AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY
Objective: Statistical measuring of the influence of economic growth on the social sphere of African countries’ population. Methods: Correlation-regression method (nonlinear equations), point prediction, descriptive statistics. Results: The weak influence of African countries’ economic growth on pov...
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| Format: | Article |
| Language: | English |
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Tatar Educational Center “Taglimat” Ltd.
2013-06-01
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| Series: | Russian Journal of Economics and Law |
| Subjects: | |
| Online Access: | https://www.rusjel.ru/jour/article/view/1216 |
| _version_ | 1826928636910895104 |
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| author | M. N. Atchade |
| author_facet | M. N. Atchade |
| author_sort | M. N. Atchade |
| collection | DOAJ |
| description | Objective: Statistical measuring of the influence of economic growth on the social sphere of African countries’ population. Methods: Correlation-regression method (nonlinear equations), point prediction, descriptive statistics. Results: The weak influence of African countries’ economic growth on poverty level is revealed. The solution to this problem is proposed. Scientific novelty: The import and export increase in African countries in 2000–2011 is described by exponential function; the non-formal sector is the reason for the incomplete estimation of GDP, unemployment and, consequently, reducing the efficiency of programs aimed at poverty reduction, as the poverty level elasticity by people’s incomes is lower in Africa than in Latin America and Asia. Conclusion is made on the necessity to introduce the newest technologies into the region’s economy. Practical value: The obtained results allow to review the objectives of social programs in African countries and invest into certain sectors depending on their importance. |
| first_indexed | 2024-03-08T23:16:20Z |
| format | Article |
| id | doaj.art-59710271f0624d26af9b1caa62ba1850 |
| institution | Directory Open Access Journal |
| issn | 2782-2923 |
| language | English |
| last_indexed | 2025-02-17T15:53:33Z |
| publishDate | 2013-06-01 |
| publisher | Tatar Educational Center “Taglimat” Ltd. |
| record_format | Article |
| series | Russian Journal of Economics and Law |
| spelling | doaj.art-59710271f0624d26af9b1caa62ba18502024-12-18T11:46:57ZengTatar Educational Center “Taglimat” Ltd.Russian Journal of Economics and Law2782-29232013-06-01021591631214AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITYM. N. Atchade0Saint Petersburg state university for economics and financeObjective: Statistical measuring of the influence of economic growth on the social sphere of African countries’ population. Methods: Correlation-regression method (nonlinear equations), point prediction, descriptive statistics. Results: The weak influence of African countries’ economic growth on poverty level is revealed. The solution to this problem is proposed. Scientific novelty: The import and export increase in African countries in 2000–2011 is described by exponential function; the non-formal sector is the reason for the incomplete estimation of GDP, unemployment and, consequently, reducing the efficiency of programs aimed at poverty reduction, as the poverty level elasticity by people’s incomes is lower in Africa than in Latin America and Asia. Conclusion is made on the necessity to introduce the newest technologies into the region’s economy. Practical value: The obtained results allow to review the objectives of social programs in African countries and invest into certain sectors depending on their importance.https://www.rusjel.ru/jour/article/view/1216povertyeconomic growthtrading balancenon-formal sector |
| spellingShingle | M. N. Atchade AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY Russian Journal of Economics and Law poverty economic growth trading balance non-formal sector |
| title | AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY |
| title_full | AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY |
| title_fullStr | AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY |
| title_full_unstemmed | AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY |
| title_short | AFRICA: ECONOMIC GROWTH IN SPITE OF POLITICAL INSTABILITY |
| title_sort | africa economic growth in spite of political instability |
| topic | poverty economic growth trading balance non-formal sector |
| url | https://www.rusjel.ru/jour/article/view/1216 |
| work_keys_str_mv | AT mnatchade africaeconomicgrowthinspiteofpoliticalinstability |