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Foreign Capital Flows and Output Growth Volatility in Selected Sub-Saharan African Countries

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Abstract

: This study tests the hypothesis that increased international financial integration helps emerging and developing economies to better manage output growth volatility. It uses the system dynamic panel model to analyse secondary data covering forty-two (42) sub-Saharan African countries. The study confirms the hypothesis that a higher level of international financial integration reduces instability in growth of output.

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Notes

  1. 1.

    The list of countries selected for the study are as follows. Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Democratic Republic of Congo, Congo Brazzaville, Cote d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, and Zimbabwe.

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Author information

Authors and Affiliations

  1. Department of Economics, University of Cape Coast, Cape Coast, Ghana

    William G. Brafu-Insaidoo

  2. Development Finance Centre, UCT Graduate School of Business, Cape Town, Western Cape, South Africa

    Nicholas Biekpe

Authors
  1. William G. Brafu-Insaidoo
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  2. Nicholas Biekpe
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Correspondence to Nicholas Biekpe .

Editor information

Editors and Affiliations

  1. Development Finance Centre, UCT Graduate School of Business, Cape Town, Western Cape, South Africa

    Nicholas Biekpe

  2. Institute of Development Policy and Management, Universiteit Antwerpen, Antwerp, Belgium

    Danny Cassimon

  3. Department of Finance Birmingham Business School, University of Birmingham, Birmingham, United Kingdom

    Andrew William Mullineux

Appendix

Appendix

The list of countries selected for the study are as follows. Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Democratic Republic of Congo, Congo Brazzaville, Cote d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, and Zimbabwe.

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Brafu-Insaidoo, W.G., Biekpe, N. (2017). Foreign Capital Flows and Output Growth Volatility in Selected Sub-Saharan African Countries. In: Biekpe, N., Cassimon, D., Mullineux, A. (eds) Development Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-54166-2_8

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  • DOI: https://doi.org/10.1007/978-3-319-54166-2_8

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  • Publisher Name: Palgrave Macmillan, Cham

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  • Online ISBN: 978-3-319-54166-2

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