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Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: roles of demographic differences, exchange rate regimes and institutional quality

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  • Tii N. Nchofoung

    (University of Dschang)

  • Ibrahim Ngouhouo

    (University of Dschang)

Abstract

The objective of this paper is to investigate the determinants of economic resilience in sub-Saharan African (SSA) countries. The analyses focus on the roles played by demographic structures, exchange rate regimes and institutional quality. We use the panel data technique for 22 SSA countries during the period 1996–2018 via the system GMM method of estimation. The results of the analyses indicate that sectoral diversity, industrialisation, trade openness, human capital and population growth rate are determinants of economic resilience. Moreover, demographic trends, institutional quality and exchange rate regimes, when considered, greatly explain resilience in SSA countries. Policy implications are discussed.

Suggested Citation

  • Tii N. Nchofoung & Ibrahim Ngouhouo, 2024. "Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: roles of demographic differences, exchange rate regimes and institutional quality," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 26(1), pages 186-213, April.
    • Handle: RePEc:spr:jsecdv:v:26:y:2024:i:1:d:10.1007_s40847-023-00258-9
    DOI: 10.1007/s40847-023-00258-9
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    More about this item

    Keywords

    Resilience; Demography; Institutional quality; Exchange rate regimes; System GMM;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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