Partners Diversification and Exposure of African Countries to International Crises: the Case of Kenya

The objective of this paper is to characterize the exposure of Kenyan\u27s income to international income, monetary and price shocks. The results suggest that the partners’ diversification permits them to resist to international shocks. In fact, Chinese conjuncture tends to be less exposed to OECD countries\u27 income and inflation shocks. Also, income in this country more depends on domestic investment and household consumption, in comparison to the exposure to OECD country shocks. In this context, we observe that the exposure of Kenyan income to OECD shocks regresses when the dependence to Chinese conjuncture progresses

Forecasting CEMAC’s foreign exchange reserves in presence of unanticipated changes in oil prices: an interrupted time series modelling

The foreign exchange reserves of the Central African Economic and Monetary Community (CEMAC) countries have decreased since the fall of world oil price that began in July 2014. In fact, five of the six of the CEMAC countries are oil producers. Based on interrupted time series modeling, the analysis shows that the unanticipated changes in oil prices immediately led to a decline in the level of their foreign exchange reserves. The trend is also decreasing. The model predicts a continued degradation of these reserves if oil prices remain low. In these conditions, the CEMAC could experience a currency crisis if economic policies implemented in this region do not lead to a return of economic growth

Trade Liberalization and Food Security: For a new green Revolution in Africa

The purpose of this study is to provide a framework in order to analyze the relation between trade liberalization and food security in Africa. From the 80s, the Bretton Woods institutions consider trade liberalization as a solution to achieve food security in Africa. In this study, the analysis of food security indicators is based on: availability, accessibility and stability / volatility. The situation is that several years after the application of this trade policy, the goal is still not achieved. Thus, reforming agricultural policies in Africa, a fair multilateral trade, the necessary facilities for the African countries to access international markets, and maintaining complementarity between Multilateralism and Regionalism are necessary conditions to promote food security in Africa

Economic Complexity and Gender Inequality in Education: An Empirical Study

International audienceBased on the generalized method of moments (GMM) developed by Blundell and Bond (1998), the effect of economic complexity on the Gender Parity Index in education (GPI) is empirically analyzed over the period from 1984 to 2014. The results show, firstly, that the economic complexity positively impacts the GPI at the primary and secondary levels taking into account the global sample. Secondly, they show that it negatively impacts the GPI at the tertiary level in the case of the sample of high-income countries and MENA. They also show that it has a positive effect on the GPI taking into account the global sample, middle-income countries, low-income countries and African countries. Finally, they show that public spending on education, good governance and financial openness reduce gender inequalities at all levels of education in all samples