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  1. Global tourism and waves of terror
    perspectives from military expenditure
    Autor*in: Asongu, Simplice; Acha-Anyi, Paul N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical... mehr

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    This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions. Terrorism externalities are measured in terms of terror-related incidents, injuries, fatalities and damaged properties. We find that military expenditure significantly lessens the destructive impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all measurements of terrorism. Homicides and violent demonstrations reduce tourists' arrivals whereas the rate of incarceration of convicted offenders has the opposite effect. The analysis is extended to income levels and regions in order to provide more opportunities for policy implications. Justifications for differences in these comparative tendencies are discussed.

     
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    Weitere Identifier:
    hdl: 10419/205032
    Schriftenreihe: AGDI working paper ; WP/19, 062
    Umfang: 1 Online-Ressource (circa 29 Seiten)
  2. Linkages and spillover effects of South African foreign direct investment in Botswana and Kenya
    Autor*in: Nandonde, Felix Adamu; Adu-Gyamfi, Richard; Mmusi, TinayeSonto; Wamalwa, Herbert; Asongu, Simplice; Opperman, Johannes Pieter; Makindara, Jeremiah R.
    Erschienen: July 2019
    Verlag:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    In recent decades, the impact of South African foreign direct investment in Africa has been captured by research and policy. This paper investigates linkages and spillover effects of South African foreign direct investment in Botswana and Kenya. The... mehr

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    In recent decades, the impact of South African foreign direct investment in Africa has been captured by research and policy. This paper investigates linkages and spillover effects of South African foreign direct investment in Botswana and Kenya. The study uses primary data to investigate qualitative implications. The findings reveal that South African firms operate in sectors including retail, food-processing, and information and communication technology. Linkages forged in these sectors include supply, employee, joint venture, service, and institutional nexuses. Supply and service linkages create observable spillovers which point to the fact that younger local firms tend to benefit from South African firms in terms of technology transfer and training opportunities. Host country policymakers are therefore encouraged to provide favourable incentives for foreign direct investment to promote entrepreneurship. Other policy implications are also discussed.

     
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    ISBN: 9789292566876
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    hdl: 10419/211288
    Schriftenreihe: WIDER working paper ; 2019, 53
    Umfang: 1 Online-Ressource (circa 22 Seiten)
  3. Electronic wallet technology and the enabling environment of smallholder farmers in Nigeria
    Autor*in: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Erschienen: 2019
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Purpose - The purpose of this paper is to critically examine the impact of growth enhancement support scheme (GESS) on the enabling environment of smallholder farmers in sub-Saharan Africa. Its special focus is to investigate the GESS impact on... mehr

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    Purpose - The purpose of this paper is to critically examine the impact of growth enhancement support scheme (GESS) on the enabling environment of smallholder farmers in sub-Saharan Africa. Its special focus is to investigate the GESS impact on access to rural farm credit and transport cost of smallholder farmers in the agricultural transformation agenda (ATA) in Nigeria. Design/methodology/approach - This paper adopts a survey research technique, aimed at gathering information from a representative sample of the population, as it is essentially cross-sectional that describes and interprets what exist at present. A total of one thousand, two hundred farmers were sampled across the six geopolitical zones of Nigeria. Findings - Results from the use of a double-hurdle model indicate that the GESS has a significant impact on farmers' access to credit, but does not significantly affect rural farm transport cost, which subsequently influence the price of food in the country. Practical implication - This implies that if the federal government of Nigeria is to work towards an ideal agricultural transformation agenda, transport networks should be closely aligned with the GESS priorities to provide connectivity to rural areas that provide most of the country's agricultural o utput. Originality/value - This research adds to the literature on agricultural and rural development debate in developing countries. It concludes that embracing rural finance and transportation infrastructure should form the foundation of the ATA in Nigeria, which in turn would provide the enabling environment for more widespread rural economy in sub-Saharan Africa.

