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  1. Globalisation and female economic participation in Sub-Saharan Africa
    Author: Asongu, Simplice; Efobi, Uchenna Rapuluchukwu; Tanankem, Belmondo V.; Osabuohien, Evans
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study assesses the relationship between globalisation and the economic participation of women (EPW) in 47 Sub-Saharan African countries for the period 1990-2013. EPW is measured with the female labour force participation and employment rates.... more

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    This study assesses the relationship between globalisation and the economic participation of women (EPW) in 47 Sub-Saharan African countries for the period 1990-2013. EPW is measured with the female labour force participation and employment rates. The empirical evidence is based on Panel-corrected Standard Errors and Fixed Effects regressions. The findings show that the positive effect of the overall globalisation index on EPW is dampened by its political component and driven by its economic and social components, with a higher positive magnitude from the former or economic globalisation. For the most part, the findings are robust to the control for several structural and institutional characteristics. An extended analysis by unbundling globalisation shows that the positive incidence of social globalisation is driven by information flow (compared to personal contact and cultural proximity) while the positive effect of economic globalisation is driven by actual flows (relative to restrictions). Pol icy implications are discussed with some emphasis on how to elevate women's social status and potentially reduce their victimisation to male dominance.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204940
    Series: AGDI working paper ; WP/19, 019
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  2. Ethnic diversity and inequality in sub-Saharan Africa
    do institutions reduce the noise?
    Author: Ajide, Kazeem Bello; Alimi, OlorunfemiY.; Asongu, Simplice
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Studies on the causes of income differences between the rich and the poor have received an extensive attention in the inequality empirics. While ethnic diversity h asalso been identified as one of the fundamental causes of income inequality, the role... more

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    Studies on the causes of income differences between the rich and the poor have received an extensive attention in the inequality empirics. While ethnic diversity h asalso been identified as one of the fundamental causes of income inequality, the role of institutions as a mediating factor in the ethnicity-inequality nexus has not received the scholarly attention it deserves. To this end, this study complements the existing literature by investigating the extent to which institutional framework corrects the noisy influence originating from the nexus between "ethnic diversity" and inequality in 26 sub -Saharan African countries for the period 1996-2015. The empirical evidence is based on pooled OLS, fixed effects and system GMM estimators. The main findings reveal that the mediating influences of institutional settingsaredefective, thus making it extremely difficult to modulatethe noisy impacts of ethno-linguistic and religious heterogeneity on inequality. In addition, the negative influencesorchestrated by ethnolinguistic and religious diversities on inequality fail toattenuate the impact of income disparityeven when interacted with institutions. On the policy front, institutional reforms tailored toward economic, political and institutional governances should be targeted.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204941
    Series: AGDI working paper ; WP/19, 018
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  3. Boosting quality education with inclusive human development
    empirical evidence from sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study examines the importance of inclusive human development in promoting education quality in a panel of forty-nine Sub-Saharan African countries for the period 2000-2012. The empirical evidence is based on Ordinary Least Squares (OLS), Fixed... more

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    This study examines the importance of inclusive human development in promoting education quality in a panel of forty-nine Sub-Saharan African countries for the period 2000-2012. The empirical evidence is based on Ordinary Least Squares (OLS), Fixed Effects (FE) and Quantile Regression (QR) estimations. It is apparent from the OLS and FE findings that inclusive human development has a negative effect on the outcome variable. This negative effect implies that inclusive human development improves education quality. This result should be understood in the light of the fact that the adopted education variable is a negative economic signal given that it is computed as the ratio of pupils to teachers. Therefore, a higher ratio reflects diminishing education quality. From QR, with the exception of the highest quantile, the tendency of inclusive human development in reducing poor quality education is consistent throughout the conditional distribution of poor education quality. Policy implications are discussed.

