African Review of Economics and Finance (AREF)
    • Dr. George Adu: A valedictory remembrance

      Author: Imhotep Paul Alagidede

      Source: African Review of Economics and Finance, pp 03-08 (Volume 11 Issue 1, June 2019)

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      George Adu was a seasoned economist concerned with the critical questions that mankind is faced with in the 21st Century. He spent the best part of his academic life researching and teaching on the key questions that impacted the lives of ordinary people, ranging from the link between environment... Read More

    • George Adu, PhD. (1977-2019): The Social Planner goes home

      Author: FranklIn Obeng Odoom

      Source: African Review of Economics and Finance, pp 09-10 (Volume 11 Issue 1, June 2019)

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      Dr. George Adu, a pioneering and dynamic Associate Editor of the African Review of Economics and Finance, has died at the prime age of 42. His contributions to the economics of natural resources, much like W.S. Jevons, a towering figure in natural resource economics, will be missed by both admire... Read More

    • Tribute to a true and loyal friend

      Author: Hannah Vivian Osei

      Source: African Review of Economics and Finance, pp 12-14 (Volume 11 Issue 1, June 2019)

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      I write this tribute in honour of Dr George Adu, a true mentor, a faithful friend, a great colleague, and a distinguished researcher. My first encounter with Dr George Adu was in the year 1999 when we were pursuing our bachelor’s degree at the Kwame Nkrumah University of Science and Technology (K... Read More

    • On the scholarly contributions of the legendary George Adu

      Author: Muazu IbrahIm

      Source: African Review of Economics and Finance, pp 15-28 (Volume 11 Issue 1, June 2019)

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      Beginning on a personal note, this paper succinctly presents the salient scholarly works of my teacher and mentor Dr. George Adu to the body of theoretical and empirical literature in economics. His contributions to the field of environmental and natural resources economics and macroeconomics in ... Read More

    • Natural resources, institutions and economic development in Africa

      Author: AugustIn Fosu and Dede Gafa

      Source: African Review of Economics and Finance, pp 29-52 (Volume 11 Issue 1, June 2019)

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      This article, first, examines the association between resource rents, institutions and economic growth in Africa, as well as the performance of resource-rich and non-resource-rich countries on institutional quality and political governance. The findings suggest that resource rents failed to contr... Read More

    • Comparative analysis of the socio-economic characteristics of Delta and Non-Delta spaces of Ghana: An input-output approach

      Author: Prince Osei-Wusu Adjei, Ignacio Cazcarro, Iñaki Arto, Patrick K. OforiDanson , Joseph K. Asenso, Emmanuel Ekow Asmah, Samuel Nii Codjoe, Kwasi Appeaning Addo and Samuel K. Amponsah

      Source: African Review of Economics and Finance, pp 53-75 (Volume 11 Issue 1, June 2019)

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      This paper provides insights into the current socioeconomic and biophysical state of the Volta Delta, Ghana. We employed non-survey methods, notably the Flegg Location Quotient (FLQ) method of regionalization and construction of tables to develop environmentally extended input-output (IO) model f... Read More

    • Complementarity of inorganic fertilizers and improved maize varieties and farmer efficiency in maize production in Kenya

      Author: Maurice J Ogada and Wilfred Nyangena

      Source: African Review of Economics and Finance, pp 76-100 (Volume 11 Issue 1, June 2019)

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      This study contributes to the literature and policy on the impact of partial and package adoption of inorganic fertilizers and improved maize varieties on yields among smallholder households in Kenya. We use a blend of the quasi-experimental difference-in-differences approach and propensity score... Read More

    • A psychological study of the effect of microfinance on the self-esteem and self-efficacy of the poor in South Africa

      Author: Barnard B Motileng and Claire Wagner

      Source: African Review of Economics and Finance, pp 101-141 (Volume 11 Issue 1, June 2019)

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      The impact of microfinance on the lives of the poor is controversial and there is limited empirical understanding of its psychological effects. Our study endeavoured to explore the effect of microfinance on the self-esteem and self-efficacy of the poor in South Africa. The study was conducted usi... Read More

    • An integrated approach to SME risk assessment: A focus on endogenous and exogenous risk factors

      Author: JabulIle Msimango-Galawe and BorIs Urba

      Source: African Review of Economics and Finance, pp 239-263 (Volume 11 Issue 1, June 2019)

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      Despite the many government programmes that have been put in place to assist with small business development, South African small and medium-sized enterprises (SMEs) still face high rates of failure. This study is an empirical investigation into the role and influence that endogenous and exogenou... Read More

    • Credit risk management and performance of deposit money banks in Nigeria

      Author: Mayowa G Ajao and Ehi P. Oseyomon

      Source: African Review of Economics and Finance, pp 178-198 (Volume 11 Issue 1, June 2019)

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      This study investigates the relationship between credit risk management and the performance of Deposit Money Banks (DMBs) in Nigeria over the period 2006-2016 using the dynamic Generalized Method of Moments (GMM) and Granger causality techniques. The empirical results revealed a direct and statis... Read More

    • The financialisation of primary sector MNEs

      Author: Koen Smet

      Source: African Review of Economics and Finance, pp 199-219 (Volume 11 Issue 1, June 2019)

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      Since the 1990s, three major developments occurred within the primary sector. First, in a rather short time period, resource prices have displayed major changes. During the 1990s, price indices for food, metals and energy resources were more or less stable. Things changed at the dawn of the new m... Read More

    • Bank competitive landscape and competition in the banking sector in Kenya

      Author: Mdoe Idi Jackson, Omolo O. Jacob and Nelson H. Wawire

      Source: African Review of Economics and Finance, pp 220-251 (Volume 11 Issue 1, June 2019)

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      This study investigates the evolution of competition among commercial banks in Kenya with changes in the bank competitive landscape. Employing system GMM and the performance dynamics approach, the study establishes that bank consolidation has an inverted U effect on competition in the banking sec... Read More

    • Women and the informal economy in urban Africa: from the margins to the centre

      Author: Nana Akua Anyidoho

      Source: African Review of Economics and Finance, pp 252-256 (Volume 11 Issue 1, June 2019)

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      Mary Kinyanjui’s book, “Women in the informal economy in urban Africa: from the margins to the centre”, contributes to literature on the urban informal economy in Africa with the important reminder that, while much of economic policymaking on the continent assumes the formal economy as the norm, ... Read More

    • Knowledge sovereignty among African cattle herders

      Author: Steve Tonah

      Source: African Review of Economics and Finance, pp 257-260 (Volume 11 Issue 1, June 2019)

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      Pastoral peoples in Africa are currently amongst the most misunderstood and vilified groups on the continent. Their cultural practices and livelihood are often disparaged and they are commonly regarded by governments, non-governmental organisations and the urban population as being archaic, backw... Read More

    • The Twilight of Cutting: African activism and life after NGOs

      Author: Akosua K. Darkwah

      Source: African Review of Economics and Finance, pp 261-265 (Volume 11 Issue 1, June 2019)

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      Over the last two decades, there has been a growth in the body of work that problematises development NGOs (Fisher, 1997; Aryeetey, 1998; Botchway, 2000; Mohan, 2002; Yarrow, 2011; Maes, 2012; Watkins and Swidler, 2012; Read More

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