Economic Resilience in Sub-Saharan Africa : An Analysis of the Determinants


Authors : WillyNOUMESSI FODJOU; Armand Gilbert NOULA; Juliette MEVAMBA-CHEKEM

Volume/Issue : Volume 6 - 2021, Issue 6 - June

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/3qAUqpB

This paper examines the macroeconomic factors related to economic structure and institutions that are most important for economic resilience in order to guide future policy actions. This is done through econometric analysis by assessing the absorptive capacity of common shocks for sub-Saharan African countries. The results suggest that factors related to economic structure appear to be the most important. These include exchange rates, terms of trade, trade openness, foreign direct investment and financial development. Institutional factors such as government stability and reduced social conflict increase the absorptive capacity to shocks. These findings reiterate the need to identify and vigorously pursue macroeconomic policies and structural reforms

Keywords : Economic Resilience, Generalized Methods of Moments, Shocs, Structural Factors, Sub-Saharan Africa

CALL FOR PAPERS


Paper Submission Last Date
31 - October - 2021

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe