Abstract
The empirical investigations in this thesis are relevant, timely and deal with contemporary regional and global developments that influence policy setting in Africa but have received less empirical attention. The thesis makes significant contributions by focusing on less researched areas in the extant areas, specifically, the emergence of an ‘African’ (or regional) business cycle as regional integrations deepen with the creation of large FTAs; the transmission of intra-regional spillover analysis; and the implications of external adjustments for global imbalances in large systematically important economies (in this case, the US and China) on African countries. It also extends the empirical literature by employing different novel large macro-econometric models to remedy the limitations in the previous studies and yield more robust evidence. The empirical researches in the thesis are also useful in the policymaking settings at the country, regional and global levels...
Ph.D. (Economics)