     
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    Source: Union catalogues
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    hdl: 10419/204942
    Series: AGDI working paper ; WP/19, 017
    Scope: 1 Online-Ressource (circa 25 Seiten)
  4. The mobile phone, information sharing and financial sector development in Africa
    a quantile regressions approach
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study investigates linkages between the mobile phone, information sharing offices (ISO) and financial sector development in 53 African countries for the period 2004-2011. ISO are private credit bureaus and public credit registries. The empirical... more

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    This study investigates linkages between the mobile phone, information sharing offices (ISO) and financial sector development in 53 African countries for the period 2004-2011. ISO are private credit bureaus and public credit registries. The empirical evidence is based on contemporary and non-contemporary quantile regressions. Two main hypotheses are tested: mobile phones complement ISO to enhance the formal financial sector ( Hypothesis 1 ) and mobile phones complement ISO to reduce the informal financial sector ( Hypothesis 2 ). The hypotheses are largely confirmed. This research adds to the existing body of literature by engaging hitherto unexplored dimensions of financial sector development and investigating the role of mobile phones in information sharing for financial sector development.

     
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    Source: Union catalogues
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    Format: Online
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    hdl: 10419/204943
    Series: AGDI working paper ; WP/19, 016
    Scope: 1 Online-Ressource (circa 35 Seiten)
  5. One bad turn deserves another
    how terrorism sustains the addiction to capital flight in Africa
    Author: Asongu, Simplice; Nting, Rexon T.; Osabuohien, Evans
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This inquiry assess es if terrorism sustains the capital flight trap and whether the relationship is affected b y varying the levels of governance and globalisation. The empirical evidence is based on interactive Generalised Method of Moments with... more

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    This inquiry assess es if terrorism sustains the capital flight trap and whether the relationship is affected b y varying the levels of governance and globalisation. The empirical evidence is based on interactive Generalised Method of Moments with data from 37 African countries for the period 1996-2010. The followings are established. (1) Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. (2) Terrorism sustains the positive effect of the capital flight trap on capital flight. (3) For the most part (especially with regard to political governance), terrorism sustains the addiction to capital flight in above-median governance sub-samples. Policy implications are discussed.

     
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    Source: Union catalogues
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    hdl: 10419/204944
    Series: AGDI working paper ; WP/19, 015
    Scope: 1 Online-Ressource (circa 36 Seiten)
  6. Trajectories of knowledge economy in SSA and MENA countries
    Author: Asongu, Simplice; Andrés, Antonio R.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-based economy dimensions. The paper... more

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    In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-based economy dimensions. The paper employs all the four components of the World Bank's Knowledge Economy Index (KEI): economic incenti ves , innovation, education, and information infrastructure. The main finding suggests that sub- Saharan African ( SSA ) and the Middle East and North African (MENA) countries with low levels of KE dynamics and catching-up their counterparts of higher KE levels. We provide the speeds of integration and time necessary to achieve full (100%) integration. Policy implications are also discussed.

     
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    Source: Union catalogues
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    Format: Online
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    hdl: 10419/204946
    Series: AGDI working paper ; WP/19, 013
    Scope: 1 Online-Ressource (circa 34 Seiten)
  7. Multinational oil companies in Nigeria and Corporate Social Responsibility in the HIV/AIDS response in host communities
    Author: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    We assess the impact of corporate social responsibility (CSR) of multinational oil companies (MOCs) on HIV/AIDS prevalence in Nigeria ' s oil producing communities. One thousand, two hundred households were sampled across the rural communities of... more

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    We assess the impact of corporate social responsibility (CSR) of multinational oil companies (MOCs) on HIV/AIDS prevalence in Nigeria ' s oil producing communities. One thousand, two hundred households were sampled across the rural communities of Niger Delta. Using logit model, the main result indicates that General Memorandum of Understandings (GMoUs) have not significantly impacted on factors behind the spread of HIV/AIDS in rural communities. This implies that the impact of the disease on MOCs business, employees and their families, contractors, business partners and the oil communities has not inclined downward. The findings suggest that CSR offers an opportunity for MOCs to help address HIV/AIDS prevalence through a business case for stakeholders' health in the region. It calls for MOCs to improve GMoUs health intervention on sensitization campaigns, funding testing and counselling centers, subsidizing anti-retroviral drugs, prevention of mother- to-child transmission, rehabilitation of orphaned and vulnerable children and other cares for people living with AIDS.

