Project MUSE®: The Journal of Developing Areas - Latest Articles
https://muse.jhu.edu/journal/258
Project MUSE®: Latest articles in The Journal of Developing Areas.daily12026-05-13T00:00:00-05:00text/htmlen-USVol. 37 (2003) through current issueLatest Articles: The Journal of Developing AreasTWOProject MUSE®The Journal of Developing Areas1548-22780022-037XLatest articles in The Journal of Developing Areas. Feed provided by Project MUSE®Determinants of Objective and Subjective Poverty in Kenya: Evidence from Kiambu County, Kenya
https://muse.jhu.edu/article/988700
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Many Sub-Saharan countries, including Kenya, are experiencing widespread poverty levels (Misaro et al., 2014; Ichwara et al., 2023). On the international stage, Kenya is classified as a lower-middle income country with a gross domestic product (GDP) of over $100 billion (KNBS, 2017; World Bank, 2018). The country has established a diverse and dynamic economy (Ichwara et al., 2023). Implicitly, Kenya positions itself as a gateway to the East African market, which consists of approximately 300 million individuals (Song and Imai, 2019; Mwaur et al., 2021). Despite this advantage, it is surprising that economic growth in Kenya has not been inclusive, leaving many Kenyans living in poverty (Song and Imai, 2019).Levels
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallDeterminants of Objective and Subjective Poverty in Kenya: Evidence from Kiambu County, Kenya2026-04-28text/htmlen-USDeterminants of Objective and Subjective Poverty in Kenya: Evidence from Kiambu County, Kenya2026-04-282026TWOProject MUSE®872592026-05-13T00:00:00-05:002026-04-28State of Inclusion: Understanding Financial Access Across India's Social and Economic Divides
https://muse.jhu.edu/article/988701
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Financial inclusion has a global impact on economies and is a key driver of sustainable development in the contemporary age. The governments in developed and developing economies worldwide have embraced financial inclusion (here after FI) as a significant developmental strategy and policy objective, aiming to attain heightened economic growth and development (Demirgüç-Kunt and Klapper, 2012; Beck et al., 2013; Fakher et al., 2021). Furthermore, the extant literature acknowledges the role of FI in fostering socially inclusive growth by mitigating income inequality (Demirgüç-Kunt and Singer, 2017; Neaime and Gaysset, 2018). Nevertheless, despite concerted efforts to surmount the obstacles impeding FI, persisting
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallState of Inclusion: Understanding Financial Access Across India's Social and Economic Divides2026-04-28text/htmlen-USState of Inclusion: Understanding Financial Access Across India's Social and Economic Divides2026-04-282026TWOProject MUSE®2375942026-05-13T00:00:00-05:002026-04-28Environmental Tax Reform and Corporate Green Transformation: Evidence from a Quasi-Natural Experiment
https://muse.jhu.edu/article/988702
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This study investigates whether China's water resource tax reform drive the green transformation of high water-consuming enterprises, and ultimately improve their ESG performance. With the growing number of signatories to the Principles for Responsible Investment (PRI) and increasing interest for investors in ESG, numerous academic research have examined the relationship between corporate behaviors and ESG performance (Gillan et al. 2021). Among these, the impact of corporate water actions has gained increasing recognition (Kurland and Zell 2010; Afrin et al. 2021).Water is the source of life, serving as not only the key to the normal operation of enterprises, but also the foundation for human survival and
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallEnvironmental Tax Reform and Corporate Green Transformation: Evidence from a Quasi-Natural Experiment2026-04-28text/htmlen-USEnvironmental Tax Reform and Corporate Green Transformation: Evidence from a Quasi-Natural Experiment2026-04-282026TWOProject MUSE®1611252026-05-13T00:00:00-05:002026-04-28Foreign Direct Investment, Financial Development, and Intra-African Trade
https://muse.jhu.edu/article/988703
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Foreign Direct Investment (FDI) and trade are two critical drivers of economic integration and development, particularly for emerging regions such as Africa. Over the past two decades, African economies have made concerted efforts to attract FDI as a means of boosting industrialization, enhancing technological capacity, and integrating into global value chains. At the same time, the continent has increasingly prioritized intra-African trade, most notably through the establishment of the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across the African countries. The interplay between FDI and intra-African trade is complex and not yet fully understood.