     
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    hdl: 10419/205011
    Schriftenreihe: AGDI working paper ; WP/19, 041
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  4. Sustaining cultural tourism through higher female participation in Nigeria
    the role of corporate social responsibility in oil host communities
    Autor*in: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This paper adds to the gender discourse in sustainable African tourism development from the corporate social responsibility (CSR) perspective. Specifically, we examine the impact of CSR on the development of rural women in cultural tourism. A total... mehr

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    This paper adds to the gender discourse in sustainable African tourism development from the corporate social responsibility (CSR) perspective. Specifically, we examine the impact of CSR on the development of rural women in cultural tourism. A total of 600 rural women were sampled across the Niger Delta. Results from the use of a logit model indicate a significant relationship between CSR and cultural tourism development in oil host communities in Nigeria. This implies that CSR of a multinational oil company (MOC) is a critical factor for sustaining cultural tourism. The findings suggest increased female participation in General Memorandum of Understanding (GMoU) interventions of MOC and the need to pay close attention to which extent the participation of rural women in the GMoU projects may be limited by cultural and traditional obstacles.

     
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    hdl: 10419/205012
    Schriftenreihe: AGDI working paper ; WP/19, 042
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  5. Information technology, governance and insurance in sub-Saharan Africa
    Autor*in: Asongu, Simplice; Nnanna, Joseph; Acha-Anyi, Paul N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Purpose -This study investigates the role of ICT in modulating the effect of governance on insurance penetration in 42 sub-Saharan African countries using data for the period 2004- 2014. Design/methodology/approach -Two insurance indicators are used... mehr

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    Purpose -This study investigates the role of ICT in modulating the effect of governance on insurance penetration in 42 sub-Saharan African countries using data for the period 2004- 2014. Design/methodology/approach -Two insurance indicators are used in the analysis, namely: life insurance and non-life insurance. The three ICT modulating dynamics employed include: mobile phone penetration, internet penetration and fixed broadband subscriptions. Six governance channels are also considered, namely: political stability, "voice & accountability", regulation quality, government effectiveness, the rule of law and corruption-control. The empirical evidence is based on generalized method of moments. Findings –The following main findings are established. First, mobile phone penetration does not significantly modulate governance channels to positively affect life insurance while it effectively complements "voice & accountability" to induce a positive net effect on non-life insurance. Second, internet penetration complements: (i) governance dynamics of political stability, government effectiveness and rule of law to induce positive net effects on life insurance: and (ii) corruption-control for an overall positive effect on non-life insurance. Third, the relevance of fixed broadband subscriptions in promoting life insurance is apparent via governance channels of regulation quality, government effectiveness and the rule of law while fixed broadband subscriptions do not induce significant overall net effects on non-life insurance though the conditional effects are overwhelmingly significant. Orginality/value - To the best our knowledge, studies on the relevance of ICT in promoting insurance consumption through governance channels are sparse, especially for a region such as sub-Saharan Africa where insurance penetration is low compared to other regions of the world.

     
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    hdl: 10419/205013
    Schriftenreihe: AGDI working paper ; WP/19, 043
    Umfang: 1 Online-Ressource (circa 28 Seiten)
  6. Financial access, governance and insurance sector development in Sub-Saharan Africa
    Autor*in: Asongu, Simplice; Odhiambo, Nicholas M.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Purpose - This study investigates the role of financial access in moderating the effect of governance on insurance consumption in 42 Sub-Saharan African countries using data for the period 2004-2014. Design/methodology/approach - Two life insurance... mehr

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    Purpose - This study investigates the role of financial access in moderating the effect of governance on insurance consumption in 42 Sub-Saharan African countries using data for the period 2004-2014. Design/methodology/approach - Two life insurance indicators are used, notably: life insurance and non-life insurance. Six governance measurements are also used, namely: political stability, "voice & accountability", government effectiveness, regulation quality, corruption-control and the rule of law. The empirical evidence is based on the Generalised Method of Moments (GMM) and Least Squares Dummy Variable Corrected (LSDVC) estimators. Findings - Estimations from the LSDVC are not significant while the following main findings are established from the GMM. First, financial access promotes life insurance through channels of political stability, "voice & accountability", government effectiveness, the rule of law and corruption-control. Second, financial access also stimulates non-life insurance via governance mechanisms of political stability, "voice & accountability", government effectiveness, regulation quality, the rule of law and corruption-control. Originality/value - This research complements the sparse literature on insurance promotion in Africa by engaging the hitherto unexplored role of financial access through governance channels.