     
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    hdl: 10419/204947
    Series: AGDI working paper ; WP/19, 012
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  8. Governance, CO2 emissions and Inclusive Human Development in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study investigates the relevance of government quality in moderating the incidence of environmental degradation on inclusive human development in 44 sub-Saharan African countries for the period 2000-2012. Environmental degradation is measured... more

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    This study investigates the relevance of government quality in moderating the incidence of environmental degradation on inclusive human development in 44 sub-Saharan African countries for the period 2000-2012. Environmental degradation is measured with CO2 emissions and the governance dynamics include: political stability, voice and accountability, government effectiveness, regulation quality, the rule of law and corruption-control. The empirical evidence is based on the Generalised Method of Moments. Regulation quality modulates CO2 emissions to exert a net negative effect on inclusive development. Institutional governance (consisting of corruption-control and the rule of law) modulates CO2 emissions to also exert a net negative effect on inclusive human development. Fortunately, the corresponding interactive effects are positive, which indicates that good governance needs to be enhanced to achieve positive net effects. A policy threshold of institutional governance a t which institutional governance completely dampens the unfavourable effect of CO2 emissions on inclusive human development is established. Other policy implications are discussed.

     
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    Format: Online
    Other identifier:
    hdl: 10419/204948
    Series: AGDI working paper ; WP/19, 011
    Scope: 1 Online-Ressource (circa 26 Seiten)
  9. Economic development thresholds for a green economy in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study investigates how increasing economic development affects the green economy in terms of CO2 emissions, using data from 44 countries in the SSA for the period 2000-2012. The Generalised Method of Moments (GMM) is used for the empirical... more

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    This study investigates how increasing economic development affects the green economy in terms of CO2 emissions, using data from 44 countries in the SSA for the period 2000-2012. The Generalised Method of Moments (GMM) is used for the empirical analysis. The following main findings are established. First, relative to CO2 emissions, enhancing economic growth and population growth engenders a U-shaped pattern whereas increasing inclusive human development shows a Kuznets curve. Second, increasing GDP growth beyond 25% of annual growth is unfavorable for a green economy. Third, a population growth rate of above 3.089% (i.e. annual %) has a positive effect of CO2 emissions. Fourth, an inequality-adjusted human development index (IHDI) of above 0.4969 is beneficial for a green economy because it is associated with a reduction in CO2 emissions. The established critical masses have policy relevance because they are situated within the policy ranges of adopted economic development dynamics.

     
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    hdl: 10419/204949
    Series: AGDI working paper ; WP/19, 010
    Scope: 1 Online-Ressource (circa 19 Seiten)
  10. Remittances, finance and industrialisation in Africa
    Author: Efobi, Uchenna Rapuluchukwu; Asongu, Simplice; Okafor, Chinelo; Tchamyou, Vanessa; Voufo, Belmondo Tanankem
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    The paper assesses how remittances directly and indirectly affect industrialisation us ing a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is... more

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    The paper assesses how remittances directly and indirectly affect industrialisation us ing a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive simultaneity-robust estimation techniques, namely: (i) Instrumental Fixed Effects (FE) to control for the unobserved heterogeneity; (ii) Generalised Method of Moments (GMM) to control for persistence in industrialisation and (iii) Instrumental Quantile Regressions (QR) to account for initial levels of industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances can drive industrialisation through the financial development mechanism. Policy implications are discussed.

     
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    Format: Online
    Other identifier:
    hdl: 10419/204950
    Series: AGDI working paper ; WP/19, 009
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  11. Dynamic determinants of access to weapons
    global evidence
    Author: Asongu, Simplice; Nnanna, Joseph
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study investigates the determinants of and persistence in access to weapons using a global sample of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments (GMM). Hysteresis in access to... more

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    This study investigates the determinants of and persistence in access to weapons using a global sample of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments (GMM). Hysteresis in access to weapons is consistently more apparent in countries with below-median levels in access to weapons, compared to their counterparts with above-median levels in access to weapons. The hysteresis hypothesis within this context is the propensity of past values of access to weapons to influence future values of access to weapons. Factors that consistently drive access to weapons are: perceptions of crime; criminality; conflict intensity; political instability; military expenditure, violent demonstrations and terrorism. The effects of these drivers are contingent on initial levels of access to weapons. Policy recommendations for managing access to weapons are discussed.

