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A conspicuous lacuna in the literature on Sub-Saharan Africa (SSA) is the lack of clarity on variables key for driving and predicting inclusive growth. To address this, I train the machine learning algorithms for the Standard lasso, the Minimum Schwarz Bayesian Information Criterion (Minimum...
Persistent link: https://www.econbiz.de/10012582730
The debate on the need for Sub-Saharan African (SSA) countries to foster inclusive growth has intensified following the coming into force of the African Continental Free Trade Area (AfCFTA), and the emergence of the coronavirus pandemic. A conspicuous lacuna in the literature is a lack of...
Persistent link: https://www.econbiz.de/10012582732
Human activity has transformed the planet at a pace and scale unprecedented in recorded history, causing irreversible damage to communities and ecosystems. Countries have focused their capacities on economic growth, with too little attention to externalities in terms of environmental quality....
Persistent link: https://www.econbiz.de/10014636678
Happiness is a universal state of mind. However, its meaning takes on culture-specific forms, ranging from emotional states of mind to life satisfaction. The definition of 'happiness' is strongly influenced by the respective philosophical background and material living conditions and is shaped...
Persistent link: https://www.econbiz.de/10015045945
In the 19th and 20th centuries, Turkey considered only North Africa a substantial part of the Ottoman Empire and neglected sub-Saharan Africa unless vital interests were at stake. However, the apathy of successive Turkish governments changed with the 1998 "Africa Action Plan". Since then, the...
Persistent link: https://www.econbiz.de/10015045110
For decades, the history of Sudan, Africa's third largest country with around 46 million inhabitants, has been marked by violent clashes between the northern, Muslim and Arab military elites of the capital Khartoum at the expense of the civilian population. Since Sudan gained independence in...
Persistent link: https://www.econbiz.de/10015045111
Money rules the world. But the importance of money is far greater than conventional economic theory and its heroic equations suggest. People have invented their own forms of currency, they have used money in ways that baffle market theorists, they have incorporated money into friendship and...
Persistent link: https://www.econbiz.de/10015045112
Policy recommendations for building resilient and all-inclusive societies post COVID-19 pandemic continue to dominate the media and research landscapes. However, rigorous empirical content backing such claims, particularly, on both poverty and income inequality, is hard to find. Motivated by the...
Persistent link: https://www.econbiz.de/10012582729
The study employs macrodata on 42 African countries to examine whether remittances and financial development (including the sub-components of access, depth and efficiency) contribute to the equalisation of incomes across the continent. Robust evidence from the dynamic GMM estimator shows that:...
Persistent link: https://www.econbiz.de/10013190598
Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...
Persistent link: https://www.econbiz.de/10014636101