The Palgrave Handbook of Africa's Economic Sectors

1142 Pages·2022·18.904 MB·English

by  Evelyn F. Wamboye

The Palgrave Handbook
of Africa’s Economic
Sectors
Edited by
Evelyn F. Wamboye · Bichaka Fayissa
The Palgrave Handbook of Africa’s Economic Sectors
·
Evelyn F. Wamboye Bichaka Fayissa
Editors
The Palgrave
Handbook of Africa’s
Economic Sectors
Editors
Evelyn F.Wamboye Bichaka Fayissa
Department of Economics Department of Economics and Finance
Pennsylvania State University DuBois MiddleTennessee State University
DuBois, PA, USA Murfeesboro,TN, USA
ISBN 978-3-030-75555-3 ISBN 978-3-030-75556-0 (eBook)
https://doi.org/10.1007/978-3-030-75556-0
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Contents
Introduction
The Question of Africa’s Economic Sectors and Development 3
Evelyn F.Wamboye
Agriculture Sector
The African Cotton Sector: Old and New Conundrums 31
Lorenza Alexandra Lorenzetti
The Political Economy of Fisheries Reform in Senegal 65
Mare Sarr, Mumbi E. Kimani, and Sisamkele Jobo
Are Large-Scale Land Acquisitions in Africa Pro-development?
A Network Analysis of FDI in Land and Agro-industry 87
Nadia Cuffaro, Laura Prota, and Raffaele Bertini
The Contribution of the Small-Scale Agricultural Sector
into South Africa’s FoodValue Addition Agenda 117
Adrino Mazenda, Ajuruchukwu Obi, andTyanai Masiya
Agricultural Credit Guarantee Scheme Fund in Historical
Context: Evidence from Nigeria 135
Muhammed Sani Dangusau
v
vi Contents
Toward Industrialization in Tanzania: What Is the Role
of the Agricultural Sector? 155
Honest Prosper Ngowi
An Analysis of the Importance of Oil Palm Tree in Central
and Southern Nigeria 177
Fidelis Achoba
Services Sector
Entrepreneurial Literacy as a Pathway to Economic
Empowerment of RuralWomen in Uganda 197
Susan Namirembe Kavuma, Florence Kyoheirwe Muhanguzi,
George Bogere, and Kiran Cunningham
The Impact of Education on Household Decision-Making
AmongWomen in Sierra Leone 217
Colin Cannonier and Monica Galloway Burke
A Critical Evaluation ofTanzania’sTourism Sector 255
Evelyn F.Wamboye
Banking Services and Inclusive Development in Sub-Saharan
Africa 319
Haruna Issahaku, Mohammed Amidu, and Aisha Mohammed Sissy
Finance-Growth Nexus: Evidence from a Dynamic Panel
Model on ECOWAS Countries 343
Toussaint Houeninvo and Germain Lankoande
The Impact of COVID-19 on Africa: Health and Economic
Implications 381
Marcus Hollington and Monique Bennett
Does Increased Government Spending on AdditionalTeachers
Improve Education Quality? 411
Mumbi E. Kimani
The Impact of Social Media Marketing on the Performance
of SMEs:The Case of Retailing Business inTanzania 437
Omary Swallehe
Addressing Quality Issues in African Higher Education:
A Focus on Ghana’s Emerging Private, Graduate, Business
Higher Education Sector 457
Stephen Armah
Contents vii
Industry Sector
Industrial Similarity, Diversification, and the Promotion
of Intra-AfricanTrade 481
Patrick N. Osakwe and Jean-Marc M. Kilolo
TheUntappedResource:EngagingMeninSupportingWomen
in Business in Uganda 509
Susan Namirembe Kavuma, Florence Kyoheirwe Muhanguzi,
George Bogere, and Kiran Cunningham
Aid for Trade and Sustainable Development
in Least-Developed African Countries 531
Mete HanYag˘mur, MuratYülek, and Mahmut Sami Güngör
Trade Credit Financing and Firm Growth: A Panel Study
of Listed Firms in Africa 551
Stanley Kojo Dary, Haruna Issahaku, and Benjamin Musah Abu
“Flying Geese” or False Promises: Assessing the Viability
of Foreign Direct Investment-Driven Industrialization
in Nigeria’s Shoe Manufacturing Industry 577
Aisha C. Udochi
Chinese Foreign Direct Investment in Africa: Its Motivations,
Determinants, and Impact on the African Economies 603
Kevin Honglin Zhang
Trade and African Continental FreeTrade Area
What Can Trade Tell Us About Economic Transformation?
Composition of Trade and Structural Transformation
in African Countries 627
