Research ArticleOpen AccessGoogle Scholar indexed
The Need for Structural Adjustment: Was It Essential for African Countries over the Decade of the 80’s? An Econometric Analysis Using Count Data Models
Institut National de la Statistique, Brazzaville, Republic of Congo
- 1 Institut National de la Statistique, Brazzaville, Republic of Congo
Open Journal of Statistics·Volume 07 (2017)·Pages 599–607·Published 21 July 2017·DOI10.4236/ojs.2017.74041
Copy link · social · email
Abstract
Several economists agree to say that the need for adjustment was essential for African countries over the decade of the 80’s. The econometric analysis of a sample of 28 sub-Saharan African countries, from variables regarded as “representatives” for the adjustment objectives, proves that this assertion cannot be completely rejected.
KeywordsStructural AdjustmentCount ModelsPoisson ModelNegative Binomial Model
- Henner, H.F. (1996) Ajustement Structurel et Compétitivité des Economies Africaines, CERDI, Document E.96.34.
- World Bank (1994) Adjustment in Africa: Reforms, Results and Road Ahead.
- Guillaumont, P. and Guillaumont, S. (1994) Ajustement et Developpement. L’expérience des pays ACP, Afrique, Caraibe, Pacifique. Economica, Paris.
- Thorbecke, E. and Kone, S. (1995) The Impact of Stabilization and Structural Adjustment Programmes on Performance in Sub-Saharan Africa. In: Berthelemy, J.-C., Ed., Whither African Economies? OECD, Paris, 17-56.
- Leenhardt, B., L’heriteau, M.F. and Tanke, N. (1991) Une Décennie d’Ajustement en Afrique. Performances comparées de 28 Pays africains, 1980-1989, Notes et Etudes No. 43, CCCE.
- Morrison, C., Lafay J.D. and Dessus, S. (1993) La Faisabilité Politique de l’Ajustement dans les Pays Africains. OCDE, Document technique No. 88.
- Weekes-Vagliani, W. (1990) Analyse des Variables Socioculturelles et de l’Ajustement en Cote d’Ivoire. OCDE, Document Technique No. 9.
- Cameron, A.C. and Trivedi, P.K. (1997) Regression Analysis of Count Data. Cambridge University Press, Cambridge.
- Winkelmann, R. and Zimmermann (1995) Recent Developments in Count Data Modeling and Application. Journal of Economic Surveys, 9, 1-24. https://doi.org/10.1111/j.1467-6419.1995.tb00108.x
- Winkelmann, R. (2003) Econometric Analysis of Count Data. Springer Verlag, Heidelberg. https://doi.org/10.1007/978-3-540-24728-9
- Gourieroux, C. (2000) Econometrics of Qualitative Dependent Variables. Cambridge University Press, Cambridge. https://doi.org/10.1017/CBO9780511805608
- Jaquemot, P. and Assidon, E (1988) Politique de Change et Ajustement en Afrique. Ministère de la Coopération et du Développement, Paris.
- Greene, W (2005) Functional Form and Heterogeneity in Models for Count Data. Foundation and Trend in Econometrics, 1, 113-218. https://doi.org/10.1561/0800000008
- Hausman, J.A., Hall, B.H. and Griliches, Z. (1984) Econometric Models for Count Data with an Application to the Patents-R and D Relationship. Econometrica, 52, 909-938. https://doi.org/10.2307/1911191
- Lee, L.F. (1986) Specification Test for Poisson Regression Models. International Economic Review, 27, 689-706. https://doi.org/10.2307/2526689