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Financing Sustainable Development in Africa
von: Uchenna R. Efobi, Simplice Asongu
Palgrave Macmillan, 2018
ISBN: 9783319788432 , 456 Seiten
Format: PDF, Online Lesen
Kopierschutz: Wasserzeichen
Preis: 106,99 EUR
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Acknowledgements
5
Contents
6
List of Figures
9
List of Tables
13
Introduction
17
1 Introduction
17
References
24
Part I Financing in Africa for Sustainable Development
26
Financing Mechanisms African Governments Should Pursue in Financing Sustainable Development in the Next 20 Years
27
1 Introduction
27
2 Traditional Sources of Financing Sustainable Development in Africa
29
3 A Changing Global Context and Challenges Faced by Traditional Sources of Financing Development
33
4 Solutions for Financing Sustainable Development in Africa
36
4.1 Sovereign Wealth Funds
37
4.2 Private Financing
39
4.3 Blended Finance
41
5 The Role of Local Government
43
5.1 The Relationship Between Business and Local Government
46
6 Conclusion
48
References
49
Financial Inclusion and Foreign Market Participation of Firms: A Quasi-experiment from Nigeria
52
1 Introduction
52
2 Theoretical Framework and Empirical Validations
56
3 Research Method
59
3.1 Data
59
3.2 Methods
62
4 Result and Discussions
64
5 Concluding Implications, Caveats and Future Research Directions
70
References
72
Business Regulations and Foreign Direct Investment in Sub-Saharan Africa: Implications for Regulatory Reform
75
1 Introduction
75
2 FDI and Doing Business in SSA
77
2.1 Recent Trends of FDI Inflows in SSA
77
2.2 World Bank’s Doing Business in SSA
80
3 Theoretical and Empirical Literature on the Determinants of FDI
82
3.1 FDI and Its Traditional Determinants
84
3.2 Recent Empirical Studies
85
4 Variables, Hypotheses, and Model Specification
88
4.1 Variables
88
4.2 Foreign Direct Investment
88
4.3 The World Bank’s Doing Business Indicators
88
4.4 Other Variables
89
4.5 Hypotheses
90
4.6 Model Specification
92
5 Estimation Results and Policy Implications
94
6 Conclusion
98
References
101
Broadening Financial Intermediation in Sub-Saharan Africa
104
1 Introduction
104
2 The Current Financial Configuration in Sub-Saharan Africa
106
3 The Need for an Improved Financial System for Sustainable Development in Africa
108
4 Instruments, Actors, Financial System Characteristics for Sustainable Development in Africa
116
4.1 Addressing Developmental Challenges Through a Broader Financial System
117
4.2 Key Pillars for Broadening the Financial Systems in Africa
119
5 Conclusions
126
References
127
Institutions, Fiscal Performance, and Development Trajectories in ECOWAS: Implications for Sustainability
131
1 Introduction
131
2 Some Insights from Extant Literature
134
3 Empirical Model and Data
137
4 Results and Discussions
140
4.1 Descriptive Analysis
140
4.2 Implications of Result for Sustainable Development
146
5 Conclusions and Recommendations
147
References
148
Part II Domestic or Foreign Investment for African Development
152
Capital Flows and Economic Growth: Does the Role of State Fragility Really Matter for Sustainability?
153
1 Introduction
153
2 Theoretical Framework
156
3 Empirical Models and Data Description
161
4 Data Analysis
163
4.1 Time-Series Properties of Data, Lag Selection and Co-integration Estimates
163
4.2 Long-Run Relationships
168
4.3 Short-Run Dynamics
169
4.4 Model Diagnostic Test
170
4.5 Further Discussions
170
5 Conclusion
173
Appendices
175
References
179
Changing Patterns of the Official Development Assistance to Sub-Saharan Africa
182
1 Introduction
182
2 Foreign Aid to SSA Compared to ODA to Other Developing Regions
185
3 Foreign Aid from Non-DAC Countries to SSA Region vs. Aid from DAC
188
4 Foreign Aid Flow from “Emerging” DAC Donors vs. The Largest DAC Donors
189
5 Declining Importance of Foreign Aid to the National Budgets of Recipient Countries
191
6 Growing Allocation of Foreign Aid Towards Economic and Production Sectors
194
7 Conclusion and Policy Recommendations
197
References
199
Financing Sustainable Energy Access with Oil Revenues in Sub-Saharan Africa: Trends and Strategies
203
1 Introduction
203
2 Energy Access—The African Situation
206
3 Energy Production and Consumption in Africa
209
4 Sustainable Development Goal 7 and Africa’s Energy Policy
213
5 Financing Electricity Access and Managing Petroleum Revenue for Renewable Energy in Africa
216
6 Managing Petroleum Revenues Sustainably to Finance Energy Access
219
6.1 Petroleum Revenue Management Experience in Africa
223
6.2 Strategies for Improved Revenue Management for Energy Access
226
7 Conclusions and Recommendations
228
References
230
Maximizing the Gains from Natural Resources
236
1 Introduction
236