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallForeign Direct Investment, Financial Development, and Intra-African Trade2026-04-28text/htmlen-USForeign Direct Investment, Financial Development, and Intra-African Trade2026-04-282026TWOProject MUSE®1846692026-05-13T00:00:00-05:002026-04-28Economic Effects of Chinese Foreign Direct Investment Inflows Into African Countries: A Panel Data Analysis
https://muse.jhu.edu/article/988704
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African countries have been known until recently as the least developed and the poorest. Their under-development and extreme poverty are explained by their excessive reliance on low-productivity agriculture and exports of minerals and other raw products. Most of the policies designed over decades to lift them out of poverty have prescribed the development of strong manufacturing industries expected to transform their mineral and natural resources into high-value products, create jobs, and generate revenues for all segments of their populations.However, developing a manufacturing base has proved difficult due to their extremely low levels of investment. They have tried to attract foreign investment through inducing
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallEconomic Effects of Chinese Foreign Direct Investment Inflows Into African Countries: A Panel Data Analysis2026-04-28text/htmlen-USEconomic Effects of Chinese Foreign Direct Investment Inflows Into African Countries: A Panel Data Analysis2026-04-282026TWOProject MUSE®2037442026-05-13T00:00:00-05:002026-04-28Covid-19 Pandemic, Public Spending and Corruption: The Impacts of Corruption on Public Spending in Times of Economic Crisis
https://muse.jhu.edu/article/988705
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In developing countries, there has recently been a shift in policy towards the provision of many goods and services traditionally seen as "public goods" in order to sustain development, especially at times of economic instability. This direction, linked to the recent need for advances in technology in various sectors, has led to a major conflict in the management of resources, especially in economies in which government budget restrictions represent an obstacle for development (Ang, Madsen, & Islam, 2011; Chatterjee & Morshed, 2011).In times of economic crisis, governments have pursued policies aimed at mitigating their adverse effects by expanding the deficit between public spending and tax revenues. In this
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallCovid-19 Pandemic, Public Spending and Corruption: The Impacts of Corruption on Public Spending in Times of Economic Crisis2026-04-28text/htmlen-USCovid-19 Pandemic, Public Spending and Corruption: The Impacts of Corruption on Public Spending in Times of Economic Crisis2026-04-282026TWOProject MUSE®3025182026-05-13T00:00:00-05:002026-04-28Balassa-Samuelson (BS) Hypothesis: A Revisit
https://muse.jhu.edu/article/988706
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The Balassa-Samuelson (BS) hypothesis is a joint product of independent research by both Balassa (1964) and Samuelson (1964), rooted in the work of Harrod (1933). This is one of the most widespread explanations for structural deviations from the purchasing power parity (PPP), as introduced orgininally in Cassel (1918). In short, the BS Effect describes the relationship between an increase in productivity, exchange rate appreciation and an increase in wage growth. An increased level of productivity in the tradable goods sector of a country tends to cause appreciation of real exchange rate and consequent higher consumer prices, as a result of wage increases. The BS hypothesis is widely criticized in empirical studies
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallBalassa-Samuelson (BS) Hypothesis: A Revisit2026-04-28text/htmlen-USBalassa-Samuelson (BS) Hypothesis: A Revisit2026-04-282026TWOProject MUSE®1002172026-05-13T00:00:00-05:002026-04-28Accounting for Regional Dynamics and Global Influences in South Africa's Inflation Problem
https://muse.jhu.edu/article/988707
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As the world recovers from the COVID-19 pandemic, new global disruptions, such as the Russia-Ukraine crisis, impact economies worldwide. For South Africa and other emerging markets, these disruptions present significant challenges that threaten to slow the recovery process. One of the most influential shocks affecting South Africa is the high inflation rate in advanced economies, which is now reaching unprecedented levels. The high inflation has led to shifts in monetary policies in many developed countries, driven by the expansive fiscal and monetary stimulus introduced to mitigate the economic impacts of COVID-19 (Abaidoo & Agyapong, 2022). This situation has critical implications for South Africa due to its
