Agricultural Export-Diversification and Economic Growth in Caribbean Countries: Cointegration and Error-Correction Models

This article uses cointegration and error-correction models to analyze the causal relationship between agricultural export diversification and economic growth in eight selected Caribbean countries using annual data from 1961 to 2000. The empirical results show that in the short run, agricultural export diversification Granger causes economic growth in Barbados and Belize. Noncausality exists for the other countries. In the long run, agricultural export diversification also Granger causes economic growth in the Dominican Republic. On the contrary, agricultural export diversification is the outcome of the economic growth process in Belize, Costa Rica, Haiti, and Jamaica, in the long run. Noncausality exists in Trinidad and Tobago. There is no evidence of bi-directional causality in any of the countries in either the short or long run.     

Polygynous family system,neighbourhood contexts and under-five mortality in sub-Saharan Africa

ABSTRACT

Based on the competing theories regarding the relationship between family structure and child health outcomes, this article examined the effects of polygynous family system (PFS) on under-five mortality (U5M) across different socio-economic and neighbourhood contexts in selected sub-Saharan African countries. Cox proportional regression analysis was performed on pooled data of children (n?=?54 842) born in the five years before the Demographic and Health Surveys of selected countries. Results indicated differential effects of PFS on U5M across varying contexts, because risks of U5M were significantly higher for children of polygynous mothers in poor communities (hazard ratio: 2.98, 95% confidence interval: 2.23 to 3.95, p?<?0.001) and children of monogamists in poor communities (hazard ratio: 2.24, 95% confidence interval: 1.69 to 2.98, p?<?0.001) compared with the children of monogamists in rich communities. Given the worsening effects of polygyny on childhood survival across different contexts, this study stressed the need for marriage reforms and enforcement of a monogamous family system if significant U5M reduction would be achieved in sub-Saharan African countries during the post-2015 development era.     

Foreign travel and tourism prices and demand

Sunday, Alexander A., “Foreign Travel and Tourism Prices and Demand,” Annals of Tourism Research, Vol. V, No. 2, April/June 1978, pp. 268–273. Using regression analysis and panel data this study estimates the parameter effect of prices on American demand for foreign travel and tourism. Findings suggest that higher air fares generate fewer tourists but greater expenditure per tourist visit.     

Basel III liquidity rules: The implications for bank lending growth in Africa

This paper examines the possible loan growth effect of the Basel III NSFR and LCR requirements in Africa and seeks to determine whether the different regions of the continent are affected differently. The paper also offers what is possibly the first investigation of how the interaction between the performance of loan portfolios and the new Basel III liquidity requirements might shape bank loan growth rates. Using a dataset of 361 commercial banks across 38 African countries over the 2005–2015 period, our static and dynamic panel analyses show that both the NSFR and the LCR exert significant positive effects on bank loan growth rates. The results also reveal that the NSFR reduces the impact of the negative effect of poor performance of loan portfolios on bank loan growth rates. Compliance with the Basel III liquidity rules in Africa is therefore likely to have beneficial impacts on policies intended to increase bank lending in the continent.     

Do Farmers and the Environment Benefit from Adopting Integrated Pest Management Practices? Evidence from Kenya

We estimate the impacts of a bundle of integrated pest management (IPM) practices on mango yield, mango net income, insecticide use, human health and the environment, using recent household survey data of mango growers in Kenya. We employ a multinomial endogenous switching treatment regression model with an ordered probit selection rule to establish counterfactual outcomes. Our results indicate that IPM‐adopting farmers have higher mango yields and mango net income, and also use lower quantities of insecticide and cause less damage to the environment and to human health. In addition, switching from one IPM to multiple IPM practices generates greater economic, environmental and human health benefits. These results suggest intensification of IPM‐adoption efforts and encouragement of the use of multiple IPM practices. These positive outcomes could be achieved through greater provision of technical support and extension services to farmers.