     
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    Weitere Identifier:
    hdl: 10419/205014
    Schriftenreihe: AGDI working paper ; WP/19, 044
    Umfang: 1 Online-Ressource (circa 30 Seiten)
  7. Thresholds of external flows for inclusive human development in Sub-Saharan Africa
    Autor*in: Asongu, Simplice; Uduji, Joseph I.; Okolo-Obasi, Elda N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This research investigates the incidence of enhancing external flows on inclusive human development in a panel of 48 countries in sub-Saharan Africa. It complements the literature by examining the relevance of enhancing three types of external flows,... mehr

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    This research investigates the incidence of enhancing external flows on inclusive human development in a panel of 48 countries in sub-Saharan Africa. It complements the literature by examining the relevance of enhancing three types of external flows, namely: development assistance, foreign investment and remittances. Ordinary Least Squares, Tobit, Fixed effects, Generalised Method of Moments and Quantile regressions are used as empirical strategies. The following main results are apparent: (i) between 60 and 150 (% of GDP) is the threshold of foreign aid; (ii) 33.333 (% of GDP) is the foreign investment threshold and (iii) 25 (% of GDP) is the critical mass of remittances. At the established critical masses or thresholds, external flows start having positive effects on inclusive human development. Countries characterized by inclusive development levels that are low need more investment in foreign aid for inclusive human development compared to their counterparts characterized by inclusive human development levels that are high.

     
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    hdl: 10419/205015
    Schriftenreihe: AGDI working paper ; WP/19, 045
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  8. Industrial growth in Sub-Saharan Africa
    evidence from machine learning with insights from nightlight satellite images
    Autor*in: Otchia, Christian Samen; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study uses nightlight time data and machine learning techniques to predict industrial development in Africa. The results provide the first evidence on how machine learning techniques and nightlight data can be used to predict economic... mehr

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    This study uses nightlight time data and machine learning techniques to predict industrial development in Africa. The results provide the first evidence on how machine learning techniques and nightlight data can be used to predict economic development in places where subnational data are missing or not precise. Taken together, the research confirms four groups of important determinants of industrial growth: natural resources, agriculture growth, institutions, and manufacturing imports. Our findings indicate that Africa should follow a more multisector approach for development, putting natural resources and agriculture productivity growth at the forefront.

     
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    hdl: 10419/205016
    Schriftenreihe: AGDI working paper ; WP/19, 046
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  9. Governance, capital flight and industrialisation in Africa
    Autor*in: Asongu, Simplice; Odhiambo, Nicholas M.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis, namely:... mehr

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    The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis, namely: (i) political governance from political stability and "voice and accountability"; (ii) economic governance from government effectiveness and regulation quality; and (iii) institutional governance from corruption-control and the rule of law. First, governance increases industrialisation whereas capital flight has the opposite effect; and second, governance does not significantly mitigate the negative effect of capital flight on industrialisation. Policy implications are discussed.

     
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    hdl: 10419/227955
    Schriftenreihe: AGDI working paper ; WP/19, 077
    Umfang: 1 Online-Ressource (circa 33 Seiten)
  10. Revisiting the trade and unemployment nexus
    empirical evidence from the Nigerian economy
    Autor*in: Onifade, Stephen T.; Ay, Ahmet; Asongu, Simplice; Bekun, Festus Victor
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    The recent exacerbation of unemployment crisis in Nigeria stands to be a serious threat to both socio-economic stability and progress of the country just as the report from the nation's bureau of statistics shows that at least over 8.5 million people... mehr

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    The recent exacerbation of unemployment crisis in Nigeria stands to be a serious threat to both socio-economic stability and progress of the country just as the report from the nation's bureau of statistics shows that at least over 8.5 million people had no gainful employment at all as at the last quarter of the year 2017. It is on the above premise, that the present study explores the link between trade and unemployment for the case of Nigeria with the intention of exploring how the unemployment crisis has been impacted within the dynamics of the country's trade performance. The empirical evidence shows that the nation's terms of trade were insignificant to unemployment rate while trade openness and domestic investment, on the other hand, have significant opposing impacts on unemployment in Nigeria over the period of the study. Further breakdowns from the empirical analysis also revealed that the Philips curves proposition is valid within the Nigerian economic context while the evidences for the validity of Okun's law only exist in the short-run scenario. Based on the empirical results, we recommend that concerted effort should be geared toward stimulating domestic investment by providing adequate financial and infrastructural facilities that will promote ease of doing business while utmost precautions are taken to ensure that unemployment crisis is not exacerbated when combating inflation in the economy in the wake of dynamic trade relations.

