世界経済・社会統計 = World development indicators

Corruption and Growth

中国市场化指数 : 各地区市场化相对进程报告 = NERI Index of Marketization of China's Provinces

This paper assesses the role of knowledge economy (KE) in African business in 53 countries for the period 1996–2010. The four KE components of the World Bank are employed, notably: education, innovation, economic incentives and institutional regime, and information and communication technology. The business indicators are classified into starting, doing, and ending business. Principal component analysis and panel instrumental variable fixed effect approaches are employed as empirical strategies. The findings which are broadly consistent with intuition and the predictions of economic theory suggest that KE policies will substantially boost the starting and doing of business in Africa. This is relevant in fighting unemployment and improving African competitiveness in global value chains. Policy implications for the relevance of each specific KE dimension in African business are discussed with particular emphasis on the theoretical underpinnings of the study. The investigation is original in its contribution at the same time to the scarce literature on African KE and the growing challenges of improving the business climate of the continent by means of KE.

/pdf/the-role-of-knowledge-economy-in-african-business-3vhdi7gt44.pdf

The Role of Knowledge Economy in African Business

https://radar.brookes.ac.uk/radar/file/0f39d8b3-8720-4e50-a1ff-0b06082bdb16/1/asongu2017enhancing(2).pdf

Enhancing ICT for Inclusive Human Development in Sub-Saharan Africa

This paper proposes a new quality of growth index for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990–2011. The approach is premised on the fact that not all growth is created equal in terms of social outcomes, and that it does matter how one reaches from one level of income to another for various theoretical and empirical reasons. The paper finds that the quality of growth has been improving in the vast majority of developing countries over the past two decades, although the rate of convergence is relatively slow. At the same time, there are considerable cross-country variations across income levels and regions. Finally, empirical investigations point to the fact that main factors of the quality of growth are political stability, public pro-poor spending, macroeconomic stability, financial development, institutional quality and external factors such as FDI.

/pdf/a-quality-of-growth-index-for-developing-countries-a-1vqz8e1uja.pdf

A Quality of Growth Index for Developing Countries: A Proposal

This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990-2011. The approach is premised on the fact that not all growth is created equal in terms of social outcomes, and that it does matter how one reaches from one level of income to another for various theoretical and empirical reasons. The paper finds that the quality of growth has been improving in the vast majority of developing countries over the past two decades, although the rate of convergence is relatively slow. At the same time, there are considerable cross-country variations across income levels and regions. Finally, emprirical investigations point to the fact that main factors of the quality of growth are political stability, public pro-poor spending, macroeconomic stability, financial development, institutional quality and external factors such as FDI.

https://www.imf.org/-/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/2014/_wp14172.ashx

A Quality of Growth Index for Developing Countries; A Proposal

This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel

https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2172191

Workers' Remittances: An Overlooked Channel of International Business Cycle Transmission?

This paper examines fiscal cyclicality in the CEMAC region during 1980-2008. The issue has attracted very little empirical interest but is important if fiscal policies are to play a role in mitigating external shocks that exacerbate economic cycles across the region. We assess whether fiscal policies across these six countries have been procyclical using panel data to elaborate our analysis. Like in other sub-Saharan countries, total public expenditure in the CEMAC is found to be strongly procyclical. This is most pronounced for public investment, which overreacts to output growth with elasticity above 1. We further find that institutional weaknesses and poor governance partly explain this behavior. In contrast, the existence of an IMF-supported program can be a counterbalancing influence in attenuating this bias.

Sampawende Tapsoba

Papers

A Quality of Growth Index for Developing Countries: A Proposal

A Quality of Growth Index for Developing Countries; A Proposal

Workers' Remittances: An Overlooked Channel of International Business Cycle Transmission?

A Quality of Growth Index for Developing Countries: A Proposal

The Cyclicality of Fiscal Policies in the Cemac Region