The socioeconomic effects of shock in one country produce a spillover effect on other economies given the global village nature of the world today. Current economic analyses have tended to adopt methodologies that treat cross sectional dependence in analysing macroeconomic phenomena. We employ the novel dynamic common correlation effect technique of Chudik and Pesaran (2015) that accounts for cross sectional dependence to examine the short and long run effects of different sources of external capital (foreign direct investment (FDI), official development aid (ODA) and external debt) on economic growth within 36 Sub Saharan African countries between 1995-2018. The result indicates a negative effect of external debt and ODA on economic growth in both the short and long run but it's only statistically significant in the short run. FDI is positive but only statistically significant in the short run. Disparity is noticed in the results especially in the long run when the panel is sub divided into lower and middle income countries. ODA and FDI exert positive long run effect in low income countries but negative in middle income countries. Meanwhile debt is negative for both income groupings. Contribution/ Originality: This study uses the new estimation DCCE technique to examine capital inflow on economic growth in the presence of cross sectional dependence in SSA.
The objective of this study is to analyse the effect of perceived customer service quality dimensions, namely reliability, tangibility, empathy, responsiveness and assurance on customer satisfaction in commercial banks in Bamenda, Cameroon during the COVID19 pandemic period. The researchers randomly distributed 600 self-administered survey questionnaires online among private banks’ customers in Bamenda and obtained 468 useable responses with a 78% valid response rate. The research data were analysed using the multiple correspondence analyses (MCA), ordinary least square (OLS) technique and the structural equation modelling (SEM) approaches. The findings of the study from the OLS indicate that the five dimensions of service quality considered that is reliability, tangibility, empathy, responsiveness and assurance all enhance customer’s satisfaction of commercial banks in Bamenda Cameroon. These outcomes were found to be robust to analyses obtained from the SEM approach. With regards to the demographic variables used, only gender have a significant effect on customer’s satisfaction. These current research outcomes are anticipated to provide basic tenants of enhancing the satisfaction of commercial bank clients in Cameroon as well other countries. The study can equally serve as a tool for evaluating the client’s satisfaction with bank service amidst the COVID19 crisis given the time the data was collected. A key limitation of the study is that is focus only on customers of commercial banks of Bamenda city in Cameroon.
This study was set to investigate the effect of institutional quality and environmental sustainability on inclusive human development in 35 Sub-Sahara Africa over the period 2010 to 2017. The results of a structural equation modelling following Baron and Kenny (1986) showed that the effect institutional quality on inclusive human development is partially mediated by environmental sustainability.
Numerous pathways exist to explain people’s inherent motive to migrate from one place to another and multiple factors may be at play simultaneously. The objective of this work was to explore the role of income, psychological and family ties in the non-migration decision in the English speaking regions of Cameroon. Based on data collected primarily from 510 individuals regarding migration decisions and it’s determinant based on a Snowball approach. It was found that individuals with low income had higher tendency of migrating. It was also found that people refused to migrate despite the risk because of family ties. On the other hand, psychological factors have no significant effect on migration decision. Policy recommendations are also discussed.
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