Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: Roles of demographic differences, exchange rate regimes and institutional quality
By: Nchofoung, Tii N. and Ngouhouo, Ibrahim
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Material type: 
BookPublisher: Journal of Social and Economic Development Description: 26(1), Apr, 2024: p.186-213.Subject(s): Economic resilience, Sub-Saharan Africa, Panel data analysis, System GMM, Demographic structure, Exchange rate regime, Institutional quality, Sectoral diversity, Industrialisation, Trade openness, Human capital, Population growth, Resilience determinants, Regional development, Policy implications, Macroeconomic stability, Economic performance, Governance indicators, Structural factors, Development economics
In:
Journal of Social and Economic DevelopmentSummary: The objective of this paper is to investigate the determinants of economic resilience in sub-Saharan African (SSA) countries. The analyses focus on the roles played by demographic structures, exchange rate regimes and institutional quality. We use the panel data technique for 22 SSA countries during the period 1996–2018 via the system GMM method of estimation. The results of the analyses indicate that sectoral diversity, industrialisation, trade openness, human capital and population growth rate are determinants of economic resilience. Moreover, demographic trends, institutional quality and exchange rate regimes, when considered, greatly explain resilience in SSA countries. Policy implications are discussed.- Reproduced
https://link.springer.com/article/10.1007/s40847-023-00258-9
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Articles
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Indian Institute of Public Administration | 26(1), Apr, 2024: p.186-213 | Available | AR132590 |
The objective of this paper is to investigate the determinants of economic resilience in sub-Saharan African (SSA) countries. The analyses focus on the roles played by demographic structures, exchange rate regimes and institutional quality. We use the panel data technique for 22 SSA countries during the period 1996–2018 via the system GMM method of estimation. The results of the analyses indicate that sectoral diversity, industrialisation, trade openness, human capital and population growth rate are determinants of economic resilience. Moreover, demographic trends, institutional quality and exchange rate regimes, when considered, greatly explain resilience in SSA countries. Policy implications are discussed.- Reproduced
https://link.springer.com/article/10.1007/s40847-023-00258-9
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