economy does not follow the traditional linear structural transformation. Structural transformation through industrial upgrading, technological innovation, institutional and infrastructural development can stimulate dynamic and rapid economic growth. Therefore, the existence of structural transformation is another factor that affects economic performance, and hence income gaps. Since the rate of structural transformation is declining as the economy becomes advance, developing countries have the advantage of transforming their economy faster. They have the technological advantage of a latecomer. To undertake structural change and uphold sustainable development, diversification of the economy is required.

 Keywords: Structural Transformation, Decomposition Analysis, Economic Growth, Diversification, Innovative capability.

 

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Title: The Nature of Industrial Structural Change and Economic Growth: A Decomposition Analysis
Author: Etana Ayeru Fekede
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.5491997
Media: Online
Volume: 5
Issue: 9
Acceptance Date: 04/09/2021
Date of Publication: 09/09/2021
PDF URL: https://ijsab.com/wp-content/uploads/811.pdf
Free download: Available
Page: 131-155
First Page: 131
Last Page: 155
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Etana Ayeru Fekede (2021). The Nature of Industrial Structural Change and Economic Growth: A Decomposition Analysis. International Journal of Science and Business, 5(9), 131-155. doi: https://doi.org/10.5281/zenodo.5491997

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About Author (s)

Etana Ayeru Fekede, (PhD), Assistant Professor of Economics at Assosa University, Department of Economics, Assosa, Ethiopia. Email: finchafaro@yahoo.com

 

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DOI: https://doi.org/10.5281/zenodo.5491997

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The Effect of Public Debt Composition and Government Expenditure on Economic Growth of Kenyan Government Angela Mucece Kithinji

The Effect of Public Debt Composition and Government Expenditure on Economic Growth of Kenyan Government

Author (s)

Angela Mucece Kithinji

Abstract

­

Many developing countries have high levels of public debt many of which do not have sufficient resources to meet the public debt obligations. The Kenya government has reported high debt levels the debt levels of which do not assume a downward trend but instead continue escalating from one year to another while not downplaying the role of the its huge expenditure. The major concern is whether some developing countries such as the Kenya government should raise more of foreign debt which is cheaper in terms of interest costs while adhering to the conditionality of lending countries or whether the country should borrow domestically despite the higher interest costs. It was thus feasible to establish the influence of the composition of the Kenya public debt and government expenditure on the country’s economic growth. The study employed a causal research design. The period under study ranged from 2002 to 2017. The study used secondary data which was extracted from the National Bureau of Statistics, and National Economic Surveys which were available at the Government of Kenya website. Descriptive statistics was used to test the magnitude of the study variables. Regression analysis was used to establish the effect of public debt composition and government expenditure on economic growth in Kenya. The study established that both public debt composition and government expenditure had significant effect on economic growth of the country when tested individually. However, the findings further revealed that on the combined effect of the two independent variables, only government expenditure was found to influence economic growth unlike domestic public debt. The study therefore recommended that the government of Kenya should take precautions when engaging borrowing domestically and by extension in any form of borrowing.

 Keywords: Public Debt Composition, Government Expenditure, Economic Growth, GDP.

 

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Title: The Effect of Public Debt Composition and Government Expenditure on Economic Growth of Kenyan Government
Author: Angela Mucece Kithinji
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.5055817
Media: Online
Volume: 5
Issue: 8
Acceptance Date: 27/06/2021
Date of Publication: 29/06/2021
PDF URL: https://ijsab.com/wp-content/uploads/793.pdf
Free download: Available
Page: 202-213
First Page: 202
Last Page: 213
Paper Type: Research paper
Current Status: Published

 

Cite This Article:

Angela Mucece Kithinji (2021). The Effect of Public Debt Composition and Government Expenditure on Economic Growth of Kenyan Government. International Journal of Science and Business, 5(8), 202-213. doi: https://doi.org/10.5281/zenodo.5055817

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About Author (s)

Dr. Angela Mucece Kithinji, School of Business, University of Nairobi, Nairobi, Kenya.