     
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    Format: Online
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    hdl: 10419/204951
    Series: AGDI working paper ; WP/19, 008
    Scope: 1 Online-Ressource (circa 19 Seiten)
  12. Enhancing ICT for quality education in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This research assesses the relevance of information and communication technology (ICT) in primary education quality in a panel of 49 Sub-Saharan African countries for the period 2000-2012. The empirical evidence is based on Two Stage Least Squares... more

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    This research assesses the relevance of information and communication technology (ICT) in primary education quality in a panel of 49 Sub-Saharan African countries for the period 2000-2012. The empirical evidence is based on Two Stage Least Squares (2SLS) and Instrumental Quantile regressions (IQR). From the 2SLS: (i) mobile phone and internet penetration rates reduce poor quality education and enhancing internet penetration has a net negative effect o f greater magnitude. From the IQR: (i) with the exception of the highest quantile for mobile phone penetration and top quantiles for internet penetration, ICT consistently has a negative effect on poor education quality with a non-monotonic pattern. (ii) Net negative effects are exclusively apparent in the median and top quantiles of internet-related regressions. It follows that enhancing internet penetration will benefit countries with above-median levels of poor education quality while enhancing internet penetration is not immediately relevant to reducing poor education quality in countries with below-median levels of poor education quality.

     
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    hdl: 10419/204952
    Series: AGDI working paper ; WP/19, 007
    Scope: 1 Online-Ressource (circa 18 Seiten)
  13. Inclusive development in environmental sustainability in sub-Saharan Africa
    insights from governance mechanisms
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This research examines the relevance of inclusive development in modulating the role of governance on environmental degradation. The study focuses on forty-four countries in sub- Saharan Africa for the period 2000-2012. The Generalised Method of... more

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    This research examines the relevance of inclusive development in modulating the role of governance on environmental degradation. The study focuses on forty-four countries in sub- Saharan Africa for the period 2000-2012. The Generalised Method of Moments is employed as the empirical strategy and CO 2 emissions per capita is used to measure environmental pollution. Bundled and unbundled governance dynamics are employed, notably: political governance (consisting of political stability/no violence and "voice and accountability"), economic governance (encompassing government effectiveness and regulation quality), institutional governance (entailing corruption-control and the rule of law), and general governance (a composite measure of political governance, economic governance and institutional governance). The following main findings are established. First, the underlying net effect in the moderating role of inclusive development in the governance- CO 2 emissions nexus is not significant in regressions pertaining to political governance and economic governance. Second, there are positive net effects from the relevance of inclusive development in modulating the effects of regulation quality, economic governance and general governance on CO 2 emissions. The significant and insignificant effects are elucidated. Policy implications are discussed.

     
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    Source: Union catalogues
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    Format: Online
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    hdl: 10419/204953
    Series: AGDI working paper ; WP/19, 006
    Scope: 1 Online-Ressource (circa 21 Seiten)
  14. Intelligence and slave exports from Africa
    Author: Asongu, Simplice; Kodila-Tedika, Oasis
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This article examines the role of cognitive ability or intelligence on slave expor ts from Africa. We test a hypothesis that countries which were endowed with higher levels of cognitive ability were more likely to experience lower levels of slave... more

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    This article examines the role of cognitive ability or intelligence on slave expor ts from Africa. We test a hypothesis that countries which were endowed with higher levels of cognitive ability were more likely to experience lower levels of slave exports from Africa probably due to comparatively better capacities to organise, corporate, oversee and confront slave traders . The investigated hypothesis is valid from alternative specifications involving varying conditioning information sets. The findings are also robust to the control of outliers.

