Youssouf Kiendrebeogo

Financial Factors and Manufacturing Exports: Firm-Level Evidence From Egypt

Abstract This paper focuses on the effects of financial factors on manufacturing firms’ export participation in a panel of Egyptian manufacturing firms over the 2003–2008 period. Our main results show that financial constraints reduce export participation of Egyptian firms, while financial liquidity improves it. Moreover, financial constraints have a negative impact on alternative measures of export activity, namely, export intensity and the time the firm takes before starting to export. Consequently, adding to the scarce literature on developing countries, our results support an important impact of financial factors on Egyptian firms’ participation in international trade.

The determinants of child mortality reduction in the Middle East and North Africa

Although child mortality rates have declined all across the developing world over the past 40 years, they have fallen the most in the Middle East and North Africa (MENA) region. We investigate the causes of this through an econometric model that differs from previous studies in using the change in child mortality, rather than its level, as the dependent variable. We show that the process of child mortality decline has been characterized by convergence, whereby countries with higher levels of initial child mortality have experienced faster declines than those with lower levels. In addition, we find that public spending on health, growth rates of income and levels of caloric adequacy are robust determinants of the change in child mortality over time. Neither initial mortality status nor caloric adequacy is likely to remain as important for the MENA region in the future as they have been in the past. The region has been benefitting less and less from the convergence momentum conferred by high initial child mortality as its mortality levels have declined over time and this will continue into the future. With regard to caloric adequacy, the region is unlikely to experience significant improvements in the future as it has already achieved a high level of food sufficiency. Accordingly, most countries in the region must look to achieving more rapid income growth and higher rates of appropriately targeted public spending on health in order to achieve further child mortality reductions in the future.

Who supports violent extremism in developing countries ? analysis of attitudes based on value surveys

What are the common characteristics among radicalized individuals, willing to justify attacks targeting civilians? Drawing on information on attitudes toward extreme violence and other characteristics of 30,787 individuals from 27 developing countries around the world, and employing a variety of econometric techniques, this paper identifies the partial correlates of extremism. The results suggest that the typical extremist who supports attacks against civilians is more likely to be young, unemployed and struggling to make ends meet, relatively uneducated, and not as religious as others, but more willing to sacrifice own life for his or her beliefs. Gender and marital status are not found to explain significantly the individual-level variation in attitudes toward extremism. Although these results may vary in magnitude and significance across countries and geographic regions, they are robust to various sensitivity analyses.

Why Do Some Oil-Rich Countries Perform Better Than Others?

Progress in child mortality reduction and education attainment varies widely among oil-rich countries. This paper investigates the causes of this variation using an empirical model that departs from the available literature in allowing for explicit measurement of the impact of initial levels of child mortality and education attainment. The results show that the following four variables are statistically significant and robust across various specifications: public spending on health and education, economic growth rates, caloric sufficiency, and initial levels of child mortality and education attainment. Further analysis was conducted to determine the economic significance of these factors by examining the contribution of each to the fitted growth rates (as a deviation from the sample mean) of child mortality and secondary school enrollment for 14 oil-rich developing countries. The analysis reveals some interesting patterns. First, initial conditions dominate the results for education attainment: the initial level of secondary school enrollment in 1980 is the dominant factor in explaining subsequent improvements in 10 of the 14 oil-rich developing countries for which calculations could be performed. Second, policy factors worked in different ways in different countries. A high degree of caloric sufficiency enabled countries in the Middle East and North Africa to reduce child mortality faster, while low levels of caloric sufficiency prevented African oil-rich countries, such as Angola and the Republic of Congo, from making progress. Third, levels of public spending were not economically critical for gains in school enrollment, although they were important in a few country cases for improvements in child mortality rates.

Financial development and poverty: evidence from the CFA Franc Zone

ABSTRACT The financial liberalization in the 1980s and early 1990s led the CFA Franc Zone countries to deepen reforms in their financial systems. These reforms fostered financial development, which in turn may have reduced income poverty, as emphasized by several theoretical arguments in the literature. This study aims at estimating the contribution of financial development to poverty alleviation in the CFA Franc Zone. Results based on a panel of CFA Franc Zone countries show that financial development is associated with a drop in the proportion of poor population. Next, financial development reduces the extent to which the income of individuals falls below the poverty line. Moreover, in some cases, the effect of financial development on poverty may be subject to nonlinearities. Finally, financial instability or unstable financial development leading to crises may mitigate the favourable effect of financial development on poverty reduction. These findings are robust to the use of alternative measures of financial development and hold after controlling for a potential simultaneity and a small sample biases.

Education attainment in the Middle East and North Africa : success at a cost

This paper reviews the experience of the Middle East and North Africa region in education attainment over the past four decades (1970-2010). It documents the following main findings: (a) all countries in the region experienced significant improvements in educational attainment over this period; (b) most countries in the region did better in this regard than comparators that had roughly the same education stocks in 1970; (c) collectively, the region achieved a greater percentage increase in education than other regions; (d) the regions better performance was in part because of higher rates of public spending on education, better food sufficiency status, and a lower initial stock of education in 1970 in comparison with most other developing country regions; and (e) the region had among the lowest payoffs to public spending in terms of increments in education stock; the impressive advance in education was achieved at high cost.