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallAccounting for Regional Dynamics and Global Influences in South Africa's Inflation Problem2026-04-28text/htmlen-USAccounting for Regional Dynamics and Global Influences in South Africa's Inflation Problem2026-04-282026TWOProject MUSE®1355062026-05-13T00:00:00-05:002026-04-28How Important is Infrastructure Investment to Aggregate and Sectoral Production? New Evidence From Eastern Africa
https://muse.jhu.edu/article/988708
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An economic progress without infrastructure development in the form of roads, bridges, tunnels, water supply, sewers, electrical grids and telecommunications, is theoretically unthinkable if the Aschauerian view is anything to go by (Aschauer, 1989). This is because infrastructure is in economics viewed as public goods and services, which go into the production process to complement the traditional factors of production, viz., capital, labor and entrepreneur, affording it to help to increase returns on investment by reducing production cost and improving transition efficiency. Therefore, investments in infrastructures are expected, at least in theory, to promote economic performance and help to alleviate poverty
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallHow Important is Infrastructure Investment to Aggregate and Sectoral Production? New Evidence From Eastern Africa2026-04-28text/htmlen-USHow Important is Infrastructure Investment to Aggregate and Sectoral Production? New Evidence From Eastern Africa2026-04-282026TWOProject MUSE®1785352026-05-13T00:00:00-05:002026-04-28Macro-Economic Determinants of Mining Companies' Share Returns in South Africa
https://muse.jhu.edu/article/988709
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The main driving force behind the history, development, and growth of most of the advanced and powerful African economies is mining. In 2019 alone, South Africa was the largest producer of platinum, chromium, and manganese globally, and this shows how the mining sector has influenced global economies (Johannesburg Securities Exchange (JSE) 2024). The development of the mining sector is of paramount importance owing to the vast contribution it has to the local and global economies.There are 16 listed mining companies on the JSE with a total market capitalization of R1.5 trillion as of 2 June 2024, with total earnings of R245.5 billion, and total revenue of R932.9 billion as of that date (Du Toit 2024). All
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallMacro-Economic Determinants of Mining Companies' Share Returns in South Africa2026-04-28text/htmlen-USMacro-Economic Determinants of Mining Companies' Share Returns in South Africa2026-04-282026TWOProject MUSE®957882026-05-13T00:00:00-05:002026-04-28The Impact of Blockchain Technology on the Banking and Financial Systems in Nigeria
https://muse.jhu.edu/article/988710
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The advent of blockchain technology represents a paradigm shift in information and computing technology, characterized by its decentralized, transparent, and immutable nature. As a disruptive innovation, blockchain facilitates a shared digital ledger for record-keeping among multiple parties without relying on a central trusted authority, thereby fostering trust in otherwise trustless relationships. In the financial sector, this technology has emerged as a radical force with the potential to redefine traditional banking and payment systems, particularly in enhancing financial inclusion for the world's unbanked and underbanked populations. Conventional banking systems, often plagued by high costs, bureaucratic
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallThe Impact of Blockchain Technology on the Banking and Financial Systems in Nigeria2026-04-28text/htmlen-USThe Impact of Blockchain Technology on the Banking and Financial Systems in Nigeria2026-04-282026TWOProject MUSE®835442026-05-13T00:00:00-05:002026-04-28A Voice of Their Own: Academic Journals Published at HBCUs
https://muse.jhu.edu/article/988711