     
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    hdl: 10419/227957
    Schriftenreihe: AGDI working paper ; WP/19, 079
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  11. Market power and cost efficiency in the African banking industry
    Autor*in: Asongu, Simplice; Nting, Rexon T.; Nnanna, Joseph
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Purpose- In this study, we test the so-called 'Quiet Life Hypothesis' (QLH) which postulates that banks with market power are less efficient. Design/methodology/approach- We employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit... mehr

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    Purpose- In this study, we test the so-called 'Quiet Life Hypothesis' (QLH) which postulates that banks with market power are less efficient. Design/methodology/approach- We employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit and Logistic regressions. The empirical evidence is based on a panel of 162 banks consisting of 42 African countries for the period 2001-2011. There is a two-step analytical procedure. First, we estimate Lerner indices and cost efficiency scores. Then, we regress cost efficiency scores on Lerner indices contingent on bank characteristics, market features and the unobserved heterogeneity. Findings- The empirical evidence does not support the QLH because market power is positively associated with cost efficiency. Originality/value- Owing to data availability constraints, this is one of the few studies to test the QLH in African banking.

     
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    hdl: 10419/227958
    Schriftenreihe: AGDI working paper ; WP/19, 080
    Umfang: 1 Online-Ressource (circa 24 Seiten)
  12. Corporate social responsibility in Nigeria and multinational corporations in the fight against human trafficking in oil-producing communities
    Autor*in: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    In Nigeria, human trafficking is a hidden crime, driven by the current economic situation of the country. The Nigerian government has demonstrated significant efforts to combating human trafficking in the country by creating the National Agency for... mehr

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    In Nigeria, human trafficking is a hidden crime, driven by the current economic situation of the country. The Nigerian government has demonstrated significant efforts to combating human trafficking in the country by creating the National Agency for the Prohibition of Trafficking in Persons (NAPTIP). The incidents of human trafficking in the Nigeria’s oil-producing communities have remained among the highest in the country and higher than the national average. The objective of this investigation was to determine the impact of a new corporate social responsibility (CSR) model of multinational oil companies (MOCs) on the fight against human trafficking in the host communities. A total of one thousand, two hundred households were sampled across the rural communities of Niger Delta. Results from the use of a combined propensity score matching and logit model indicated that MOCs hold the key to combating human trafficking by fostering effective partnership across different sectors, if highest CSR priority is assigned to reducing incidents of human trafficking in the oil-producing communities. Embracing the fight against human trafficking should form the foundation of General Memorandum of Understanding (GMoUs) practice, which in turn will provide the enabling environment for more widespread responsible business. As most of the human trafficking in the Niger Delta is exploited by relatives or friends; MOCs should involve traditional and religious leaders in the fight and set up GMoU clusters interventions specifically for anti-trafficking agencies including NAPTIP, the police and immigration to support their actions and improve efficiency.

     
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    hdl: 10419/205026
    Schriftenreihe: AGDI working paper ; WP/19, 056
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  13. Financial access and productivity dynamics in Sub-Saharan Africa
    Autor*in: Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    The purpose of this study is to investigate whether enhancing financial access influences productivity in Sub-Saharan Africa. The research focuses on 25 countries in the region with data for the period 1980-2014. The adopted empirical strategy is the... mehr

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    The purpose of this study is to investigate whether enhancing financial access influences productivity in Sub-Saharan Africa. The research focuses on 25 countries in the region with data for the period 1980-2014. The adopted empirical strategy is the Generalised Method of Moments. The credit channel of financial access is considered and proxied by private domestic credit while four main total factor productivity (TFP) dynamics are adopted for the study, namely: TFP, real TFP, welfare TFP and real welfare TFP. It is apparent from the findings that enhancing financial access positively affects welfare TFP whereas the effect is not significant on TFP, real TFP and welfare TFP. Policy implications are discussed. The study complements the extant literature by engaging hitherto unemployed dynamics of TFP in Sub-Saharan Africa.

