This study investigates the nature of competitiveness among banks in Malawi where the industry is concentrated and the institutional base is weak. The study uses a model incorporating bank-specific, industry-specific and macroeconomic determinants of conduct and performance, based on monthly data... Read More

Over two decades sub-Saharan Africa has grown by an average of 4.8 percent per annum, a trend called “Africa rising in the literature” but this robust economic growth has benefited only a minority of elite individuals as poverty in the region remains high and income inequality continues to rise. ... Read More

This study examines the long-term effects of expansion through mergers and acquisitions in Brazil and South Africa. Firms from these emerging markets are among the most active globally in terms of utilising acquisitions as a growth strategy. We use an unbalanced panel of listed firms in Brazil an... Read More

This paper contributes to the debate on inflation persistence by extending an ARFIMA process with GARCH and GJR-GARCH models to describe the time-dependent heteroskedasticity and persistence in the conditional mean of Consumer Price Index (CPI) inflation series of Ghana and South Africa, under th... Read More

This paper explores the role of monetary policy in Zimbabwe’s hyperinflation episode, using the Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) approaches with monthly data from 2006:01 to 2008:07. Results from both the ECM and ARDL approaches show that during the study per... Read More

This paper reports the finding of a survey of inflation perceptions and inflation expectations in South Africa undertaken in 2014. This survey posed questions on perceptions of past inflation (historic inflation) and expectations of future inflation to the same respondents and determined linkages... Read More

Resource-dependent economies in Sub-Saharan Africa are vulnerable to external shocks in the international commodity markets. In this paper, we investigate the financial markets channel through which these shocks are transmitted to the Zambian economy. Using a Vector Error Correction Model (VECM),... Read More

Navigation-facilitating information and communication technologies, especially personal navigation devices (PNDs), are commonplace, and account for a significant share of the GDP, in developed countries. However, their utility is compromised in Africa where the precise and unambiguous physical ad... Read More

Value-added tax (VAT) has not only brought dynamism in Ghana’s revenue mobilisation landscape but also occupies a centre stage in the country’s fiscal consolidation efforts. Interestingly, the VAT regime has undergone a number of discretionary reforms in a bid to generate as much revenue as possi... Read More

The study evaluates the cost and revenue efficiency of the Zimbabwean banking sector using the data envelopment analysis and Tobit regression model. Revenue and cost efficiency increased between 2009 and 2012 as a result of economic stability and growth registered in the economy. The trend in eff... Read More

The global economic landscape and power structure has changed significantly in recent decades with the rise of emerging market economies. Some emerging market economies are now among the major economies of the world and it is predicted that three of them (i.e., China, India and Indonesia) will be... Read More

Effective local government is vital for the provision of infrastructure, the delivery of various public services and the consolidation of democracy in South Africa. Yet it is well known that financial management and service-delivery problems are rife in the country's local government sector. Econ... Read More

The existing books on frontier oil economies in Africa cover four main themes, providing information about the nature of the resource sector, seeking to explain the social conditions of people in oil economies by using or problematising the resource curse thesis, assessing to what extent oil is t... Read More