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Open Access
Article
Publication date: 20 June 2023

Françoise Okah Efogo and Boniface Ngah Epo

This paper appraises the effects of monetary policy on trade in value-added (TiVA) using a panel of 38 developing countries spanning the period 1990 to 2019. Specifically, the…

Abstract

Purpose

This paper appraises the effects of monetary policy on trade in value-added (TiVA) using a panel of 38 developing countries spanning the period 1990 to 2019. Specifically, the authors subsequently summon the theory of trade in intermediate products within the New Keynesian framework for open economies that comprises price rigidity to verify this relationship and thereon control for robustness by correcting for endogeneity and unbalanced panel effect.

Design/methodology/approach

The authors mobilize the within estimator corrected for cross sectional dependence as well as the two-stage-least squares fixed effect estimator which corrects for endogeneity. For robustness, the authors also use the Hausman–Taylor estimator to control for endogeneity and random effects in annualized data and the least squares dummy variable corrected estimator.

Findings

Results suggest that the monetary policy instruments such as inflationary gaps and anticipatory inflationary outcomes significantly affect TiVA in developing countries only in the short term with no long-term effect. In addition to contributing to the scanty empirical literature, the authors provide relevant insights on monetary policy tools that can be mobilized in fashioning a global value chain penetration and upgrading strategies.

Originality/value

The authors convoke the theory of trade in intermediate products casted into the New Keynesian framework comprising price rigidity to verify the relationship between TiVA and monetary policy (b) verify for robustness by correcting for endogeneity and unbalanced panel effect.

Details

Journal of International Logistics and Trade, vol. 21 no. 3
Type: Research Article
ISSN: 1738-2122

Keywords

Book part
Publication date: 16 November 2016

Boniface Ngah Epo and Francis Menjo Baye

This paper investigates the effect of reducing inequality in household education, health and access to credit on pro-poor growth in Cameroon using the 2001 and 2007 Cameroon…

Abstract

This paper investigates the effect of reducing inequality in household education, health and access to credit on pro-poor growth in Cameroon using the 2001 and 2007 Cameroon household consumption surveys. Results indicate that education and access to credit registered relative pro-poor growth driven by a fall in inequality. However, health failed to record pro-poor growth due to an increase in health-inequality at the bottom of the welfare distribution. In addition, equalizing education, health and access to credit among households, would increase average growth in household spending and pro-poor growth.

Details

Inequality after the 20th Century: Papers from the Sixth ECINEQ Meeting
Type: Book
ISBN: 978-1-78560-993-0

Keywords

Book part
Publication date: 30 September 2014

Simon Alain Song Ntamack

Inequality is an essential factor for the alleviation of poverty. In Cameroon, most of the households derive their livelihoods from non-wage income and a better understanding of…

Abstract

Inequality is an essential factor for the alleviation of poverty. In Cameroon, most of the households derive their livelihoods from non-wage income and a better understanding of how different variables affect income inequality is a way to reduce those inequalities and improve social welfare. Studies carried out so far barely make out the determinants among non-wage earners. This study sets out to identify these determinants, using the regression-based decomposition technique and data obtained from the 2005 Employment and Informal Sector Survey (EISS) undertaken by the National Statistic Institute (INS) in Cameroon. Results show that the total inequality of an hourly active income ensues from the ratio of age/experience and unobserved individual heterogeneity among non-wage earners.

Details

Economic Well-Being and Inequality: Papers from the Fifth ECINEQ Meeting
Type: Book
ISBN: 978-1-78350-556-2

Keywords

Content available
Book part
Publication date: 16 November 2016

Abstract

Details

Inequality after the 20th Century: Papers from the Sixth ECINEQ Meeting
Type: Book
ISBN: 978-1-78560-993-0

Article
Publication date: 9 March 2015

Françoise Okah-Efogo and Gaëlle Tatiana Timba

The purpose of this paper is to supplement the literature on the effect of female entrepreneurship on economic growth by bringing new evidence for the case of SMEs owned by women…

Abstract

Purpose

The purpose of this paper is to supplement the literature on the effect of female entrepreneurship on economic growth by bringing new evidence for the case of SMEs owned by women in Cameroon.

Design/methodology/approach

Effects of female entrepreneurship on Cameroonian economic growth are analyzed through a simple statistical analysis.

Findings

Our results reveal that there is a growing female entrepreneurship in Cameroon, localized in many different sectors of activity. Moreover, these SMEs are opportunity entrepreneurship which contributes to economic growth by considerably reducing unemployment particularly for women, generating revenues for government and enhancing human capital skills.

Research limitations/implications

The study suggests an investment in SMEs owned by women and an investment in education and skills of those women in order to positively affect economic growth.

Originality/value

Many studies have focussed their attention on the relationship between SMEs and economic growth, but few attempted to evaluate the theoretical assumptions in case studies and in a gender perspective.

Details

African Journal of Economic and Management Studies, vol. 6 no. 1
Type: Research Article
ISSN: 2040-0705

Keywords

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