Economic Trade and Development
Saturday, Jan. 5, 2019 8:00 AM - 10:00 AM
- Chair: Gregory N. Price, Morehouse College
Can Parent's Alcohol Consumption Create Negative Education Externalities for Children? Evidence from India
AbstractSeveral factors aﬀect the human capital accumulation of a child and many of such factors have been investigated extensively in the past literature. In this paper we focus on drinking alcohol, a parent related factor that has received considerable less attention but could potentially create a negative externality on children's education attainment and enrollment through its eﬀect on family budget and child's mental, social and emotional health. Using data from India's 2005 DHS survey which allows us to identify parents who drink, we attempt to estimate the average impact of having a drinking parent (father or parent) on education enrollment and attainment. We derive causal impact exploring an instrumental variable approach. Our results suggest a significant negative eﬀect of a father's alcohol consumption on a child's educational attainment. We do not find any eﬀect on enrollment using our IV approach.
Economic Integration In West Africa: A Reconsideration of the Evidence
AbstractThe paper argues that the delay of economic integration in the West African sub-region is not only due to economic factors within the economies of member countries but also there are socio-political factors delaying the eventual establishment of a monetary union. Furthermore, the dichotomy between the Franco-phone and Anglo-phone countries remain a major challenge to economic integration. Matters such as financial and infrastructural integration are examined in the paper. Based on panel regression results, the paper shows that the lack of fiscal co-ordination, the vulnerability of the economies to external shocks as well as the lack of political will, among others would delay the establishment of a monetary union in the sub-region. The paper suggests based on the analysis various unorthodox approaches to economic integration of the region.
Structural Transformation and Primary Commodity Dependence in the ‘Rising’ ECOWAS Economies
AbstractAfrica’s natural resource wealth is vast and in recent times, their discoveries have attracted huge investments by multinational and national organizations particularly in the extractive industry and emergent agricultural value chain sub-sector. The large investments have, however, not translated into better living conditions of the citizenry; and even worse-off are fragile local communities most directly affected by natural resource exploitation. The debate in contemporary literature among academics and policy analysts is whether the large natural resources endowment is a “paradox of plenty”. The paper argues albeit empirically, that natural resources endowment particularly in primary commodity exporting economies of West Africa is a drag in their industrial structural transformation induced by lack of good governance and the tragedy of political economy.
How Do United States Multinationals Impact Growth in West African Countries?
AbstractAlthough evidence of United States (US) multinational corporations is prevalent in West African countries bilateral international flow data is difficult to find. In general, foreign investment at the partner-country level is difficult to study for many emerging economies and this is especially true for African countries. Nonetheless, this study examines the investment position of the United States based on data from the United States to see its impact on growth in selected West African countries over time as compared to bilateral trade. This data, to some degree, allows for bilateral investment flow relationships between West African countries and the US as opposed to West African countries and the rest of the world in aggregate. From this, policy makers can determine the best the direction of West African countries in terms of continuing to accept foreign investment and, perhaps, foreign aid. Also, the data limitations provide a basis for a detailed method of FDI accounting and collection of data at the country level or by a neutral source such as United Nations.
- F1 - Trade
- F5 - International Relations, National Security, and International Political Economy