<?xml version="1.0" encoding="UTF-8"?>
<feed xmlns="http://www.w3.org/2005/Atom" xmlns:dc="http://purl.org/dc/elements/1.1/">
  <title>EconStor Collection:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/264211" />
  <subtitle />
  <id>https://hdl.handle.net/10419/264211</id>
  <updated>2026-04-30T01:44:48Z</updated>
  <dc:date>2026-04-30T01:44:48Z</dc:date>
  <entry>
    <title>External debt and unemployment nexus: Evidence from West Africa</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336916" />
    <author>
      <name>Udoh, Elijah Abasifreke P.</name>
    </author>
    <author>
      <name>Onah, Anthony O.</name>
    </author>
    <id>https://hdl.handle.net/10419/336916</id>
    <updated>2026-02-21T10:16:49Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: External debt and unemployment nexus: Evidence from West Africa
Authors: Udoh, Elijah Abasifreke P.; Onah, Anthony O.
Abstract: This study examines the dynamic relationship between external debt and unemployment in West Africa, employing the Panel Autoregressive Distributed Lag (P-ARDL) method with the Pooled Mean Group (PMG) estimator. Annual data from 16 West African countries (1991-2021) were analysed. The results reveal a critical duality where external debt has a positive and marginally significant short-run impact on unemployment, but no statistically significant long-run relationship. This indicates that while debt accumulation may create immediate labour market pressures, its long-term effect on structural unemployment is conditional on institutional factors and debt utilisation efficiency. Control variables show inflation has a significant negative long-run relationship with unemployment, while GDP growth shows a positive long- run association, suggesting patterns of "jobless growth" in the region. The findings imply that West African governments have not consistently harnessed external borrowing for sustainable job creation. We recommend institutional reforms to explicitly link debt governance to employment outcomes, strategic investment in labour-intensive sectors, and enhanced regional coordination to transform external debt into a catalyst for inclusive growth.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Investigating the determinants of regional value chains in African countries: A gravity model analysis</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336915" />
    <author>
      <name>Oyelami, Lukman Oyeyinka</name>
    </author>
    <author>
      <name>Odularu, Gbadebo</name>
    </author>
    <author>
      <name>Dunmade, Emmanuel O.</name>
    </author>
    <id>https://hdl.handle.net/10419/336915</id>
    <updated>2026-02-21T10:16:47Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Investigating the determinants of regional value chains in African countries: A gravity model analysis
Authors: Oyelami, Lukman Oyeyinka; Odularu, Gbadebo; Dunmade, Emmanuel O.
Abstract: This study investigates the determinants of regional value chains (RVCs) in African countries using gravity model analysis. This approach allows for bilateral characteristics of the gravity model and gives room for introducing policy variables in the augmented version. To that effect, RVCs were modelled as a dependent variable in our estimation, and apart from the gravity variables, relevant policy and non-policy variables based on guidance from the literature were introduced to provide policy directions to government and non-government actors in policy space towards efforts to promote RVCs participation on the continent. The results from our model have demonstrated the importance of gravity variables such as distance and colonial experience as crucial factors for RVC participation. However, the place of policy variables such as tariffs, industrialisation, accession to regional trade agreements and strategic FDI inflows cannot be overemphasised.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>A Bayesian estimation of monetary policy effects on macroeconomic dynamics in Sierra Leone: A new Keynesian DSGE approach</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336824" />
    <author>
      <name>Daboh, Foday</name>
    </author>
    <author>
      <name>Abraham Jackson, Emerson</name>
    </author>
    <author>
      <name>Tamuke, Edmund</name>
    </author>
    <id>https://hdl.handle.net/10419/336824</id>
    <updated>2026-03-05T10:02:48Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: A Bayesian estimation of monetary policy effects on macroeconomic dynamics in Sierra Leone: A new Keynesian DSGE approach
Authors: Daboh, Foday; Abraham Jackson, Emerson; Tamuke, Edmund
Abstract: This paper conducts a Bayesian assessment of a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model in the context of Sierra Leone's economy by l utilising quarterly data from 2011 to 2022. It examines how monetary policy, demand shocks, and cost-push shocks affect selected macroeconomic variables, including production, inflation, and the policy interest rate. The analysis highlights the crucial role of monetary policy in managing demand-induced inflation; however, it is comparatively less successful in mitigating inflation resulting from cost-push shocks, such as commodity price volatility. The research found that demand shocks result in a temporary rise in output and inflation, followed by policy tightening. Conversely, cost-push shocks induce persistent inflationary pressures, pushing the economy into recession, characterised by declines in output. The results highlight the importance of macroeconomic policy coordination that amalgamates effective monetary policies with structural changes, particularly given Sierra Leone's vulnerability to exogenous shocks. This paper enhances the comprehension of DSGE models relevant to low-income countries, providing the Bank of Sierra Leone and similar institutions with significant insights into complex economic dynamics. Policy recommendations include enhancing fiscal-monetary coordination, investing in supply-side diversification, and strengthening institutional credibility to build resilience against macroeconomic shocks.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Money demand function in ECOWAS: Insights from second- generation panel data analysis</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/328283" />
    <author>
      <name>Odeleye, Anthonia Taye</name>
    </author>
    <author>
      <name>Ukudo, Bartholomew A.</name>
    </author>
    <author>
      <name>Ogunrinde, Samuel O.</name>
    </author>
    <author>
      <name>Akinola, Ayooluwa I.</name>
    </author>
    <id>https://hdl.handle.net/10419/328283</id>
    <updated>2025-10-17T07:48:35Z</updated>
    <published>2024-01-01T00:00:00Z</published>
    <summary type="text">Title: Money demand function in ECOWAS: Insights from second- generation panel data analysis
Authors: Odeleye, Anthonia Taye; Ukudo, Bartholomew A.; Ogunrinde, Samuel O.; Akinola, Ayooluwa I.
Abstract: The stability of the demand for money is a crucial element of the monetary policy of any economy. This work provides insight into the factors influencing money demand in the Economic Community of West African states. It presents an empirical analysis of money demand estimations in the region between 1990 and 2022. The optimum quantity theory of money proposed by Friedman is the study's theoretical foundation. The Augmented Mean Group estimator was employed to obtain the long-run coefficients and analyse the non-stationary variables of the study. The results show that real income (positive) and inflation (negative) adequately influence money demand in the ECOWAS region. In addition, it indicates that only five member states (Ghana, Guinea, Liberia, Nigeria, and Senegal) experienced significant changes in the effects of real income on money demand. It is recommended that money supply be the primary tool for ensuring price stability due to its positive relationship with inflation in most of the countries in the region. The central banks in the region should also make the deepening of their financial sectors a priority.</summary>
    <dc:date>2024-01-01T00:00:00Z</dc:date>
  </entry>
</feed>