2 Natural Resources and Sustainable Development: Theory and Evidence
238
2.1 Theory
238
2.2 Empirical Evidence
241
3 Natural Resources and Economic Development in Africa: Trends and Patterns
243
4 Challenges of Maximizing Gains from Natural Resources to Finance Sustainable Development
250
5 Strategies to Optimize the Benefits of Natural Resources
252
6 Country Case Studies and Imminent Lessons
257
6.1 Country Case Studies
257
6.2 Lessons from Success Stories for Africa’s Development
262
7 Conclusion
264
Appendix 1
266
References
268
Part III Human Development in Africa for Sustainability
272
Does the Implementation of Social Safety Net Intervention Affect Indigenous Social Capital Systems for Coping with Livelihood Shocks? Ethnographic Evidence of Agro-pastoral Communities in Eastern Ethiopia
273
1 Introduction
273
2 Overview of the Productive Safety Net Program (PSNP) in Ethiopia
276
3 Theoretical Framework
278
3.1 Formal and Informal Risk Coping Strategies
279
3.2 Social Capital and Social Safety Net Theory
280
3.2.1 Social Capital
280
3.2.2 Social Safety Nets
282
3.3 Actor-Oriented Theory
283
3.4 The Interlock Between Formal Safety Net and Social Capital
284
4 Research Methodology
288
4.1 Description of the Study Sites
288
4.2 Research Design
289
4.3 Sampling, Data, and Methods
289
4.4 Data Analysis
292
4.5 Analysis Variables
293
5 Result and Discussions
293
5.1 Prevalence of Shocks in the Case Study Community
293
5.2 Household Coping Mechanisms
296
5.3 Networks, Groups, and Collective Action in the Case Study Community
298
5.4 Indigenous Mutual Support Practices in the Case Study Community
299
6 Interactions of Safety Net with Indigenous Practices
302
6.1 Influence of Quantity Transfer on Household Social Networks
302
6.2 Influence of Payment Predictability on Household Social Networks
304
6.3 Influence of Targeting on Household Social Networks
307
6.4 Do Social Safety Net Transfers Crowd Out Informal Arrangements?
311
7 Conclusions
313
References
315
Issues in Sustainable Development: The Environment–Income Relationship
321
1 Introduction
321
2 Literature Review
323
3 Methodology
328
3.1 Model Specification
329
3.2 Estimation Technique
330
4 Empirical Results
331
4.1 Verification of the EKC Hypothesis in Nigeria
333
5 Conclusions
339
References
340
Microcredit, Child Education, and Health Outcomes: A Case Study from Ghana
343
1 Introduction
343
2 Previous Related Studies
346
3 Methodology
351
3.1 Study Areas and the Microcredit Institution
351
3.2 Data and Sampling Procedure
352
3.3 The Model
353
3.4 Description and Measurement of Variables
355
4 Results and Discussion
357
4.1 Participation in Microcredit Programme
357
4.2 Microcredit and Child School Attendance
358
4.3 Mean Differences in School Attendance
361
4.4 Microcredit and Child Health
361
4.5 Regression Results for Child Health Outcome
362
4.6 Differences in Mean Health Outcome
365
5 Conclusions and Limitations
365
References
366
Part IV Industrial Development in Africa for Sustainability
370
Financial Inclusion and Growth of Non-farm Enterprises in Ghana
371
1 Introduction
371
2 Measurements and Data
377
2.1 Measuring Firm Growth
377
2.2 Measuring Financial Inclusion
378
2.3 Data
380
3 Estimation Technique
380
4 Analysis and Discussion
382
4.1 Regression Analysis
383
5 Conclusion and Recommendation
391
Appendix
392
References
394
The Role of Cooperative Organizations in Tanzania’s Industrialization
399
1 Introduction
399
2 Industrialization and the Context of Cooperative Development in Tanzania
402
2.1 Saving Mobilization for Capital Accumulation
406
2.2 Providing Extension Services
408
2.3 Agro-processing Industries for Value Addition
408
3 Industrialization and the Future of Cooperatives in Tanzania
412
3.1 Invest in Science and Technology
412
3.2 Investment in R&D
413
3.3 Strengthening Institutions
414
3.4 Invest in Human Capital and Innovation
415
3.5 Learn from Past Mistakes Which Undermined the Cooperative Sector
416
4 Conclusion and Recommendations
419
References
420
Textile and Clothing Sector, and the Industrialization of Sub-Saharan Africa
423
1 Introduction
423
2 An Account of Industrialization in Sub-Saharan Africa
427
3 Industrialization, Economic Growth, and Development: A Brief Discussion
429
3.1 Stages of Industrialization
432
3.2 Why Did Industrialization Fail in Africa?
433
4 Textile and Clothing Sector as a Trigger of Industrialization
436
4.1 The Experience of the Textile and Clothing Industry in Selected Countries
439
5 Can Textile and Clothing Sector in SSA Become a Trigger of Industrialization?
441
5.1 Textile and Clothing Sector in Selected African Countries
443
5.1.1 Mauritius
443
5.1.2 South Africa
444
5.1.3 Nigeria
445
6 Conclusion
447
References
448
Index
453