Forthcoming articles


African Journal of Economic and Sustainable Development


These articles have been peer-reviewed and accepted for publication in AJESD, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


Forthcoming articles must be purchased for the purposes of research, teaching and private study only. These articles can be cited using the expression "in press". For example: Smith, J. (in press). Article Title. Journal Title.


Articles marked with this shopping trolley icon are available for purchase - click on the icon to send an email request to purchase.


Articles marked with this Open Access icon are freely available and openly accessible to all without any restriction except the ones stated in their respective CC licenses.


Register for our alerting service, which notifies you by email when new issues of AJESD are published online.


We also offer RSS feeds which provide timely updates of tables of contents, newly published articles and calls for papers.


African J. of Economic and Sustainable Development (4 papers in press)


Regular Issues


  • Choice of Environmental Policy Instruments and Welfare in Middle-income countries: the case of Cote dIvoire   Order a copy of this article
    by Boka Assa, Zie Ballo, Mbaye Diene 
    Abstract: The purpose of this paper is to determine among pollution taxes, rules and a combination of taxes-rules instruments, one that allows increasing welfare in middle-income countries (MICs) that face economic and environmental shocks. To do this, we used a micro-founded dynamic stochastic general equilibrium (DSGE) model whose parameters are estimated on the Ivoirian economy by the Bayesian method. The results of welfare comparison under three regimes show on the one hand that when public abatement spending is effective, welfare under pollution taxes are higher than pure rules if shocks are strong. But when rules are combined with output taxes for public clearance spending (mixed instrument), welfare under mixed instrument become better than pollution taxes regardless of the type of shock. On the other hand, when the government intervention is inefficient, welfare under pollution taxes are almost equivalent to pure rules but remain lower than the mixed instrument. Our findings suggest that rules combined with output taxes for public clearance spending are appropriate to deal with the economic and environmental shocks in MICs.
    Keywords: Middle-income countries; environmental policy instruments; general equilibrium; shock.

  • Positive and Negative Impacts of Natural Gas Consumption on Economic Growth in Nigeria: A Nonlinear ARDL Approach   Order a copy of this article
    by Mukhtar Danladi Galadima, Abubakar Wambai Aminu 
    Abstract: The paper has examined positive and negative effects of natural gas on economic growth in Nigeria using Nonlinear Autoregressive Distributed Lag (NARDL) model. The findings revealed that the negative and positive impacts of natural gas consumption on economic growth are asymmetric in the long run whereas in the short run such evidence has not been found. However, in the long run, the positive impact is 0.15% per 1% increase while the negative impact is insignificant. The implication of the results is that an increase in natural gas consumption can stimulate growth in the long run and, energy efficiency / energy saving policies is not a limiting factor to growth, thus, it does not engender a fall in the rate of economic growth. Therefore, the paper recommends that authorities of the Nigerias economy boost the domestic demand for natural gas, and chart out energy efficiency strategies such as using a light-emitting diode (LED) light bulb or a compact florescent light (CFL) bulb that requires less energy than an incandescent light bulb, and water booster heaters. This way, sustainable economic growth, curbing the issue of global warming and, minimizing costs of energy consumption can be achieved.
    Keywords: Non-linear ARDL; Natural Gas Consumption; Economic Growth.

  • Effect of Credit Supply Constraint on Labor Productivity in sub-Saharan Africa   Order a copy of this article
    by Kwame Acheampong 
    Abstract: This paper investigates the effect of credit supply constraint of risk on labor productivity in 33 sub-Saharan Africa (SSA) countries spanning 1990-2013. It estimates the long run effect of credit supply constraints on labor productivity using the Pooled Mean Group (PMG) estimator. The results revealed that a reduction in both actual and expected risk premiums increased labor productivity in SSA. This findings suggest that in order to relax the credit supply constraints with the intent to improving labor productivity, domestic interest rate should account for changes in foreign interest rate to enhance the needed capital inflows.
    Keywords: productivity; credit; risk; interest-rate. JEL: F65. F66. G11.

    by Ahmed Krouso, Dilek Temiz Dinc, Aytac Gokmen, Mehmet Yazici 
    Abstract: The aim of this study is to examine the relationship between money supply, inflation and economic growth in Libya. Vector Auto-regression Model, Johansen co-integration test and Granger causality were used in the analysis for the sample period of 1960-2016. The results indicate that all the variables are co-integrated in long-term. Furthermore, the increase in economic growth by 1% decreases inflation by 1.55%. While the growth in money supply by 1 percent will increase the price level by 1.15 %. According to the results of the causality test, there is no causality direction in short-run among the variables except unidirectional causality among economic growth and money supply running from RGDP to RM2 at the to 5% significance level. In addition, the response of inflation on the economic growth is negative all throughout the ten periods. Also, the same applies to money supply and economic growth. Besides, economic growth has an early and positive impact on money supply.
    Keywords: Money supply; Inflation; Economic Growth; Co-integration; Libya.