     
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    hdl: 10419/204954
    Series: AGDI working paper ; WP/19, 005
    Scope: 1 Online-Ressource (circa 21 Seiten)
  15. Business dynamics, knowledge economy, and the economic performance of African countries
    Author: Asongu, Simplice; Amavilah, Voxi Heinrich S.; Andrés, Antonio R.
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This paper develops a framework (a) to examine whether or not the African business e nvironment hinders or promotes the knowledge economy (KE), (b) to determine how the KE affects econom ic performance, and (c) how economic performance relates to the... more

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    This paper develops a framework (a) to examine whether or not the African business e nvironment hinders or promotes the knowledge economy (KE), (b) to determine how the KE affects econom ic performance, and (c) how economic performance relates to the inequality-adjusted human socioeconomic development (IHDI) of 53 African countries during the 1996-2010 time period. We estimate the linkages with three related equations. The results support a strong correlation between the dynamics of st arting and doing business and variations in KE. The results also show that there exists a weak link between KE and economic performance. Nonetheless, KE-influenced performance plays a more important role in socioeconomic development than some of the conventional control variables like foreign direct investment (FDI), foreign aid, and even private investment.

     
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    hdl: 10419/204955
    Series: AGDI working paper ; WP/19, 004
    Scope: 1 Online-Ressource (circa 45 Seiten)
  16. Crime and social media
    Author: Asongu, Simplice; Nwachukwu, Jacinta C.; Orim, Stella-Maris I.; Pyke, Chris
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Purpose- The study complements the scant macroeconomic literature on the development outcomes of social media by examining the relationship between Facebook penetration and violent crime levels in a cross-section of 148 countries for the year 2012.... more

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    Purpose- The study complements the scant macroeconomic literature on the development outcomes of social media by examining the relationship between Facebook penetration and violent crime levels in a cross-section of 148 countries for the year 2012. Design/methodology/approach- The empirical evidence is based on Ordinary Least Squares (OLS), Tobit and Quantile regressions. In order to respond to policy concerns on the limited evidence on the consequences of social media in developing countries, the dataset is disaggregated into regions and income levels. The decomposition by income levels included : low income, lower middle income, upper middle income and high income. The corresponding regions include: Europe and Central Asia, East Asia and the Pacific, Middle East and North Africa, Sub-Saharan Africa and Latin America. Findings- From OLS and Tobit regressions, there is a negative relationship between Facebook penetration and crime. However, Quantile regressions reveal that the established negative relationship is noticeable exclusively in the 90 th crime quantile. Further, when the dataset is decomposed into regions and income levels, the negative relationship is evident in the Middle East and North Africa (MENA) while a positive relationship is confirmed for sub-Saharan Africa. Policy implications are discussed. Originality/value- Studies on the development outcomes of social media are sparse because of a lack of reliable macroeconomic data on social media. This study primarily complemented five existing studies that have leveraged on a newly available dataset on Facebook.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/204956
    Series: AGDI working paper ; WP/19, 003
    Scope: 1 Online-Ressource (circa 27 Seiten)
  17. Corporate social responsibility and the role of rural women in sustainable agricultural development in sub-Saharan Africa
    evidence from the Niger Delta in Nigeria
    Author: Uduji, Joseph I.; Okolo-Obasi, Elda N.; Asongu, Simplice
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Low productivity among female farmers when compared with their male counterparts is considered an outcome of limited access to agricultural land and inputs. The objective of this investigation was to assess the impact of multinational oil companies'... more

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    Low productivity among female farmers when compared with their male counterparts is considered an outcome of limited access to agricultural land and inputs. The objective of this investigation was to assess the impact of multinational oil companies' (MOCs') CSR on rural women access to modern agricultural inputs in the Niger Delta, Nigeria. A total of 700 rural female farmers were sampled across the region. Results from the use of a logit model indicated that CSR recorded significant success in agricultural development generally, but has undermined equality. This implies that if a woman's agricultural productivity is continuously hindered by unequal access to agricultural resources (or opportunities) and widespread inequality will limit poverty reduction efforts in Nigeria. The results also showed that women depended on CSR of MOCs for policy dialogue and advocacy for women 's access to agricultural land and inputs. Supporting agricultural initiatives that focus on empowering women would boost food security in sub-Saharan Africa.

