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on Africa |
| By: | Eléazar Zerbo (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes) |
| Abstract: | This paper investigates the effect of energy effciency, international trade and financial development on long-run income per capita growth of six Sub-Sahara African (SSA) countries, namely Botswana, Cameroon, Kenya, Senegal, South Africa and Togo. The Autoregressive Distributed Lag (ARDL) bound approach to cointegration is applied with (possible) structural breaks to examine both the short-term and long-term effects. Furthermore, generalized forecast error variance decomposition is applied to decompose the forecast variance of GDP per capita attributable to the selected independent variables. The long-term results show that trade openness and financial development affect positively and significantly income per capita in South Africa and Kenya, respectively. A compelling evidence of energy effciency involvement in growth is found in Togo. The short-term estimations highlight the significant role of investment and energy in output process in virtually all the countries and the role of trade openness in South Africa and Togo. The findings also provide major policy implications for sustainable economic growth in SSA countries. |
| Keywords: | Economic Growth, Energy, Trade openness, Financial development, Cointegration, Sub- Saharan Africa |
| Date: | 2015–12–05 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01238524&r=afr |
| By: | Siawor-Robertson, Diana; Awaworyi Churchill, Sefa |
| Abstract: | There is an ongoing debate on the relevance of corporate social responsibility (CSR) and its ability to provide visible development. In this study, we consider two major mining companies in Ghana, Anglogold Ashanti and Newmont Ghana Gold Limited, and draw on a sample from communities in which these companies operate in order to determine the impact of CSR on various dimensions of community development. We find that, in Ghana, the debate is not about whether CSR is developmental or not but rather what strategies and policies can help increase CSR efficiency. Findings suggest that CSR accounts for several visible infrastructure in mining communities. However, there is a major flaw in empowering community members and improving their livelihoods. |
| Keywords: | Mining,CSR,Ghana |
| Date: | 2015–12–07 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:123725&r=afr |
| By: | Apergis, Nicholas; Ben Jebli, Mehdi |
| Abstract: | This paper employs a number of panel methodological approaches to explore the link between per capita carbon dioxide emissions, per capita real income, renewable energy consumption and health expenditures for a panel of 42 sub-Saharan African countries, spanning the period 1995-2011. The empirical findings provide supportive of a long-run relationship among the variables. Granger causality reveals the presence of a short-run unidirectional causality running from real GDP to CO2 emissions, a bidirectional causality between renewable energy consumption and CO2 emissions, a unidirectional causality running from real GDP to renewable energy consumption, and a unidirectional causality running from real GDP to heath expenditure, while long-run estimates document that both renewable energy consumption and health expenditures contribute to the reduction of carbon emissions, while real GDP leads to the increase of emissions in these countries. The results are expected to be of high importance for policymakers in the region. Both renewable energy consumption and expansionary health expenditures are the major drivers of pollution declines. In that sense the findings imply that a substantial part of the state budget in relevance to health expenditures would be a good path to combat global warming in these countries. |
| Keywords: | carbon emissions; renewable energy consumption; health expenditures; panel data; Sub-Saharan countries. |
| JEL: | C1 I15 |
| Date: | 2015–08–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68294&r=afr |
| By: | Ron W Nielsen |
| Abstract: | One of the fundamental postulates of the Unified Growth Theory is the claimed existence of three distinctly different regimes of economic growth governed by three distinctly different mechanisms of growth. However, Galor also proposed that the timing of these regimes is different for developed countries and for less-developed countries. Africa is the perfect example of economic growth in less-developed countries. The data used by Galor, but never properly investigated, are now analysed. They turn out to be in dramatic contradiction of this theory. |
| Date: | 2015–12 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1512.03164&r=afr |