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Full-Text Articles in Other Economics
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 …
Explaining Pro-Cyclical Fiscal Policy In African Countries, John Thornton
Explaining Pro-Cyclical Fiscal Policy In African Countries, John Thornton
John Thornton
Simple time series regressions for 37 low-income African countries during 1960–2004 suggest that government consumption is highly pro-cyclical,with consumption responding more than proportionately to fluctuations in output in many cases. The results from a cross-country specification suggest that government consumption is more procyclical in those African countries that are more reliant on foreign aid inflows and that are less corrupt, and that it is less procyclical in countries with unequal income distribution and that are more democratic. These results contrast with those from recent research using data sets that comprise a more diverse groups of countries in terms of geography …
Saving, Investment And Capital Mobility In African Countries, John Thornton, Olumuyiwa S. Adedeji
Saving, Investment And Capital Mobility In African Countries, John Thornton, Olumuyiwa S. Adedeji
John Thornton
Recently developed panel co-integration techniques are applied to data for six African countries to test the Feldstein–Horioka approach to measuring capital mobility. The results suggest three conclusions: savings and investment in panel data are non-stationary series and they are co-integrated; capital was relatively mobile in the African countries during 1970–2000, with estimated savings–retention ratios of 0.73 (FMOLS), 0.45 (DOLS), 0.51 (DOLS with heterogeneity) and 0.39 (DOLS with cross-sectional dependence effects); and there was a marked drop in the savings–retention ratio from 1970–85 to 1986–2000. The results could be interpreted as indicating that capital mobility in African countries has increased, reflecting …