     
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    Media type: Book
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    hdl: 10419/204957
    Series: AGDI working paper ; WP/19, 002
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  18. Doing business and inclusive human development in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Purpose - This study examines how doing business affects inclusive human development in 48 sub-Saharan Africa for the period 2000-2012. Design/methodology/approach - The measurement of inclusive human development encompasses both absolute pro-poor... more

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    Purpose - This study examines how doing business affects inclusive human development in 48 sub-Saharan Africa for the period 2000-2012. Design/methodology/approach - The measurement of inclusive human development encompasses both absolute pro-poor and relative pro-poor concepts of inclusive development. Three doing business variables are used, namely: the number of start-up procedures required to register a business; time required to start a business; and time to prepare and pay taxes. The empirical evidence is based on Fixed Effects and Generalised Method of Moments regressions. Findings - The findings show that increasing constraints to the doing of business have a negative effect on inclusive human development. Originality/value - The study is timely and very relevant to the post-2015 Sustainable Development agenda for two fundamental reasons: (i) Exclusive development is a critical policy syndrome in Africa because about 50% of countries in the continent did not attain the MDG extreme poverty target despite enjoying more than two decades of growth resurgence . (ii) Growth in Africa is primarily driven by large extractive industries and with the population of the continent expected to double in about 30 years, scholarship on entrepreneurship for inclusive development is very welcome. This is essentially because studies have shown that the increase in unemployment (resulting from the underlying demographic change) would be accommodated by the private sector, not the public sector.

     
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    Language: English
    Media type: Book
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    hdl: 10419/204963
    Series: AGDI working paper ; WP/18, 031
    Scope: 1 Online-Ressource (circa 21 Seiten)
  19. Can foreign aid dampen the threat of terrorism to international trade?
    evidence from 78 developing countries
    Author: Asongu, Simplice; Leke, Ivo J.
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    The study investigates whether development assistance can be used to crowd-out the negative effect of terrorism on international trade. The empirical evidence is based on a panel of 78 developing countries for the period 1984-2008 and Quantile... more

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    The study investigates whether development assistance can be used to crowd-out the negative effect of terrorism on international trade. The empirical evidence is based on a panel of 78 developing countries for the period 1984-2008 and Quantile Regressions. The following main findings are established. First, bilateral aid significantly reduces the negative effect of transnational terrorism on trade in the top quantiles of the trade distribution. Second, multilateral aid also significantly mitigates the negative effect of terrorism dynamics on trade in the top quantiles of the trade distributions. It follows that it is primarily in countries with above median levels of international trade that development assistance can be used as an effective policy tool for dampening the adverse effects of terrorism on trade. Practical implications are discussed.

     
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    hdl: 10419/204964
    Series: AGDI working paper ; WP/18, 032
    Scope: 1 Online-Ressource (circa 27 Seiten)
  20. The right to life
    global evidence on the role of security officers and the police in modulating the effect of insecurity on homicide
    Author: Asongu, Simplice; Nwachukwu, Jacinta C.; Pyke, Chris
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    The study investigates the role of security officers and the police in dampening the effect of insecurity on homicides. Insecurity dynamics are measured in terms of access to weapons, violent crime, perception of criminality and political... more

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    The study investigates the role of security officers and the police in dampening the effect of insecurity on homicides. Insecurity dynamics are measured in terms of access to weapons, violent crime, perception of criminality and political instability. The geographical and temporal scopes are respectively 163 countries and 2010-2015. The empirical evidence is based on Negative Binomial regressions. Three main findings are established. First , security officers and the police significantly lessen the effect of political instability and perception of criminality on homicides. Second , an extended analysis with thresholds suggest that a maximum deployment of security officers and the police is required in order to completely cancel out the impact of both insecurity dynamics on homicides. The concept of threshold represents the critical mass at which the negative conditional effect from the interaction between security officers and the police completely dampens the effect of insecurity dynamics on homicides. Third , the use of security officers and the police is a necessary but not a sufficient condition for the complete eradication of insecurity-related homicides. Policy implications are discussed.

