Impact of income level and foreign aid on economic growth in Sub-Saharan Africa: the case of Anglophone and Francophone countries

Nwude, E. Chuke; Ugwuegbe, Ugochukwu Sebastine; Adegbayibi, Adesanmi Timothy

doi:10.1080/1331677x.2022.2142826

Cited by 5 publications

(8 citation statements)

References 37 publications

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“…Despite significant GDP gains in countries like Ethiopia and Ghana, wealth remains heavily concentrated. Nigeria and South Africa, the region's wealthiest countries, generate almost half of the region's GDP (Chuke Nwude et al, 2023;Eze, 2023).…”

Section: Sustainable Entrepreneurship As the Moderating Effect Of Une...mentioning

confidence: 99%

“…The ubiquitous presence of English in schools grants students access to a wealth of educational resources, fostering a skilled professional workforce. This linguistic bridge to global knowledge amplifies their competitive edge in an interconnected world (Akisik et al, 2020;Chuke Nwude et al, 2023;Osei et al, 2020). Despite these obstacles, efforts are underway to attract foreign direct investment and establish resilient trade networks.…”

Section: Context: Aandf Countries Of Ssamentioning

confidence: 99%

“…In recent years, the topic of sustainable entrepreneurship, unemployment, and economic growth in sub‐Saharan Africa (SSA) has gained significant attention (Ahmad & Bajwa, 2021; Prasetyo, 2021). However, research on Anglophone and Francophone (A&F) countries remain scant (Chuke Nwude et al, 2023). According to the World Bank statistics, the overall growth in the rate of unemployment in SSA between 2009 and 2020 is approximately 17%; even though countries such as Namibia, Sierra Leone, Ghana, Madagascar, Zambia, Cote d'Ivoire, and Senegal have witnessed between 5% and 66% decline in the rate of unemployment between 2009 and 2020.…”

Section: Introductionmentioning

confidence: 99%

“…None of the previous studies has conclusively addressed the subject‐matter along these categorizations. There is a call for more research in A&F countries (Chuke Nwude et al, 2023) and this current study intends to minimize this gap. As countries across the region strive to achieve sustainable economic growth and reduce unemployment rates, understanding the linguistic, history and cultural differences between A&F countries and their impact on employment reduction and economic growth becomes vital.…”

Section: Introductionmentioning

confidence: 99%

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Sustainable entrepreneurship: A catalyst for unemployment reduction and economic growth in Anglophone and Francophone countries

Mathibe,

Oppong

2024

Bus Strat Dev

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The purpose of the study is in two fold. First, the study examines the impact of language, history, and culture in Anglophone and Francophone countries on the rate of unemployment and economic growth. Second, the study explores the extent to which sustainable entrepreneurship influences the rate of unemployment, and economic growth in Anglophone and Francophone (A&F) countries. The study employed a descriptive and quantitative research design where a longitudinal data were sourced from the World Development Indicators and World Bank Entrepreneurship databases on 12 and 9 Francophone and Anglophone countries respectively. The random effect and the generalized method of moments (GMM) regression models were employed to attain the objectives of the study. The findings of the study revealed that there is a significant negative effect of sustainable entrepreneurship on unemployment; sustainable entrepreneurship has a positive significant effect on economic growth; and also, history and culture were found to have a significant impact on unemployment reduction and economic growth. However, language was found to have an insignificant influence between A&F countries suggesting that the ability of sustainable entrepreneurship to minimize the rate of unemployment and boost economic growth is generic irrespective of linguistic factors.

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Section: Sustainable Entrepreneurship As the Moderating Effect Of Une...mentioning

confidence: 99%

Section: Context: Aandf Countries Of Ssamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Sustainable entrepreneurship: A catalyst for unemployment reduction and economic growth in Anglophone and Francophone countries

Mathibe,

Oppong

2024

Bus Strat Dev

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“…In this section, some recent similar studies will be reviewed and the research gap established. [8] examined the effect of banking sector development on economic growth in a panel of 33 sub-Saharan African countries for the period 1995 to 2015. Differenced Generalized Methods of Moments (GMM) was used to estimate the model.…”

Section: Literature Reviewmentioning

confidence: 99%

An assessment of the impact of the banking sector on the economic growth of sub-Saharan African countries in the post financial crises

Stanley ChigozieDuruibe,

Oforegbunam Thaddeus Ebiringa,

Chilaka Emmanuel Nwaimo

et al. 2023

World J. Adv. Res. Rev.

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This study investigated the influence of banking sector on economic growth in sub-Saharan Africa (SSA) during the post financial crises of 2007/2008. In the last one and the half decades, most SSA countries have made remarkable strides in terms of the development of their banking sectors as well as enacting policies that will boost Africa’s economic growth as documented in various reports of the World Bank and International Monetary Fund (IMF. Despite all these positive scores and developments made by the banking sectors in Africa, growth has been hampered in the last one and the half decades. Moreover, most African countries witnessed unsteady and hampered growth in their economies during the period after the crises despite the adjudged weak linkages of banking sectors across Africa to the sub-prime mortgage market and asset-backed securities, and limited exposure to complex financial instruments among others. Thus, we utilized the Pooled Mean Group Autoregressive Distributed Lag (PMG/ARDL) estimation technique to analyze the secondary data spanning from 2009 to 2020. The empirical result revealed, among others, that the level of development of the banking sectors in the region influenced economic growth in the region during the aforesaid period. Furthermore, any short run deviation or shock is normally corrected in the long run at the speed of 82.85%. Curiously, this study revealed that financial deepening and the degree of monetization in the economies are the main drivers of short and long run growth in the post crises period. Thus, this study recommended that policy makers in the region should pay great attention to deepening their economies as this study has shown that it is the main driver of growth in the post financial crises economies of sub Saharan Africa.

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Foreign Aid in Nigeria: A Departure From Economic Development Impact to Social Development Impact

2023

JOMSA

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Discussions around foreign aid although contradictory have mostly been on its impact on economic development of recipient countries leaving social aspect of development poorly attended to. Moving away from this common path, this paper aims to explore social development impact of foreign aid in Nigeria. Utilizing secondary sources of data, the paper decomposed social development into specific measurable variables such as poverty eradication, healthcare system and human security. The findings of the study demonstrate that foreign aid has not significantly impacted on larger components of social development investigated. It is also highlighted in the study that there is conflicting evidence regarding the impact of foreign aid on healthcare system in Nigeria. The result equally reveals that varying interest of foreign aid actors constitutes a serious challenge to the performance of foreign aid in the country. As a panacea, the paper recommends for global attitudinal change campaign to foreign aid actors.

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Impact of income level and foreign aid on economic growth in Sub-Saharan Africa: the case of Anglophone and Francophone countries

Cited by 5 publications

References 37 publications

Sustainable entrepreneurship: A catalyst for unemployment reduction and economic growth in Anglophone and Francophone countries

Sustainable entrepreneurship: A catalyst for unemployment reduction and economic growth in Anglophone and Francophone countries

An assessment of the impact of the banking sector on the economic growth of sub-Saharan African countries in the post financial crises

Foreign Aid in Nigeria: A Departure From Economic Development Impact to Social Development Impact

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