This paper aims to describe, identify underlying factors and seek explanations for South Africa's economic recovery since 1994, as evidenced by trends in growth and investment. Compared with an international peer group, the initial conditions for a dramatic growth recovery were inauspicious in...

This paper examines the connections of structural change and economic openness to labour productivity growth using a panel data set of 41 countries in sub-Saharan Africa for the period 1991-2015. A dynamic panel model of cross-country productivity growth is estimated using the least squares with...

Using the threshold regression model, we examine the effects of Foreign Direct Investment (FDI), and the mediating role of FDI absorptive capacity, on economic growth in Sub-Saharan Africa. We find that the threshold level of FDI inflows per person is approximately US$ 44.67 per annum. For FDI...

As the hunting, butchering, processing, and consumption of bushmeat is a potential source of human Ebola virus infections, the extent to which bushmeat is a substitute for food produced in the formal market sector suggests that the relative price of formal non-bushmeat food could matter for the...

Sub-Saharan Africa, in the aggregate, has had the worst growth performance of any major region of the world over the last few decades. It is important to recognize, however, the enormous diversity in growth experiences at the country level. Some countries, like Botswana and Cape Verde, have...

In view of the remarkable growth performance of sub-Saharan African countries since the mid-1990s, we investigate the drivers of economic growth in the region. Above all, we find that more investment, enhanced macroeconomic stability, less conflicts, improved terms of trade, and better...

Increased trade is nowadays seen as one of the channels that can boost economic growth in ECOWAS. However, we are witnessing a relative decline in intra-ECOWAS trade. This relative weakness in intra-African trade is said to be due to trade barriers and obstacles. Notably, the quality of...

This paper examines the impact of oil price on economic growth in seven low-income oil-importing sub-Saharan African (SSA) countries, namely Ethiopia, Gambia, Mali, Mozambique, Senegal, Tanzania and Uganda. Using panel-Auto Regressive Distributive Lag (panel-ARDL), we examined the impact of oil...

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We...