 

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DOI: https://doi.org/10.5281/zenodo.5055817

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The Effect of China’s investment on the Business Environment and Economic Growth of Sub-Saharan Africa in perspective of Belt and Road Initiative Weldegebriel Abrha Hagoss & Xia Youfu

The Effect of China’s investment on the Business Environment and Economic Growth of Sub-Saharan Africa in perspective of Belt and Road Initiative

Author (s)

Weldegebriel Abrha Hagoss & Xia Youfu

Abstract

­

This study was conducted to analyze the effect of China’s investment on the business environment and Economic growth of Sub-Saharan Africa countries in the perspective of BRI. The study used a neoclassical growth of Solow-type growth model and panel data analysis from the period of 2003 to 2018 on 43 SSA countries for the investment. Two panel regressions were estimated using time and country fixed effects through the fixed effect study result showed that the Chinese investment in the perspective of BRI has positive and statically significant effect on the economic growth and business environment of Sub-Saharan African countries. Which the Chinese investment studied in SSA countries is not a threat and normalized the negative attitude of some western researchers about Sino-Africa. China should have to revise the policy of investment in all countries in the region. Before Chinese FDI flow to the region it should have to study the environment for investment, business, policy and need of the countries. Chinese FDI should have assurance new knowledge, capital and infrastructure in the SSA countries to develop their business policy towards BRI. Besides, there is luck of full data and information of the Chinese FDI to SSA which has a limits research and complete analysis to help policy making with difficult measuring because of all each country has different resources, political systems and histories which has a lack of a uniform and clear model does not all variables might exact influence to the economic growth. Finally, it has an advantage to SSA countries and it will help for the future base of Sino-Africa BRI research and emphasized both relationships.

 Keywords: China, SSA, FDI, Economic Growth, BRI.

 

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Title: The Effect of China’s investment on the Business Environment and Economic Growth of Sub-Saharan Africa in perspective of Belt and Road Initiative
Author: Weldegebriel Abrha Hagoss & Xia Youfu
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4934789
Media: Online
Volume: 5
Issue: 8
Acceptance Date: 10/06/2021
Date of Publication: 12/06/2021
PDF URL: https://ijsab.com/wp-content/uploads/790.pdf
Free download: Available
Page: 161-182
First Page: 161
Last Page: 182
Paper Type: Research paper
Current Status: Published

 

Cite This Article:

Weldegebriel Abrha Hagoss & Xia Youfu (2021). The Effect of China’s investment on the Business Environment and Economic Growth of Sub-Saharan Africa in perspective of Belt and Road Initiative. International Journal of Science and Business, 5(8), 161-182. doi: https://doi.org/ 10.5281/zenodo.4934789

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About Author (s)

Weldegebriel Abrha Hagoss  (corresponding author), Business School, University of International Business and Economics (UIBE), Chaoyang District, Beijing, P.R. China 100029. Email: weldegebrielabraha@gmail.com, DE201665026

Xia Youfu, International trade and industrial economics, University of International Business and Economics, Chaoyang District, Beijing, P.R. China 100029. Email: youfuxia@china.com.

 

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DOI: https://doi.org/10.5281/zenodo.4934789

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New Economic cooperation of China with Sub-Saharan Africa in Belt and Road Initiative Weldegebriel Abrha Hagoss & Xia Youfu

New Economic cooperation of China with Sub-Saharan Africa in Belt and Road Initiative

Author (s)

Weldegebriel Abrha Hagoss & Xia Youfu

Abstract

­

This study was conducted to investigate the effect of Chinese investment and trade on the business environment and Economic growth of Sub-Saharan Africa countries in the perspective of Belt and Road Initiative to improving the regional business environment and economy. The contribution of Chinese FDI and Trade has a positive significant effect to the economic growth of SSA and to linking with the international Business. The study used the BRI countries before and after starts from 2007-2011 and 2012-2018 respectively in 36 SSA countries. The new cooperation of Sino- SSA countries is not a threat and normalized the negative attitude of some western researchers about Sino-Africa. In order to more emphasize for all countries both China and SSA countries should do and revise their policy towards BRI. Also, it has an advantage to SSA countries and this study will help for the future base of Sino-Africa Belt and Road initiative research and emphasized both relationships.

 Keywords: China, SSA, Investment, Trade, Economic Growth, BRI.

