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This paper critically reviews the empirical literature on growth, with a view to drawing some lessons for Africa. It illustrates the diversity of the results found by different authors, and calls for a more rigorous approach, paying attention to the identification of structural parameters and to...
In this paper, the African external debt problem with particular reference to Nigeria and Morocco is extensively analysed, and statistical indicators show that it is severe and has adverse effects on investment. The analysis also finds that fiscal expenditure, balance of payments and global...
Africa’s substantial market share in perennial crops may indicate that the promotion of these crops could make a major contribution to Africa’s growth. Alternatively, given Africa’s poor economic performance, it may indicate that dependence upon perennials is highly problematic. This paper finds...
There has been a growing interest on the issue of child labour among the academic and professional circles in recent times. Estimates show that the number of under–aged working children in Africa could reach some 100 million in the next 10–15 years, posing serious challenges to African...
Although southern African economies appear to have escaped the initial phase of the East Asian economic crisis relatively unscathed, the second stage of the contagion was somewhat less benevolent in its influence on southern African economies. This paper seeks to investigate the impact of the...
One of the major challenges that may be confronting sub–Saharan African (SSA) economies in the 21st century is that of a changing North–South trading structure. An earlier study (Olofin, 1995), tried to show that close to the turn of the century, the SSA countries remained the only group of...
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