scholarly journals The Global Financial Meltdown of 2008, Sub-Saharan Africa, and the Way Forward for Sustainable Economic Growth and Development

2011 ◽  
Vol 4 (1) ◽  
Author(s):  
Ashford C. Chea
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Sub Saharan Africa ◽  
Economic Growth And Development ◽  
Sub Saharan ◽  
Sustainable Economic Growth ◽  
The Way

scholarly journals Effect of Energy Consumption on GDP Evidence from (Ten) Sub-Saharan Africa Countries

2017 ◽  
Vol 3 (5) ◽  
pp. 3 ◽  
Author(s):  
Muhammad Maimuna Yakubu ◽  
Gylych Jelilov
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Energy Consumption ◽  
Growth And Development ◽  
Sub Saharan Africa ◽  
Data Set ◽  
Economic Growth And Development ◽  
Augmented Dickey Fuller ◽  
Causality Tests ◽  
Sub Saharan

<p>There is no uncertainty that Energy plays a very important part in economic growth and development of any country and increasing access to modernized systems of energy is vital to unlocking rapid economic and social development in sub Saharan Africa. Therefore, this paper has empirically examined the causality between energy and economic growth using a consistent data set and methodology for 10 sub-Saharan Africa countries for the period 1990-2012. By applying Augmented Dickey Fuller, co-integration and causality tests the study finds causality running from GDP to energy consumption in Nigeria, in Ghana causality runs from energy consumption to GDP, for Namibia causality runs from GDP to energy consumption but not vice versa and for Cote d’ivore causality runs from gross capital formation to GDP. And no evidence of causality found in Togo, Cameroon, Botswana, Ethiopia, South Africa and Benin.</p>

scholarly journals Financial Inclusion, Income Inequality and Sustainable Economic Growth in Sub-Saharan African Countries

2021 ◽  
Vol 13 (4) ◽  
pp. 1780
Author(s):  
Chima M. Menyelim ◽  
Abiola A. Babajide ◽  
Alexander E. Omankhanlen ◽  
Benjamin I. Ehikioya
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Financial Services ◽  
Sub Saharan Africa ◽  
Kuznets Curve ◽  
African Countries ◽  
Financial Access ◽  
Sub Saharan ◽  
Sustainable Economic Growth ◽  
The Impact

This study evaluates the relevance of inclusive financial access in moderating the effect of income inequality on economic growth in 48 countries in Sub-Saharan Africa (SSA) for the period 1995 to 2017. The findings using the Generalised Method of Moments (sys-GMM) technique show that inclusive financial access contributes to reducing inequality in the short run, contrary to the Kuznets curve. The result reveals a negative effect of financial access on the relationship between income inequality and economic growth. There is a positive net effect of inclusive financial access in moderating the impact of income inequality on economic growth. Given the need to achieve the Sustainable Development Targets in the sub-region, policymakers and other stakeholders of the economy must design policies and programmes that would enhance access to financial services as an essential mechanism to reduce income disparity and enhance sustainable economic growth.

scholarly journals Sustainable economic growth and development of educational systems

2017 ◽  
Vol 10 (3) ◽  
pp. 285-292 ◽  
Author(s):  
Manuela Tvaronavičienė ◽  
Anatoly Shishkin ◽  
Peter Lukáč ◽  
Nataliia Illiashenko ◽  
Sergii Zapototskyi
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Educational Systems ◽  
Economic Growth And Development ◽  
Sustainable Economic Growth

scholarly journals Exploring economic structure and drivers of economic growth in Botswana

2015 ◽  
Vol 4 (4) ◽  
pp. 673-678
Author(s):  
Patricia Lindelwa Makoni
Keyword(s):  
Economic Growth ◽  
Commodity Prices ◽  
Economic Structure ◽  
Sub Saharan Africa ◽  
International Capital ◽  
Private Sector Investment ◽  
Sub Saharan ◽  
The Government ◽  
Small Economy ◽  
Sustainable Economic Growth

This article set out to analyse the economic structure and main economic drivers in Botswana. Botswana, a country in sub-Saharan Africa, is a relatively small economy, hugely dependent on its diamond mineral wealth. Concerns have arisen in recent years that the diamond deposits will soon be depleted and the country therefore needs to embark on a diversification programme to broaden its economic base. In order to understand the Botswana economy, its economic structure and current domestic sectorial performance were evaluated, as well as its trends in imports and exports. An analysis of the data shows that, regardless of the awareness of the sensitivity to external shocks of commodity prices, as well as the obvious future depletion of diamond reserves, the Botswana economy continues to rely on diamonds, at the expense of attracting international capital flows to enhance and maintain sustainable economic growth, through investments in agriculture, manufacturing and tourism. It is therefore recommended that the Government of Botswana becomes proactive and implements recommended policies to diversify its economy, so that it can sustain or improve its economic growth by becoming a prime destination of international capital and domestic private sector investment, thereby increasing employment and trade opportunities.

Air connectivity for leisure tourism the way forward

2021 ◽  
Author(s):  
Pavlos Arvanitis
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Business Models ◽  
Air Travel ◽  
Air Transport ◽  
International Tourism ◽  
Economic Growth And Development ◽  
Tourism Destinations ◽  
Tourism Arrivals ◽  
The Way

International tourism arrivals by air account for almost 60% of all tourism arrivals. Despite the spectacular increase in air connectivity there are distinct differences between connectivity types, with direct and indirect connectivity, airport connectivity and hub connectivity. Tourism destinations are impacted by the air connectivity type that is available in their nearby or serving airport. The aim of this chapter is to discuss the tourism dynamics resulting from the emerging transformations in air connectivity, and the implications on international air travel. Increased air connectivity is linked to economic growth and development, however direct air connectivity has been driving both tourism and air transport industries. The introduction of new aircraft which can fly longer and more economically is likely to transform direct connectivity and hub connectivity at the same time. Airline business models have evolved over the last 20 years and it is highly likely that this transformation will continue to unfold since the market and the passengers’ needs are constantly evolving. Implications for airlines and destinations will be discussed, outlining the trends which are dominating the industry in terms of connectivity and its relation to tourism destinations.

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