     
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    hdl: 10419/205022
    Schriftenreihe: AGDI working paper ; WP/19, 052
    Umfang: 1 Online-Ressource (circa 23 Seiten)
  14. The persistence of global terrorism
    Autor*in: Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study investigates persistence of global terrorism in a panel of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments. The following findings are established. First, persistence in terrorism... mehr

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    This study investigates persistence of global terrorism in a panel of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments. The following findings are established. First, persistence in terrorism is a decreasing function of income levels because it consistently increases from high income (through upper middle income) to lower middle income countries. Second, compared to Christian-oriented countries, terrorism is more persistent in Islam-oriented nations. Third, landlocked countries also reflect a higher level of persistence relative to their coastal counterparts. Fourth, Latin American countries show higher degrees of persistence when compared with Middle East and North African (MENA) countries. Fifth, the main determinants of the underlying persistence are political instability and weapons import. The results are discussed to provide answers to four main questions which directly pertain to the reported findings. These questions centre on why comparative persistence in terrorism is based on income levels, religious orientation, landlockedness and regions.

     
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    hdl: 10419/205023
    Schriftenreihe: AGDI working paper ; WP/19, 053
    Umfang: 1 Online-Ressource (circa 28 Seiten)
  15. The role of ICT in modulating the effect of education and lifelong learning on income inequality and economic growth in Africa
    Autor*in: Tchamyou, Vanessa; Asongu, Simplice; Odhiambo, Nicholas M.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study assesses the role of ICT in modulating the impact of education and lifelong learning on income inequality and economic growth. It focuses on a sample of 48 African countries from 2004 to 2014. The empirical evidence is based on the... mehr

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    This study assesses the role of ICT in modulating the impact of education and lifelong learning on income inequality and economic growth. It focuses on a sample of 48 African countries from 2004 to 2014. The empirical evidence is based on the generalised method of moments (GMM). The following findings are established. First, mobile phone and internet each interact with primary school education to decrease income inequality. Second, all ICT indicators interact with secondary school education to exert a negative impact on the Gini index. Third, fixed broadband distinctly interacts with primary school education and lifelong learning to have a positive effect on economic growth. Fourth, ICT indicators do not significantly influence inequality and economic growth through tertiary school education and lifelong learning. These main findings are further substantiated. Policy implications are discussed.

     
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    Schriftenreihe: AGDI working paper ; WP/19, 054
    Umfang: 1 Online-Ressource (circa 25 Seiten)
  16. Growth enhancement support scheme (GESS) and farmers' fertilizer use in rural Nigeria
    Autor*in: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Fertilizer use in Nigeria is estimated at 13 kg/ha, which is far below the 200 kg/ha recommended by the Food and Agricultural Organization (FAO). The objective of this investigation was to identify the determinant factors of farmers' participation in... mehr

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    Fertilizer use in Nigeria is estimated at 13 kg/ha, which is far below the 200 kg/ha recommended by the Food and Agricultural Organization (FAO). The objective of this investigation was to identify the determinant factors of farmers' participation in the Nigeria's growth enhancement support scheme (GESS). In addition, we determined the impact of the GESS on fertilizer use in rural areas. One thousand, two hundred rural farmers were sampled across the six geopolitical zones of Nigeria. Results from the use of recursive bivariate probit model indicated that GESS significantly impacted on the access and usage of fertilizer among the rural farmers; and that contact with extension agents, ownership of mobile phones, power for charging phone batteries, value output, mobile network coverage, ability to read and write were positive determinants of rural farmers participation in the GESS; whereas increased distance to registration and collection centers, and cultural constraints to married women reduced farmers’ tendency to participate in the GESS. The findings suggest that farmers’ participation in the GESS is a critical factor for raising fertilizer use in Nigeria. This implies that food security in sub-Saharan Africa can be achieved by increasing the participation of rural farmers in the growth enhancement support scheme.

     
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    Schriftenreihe: AGDI working paper ; WP/19, 055
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  17. The role of asymmetry and uncertainties in the capital flows- Economic Growth Nexus
    Autor*in: Raheem, Ibrahim D.; Le Roux, Sara; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of... mehr

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    This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and institutional. The Generalised Method of Moments is used as an empirical strategy. The existence of an asymmetry is confirmed by the findings as capital flows are more reactive to economic drag when compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital flows and proxies for uncertainty.

