rakeentanvir/Drivers-of-Systemic-Crises-in-African-Economies

analysis of economic crises in african countries # Drivers of Systemic Crises in African Countries ## Primary Files Final.Rmd contains the main analysis code and its output is Final.html Variables Definitions.docx lists and defines the studied variables Abstract.Rmd contains our initial project overview and its outputs are Abstract.html and Abstract.pdf Discarded.Rmd contains ideas that were conceived but excluded from the analysis ## Project overview and data collection This is an exploratory observational study to understand what factors drive systemic crises (financial instability) in 13 African countries. The primary data was obtained as a mostly clean data set from Kaggle: kaggle.com. From Kaggle: "The dataset is a derivative of Reinhart et al's Global Crises dataset. It was downloaded from: hbs.edu Non-African countries were filtered out from the dataset. And, variables containing notes or sparse data were removed. Years with no data were also filtered out...The dataset specifically focuses on the Banking, Debt, Financial, Inflation and Systemic Crises that occurred, from 1860 to 2014, in 13 African countries, including: Algeria, Angola, Central African Republic, Ivory Coast, Egypt, Kenya, Mauritius, Morocco, Nigeria, South Africa, Tunisia, Zambia and Zimbabwe." Additional Commodity Import & Export Price Index data was web scraped and added to the primary data set: data.imf.org. From Commodity of Terms of Trade: Commodity Import/Export Price Index, Individual Commodities Weighted by Ratio of Imports to GDP Historical, Annual (1965-present), Fixed Weights, Index(2012=100). ## Objectives We seek to answer the following questions: 1. What patterns and trends are associated with systemic crises? 2. What economic factors drive systemic crises? Which have the most (or least) effect? How do t …