https://nokspublishing.com/index.php/aemr <p><em><strong>African Economic and Management Review (AEMR)</strong> </em>is an international and Africa focused peer review Journal that advances both sound theoretical and empirical research, and encourages applied economics and sound business practices that promotes economic development in Africa. <span style="font-size: 0.875rem;">The African Economic and Management Review (AEMR) is a bi-monthly journal that focuses on research in the field of economics, business, and management related discipline. </span><span style="font-size: 0.875rem;">Authors interested in submitting to this journal should read <a href="https://nokspublishing.com/index.php/aemr">About the journal</a> first and subsequently </span><a style="background-color: #ffffff; font-size: 0.875rem;" href="https://nokspublishing.com/index.php/aemr/user/register">register</a><span style="font-size: 0.875rem;"> with the journal prior to submitting. If you encounter any challenge during submission kindly send article to editor through this email aemr@nokspublishing.com.</span></p> <p><span style="font-size: 0.875rem;">Or send us WhatsApp message by clicking the link. <a title="Send Us WhatsApp Message" href="https://api.whatsapp.com/send?phone=447526110534&amp;text=Thank%20you%20for%20contacting%20us.%20You%20can%20drop%20your%20message/question,%20one%20of%20our%20team%20will%20respond%20to%20your%20question%20shortly."><strong>Click here to Send Us WhatsApp Message</strong></a></span></p> <p>Specific topics the journal covers include but not limited to:</p> <ul> <li class="show">General Economics,</li> <li class="show">Micro and Macro Economics,</li> <li class="show">Labour, International, Monetary, Health, Energy, Information Economics etc.</li> <li class="show">Business and Management studies, </li> <li class="show">Business and Financial Studies,</li> <li class="show">Accounting,</li> <li class="show">Marketing studies,</li> <li class="show">Corporate governance and conflict management,</li> <li class="show">Communication,</li> <li class="show">Marketing Theory and Applications,</li> <li class="show">Organizational Behavior and Theory,</li> <li class="show">Personnel and Industrial Relations,</li> <li class="show">Social and Political Studies,</li> <li class="show">Other Social Sciences Studies.</li> </ul> <p><strong>ISSN Number: 2814-3418</strong></p> Noks Publishing en-US African Economic and Management Review 2814-3418 https://nokspublishing.com/index.php/aemr/article/view/3 <p>The study examined external shocks, economic resilience, and economic growth in Sub-Saharan Africa (SSA) countries, using Nigeria as a case study for the period between 1990 and 2022. To achieve this objective, the study employed Fully Modified Ordinary Least Squares (FMOLS) to estimate the relationship after subjecting the series to preliminary testing. The findings revealed that external shocks had a significant impact on Nigeria's economic growth during the observation period. Specifically, it was found that oil price shocks had a significantly negative impact on Nigeria's economic growth, while global demand shocks had a significantly positive impact. However, the study did not find sufficient evidence to conclude that financial shocks had a significant impact on Nigeria's economic growth. Regarding the interactive terms, it was discovered that when economic resilience was interacted with all three measures of external shocks (oil price, global demand, and financial shock), there was a significant impact on economic growth. This implies that economic resilience alters the effect of external shocks on economic growth in Nigeria, both in sign and size. The implication is that policymakers in Nigeria should make efforts to develop and measure Nigeria's economic resilience to external shocks, subsequently making efforts to improve areas of weakness to strengthen Nigeria's level of resilience to external shocks, ensuring stable economic growth.</p> Oladapo Awolaja Olusegun Ajibola Tonuchi Joseph Copyright (c) 2024 Oladapo Awolaja, Olusegun Ajibola, Tonuchi Joseph https://creativecommons.org/licenses/by-nc/4.0 2024-04-04 2024-04-04 4 1 1 8 10.53790/aemr.v4i1.3 https://nokspublishing.com/index.php/aemr/article/view/16 <p>The inclusivity of economic growth is crucial for enhancing socio-economic well-being. Despite various policy initiatives aimed at improving human capital in Sub-Saharan Africa (SSA), growth remains non-inclusive. This study investigates the impact of human capital development, particularly in education, on inclusive growth, measured through the Inclusive Growth Index (IGI) and GDP per person employed (GDPPPE) in SSA. To achieve this objective, panel data from 20 SSA countries spanning from 2000 to 2021 were utilized, employing cross-section dependence tests and the Feasible Generalized Least Squares estimation method. Results indicate that indicators of human capital development, such as secondary school enrolment (SSE) and public expenditure on education (PEE), positively and significantly influence IGI. However, while SSE positively impacts GDPPPE, PEE exhibits a negative and significant effect when considering corruption and the rule of law. In conclusion, the study emphasizes that human capital development is key in driving inclusive growth in SSA. It suggests that policy efforts to foster inclusive growth should prioritize expanding access to secondary school education and substantially increasing government spending on education, while ensuring that the process is free from corruption.</p> Ayodeji Owopetu Ovikuomagbe Oyedele Sheriffdeen Tella Copyright (c) 2024 Ayodeji Owopetu, Ovikuomagbe Oyedele, Sheriffdeen Tella https://creativecommons.org/licenses/by-nc/4.0 2024-04-22 2024-04-22 4 1 9 21 10.53790/aemr.v4i1.16