     
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    hdl: 10419/205017
    Schriftenreihe: AGDI working paper ; WP/19, 047
    Umfang: 1 Online-Ressource (circa 22 Seiten)
  18. Technology, education, life and non-life insurance in Africa
    Autor*in: Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This article examines the relevance of information and communication technology (ICT) in modulating the effect of education on life insurance and non-life insurance consumption in 48 African countries for the period 2004-2014. Education is measured... mehr

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    This article examines the relevance of information and communication technology (ICT) in modulating the effect of education on life insurance and non-life insurance consumption in 48 African countries for the period 2004-2014. Education is measured with primary school, secondary school and tertiary school enrollments. ICT is measured with mobile phone, internet and broadband subscriptions. The empirical evidence is based on generalized method of moments. The following main findings are established. First, from the nexuses between education, ICT and life insurance, there are positive conditional effects from the interaction between: (i) broadband subscriptions and primary school enrollment; (ii) broadband subscriptions and secondary school enrollment and (iii) internet penetration and tertiary school enrollment. Second, from the nexuses between education, ICT and non-life insurance: (i) there is a negative net effect from the interactions between mobile phone penetration and primary education while positive net effects are apparent from the interactions between: mobile phone penetration and secondary school enrollment; secondary school enrollment and broadband subscriptions and; tertiary school enrollment and broadband subscriptions.

     
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    Schriftenreihe: AGDI working paper ; WP/19, 048
    Umfang: 1 Online-Ressource (circa 19 Seiten)
  19. Homicide and social media
    global empirical evidence
    Autor*in: Asongu, Simplice; Uduji, Joseph I.; Okolo-Obasi, Elda N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study investigates the relationship between social media and homicide in a cross section of 148 countries for the year 2012. The empirical evidence is based on Ordinary Least Squares, Tobit and Quantile regressions. The findings from Ordinary... mehr

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    This study investigates the relationship between social media and homicide in a cross section of 148 countries for the year 2012. The empirical evidence is based on Ordinary Least Squares, Tobit and Quantile regressions. The findings from Ordinary Least Squares and Tobit regressions show a negative relationship between Facebook penetration and the homicide rate. The negative relationship is driven by the 75th quantile of the conditional distribution of the homicide rate. The negative nexus is also driven by upper middle income countries and "Europe and Central Asia". Three main implications are apparent when the findings are compared and contrasted. First, established findings from OLS and Tobit regressions are driven by countries with above-median levels of homicide. Second, such above-median countries are largely associated with upper middle income countries and nations in "Europe and Central Asia". Third, modelling the relationship between Facebook penetration and homicide at the conditional mean of homicide may be misleading unless it is contingent on initial levels of homicide and tailored differently across income levels and regions of the world.

     
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    hdl: 10419/205019
    Schriftenreihe: AGDI working paper ; WP/19, 049
    Umfang: 1 Online-Ressource (circa 23 Seiten)
  20. A survey on the Washington Consensus and the Beijing Model
    reconciling development perspectives
    Autor*in: Asongu, Simplice; Acha-Anyi, Paul N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal... mehr

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    Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long-term and short-run respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities respectively. By attempting to reconcile the WC with the BM, the study contributes at the same to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development.

     
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    hdl: 10419/205020
    Schriftenreihe: AGDI working paper ; WP/19, 050
    Umfang: 1 Online-Ressource (circa 31 Seiten)
  21. Linkages between globalisation, carbon dioxide emissions and governance in Sub-Saharan Africa
    Autor*in: Asongu, Simplice; Nting, Rexon T.; Nnanna, Joseph
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study investigates linkages between environmental degradation, globalisation and governance in 44 countries in Sub-Saharan Africa using data for the period 2000-2012. The Generalised Method of Moments is employed as empirical strategy.... mehr

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    This study investigates linkages between environmental degradation, globalisation and governance in 44 countries in Sub-Saharan Africa using data for the period 2000-2012. The Generalised Method of Moments is employed as empirical strategy. Environmental degradation is proxied by carbon dioxide emissions whereas globalisation is appreciated in terms of trade openness and net foreign direct investment inflows. Bundled and unbundled governance indicators are used, namely: political governance (consisting of political stability/no violence and "voice & accountability"), economic governance (encompassing government effectiveness and regulation quality), institutional governance (entailing corruption-control and the rule of law) and general governance (a composite measurement of political governance, economic governance and institutional governance). The following main finding is established. Trade openness modulates carbon dioxide emissions to have positive net effects on political stability, economic governance, the rule of law and general governance.

