African Journal of Economic and Management Studies: Volume 7 Issue 2

Fiscal variables and growth convergence in the ECOWAS

Cosimo Magazzino

The purpose of this paper is to assess the relationship among fiscal variables (net lending, government expenditure and revenue) and economic growth in Sub-Saharan African…

New empirics of monetary policy dynamics: evidence from the CFA franc zones

Simplice Asongu

A major lesson of the European Monetary Union crisis is that serious disequilibria in a monetary union result from arrangements not designed to be robust to a variety of shocks…

Volatility transmission in African foreign exchange markets

Emmanuel Carsamer

The concept of volatility transmission and co-movement has witnessed a resurgence in the international finance literature in recent years after the black swan events which gave…

The role of local financial market on economic growth: A sample of three African economic groupings

Rafiu Adewale Aregbeshola

Capital market development has been identified as one of the critical underpinnings of economic growth, in the developed but more essentially in the developing economies. Evidence…

In search of structural change surplus and perpetual growth in Ethiopia: Examining alternative sectoral growth options, an application of recursive dynamic CGE model

Zerayehu Sime Eshete, Peter Kiko Kimuyu

The Ethiopian economy is characterized by erratic and poor performance with negative growth rates, seven times over the period 1981-2010. This trapped per capita income at 358 USD…

Time your investment on the Ghana Stock Exchange (GSE)

Lord Mensah, Godfred Alufar Bokpin, George Owusu-Antwi

The purpose of this paper is to investigate the day of the week effect on the Ghana Stock Exchange (GSE) by using the GSE all-share index from November 1990 to August 2012. The…

Competition and bank efficiency in emerging markets: empirical evidence from Ghana

Abdul Latif Alhassan, Kwaku Ohene-Asare

– The purpose of this paper is to examine the relationship between competition and efficiency in the Ghanaian banking industry.

Financial market performance and growth in Africa

John Kuada