 

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Title: New Economic cooperation of China with Sub-Saharan Africa in Belt and Road Initiative
Author: Weldegebriel Abrha Hagoss & Xia Youfu
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4934696
Media: Online
Volume: 5
Issue: 8
Acceptance Date: 10/06/2021
Date of Publication: 12/06/2021
PDF URL: https://ijsab.com/wp-content/uploads/789.pdf
Free download: Available
Page: 139-160
First Page: 139
Last Page: 160
Paper Type: Research paper
Current Status: Published

 

Cite This Article:

Weldegebriel Abrha Hagoss & Xia Youfu (2021). New Economic cooperation of China with Sub-Saharan Africa in Belt and Road Initiative. International Journal of Science and Business, 5(8), 139-160. doi: https://doi.org/10.5281/zenodo.4934696

Retrieved from https://ijsab.com/wp-content/uploads/789.pdf

 

About Author (s)

Weldegebriel Abrha Hagoss  (corresponding author), Business School, University of International Business and Economics (UIBE), Chaoyang District, Beijing, P.R. China 100029. Email: weldegebrielabraha@gmail.com, DE201665026

Xia Youfu, International trade and industrial economics, University of International Business and Economics, Chaoyang District, Beijing, P.R. China 100029. Email: youfuxia@china.com.

 

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DOI: https://doi.org/10.5281/zenodo.4934696

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Impact of Chinese Foreign Direct Investment on the growth of West African Economic and Monetary Union (WAEMU) countries Kodjo N’Souvi, Chen Sun, Badoubatoba Mathieu DISSANI & Folly Dovénam YOVODEVI

Impact of Chinese Foreign Direct Investment on the growth of West African Economic and Monetary Union (WAEMU) countries

Author (s)

Kodjo N’Souvi, Chen Sun, Badoubatoba Mathieu DISSANI & Folly Dovénam YOVODEVI

Abstract

The objective of this paper is to analyze empirically the effect of Chinese FDI on economic growth of countries of the West African Economic and Monetary Union (WAEMU). The data used in this paper come from World Bank except for FDI data, which were taken from the Statistical Bulletins of China’s Outward Foreign Direct Investment, covering the period 2006 to 2018. Using the theoretical framework of the endogenous growth model, this paper performed an econometric approach of fixed-effects and random effects regressions with instrumental variables to make the estimates. The results of our estimates showed that Chinese FDI inflows have negative impact on host countries’ growth, based on the random effects regression, which is appropriate and fits well the data used. In addition, our results indicate that exports of primary goods are negatively correlated with the overall annual growth in the region. Further, infrastructure development and industrialization were found to be one of the critical factors for growth of the countries under investigation. Our findings suggest that Governments of WAEMU countries need to intensify their investment in health and education in order to boost the quality of human capital stock. More importantly, there is a need to promote the production of manufactured goods that are currently imported rather than increasing exports of primary goods. Finally, investing more in infrastructure and industrialization process is fundamental to positively impact the growth of countries in the union.

Key words: Economic growth, Chinese FDI, Random-effects, Fixed- effects, WAEMU.

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Title: Impact of Chinese Foreign Direct Investment on the growth of West African Economic and Monetary Union (WAEMU) countries
Author:

Kodjo N’Souvi, Chen Sun, Badoubatoba Mathieu DISSANI & Folly Dovénam YOVODEVI

Journal Name: Journal of Scientific Reports
Website: https://ijsab.com/jsr
Publisher IJSAB-International
DOI: https://doi.org/10.5281/zenodo.4672465
Media: Online
Volume: 3
Issue: 1
Acceptance Date: 03/04/2021
Date of Publication: 08/04/2021
PDF URL: https://ijsab.com/wp-content/uploads/1015.pdf
Free download: Available
Page: 9-25
First Page: 9
Last Page: 25
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Kodjo N’Souvi, Chen Sun, Badoubatoba Mathieu DISSANI & Folly Dovénam YOVODEVI (2021). Impact of Chinese Foreign Direct Investment on the growth of West African Economic and Monetary Union (WAEMU) countries. Journal of Scientific Reports, 3(1), 9-25. doi: https://doi.org/10.5281/zenodo.4672465

Retrieved from https://ijsab.com/wp-content/uploads/1015.pdf

 

About Author (s)

Kodjo N’Souvi, College of Economics and Management, Shanghai Ocean University, 201306 Shanghai, China.

Chen Sun (corresponding author), College of Economics and Management, Shanghai Ocean University, 201306 Shanghai, China. Email: chensun@shou.edu.cn

 Badoubatoba Mathieu DISSANI, School of Economics, Capital University of Economics and Business, China, 100026.  

