Vulnerabilities of Sub-Saharan Africa Countries in the 2000s: A Competing Risk Approach

John Karikari

Journal of African Development, 2016, vol. 18, issue 1, 75-81

Abstract: This study assesses the vulnerabilities of Sub-Saharan Africa (SSA) countries in the 2000s (1999-2009) regarding whether the quality of their economic policies, institutions and governance improved or deteriorated. I find that overall the vulnerabilities of the countries were more likely to deteriorate than improve. More important, when there was more uncertainty with the vulnerabilities of the countries from 1999 to 2002 the per capita real gross domestic product of the countries declined. But from 2003 to 2009, when the vulnerabilities of the countries were stable, although the likelihood of deterioration still dominated, the per capita domestic real gross domestic product of the countries increased. Thus while it is important to assess the vulnerabilities of countries the stability of the conditions or the lack thereof is crucial.

Keywords: Competing risks; fragile/failing states; vulnerability; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: O10 O43 (search for similar items in EconPapers)
Date: 2016
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