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Academic journals allow scholars to add to the ever-growing knowledge that sustains human interest. The hallmark of scholarly publication, in theory at least, is that the contribution's value outweighs individual, institutional, ideological, or nonscientific bias. Yet the human condition is plagued by prejudice, from which the academic community is not immune. Just as Historically Black Colleges and Universities (HBCUs) were established for the separate education of Blacks, Black academic journals were created to allow Black scholars to share and develop their research. Although not all journals of Black interest founded by Blacks are directly affiliated with an HBCU, many are or were founded or co-founded by HBCU
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallA Voice of Their Own: Academic Journals Published at HBCUs2026-04-28text/htmlen-USA Voice of Their Own: Academic Journals Published at HBCUs2026-04-282026TWOProject MUSE®734052026-05-13T00:00:00-05:002026-04-28Significance of Artificial Intelligence (AI) in The Unbiased Performance Appraisal of Remote Workers: A Review
https://muse.jhu.edu/article/988712
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Remote work, also known as telecommuting, is increasingly becoming an acceptable flexible mobile work arrangement practised by many organisations worldwide. Globally, the transition of physical workspace to remote working across developing nations came into the limelight during the COVID-19 pandemic, laying the foundation for working from home (WFH) (Afiqah et al., 2020). Since then, working remotely has been a common arrangement that presents several benefits to workers and employers. This work arrangement has improved employees' productivity and reduced operations costs on the employer's part (Ganguly et al., 2022).In recent times, working remotely has become a popular substitute for working in an office setting
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallSignificance of Artificial Intelligence (AI) in The Unbiased Performance Appraisal of Remote Workers: A Review2026-04-28text/htmlen-USSignificance of Artificial Intelligence (AI) in The Unbiased Performance Appraisal of Remote Workers: A Review2026-04-282026TWOProject MUSE®927642026-05-13T00:00:00-05:002026-04-28Re-Examining Socio-Economic Conditions and Democracy
https://muse.jhu.edu/article/988713
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In this article, we re-test several hypotheses on the theory of social prerequisites or socioeconomic modernization and its effects on democracy and democratization in the light of new measures and methods. In 1959, Seymour Martin Lipset proposed that democracy required socioeconomic "prerequisites," social and economic conditions that favored the operation of democratic institutions. In other words, democratic institutions require higher levels of economic development, urbanization, and education to function. Some early statistical tests on levels of democracy in large-N cross-sectional data confirmed "modernization" theory (Bollen & Jackman 1985; Burkhart & Lewis-Beck 1994; Lipset, Seong & Torres 1993). Later
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallRe-Examining Socio-Economic Conditions and Democracy2026-04-28text/htmlen-USRe-Examining Socio-Economic Conditions and Democracy2026-04-282026TWOProject MUSE®601152026-05-13T00:00:00-05:002026-04-28Does Strengthening the Rule of Law Help Curb Corporate Greenwashing? Evidence from the Establishment of Circuit Courts
https://muse.jhu.edu/article/988722
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Because of the lack of transparency in corporate environmental responsibility, the widespread greenwashing phenomenon in firms has attracted considerable attention from the academic community. Walker and Wan (2012) describe greenwashing as the disparity between a firm's "symbolic" environmental marketing and its actual "substantive" environmental efforts. In other words, firms embellish environmental information to meet environmental requirements superficially, while in reality, they have not implemented substantial environmental improvements. Although greenwashing may boost a firm's sales and financing in the short term (Huang, Chen and Wang 2019), it results in various negative consequences in the long run, such
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Project MUSE®https://muse.jhu.edu/2026-05-13T00:00:00-05:00https://muse.jhu.edu/journal/258/image/coversmallDoes Strengthening the Rule of Law Help Curb Corporate Greenwashing? Evidence from the Establishment of Circuit Courts2026-04-28text/htmlen-USDoes Strengthening the Rule of Law Help Curb Corporate Greenwashing? Evidence from the Establishment of Circuit Courts2026-04-282026TWOProject MUSE®1440082026-05-13T00:00:00-05:002026-04-28