Folly Dovénam YOVODEVI, Département tertiaire, Institut des Techniques Avancées, BP 498,   288, Avenue de Cointet, Libreville-Gabon.

 

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DOI: https://doi.org/10.5281/zenodo.4672465

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Economic Growth and Participation of Women in Labor Markets: The Case of Southern Africa Nthabeleng Moshoeshoe & Baorong Yu

Economic Growth and Participation of Women in Labor Markets: The Case of Southern Africa

Author (s)

Nthabeleng Moshoeshoe & Baorong Yu

Abstract

­

This paper examines the relationship between economic growth and women’s participation in Southern African Development Community (SADC). Using panel data from 2000 to 2018 in 16 SADC countries, the paper finds that the participation of women in labor market has a significant impact on economic growth over time. That means that a one percent change in the female labor force participation leads to six percent increase in economic growth. The results also show that the increasing participation of women in the labor market and the growing number of female employers have a significant and increasing impact on SADC economic growth in the long run. Thus a one percent change in female employment marks 0.03 percent increase in economic growth over time. This paper contributes to SADC women’s empowerment policies. In order to increase women’s participation in labor market and economic growth, SADC must focus on policies that allow women to access resources and become business owners.

 Keywords: Female Labor Force Participation, Economic Growth, Fertility, Female Employment, the U Hypothesis, South African Development Community.

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Title:

Economic Growth and Participation of Women in Labor Markets: The Case of Southern Africa

Author: Nthabeleng Moshoeshoe & Baorong Yu
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4409136
Media: Online & Print
Volume: 5
Issue: 1
Acceptance Date: 21/12/2020
Date of Publication: 01/01/2021
PDF URL: https://ijsab.com/wp-content/uploads/653.pdf
Free download: Available
Page: 30-41
First Page: 30
Last Page: 41
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Nthabeleng Moshoeshoe and Yu Baorong (2021). Economic Growth and Participation of Women in Labor Markets: The Case of Southern Africa. International Journal of Science and Business, 5(1), 30-41. doi: https://doi.org/10.5281/zenodo.4409136

Retrieved from https://ijsab.com/wp-content/uploads/653.pdf

 

About Author (s)

Nthabeleng Lillian Moshoeshoe, (corresponding author), PhD Research student, School of Insurance and Economics, University of International Business and Economics, Beijing, China.

Professor Baorong Yu, PhD., School of Insurance and Economics, University of International Business and Economics (UIBE), Beijing, China.

 

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DOI: https://doi.org/10.5281/zenodo.4409136

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Scrutinizing the complex relationship between Financial Development Gross Fixed Capital Formation and Economic Growth in Africa by adopting CCEMG and AMG estimation techniques Yusheng Kong, Easmond Baah Nketia, Stephen Kwadwo Antwi & Mohammed Musah

Scrutinizing the complex relationship between Financial Development Gross Fixed Capital Formation and Economic Growth in Africa by adopting CCEMG and AMG estimation techniques

Author (s)

Yusheng Kong, Easmond Baah Nketia, Stephen Kwadwo Antwi & Mohammed Musah

Abstract

­This paper explores the relationship between gross fixed capital formation, financial development, and economic growth in Africa. The study used 39 African countries from 1997 to 2017. The study adopted five financial development indicators. The study employed Augmented Mean Group and Common Correlated Effects Mean Group estimation techniques for the estimations. From the study, Bank Deposit to GDP is statistically significant, it has a negative effect on economic growth, and it shows dual causality, Bank Deposit is inadequate in Africa but significant to economic growth. Broad Money to GDP, Domestic Credit to GDP, and Credit to Private Sector to GDP are all statistically insignificant to growth. They also have negative influence on economic growth. Broad Money shows dual causality with growth while both Domestic Credit, and Credit to Private Sector displays one way causality from economic growth. Gross Domestic Savings to GDP is statistically insignificant and it has a positive bearing on growth, it has one-way causality from growth. Broad Money is very limited in Africa to the extent that, the funds available for domestic transactions are barely enough to have any impact on economic growth. Domestic banks and financial institutions hardly gives credit to private sector and government institutions, due to high risk factor. Gross fixed capital formation has a positive bearing on economic growth. It displays bi-directional causality with economic growth. Financial development does not have a blanket relationship with economic growth, but rather it depends on the type of financial development indicator being used.

