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2018
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126 pages
1 file
I am also indebted to the hardworking Faculty of the University of Stellenbosch Business School (USB) for their immense contributions and inputs made into my work during the various colloquium presentations I have made at USB. I am also grateful to Mrs van Zyl Marietjie, Mrs Saayman Norma and Mrs Ashlene Appollis for the excellent administrative support they provided me during my study at Stellenbosch Business School. My gratitude also goes to the World Bank and the United Nations Conference on Trade and Development (UNCTAD) for giving me access to their various databases. My thanks also go to Mr Nigel Bell for accepting to proofread my work. I would like to thank my lovely mother, Madam Grace Yawa Abaye for her sacrifices in seeing me through school. My gratitude also goes to my humble and affable wife, Akofa and children, Fafa and Seme for their fortitude and moral support and to my siblings, Charles, Esenam, Eric, Edinam and Elikplim for their prayers. To my PhD colleagues, particularly, Raph Nordjo, Joseph Nyeadi, Lordina Amoah and the entire 2014 PhD Development Finance cohort at USB, I say thank you for your excellent support. I am also immensely indebted to my friends, Professor John
2003
At the start of a new millennium and after almost half a century of independence, the African economy seems trapped in a low-level disequilibrium. This not only condemns millions of people to a life of poverty but also blocks the process by which human and material capital can be accumulated. Many of Africa’s economic problems are to be found within her own state and civil society, but it is too easy – and too convenient for the rest of the world – to attribute all economic problems to ‘governance’. The fact is that Africa is an integral part of the world economy, open to financial and trade shocks and without the means to protect itself effectively against these shocks.
2007
To Tom, Mimi and Tigist (for unreserved love they gave me) To Dani, Abe, Alem, Njuguna, John Weeks (Apart from the excellent friendship, for unreserved intellectual support they gave me)
SSRN Electronic Journal, 2019
Development (DEED) Working Paper Series features recent studies by Senior Members of DEED as well as visiting researchers, altogether demonstrating the depth and breadth of research being undertaken at DEED. The papers are published to facilitate preliminary dissemination of ongoing research, enhance quality of work and contribute to the advancement of knowledge in economics and entrepreneurship. PERMISSION Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the author(s) of this paper.
African Successes, Volume III, 2016
This study explores the hypothesis that financial development can stimulate international trade. This is because adequate access to finance at a low cost can be important for export development for the simple reason that firms find it easier and less costly to finance working capital needs (including trade financing) and investments in technical upgrading and new innovative activities. Empirical analysis however could not support the hypothesis that there is a link between financial development and international trade in SSA.
SSRN Electronic Journal, 2010
It is now almost a regularity that a nexus exists between financial development and economic growth. Importantly, the preponderance of recent evidence lends support to a finance leading growth relationship. This kind of nexus is of particular importance to any country or region seeking economic growth, such as we find in Africa, where sustainable growth had been seemingly more elusive than in other continents. We therefore set out in this article to examine the current state of financial development in Africa, especially as regards its relevance as a mechanism for eliciting sustainable and/or inclusive economic growth. Sequel to flagging shortcomings of key financial markets – i.e., public equity markets, private equity markets, private debt markets, and public debt markets – across Africa, we proffer reasoned ways forward that can contribute to getting these markets to live up to their promise of supporting sustainable economic growth.
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IMF Working Papers, 2009
Advances in Social Sciences Research Journal – Vol.6, No.10, 2019
his.diva-portal.org
Policy Research Working Paper Series, 1993
2014