IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2023i1p214-d1307723.html
   My bibliography  Save this article

Re-Engineering Financial Resources through Development Finance in Africa: A Review of the Literature

Author

Listed:
  • Abiodun F. Okunlola

    (Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa)

  • Adewale R. Aregbeshola

    (Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa)

Abstract

Most studies erroneously conclude that financial engineering occurs only within the purview of private institutions. This study defies this claim and affirms an equal public prerogative. It proceeds to innovate a financial re-engineering (F-Re) axiom expressed by the foundational, fundamental, and finance pillars (FFFps). This is encapsulated in a quadrant (Q), with which it is believed Africa’s accelerated development can be harnessed. Exploratorily, in addition to the visual and matching path analyses, this study provides a clear path in Q1–4, showing how Africa should re-engineer citizens’ priorities using deliberate development finance principal strategies going forward.

Suggested Citation

  • Abiodun F. Okunlola & Adewale R. Aregbeshola, 2023. "Re-Engineering Financial Resources through Development Finance in Africa: A Review of the Literature," Sustainability, MDPI, vol. 16(1), pages 1-19, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:214-:d:1307723
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/1/214/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/1/214/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Priscilla Boiardi, 2020. "Managing and measuring the impact of sustainable investments: A two-axes mapping," OECD Development Co-operation Working Papers 74, OECD Publishing.
    2. Phemelo Tamasiga & Helen Onyeaka & Adenike Akinsemolu & Malebogo Bakwena, 2023. "The Inter-Relationship between Climate Change, Inequality, Poverty and Food Security in Africa: A Bibliometric Review and Content Analysis Approach," Sustainability, MDPI, vol. 15(7), pages 1-35, March.
    3. Wafa Khémiri & Ahmed Chafai & Faizah Alsulami, 2023. "Financial Inclusion and Sustainable Growth in North African Firms: A Dynamic-Panel-Threshold Approach," Risks, MDPI, vol. 11(7), pages 1-19, July.
    4. Jogeswar Mahato & Manish Kumar Jha, 2023. "Does financial inclusion promote sustainable livelihood development? Mediating effect of microentrepreneurship," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 15(4/5), pages 485-499, August.
    5. W. W. Rostow, 1959. "The Stages Of Economic Growth," Economic History Review, Economic History Society, vol. 12(1), pages 1-16, August.
    6. Sabina Alkire & Usha Kanagaratnam & Ricardo Nogales & Nicolai Suppa, 2022. "Revising the Global Multidimensional Poverty Index: Empirical Insights and Robustness," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(S2), pages 347-384, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leonardo Monasterio, 2011. "The Regional Inequality Frontier: Brazil (1872-2000)," ERSA conference papers ersa10p353, European Regional Science Association.
    2. Ibrahim Alshomaly & Walid Shawaqfeh, 2020. "The Effect of Export Diversification on the Economic Growth of West-Asian Arab Countries," Journal of Social Sciences (COES&RJ-JSS), , vol. 9(2), pages 429-450, April.
    3. Vu, Trung V., 2020. "Economic complexity and health outcomes: A global perspective," Social Science & Medicine, Elsevier, vol. 265(C).
    4. Hyeri Choi & Min Jae Park, 2019. "Evaluating the Efficiency of Governmental Excellence for Social Progress: Focusing on Low- and Lower-Middle-Income Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 111-130, January.
    5. Elvis Dze Achuo & Tii N. Nchofoung & Simplice A. Asongu & Gildas Dohba Dinga, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," Research Africa Network Working Papers 21/073, Research Africa Network (RAN).
    6. Broich, T. & Szirmai, A., 2014. "China's economic embrace of Africa: An international comparative perspective," MERIT Working Papers 2014-049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Elena V. Kurushina & Mikhail B. Petrov & Irina V. Druzhinina, 2020. "Cyclical impact of regional attractiveness characteristics on migration flows," Journal of New Economy, Ural State University of Economics, vol. 21(3), pages 91-111, October.
    8. Gál, Zoltán, 2019. "Az FDI szerepe a gazdasági növekedés és a beruházások területi differenciálódásában Magyarországon [The foreign direct investment role in Hungarys economic growth and territorial differentiation of," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 653-686.
    9. Xian Liang & Hui Xiao & Fangmiao Hou & Xuan Guo & Lishan Li & Longjunjiang Huang, 2024. "Breaking the chains of poverty: examining the influence of smartphone usage on multidimensional poverty in rural settings," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    10. Hilmawan, Rian & Clark, Jeremy, 2019. "An investigation of the resource curse in Indonesia," Resources Policy, Elsevier, vol. 64(C).
    11. Ansari, S. A. & Khan, W., 2018. "Relevance of Declining Agriculture in Economic Development of South Asian Countries: An Empirical Analysis," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(2).
    12. B. Venkatraja, 2022. "Does Foreign Direct Investment Reduce Carbon Emission? Evidence from the Panel of BRICS Countries," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 429-451.
    13. Ali˙ye A. Akgün & Tüzi˙n Baycan-Levent & Peter Nijkamp & Jacques Poot, 2011. "Roles of Local and Newcomer Entrepreneurs in Rural Development: A Comparative Meta-analytic Study," Regional Studies, Taylor & Francis Journals, vol. 45(9), pages 1207-1223, February.
    14. Hippolyte Fofack, 2014. "The Idea of Economic Development: Views from Africa," WIDER Working Paper Series wp-2014-093, World Institute for Development Economic Research (UNU-WIDER).
    15. Dongwu Wu & Linlin Wu & Yongbo Ye, 2022. "RETRACTED ARTICLE: Industrial structure optimization, economic development factors and regional economic risk prevention in post COVID-19 period: empirical analysis based on panel data of Guangdong re," Journal of Combinatorial Optimization, Springer, vol. 44(5), pages 3735-3777, December.
    16. Shakirah Esmail Hudani, 2020. "The Green Masterplan: Crisis, State Transition and Urban Transformation in Post‐Genocide Rwanda," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 44(4), pages 673-690, July.
    17. Lindner, Ines & Strulik, Holger, 2014. "From tradition to modernity: Economic growth in a small world," Journal of Development Economics, Elsevier, vol. 109(C), pages 17-29.
    18. Ferrarini, Benno & Scaramozzino, Pasquale, 2013. "Complexity, Specialization, and Growth," ADB Economics Working Paper Series 344, Asian Development Bank.
    19. Ademola Obafemi Young, 2019. "Growth Impacts of Income Inequality: Empirical Evidence From Nigeria," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 226-262, December.
    20. Loupias, Claire & Wigniolle, Bertrand, 2013. "Population, land, and growth," Economic Modelling, Elsevier, vol. 31(C), pages 223-237.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:214-:d:1307723. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.