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

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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


Paper Submission Last Date
31 - October - 2021

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