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This study investigates (1) whether democratization drives sovereign credit ratings (SCR) changes (the “democratic advantage”) or whether SCR changes affect democratization, (2) whether the degree of democratization in sub-Saharan African (SSA) countries affects the associations and (3) whether the associations are significantly affected by resource dependence.

This study investigates the effects of SCR changes on democracy in 22 SSA countries over the period of 2000–2020 VEC Granger causality/block exogeneity Wald tests, and impulse responses and variance decomposition analyses with Cholesky ordering and Monte Carlo standard errors in a panel VECM framework.

The full sample impulse responses find that a SCR shock has a long-run detrimental effect on the democracy and political rights but only a short-run positive impact on civil liberties. Among the sub-samples, it is found that the extent of natural resource dependence does not affect the magnitude of SCR shocks on democratization mentioned above but it is found that a SCR shock affects long-run democracy in SSA countries that are relatively more democratic but is more likely to drive democratic deepening in less democratic SSA countries. The full sample variance decompositions further finds that the variance of SCR to a political rights shock outweighs the effects of all the macroeconomic factors, whereas in more diversified SSA countries, the variances of SCR are much greater for democracy and political rights shocks, which suggests that democratization and political rights in diversified SSA economies are severely affected by SCR changes. In the case of the high and low democracy sub-samples, it is found that the variance of SCR in the relatively higher democracy sub-sample is greater than in the low democracy sub-sample.

These results have three implications for democratization in SSA. First, the effect of a SCR change is not a democratically agnostic and impacts political rights to a greater extent than civil liberties. Second, SCR changes have the potential to spark a negative cycle in SSA countries whereby a downgrade leads to a deterioration in socio-political stability coupled with increased financial economic constraints that in turn drive further downgrades and macroeconomic hardship. Finally, SCR changes are potentially detrimental for democracy in more democratic SSA countries but democratically supportive in less democratic SSA countries. Thus, SSA countries that are relatively politically sophisticated are more exposed to the effects of SCR changes, whereas less politically sophisticated SSA countries can proactively shape their SCRs by undertaking political reforms.

This study is the first to examine the associations between SCR and democracy in SSA. This is critical literature for the Africa’s scholarly work given that the debate on unfair rating actions and claims of subjective rating methods is ongoing.

The economic growth performance of Sub Saharan Africa (SSA) over the past few decades has confounded economists. The paper examines the nature and causes of the region's marginalisation.

Analyses areas of marginalisation including: technologically, economically, socially, politically, and even intellectually. The aim here is to document all these facets in a comparative manner and to examine prospects for their reversal.

The poverty of SSA has many dimensions and causes, both internal and external. Certainly part of its underdevelopment is attributable to bad luck, initial conditions, and an unfavourable international economic environment. However, the region has to accept much of the responsibility for its plight because its present state is also largely an outcome of poor policy choice and bad governance. Thus, whilst we cannot account for every facet of the question of “why some nations are rich and others poor” we are nonetheless left with some very real certainties.

The most important implication is that the principal therapy for poverty in SSA comes from within by addressing the internal obstacles to growth. However, the international community has an important role to play in addressing the uneven global trading system which is hampering development prospects and this needs to happen in the current trading round.

The paper provides a comprehensive account of the sources of Africa's underdevelopment in a comparative manner. It will be of interest to all social scientists and policymakers interested in development issues.

The purpose of this study is to examine why Sub-Saharan Africa (SSA) is not currently a major player in producing apparel for the US market and determine if SSA is likely to become one because of several opportunities that the region offers, including relatively low labor wages, an ample labor force and duty-free access to the USA through the 10-year renewal of AGOA.

In-depth interviews were conducted with eight high-level executives in apparel sourcing and trade agencies to obtain their views on the opportunities and challenges of sourcing in SSA in relation to other major apparel sourcing regions. A descriptive analysis of the qualitative data was used to answer three research questions.

The findings reveal that SSA is a competitive region to source from, because of low labor wages and the duty-free benefits through AGOA. However, several challenges hinder a significant increase in sourcing from SSA. The executives recommended that for SSA to be a significant force in the global apparel market, vertical supply chains should be developed, where raw materials like fabric are sourced from within the country/region and SSA governments should become more involved in business environment improvements.

At present, there is limited academic literature on sourcing and supplier selection in Africa, particularly in textile and apparel sourcing in SSA. Based on interviews from high-level executives engaged in the sourcing decision-making process, this study reveals the benefits, challenges and opportunities for sourcing apparel from SSA countries.

