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Full-Text Articles in Macroeconomics
The Economic Analysis Of Conflicts And Peace In Autocratic And Democratic Regimes In Africa, Oluwole Owoye
The Economic Analysis Of Conflicts And Peace In Autocratic And Democratic Regimes In Africa, Oluwole Owoye
Journal of African Conflicts and Peace Studies
This paper uses conceptual economics to explain how conflicts and peacebuilding are linked to economic growth/development in Africa. Both conflicts and peace have contagion effects in many countries worldwide, and in some cases, conflicts have morphed into regional and international problems. Conceptually, the monotonicity of conflicts and peace functions are invariant with respect to autocratic and democratic forms of governance in Africa. One of the main assertions of this study is that whether or not we have stable autocratic and/or democratic forms of governance, protracted conflicts have negative impact on sustainable economic growth in Africa. In addition, we found that …
African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor
African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
Comprehensively, Economic Trade Partnerships and Blocs are important to a member country. However, with the continuing global financial distresses it is useful to evaluate them to maximize possible benefit. The question of joining, continue membership with the Comesa is vital to the Sudanese economy that presently stands in a very decisive time. The Common Market for Eastern and Southern Africa is a free trade area with nineteen member states stretching from Libya to Zimbabwe. COMESA formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in …
Foreign Debt And Domestic Savings In Developing Countries, Luke Okafor, Joanna Tyrowicz
Foreign Debt And Domestic Savings In Developing Countries, Luke Okafor, Joanna Tyrowicz
Joanna Tyrowicz
This paper approaches the question of potential causality between foreign debt and domestic savings in the context of developing countries. Literature provides evidence in as far as foreign debt and development is concerned, but little attention was given so far to internal potential for capital formation. We provide a theoretical framework and test its relevance using 1975-2004 data for two groups of countries: sub-Saharan Africa and Latin America with the Caribbean. With the use of instrumental variables we find negative impact of foreign debt on domestic savings especially in the long run. The results are not susceptible to the choice …