 Keywords: Financial Development, Gross Fixed Capital Formation, Economic Growth, Africa, Relationship.

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Title: Scrutinizing the complex relationship between Financial Development Gross Fixed Capital Formation and Economic Growth in Africa by adopting CCEMG and AMG estimation techniques
Author: Yusheng Kong, Easmond Baah Nketia, Stephen Kwadwo Antwi & Mohammed Musah
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4282943
Media: Online
Volume: 4
Issue: 11
Acceptance Date: 17/11/2020
Date of Publication: 21/11/2020
PDF URL: https://ijsab.com/wp-content/uploads/620.pdf
Free download: Available
Page: 160-174
First Page: 160
Last Page: 174
Paper Type: Research article
Current Status: Published

 

Cite This Article:

Yusheng Kong, Easmond Baah Nketia, Stephen Kwadwo Antwi & Mohammed Musah (2020). Scrutinizing the complex relationship between Financial Development Gross Fixed Capital Formation and Economic Growth in Africa by adopting CCEMG and AMG estimation techniques. International Journal of Science and Business, 4(11), 160-174. doi: https://doi.org/ 10.5281/zenodo.4282943

Retrieved from https://ijsab.com/wp-content/uploads/620.pdf

 

About Author (s)

Yusheng Kong, PhD,  School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu Province, PR China. 212013.

Easmond Baah Nketia (corresponding author), School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu Province, PR China. 212013. Email: ebnketia@gmail.com

Stephen Kwadwo Antwi, School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu Province, PR China. 212013.

Mohammed Musah, School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu Province, PR China. 212013.

 

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DOI: https://doi.org/10.5281/zenodo.4282943

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Analyzing Economic Growth and Its impact on Poverty Reduction in Africa Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah

Analyzing Economic Growth and Its impact on Poverty Reduction in Africa

Author (s)

Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah

Abstract

­This study currently examines some economic growth variables that interact to reduce poverty in West, East, South, Central, and North African.  The review uses panel data from 1998 to 2017 based on the unit root, co-integration, fully modified ordinarily least squares (FMOLS), and granger causality to effect estimations. The study examines the association between these variables of economic Growth received and how they affect poverty. The results find economic growth promotes certain aspects of poverty reduction with the size of population and employment has been a significant factor. The granger result shows the uniqueness of the variables with bi-direction running between gross domestic product and poverty, gross capital formation and broad money, population, and broad money, and population and poverty do not Granger cause each other in the long run.  It was in-line with most studies by other researchers that state these main variables has been very significant when it comes to poverty reduction in most developed countries. The study emphasized that, in the contest of Africa, these main variables helps to reduce poverty but at a minimal level.

 Keywords: Economic Growth, Poverty reduction, Population, Employment, Africa.

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Title: Analyzing Economic Growth and Its impact on Poverty Reduction in Africa
Author: Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4277360
Media: Online
Volume: 4
Issue: 12
Acceptance Date: 15/11/2020
Date of Publication: 17/11/2020
PDF URL: https://ijsab.com/wp-content/uploads/628.pdf
Free download: Available
Page: 93-105
First Page: 93
Last Page: 105
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah (2020). Analyzing Economic Growth and Its impact on Poverty Reduction in Africa. International Journal of Science and Business, 4(12), 93-105. doi: https://doi.org/10.5281/zenodo.4277360

Retrieved from https://ijsab.com/wp-content/uploads/628.pdf

 

About Author (s)

Benjamin Korankye (corresponding author), School of Management, Jiangsu University, Zhenjiang 212013, China. Email:benjamin.korankye@yahoo.com

Xuezhou Wen (corresponding author), School of Business, Jiangnan University, Wuxi 214122, China. Email: xzhwen@jiangnan.edu.cn

Michael Appiah, School of Finance Jiangsu University, Zhenjiang 212013, China.

Easmond Baah-Nketiah, School of Finance Jiangsu University, Zhenjiang 212013, China.

 

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DOI: https://doi.org/10.5281/zenodo.4277360

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Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis

Author (s)

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Abstract

Many African countries are still being faced with basic welfare issues such as hunger and extreme poverty, sparking debates among researchers and policy makers on whether the continent can endogenously leverage its agricultural potentials to address these challenges. To contribute to these debates, this study employs a panel data spanning 26 year (1990-2015) and including 13 ECOWAS countries to analyze the impact of production factors on agricultural productivity and examine the question of whether and how agriculture can serve as a tool for growth and poverty alleviation in the region. By linearizing the Cobb-Douglas production function and using fixed effects (FE) with country dummies, we find positive and significant relationship between lands cultivated, physical and financial capitals, as opposed to labor employed on agricultural productivity. Next, by using 2SLS/IV and GMM/IV methods, we show that agricultural productivity can be a pro-growth and counter-poverty tool. Furthermore we find that non-agricultural productivity interacts significantly with agricultural productivity and that agricultural productivity gap (APG) decreases both growth and poverty index. Following these results, we chart the transmission mechanisms for policy makers that will allow them to understand the linkages and pathways through which agricultural productivity affects the entire economy.

Key words: Agricultural productivity, agricultural productivity gap (APG), production factors, economic growth, poverty reduction, ECOWAS, SSA, Africa.

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Title: Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis
Author:

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Journal Name: Journal of Scientific Reports
Website: https://ijsab.com/jsr
Publisher IJSAB-International
DOI: https://doi.org/10.5281/zenodo.3935367
Media: Online
Volume: 2
Issue: 1
Acceptance Date: 07/07/2020
Date of Publication: 08/07/2020
PDF URL: https://ijsab.com/wp-content/uploads/1013.pdf
Free download: Available
Page: 97-125
First Page: 97
Last Page: 125
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo (2020). Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis. Journal of Scientific Reports, 2(1), 97-125. doi: https://doi.org/10.5281/zenodo.3935367

Retrieved from https://ijsab.com/wp-content/uploads/1013.pdf

 

About Author (s)

Mouayadi Said Ali Madi, PhD, Industrial Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

Jiong Gong, Professor of Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

Kokou Wotodjo Tozo (Corresponding Author), PhD, International Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

 

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DOI: https://doi.org/10.5281/zenodo.3935367

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The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries Afolabi Tunde Ahmed & Imran Ur Rahman

The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries

Author (s)

Afolabi Tunde Ahmed & Imran Ur Rahman

Abstract

Many are the presumptions of the effect of Foreign aid on growth on one side and the effect of Foreign Direct investment (FDI) on the other side. Our research empirically examines the impact of FDI and Foreign Aid on economic growth of Sub-Saharan African countries. To do so, we answer three questions: What drives the economic growth in Sub-Saharan Africa? What are the impacts of FDI and Foreign Aid on economic growth? and which relationship does exist in one part between FDI and economic growth and the other part between Foreign Aid and economic growth? To tackle our objectives we formulated four hypotheses with Gravity model and Two Stages Generalized Method of Moment analysis. Our findings lead us to conclude: Firstly, three fundamental factors responsible for the economic growth: the country fundamentals (the population, the capital formation), the governance implication (governance effectiveness, Regulatory Quality), and the macro stabilities (Foreign Direct Investment, Foreign Aid, Trade) are responsible and the key factors for the growth in SSA. Secondly, FDI and Aid have a positive and highly significant effect on the GDP. Thirdly, FDI and Aid have short run relationship with the economic growth. And fourthly, our result fall in line with others which have found that domestic factors are vital in promoting the growth effects of FDI. Nevertheless, the findings of this study diverge from others in the literature studies. Even though other researches in the literature works hypothesize that FDI has no absolute positive effect on growth, this study finds that FDI plays a direct role in promoting growth.

Keywords: FDI, Foreign Aid, Economic Growth, Sub-Saharan Africa, Governance Effectiveness, Regulatory Quality.

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Title: The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries
Author:

Afolabi Tunde Ahmed & Imran Ur Rahman

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3870562
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 31/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/554.pdf
Free download: Available
Page: 53-70
First Page: 53
Last Page: 70
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Afolabi Tunde Ahmed & Imran Ur Rahman (2020). The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries. International Journal of Science and Business, 4(6), 53-70. doi: https://doi.org/10.5281/zenodo.3870562

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About Author (s)

Tunde Ahmed Afolabi, Ph.D. School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China, sirdanielastro12@yahoo.com

Imran Ur Rahman, (Corresponding Author) Associate Professor, Ph.D., Center for Trans-Himalaya Studies, Leshan Normal University, Sichuan China, 2388018157@qq.com

 

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DOI: https://doi.org/10.5281/zenodo.3870562