This paper reviews, assesses and evaluates the performance of sub‐Saharan African countries towards achieving the international development goals and targets set by the United Nations, UN Millennium Development Goals and the Agenda for Action of the 2nd Tokyo International Conference on African Development. Africa's recent economic performance is a reflection of the policies it has pursued since the 1960s. It summarises the progress of sub‐Saharan African countries with a view to providing a clearer understanding of the constraints they face in reaching the goals, with a special focus on the economic, poverty, education, and health targets. The paper also outlines the urgency for action at the national, regional, and international levels. It also demonstrates that the economic and social recovery that Africa experienced in the late 1990s cannot be sustained unless there is progress towards the goals. Africa's efforts alone cannot achieve the goals, it would require global support and understanding of the special needs of the region.

The purpose of this paper is to focus on investigating labour productivity in the agricultural sector of Sub-Sahara Africa (SSA) countries between the periods of 2010 and 2017.

The study adopted descriptive design. The sample size for this research includes 43 SSA nations. Measuring SSA nation’s agricultural productivity in this study was based on input and output factors relating to the labour resource utilisation between the periods of 2010 and 2017. Data envelopment analysis (DEA) and panel regression analysis were carried out to examine labour productivity within the set periods.

The findings from the study suggest that labour productivity in the agricultural sector of SSA countries can be improved from its presently low state of productivity. The statistical analysis showed that between the periods of 2010 and 2013, only about 34.9 per cent of countries in the region were technically efficient in the utilisation of labour resources for productive use. More disturbing was that, from 2014 to 2017, labour productivity drooped to 11.6 per cent. Meanwhile, employment of labour in the agricultural sector revealed as low as 1.58 percentage to crop production index in the region. Notably, there is the potential of labour employment to derive as high as 80 per cent yield to the gross domestic product of economies in the SSA region.

Considering the strategic role of labour to the agricultural sector of SSA countries, there must be a stakeholders approach to stimulating the interest of the populace of these countries and getting them actively involved in the agricultural sector. This imply that government, investors, support agencies from developed economies and populace of the SSA nations must support the drive towards agricultural productivity of the SSA nations.

This study established a research agenda that involved a paradigm shift from the more rampant literature on foreign investments, agricultural research, rural livelihood and well-being, among others to focusing on issues that pertain to labour productivity for sustainable agricultural yields in SSA countries. Also, the methodology adopted in the study, such as application of DEA and regression analysis to panel data, shows a departure from single units of analysis adopted by existing studies.

The threshold regression framework is used to examine the effect of foreign direct investment on growth in Sub-Saharan Africa (SSA). The growth literature is awash with divergent evidence on the role of foreign direct investment (FDI) on economic growth. Although the FDI–growth nexus has been studied in diverse ways, very few studies have examined the relationship within the framework of threshold analysis. Furthermore, even where this framework has been adopted, none of the previous studies has comprehensively examined the FDI–growth nexus in the broader SSA. In this paper, within the standard panel and threshold regression framework, the problem of determining the growth impact of FDI is revisited.

Six variables are used as thresholds – inflation, initial income, population growth, trade openness, financial market development and human capital, and the analysis is based on a large panel data set that comprises 45 SSA countries for the years 1985–2013.

The results of this study show that the direct impact of FDI on growth is largely ambiguous and inconsistent. However, under the threshold analysis, it is evident that FDI accelerates economic growth when SSA countries have achieved certain threshold levels of inflation, population growth and financial markets development. This evidence is largely invariant qualitatively and is robust to different empirical specifications. FDI enhances growth in SSA when inflation and private sector credit are below their threshold levels while human capital and population growth are above their threshold levels.

The contribution of this paper is twofold. First, the paper streamlines the threshold analysis of FDI–growth nexus to focus on countries in SSA – previous studies on FDI-growth nexus in SSA are country-specific and time series–based (see Tshepo, 2014; Raheem and Oyınlola, 2013 and Bende-Nabende, 2002). This paper provides a panel analysis and considers a broader set of up to 45 SSA countries. Such a broad set of SSA countries had never been considered in the literature. Second, the paper expands on available threshold variables to include two new important macroeconomic variables, population growth and inflation which, though are important absorptive capacities but, until now, had not been used as thresholds in the FDI–growth literature. The rationale for including these variables as thresholds stems from the evidence of an empirical relationship between population growth and economic growth, see Darrat and Al-Yousif (1999), and between inflation and economic growth, see Kremer et al. (2013).

The purpose of this paper is to examine the impact of foreign direct investment (FDI) on GDP growth in Sub-Saharan Africa (SSA) with particular emphasis on Chinese FDI.

Based on the growth accounting model, a dynamic GMM estimation is used. To compare the results with previous findings, the paper also uses OLS and fixed effect estimates.

The paper finds that neither FDI net inflows in SSA nor Chinese FDI has a significant effect on economic growth in SSA. By testing other economic growth determinants in SSA countries based on growth accounting theory, the paper finds the change in capital stock per labor has a persistent and significant positive impact on growth in SSA.

This study provides new evidence on the influence of Chinese FDI on the growth of the SSA economies. There are very few empirical studies that analyze the growth of the SSA economies from a macroeconomic perspective using a partial equilibrium model. This paper tests the determinants of GDP growth using key macroeconomic variables and provides new insights into the determinants of GDP growth in the SSA countries.

The growing volume of trade misinvoicing in Sub-Saharan Africa (SSA) calls for serious concern, particularly given its effect on macroeconomic fundamentals. Despite the growing body of literature on the growth effect of trade misinvoicing, empirical evidence on the role of governance in moderating the effect is quite scarce, particularly for SSA. The purpose of this paper is to provide insights into the growth effect of trade misinvoicing in SSA as well as the moderating role of governance in this regard.

The feasible generalised least square estimator was applied to analyse relevant data, spanning 2009–2018, of 35 SSA countries. Governance indicators were classified into economic, political and institutional governance, and their individual role in moderating the nexus between trade misinvoicing and economic growth was explored.

This paper showed the presence of cross-sectional dependence among SSA countries and long-run convergence of the estimated variables. The empirical finding showed that trade misinvoicing has a negative growth effect in the selected SSA countries, but both economic and political governance are crucial in lowering the observed negative growth effect.

To curtail trade misinvoicing, SSA policymakers should go beyond just designing anti-money laundering policies to effectively implementing the policies for improved growth prospects. More so, the government of each SSA country must devise means of strengthening governance and building effective, accountable and transparent institutional frameworks that will constantly check and discourage trade misinvoicing activities.

The originality of this paper stems from its novel assessment of the role governance plays in moderating the growth effect of trade misinvoicing in SSA using the feasible generalised least square estimator. It also details the strategies needed to effectively tackle trade misinvoicing.

Reveals that the available literature on TQM implementation emphasizes the experiences of firms in industrialized nations, and studies dealing with the challenges of implementing TQM in less developed countries (LDCs) are limited. Examines the factors that influence the successful implementation of TQM in LDCs with a particular focus on the countries of Sub‐Saharan Africa (SSA). Using force‐field analysis, identifies the primary environmental factors expected to drive or restrain TQM implementation in SSA and proposes some approaches for enhancing its success. Suggests that advance knowledge of the factors that are likely to promote or obstruct TQM implementation would enable managers in SSA countries to develop more effective strategies that will enhance the chances of implementation success. Asserts that adopting the TQM approach can help to improve the quality of goods and services in SSA countries, increase their export capabilities and facilitate the achievement of their development goals. Cautions that in SSA countries it is not enough that top managers in individual firms commit to the TQM process, noting that, in contrast to industrialized nations, SSA governments play a much more prominent role in economic activity, including direct ownership of major enterprises. Hence, argues that the unwavering support of African governments is crucial if TQM is to be successfully introduced and sustained in private and public organizations in SSA.

The purpose of this paper is to examine the link between inflation and the financial sector performance in Sub-Saharan African (SSA) countries.

The study analyzes the relationship between inflation and the financial sector performance for selected 22 Sub-Saharan countries from 1980 to 2013. The study used panel data and the dynamic panel generalized method of moments econometric method. The study concentrates on the link between inflation and the development of the banking sector.

The findings suggest that inflation does not promote financial sector development in SSA region while trade openness has a positive impact on the selected financial development indicators. Other variables that enhance financial development in SSA include government expenditure and good governance.

The main policy implication of the study is that in order for SSA countries to benefit from a deeper and more active financial sectors, the rates of inflation must be maintained low and be consistently under control. Also, for SSA region financial sectors to become deeper and more active it is crucial to develop stronger economic institutions including independent central banks and sound fiscal authorities.

The study differs from previous studies as it includes more (22) countries from SSA region while previous studies were either regional or country specific. The study also incorporates trade openness and the role of institutional quality in enhancing financial development. This differentiates the study from previous studies on the subject from the region.