Mina Baliamoune-Lutz and Abdoul’ Ganiou Mijiyawa
Tax Structure, Competitiveness of Firms, and International
Trade in Africa: Lessons fromWAEMU and CEMAC for CFTA 651
Nihal Bayraktar
An Assessment of the Potential Challenges of the African
Continental FreeTrade Agreement on Nigeria’sTextile Industry 671
Adaora Osondu-Oti
A Political Economy Assessment of the AfCFTA 693
Peter Draper, Habtamu Edjigu, and Andreas Freytag
viii Contents
What Are the Potential Benefits of African Continental Free
Trade Area to the Food and Beverage Sector in Africa? 721
Isaac Bentum-Ennin, Grace Darko Appiah-Kubi,
Dennis Boahene Osei, and Francis Kwaw Andoh
The AfCFTA:Trade and Investments Benefit for Nigeria 745
Chinwe Christopher Obuaku-Igwe
The Impact of Regional Integration onTrade and Economic
Development: ATripartite FTA Gravity Model for the Future
of the AfCFTA 769
Eduard Marinov and Dimitar Zlatinov
Infrastructure
Technological Progress via Imports and Economic Growth
in Africa 795
Jean-Claude Maswana
Global Value Chain Participation and Inclusive Growth
in Sub-Saharan Africa 815
Camara Kwasi Obeng, PeterYeltulme Mwinlaaru,
and Isaac Kwesi Ofori
Infrastructure Development and Sectoral Growth Nexus:
Evidence from Sub-Saharan Africa 841
Dennis Boahene Osei and Isaac Bentum-Ennin
Female Labor Force Participation, Infrastructure, and Sectoral
Value Additions in Sub-Saharan Africa 867
ThomasYeboah, Emmanuel Kumi, and Muazu Ibrahim
Governance
Sectoral Growth and Income Inequality in Sub-Saharan
Africa:The Role of Fiscal and Monetary Policies 897
William Godfred Cantah, Eric Amoo Bondzie, and Joshua Sebu
Gender Wage and Employment Gaps in the Sub-Saharan
Africa Economic Sectors 919
Melaku Abegaz and Gibson Nene
The Impact of Aid for Trade on Trade Costs Facing African
Economies 943
BedassaTadesse, Bichaka Fayissa, and Elias Shukralla
Contents ix
Market Governance and Emerging Economies in Africa:
A Dynamic Panel Analysis 977
Toussaint Houeninvo and Germain Lankoande
Africa Should Discard Mainstream EconomicTheory 995
John Komlos
Sustainable Economic Growth 1019
MadhaviVenkatesan
Exchange Rate Volatility and Tax Revenue Performance
in Sub-Saharan Africa 1039
Isaac Kwesi Ofori, Camara Kwasi Obeng,
and PeterYeltulme Mwinlaaru
TheEffectsofConflictonTrade:DoInternalConflictsImpede
Shifts to Manufacturing andTechnologyTransfer? 1063
JohnVerner and Matthew Clance
Index 1103
Notes on Contributors
Melaku Abegaz is Assistant Professor of Economics in the Department of
Economics at the University of Wisconsin-River Falls. His research areas are
economic development, trade, and labor economics. Melaku holds a Ph.D.
in Economics from Southern Illinois University Carbondale.
Benjamin Musah Abu is Lecturer in the Department of Economics and
EntrepreneurshipDevelopment,UniversityforDevelopmentStudies,Ghana,
andaPh.D.candidateinAppliedAgriculturalEconomicsandPolicy,Univer-
sity of Ghana where he received M.Phil. in Agricultural Economics. His
research concentrates on applied microeconomic analysis of productivity,
food security and nutrition, and agricultural commercialization of small-
holder farm households.
Fidelis Achoba isaSeniorLecturerintheDepartmentofHistoryandInter-
national Studies, Federal University Lokoja, Nigeria. He earned a Ph.D in
History from the University of Ibadan, Nigeria. Dr. Achoba’s area of special-
ization is Nigerian History, especially that of socio-political and economic
Intergroup relations. He has authored numerous peer-reviewed articles in
scholarly journals and chapters in books.
Mohammed Amidu is Associate Professor of Accounting and Finance at
the University of Ghana Business School. He earned his Ph.D. in Banking
from Southampton Business School, University of Southampton, UK. He is
a researcher with African Economic Research Consortium (AERC), and his
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