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on Africa |
| By: | OECD |
| Abstract: | This paper reviews relevant national statistics data sources in 18 African countries, and assesses whether these countries are “data ready” for investment impact analysis using the OECD Inter-Country Input-Output (ICIO) framework. The ICIO framework allows to gauge not only the distributional impact of investment within a country, but also cross-border spillovers through regional and global value chain linkages. Minimum requirements for data readiness include the availability and quality of Supply and Use Tables, Input-Output Tables, National Accounts statistics (such as GDP, consumption, and investment), and trade and Balance of Payments statistics. The results identify a group of countries that are well positioned for investment impact assessment analysis, while highlighting data gaps and possible areas for capacity building activities under the Africa Virtual Investment Platform (AVIP) programme of work, a joint initiative of the African Union Commission and the OECD to improve transparency in information on investment in Africa. |
| Keywords: | African countries, Inter-Country Input-Output tables, International trade, Investment impact, National accounts |
| JEL: | F14 F15 F62 R15 |
| Date: | 2026–05–28 |
| URL: | https://d.repec.org/n?u=RePEc:oec:devaaa:359-en |
| By: | Mdhlalose, Dickson |
| Abstract: | South African small and medium-sized enterprises (SMEs) account for around 34% of national GDP and generate around 60% of employment; however, they continue to be disproportionately impacted by financial management inadequacies. This paper investigates whether the expansion of accessible digital accounting technologies such as cloud-based accounting software, mobile financial applications, and artificial intelligence-assisted analytics is significantly altering the adoption and utility of management accounting information among South African SME owners and managers, or if it simply automates non-value-added compliance tasks. This study synthesises evidence from an integrative review of 60 peer-reviewed sources published between 2020 and 2026, focusing on four thematic domains: digital transformation in the accounting profession; cloud software adoption by SMEs; the evolving advisory role of external accountants; and the triangular relationship among technology use, financial literacy, and decision-making quality. The study contends that digital technologies establish a legitimate yet contingent avenue for improved management accounting participation; their transformative potential is realised solely when supported by sufficient financial literacy, the development of digital skills, and contextually suitable software design. Essential recommendations are aimed at small and medium-sized enterprise owners, accounting practitioners, software developers, and policymakers in South Africa. |
| Keywords: | Cloud-based accounting software, Financial literacy, Decision-making quality, Compliance versus advisory, South African SMEs |
| JEL: | M41 M15 O33 L26 O55 |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esprep:341046 |
| By: | Johanna Tiedemann; Olivier Bizimana; Kiswendsida Tougouma |
| Abstract: | This paper empirically reassesses monetary policy transmission in emerging and frontier market economies in Sub-Saharan Africa (SSA EFMs). Using the identification approach of Romer and Romer (2004), we construct measures of monetary policy shocks and provide evidence on transmission mechanisms in the region. We show that monetary policy shocks pass through quickly to short-term market interest rates and lead to persistent increases in bank deposit and lending rates in most economies, indicating an operative bank-based interest rate channel. By contrast, exchange rates generally do not appreciate and, in many cases, depreciate following monetary tightening, consistent with the exchange rate puzzle—suggesting that interest rate hikes alone may be insufficient to systematically influence exchange rate movements. We also find that contractionary monetary policy reduces both output and inflation, with effects that are modest and notably weaker than in more developed economies. In addition, we find that transmission is stronger in economies that have adopted, or are transitioning toward, inflation-targeting regimes. Finally, we show that cross-country heterogeneity in transmission largely reflects differences in monetary policy transparency, financial development, and, to a lesser extent, fiscal dominance. |
| Keywords: | Monetary policy transmission; inflation; Financial markets; Sub-Saharan Africa |
| Date: | 2026–05–22 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imfwpa:2026/102 |
| By: | Justin Quinton (Department of Economics, Queen's University, Kingston, Ontario, Canada); Glenn P. Jenkins (Department of Economics, Queen's University, Kingston, Ontario, Canada, and Cambridge Resources International Inc.); Godwin Olasehinde-Williams (Department of Management Information Systems, Istanbul Ticaret University, Turkey) |
| Abstract: | This study investigates the dynamics of household food insecurity in Nigeria using panel data from three waves (2012, 2015, and 2018) of the General Household Survey, situating micro-level evidence within the broader macroeconomic context. This survey is a nationally representative sample of approximately 5000 households that have been surveyed six times across the three waves. We document that the sharp deterioration in food security after 2015 coincided with three major national developments: a steep naira depreciation, a 57.3% increase in the food consumer price index, and a collapse in real food imports from $11.34 billion in 2012 to $4.21 billion in 2018, largely shaped by the 2015 oil price collapse and foreign exchange restrictions on food imports. These indicators highlight a macro-monetary transmission channel through which the oil price collapse and subsequent policy responses amplified retail food price pressures, raising household vulnerability. To identify the distributional impact of these shocks, we employ a difference-in-differences design that exploits the differential exposure of urban versus rural households. Urban households, more reliant on monetized and import-exposed food markets, serve as the treatment group, while rural households, with partial self-provisioning capacity, act as the control. Results reveal a significant post-shock rise in food insecurity across all households, with an additional and statistically robust increase among urban households. These findings clarify the mechanism by which macroeconomic and trade shocks transmit through urban retail markets to household welfare, underscoring the importance of targeted policy responses. By linking national price and trade disruptions directly to household outcomes, the paper offers a concrete evidence-based framework to guide interventions aimed at mitigating the welfare costs of macroeconomic shocks. |
| Keywords: | food insecurity, GHS-P, Nigeria, oil price shock, policy. |
| JEL: | D10 E2 Q17 |
| Date: | 2026–05–01 |
| URL: | https://d.repec.org/n?u=RePEc:qed:dpaper:4643 |
| By: | Francis Adu Amankwa-Poku (Ministry of Finance, Accra, Ghana); Yoko Kijima (National Graduate Institute for Policy Studies, Tokyo, Japan) |
| Abstract: | This study empirically examines whether periodic financial scarcity leads to fluctuations in cognitive function and mental health and subsequently affects optimal economic decision-making (risk aversion and present bias) among low-paid employees in an urban area in Ghana. We collected the data of the low-paid employees and randomly assigned them into two groups based on their next payday and timing of the interview: those who were interviewed just before their payday were financially more strained than those who were interviewed just after their payday. The estimation results support the theory of scarcity, showing that financial scarcity worsens cognitive function and mental health. However, we found no evidence that financial scarcity affects risk aversion and present bias as well as the quality of decision-making. |
| Keywords: | Household decision making, cognitive function, present bias, risk aversion, mental health |
| Date: | 2026–04 |
| URL: | https://d.repec.org/n?u=RePEc:ngi:dpaper:26-1 |