     
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    hdl: 10419/205021
    Schriftenreihe: AGDI working paper ; WP/19, 051
    Umfang: 1 Online-Ressource (circa 26 Seiten)
  22. The impact of CSR interventions on female education development in the rural Niger Delta region of Nigeria
    Autor*in: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    The objective of this investigation was to assess the impact of multinational oil companies' (MOCs) corporate social responsibility (CSR) interventions in female education programmes in the Niger Delta region of Nigeria. A total of 800 rural women... mehr

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    The objective of this investigation was to assess the impact of multinational oil companies' (MOCs) corporate social responsibility (CSR) interventions in female education programmes in the Niger Delta region of Nigeria. A total of 800 rural women were sampled across the region. The results from the logit model showed that rural women depended on CSR interventions of MOCs to address some of the logistical and cultural challenges associated with women’s access to post-secondary education in local communities. However, despite the significant success in supporting education initiatives generally, none of the scholarships target females specifically, and compared to men, the low level of human capital in rural women has persisted. This implies that if CSR interventions are not tailored to enhance gender diversity and promote economic opportunities for women alongside education, they may perpetuate the obstruction of women's participation in economic, political and social development. By extension, this could delay the reduction of poverty and attainment of Sustainable Development Goals in the Niger Delta region.

     
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    hdl: 10419/227948
    Schriftenreihe: AGDI working paper ; WP/19, 070
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  23. Global shocks alert and monetary policy responses
    Autor*in: Shobande, Olatunji Abdul; Shodipe, Oladimeji Tomiwa; Asongu, Simplice
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our... mehr

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    The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our model robust to rigorous stochastic number of subjective choices. Our simulation result indicates that global factors account for the inability of national Central Banks to predict the behaviour of macroeconomic and financial variables among these developing nations.

     
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    hdl: 10419/227944
    Schriftenreihe: AGDI working paper ; WP/19, 066
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  24. House prices and tourism development in Cyprus
    a contemporary perspective
    Autor*in: Alola, Andrew A.; Asongu, Simplice; Alola, Uju V.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study investigates the nexus between tourism development and house prices in the Republic of Cyprus over the period spanning from 2005Q1 to 2016Q4. Tourism indicators vis-à-vis tourism arrivals along with other explanatory variables (domestic... mehr

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    This study investigates the nexus between tourism development and house prices in the Republic of Cyprus over the period spanning from 2005Q1 to 2016Q4. Tourism indicators vis-à-vis tourism arrivals along with other explanatory variables (domestic credit, land area per person, and the consumer price index) are employed in a multivariate Autoregressive Distributed Lag (ARDL)-bound test model. The empirical results indicate a significant evidence of cointegration. Indicatively, an observed adjustment of about 44% from short-run to long-run implies that the model is not relatively slow to adjust to disequilibrium. Importantly, a percent increase in tourism arrivals is observed to cause a rise in house price by about 37%. Expectedly, it is statistically observed that as the land area per person decreases, it is accompanied by a hike in house price. Also, the impacts of domestic credit offered to private enterprises and the consumer price index are different from the results in previous studies. As a policy guide, the government of Cyprus and stakeholders in the tourism and housing sectors should outline a strategy that will ensure the social welfare of people such that housing availability is not hampered by tourism activities.

     
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    hdl: 10419/227945
    Schriftenreihe: AGDI working paper ; WP/19, 067
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  25. The persistence of weapons
    global evidence
    Autor*in: Asongu, Simplice; Uduji, Joseph I.; Okolo-Obasi, Elda N.
    Erschienen: [2019]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010 to 2015. The following are some main findings. (i) Compared to countries that are landlocked, persistence in heavy weapons is more... mehr

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    This study investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010 to 2015. The following are some main findings. (i) Compared to countries that are landlocked, persistence in heavy weapons is more apparent in nations that are open to the sea. (ii) Relative to the Middle East & North Africa (MENA), heavy weapons is more persistent in the East Asia and the Pacific countries. This tendency is consistent with "weapons imports". (vi) Evidence of persistence is not very apparent in "weapons imports" with the exception of the fact that it is higher in low income countries, compared to their high income counterparts. Hence, there is less hysteresis in weapons exports when compared with heavy weapons when weapons exports. (v) The determinants of persistence employed in the conditioning information set are contingent on fundamental characteristics and panels. Policy implications are discussed.

     
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    hdl: 10419/227946
    Schriftenreihe: AGDI working paper ; WP/19, 068
    Umfang: 1 Online-Ressource (circa 27 Seiten)