Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: roles of demographic differences, exchange rate regimes and institutional quality

Tii Nchofoung and Ibrahim Ngouhouo ()
Additional contact information
Ibrahim Ngouhouo: University of Dschang

Journal of Social and Economic Development, 2024, vol. 26, issue 1, No 9, 186-213

Abstract: Abstract The objective of this paper is to investigate the determinants of economic resilience in sub-Saharan African (SSA) countries. The analyses focus on the roles played by demographic structures, exchange rate regimes and institutional quality. We use the panel data technique for 22 SSA countries during the period 1996–2018 via the system GMM method of estimation. The results of the analyses indicate that sectoral diversity, industrialisation, trade openness, human capital and population growth rate are determinants of economic resilience. Moreover, demographic trends, institutional quality and exchange rate regimes, when considered, greatly explain resilience in SSA countries. Policy implications are discussed.

Keywords: Resilience; Demography; Institutional quality; Exchange rate regimes; System GMM (search for similar items in EconPapers)
JEL-codes: C23 O55 R11 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40847-023-00258-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jsecdv:v:26:y:2024:i:1:d:10.1007_s40847-023-00258-9

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40847

DOI: 10.1007/s40847-023-00258-9

Access Statistics for this article

Journal of Social and Economic Development is currently edited by M.G. Chandrakanth, D. Rajasekhar, Anand Inbanathan and S. Madheswaran

More articles in Journal of Social and Economic Development from Springer, Institute for Social and Economic Change
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().