     
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    hdl: 10419/204965
    Series: AGDI working paper ; WP/18, 033
    Scope: 1 Online-Ressource (circa 16 Seiten)
  21. Dollarization and the "unbundling" of globalization in sub-Saharan Africa
    Author: Ajide, Kazeem Bello; Raheem, Ibrahim D.; Asongu, Simplice
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study contributes to the dollarization literature by expanding its determinants to account for different dimensions of globalization, using the widely employed KOF index of globalization. Specifically, globalization is "unbundled" into three... more

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    This study contributes to the dollarization literature by expanding its determinants to account for different dimensions of globalization, using the widely employed KOF index of globalization. Specifically, globalization is "unbundled" into three different layers namely : economic, social and political dimensions. The study focuses on 25 sub-Saharan African (SSA) countries for the period 2001-2012.Using the Tobit regression approach, the following findings are established. First, from both economic and statis tical relevance, the social and political dimensions of globalization constitute the key dollarization amplifiers, while the explanatory power of the economic component is weak er on dollarization. Second, consistent with the theoretical underpinnings, macroeconomic instabilities (such as inflation and exchange rate volatilities) have the positive expected signs. Third, the positive association between the accumulation of international reserves and dollarization is also apparent. Policy implications are discussed.

     
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    hdl: 10419/204966
    Series: AGDI working paper ; WP/18, 034
    Scope: 1 Online-Ressource (circa 26 Seiten)
  22. ICT in reducing information asymmetry for financial sector competition
    Author: Asongu, Simplice; Nnanna, Joseph
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    In this study, we examine the role of information and communication technology in complementing information sharing bureaus (or private credit bureaus and public credit registries) for financial sector competition. Hitherto unexplored dimensions of... more

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    In this study, we examine the role of information and communication technology in complementing information sharing bureaus (or private credit bureaus and public credit registries) for financial sector competition. Hitherto unexplored dimensions of financial sector competition are employed, namely: financial sector dynamics of formalization, informalization and non-formalization. The empirical evidence is based on 53 African countries for the period 2004-2011 and the Generalised Method of Moments (GMM) with forward orthogonal deviations. The findings differ across financial sectors in terms of marginal, net and threshold effects. By introducing the concept of financialization, the study unites two streams of research by: improving the macroeconomic literature on measuring financial development and responding to an evolving field of development literature by means of informal finance. Moreover, a practical method by which to disentangle the effects of reducing information asymmetry on various financial sectors is suggested. Policy implications are discussed.

     
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    hdl: 10419/204967
    Series: AGDI working paper ; WP/18, 035
    Scope: 1 Online-Ressource (circa 28 Seiten)
  23. Mitigating externalities of terrorism on tourism
    global evidence from police, security officers and armed service personnel
    Author: Asongu, Simplice; Nwachukwu, Jacinta C.
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    In this paper, we investigate the role of security officers, the police and armed service personnel in dampening the effect of terrorism externalities on tourist arrivals. The temporal and geographic scopes are respectively 2010-2015 and 163... more

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    In this paper, we investigate the role of security officers, the police and armed service personnel in dampening the effect of terrorism externalities on tourist arrivals. The temporal and geographic scopes are respectively 2010-2015 and 163 countries. Four terrorism measurements are used. They include the number of: incidents, injuries, fatalities and property damages. The main findings indicate that armed service personnel can effectively be used to modulate the damaging influence of all four terrorism externalities in order to achieve a positive net effect on tourist arrivals. Conversely, the corresponding moderating role of security officers and the police is not statistically significant. Moreover, violent demonstrations and homicides have a harmful effect on tourist arrivals while the number of incarcerations displays the opposite effect. Policy implications are discussed.

     
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    hdl: 10419/204968
    Series: AGDI working paper ; WP/18, 036
    Scope: 1 Online-Ressource (circa 9 Seiten)
  24. The comparative economics of ICT, environmental degradation and inclusive human development in Sub-Saharan Africa
    Author: Asongu, Simplice; Nwachukwu, Jacinta C.; Pyke, Chris
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study examines how information and communication technology (ICT) could be employed to dampen the potentially damaging effects of environmental degradation in order to promote inclusive human development in a panel of 44 Sub-Saharan African... more

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    This study examines how information and communication technology (ICT) could be employed to dampen the potentially damaging effects of environmental degradation in order to promote inclusive human development in a panel of 44 Sub-Saharan African countries. ICT is captured with internet and mobile phone penetration rates whereas environmental degradation is measured in terms of CO 2 emissions per capita and CO 2 intensity. The empirical evidence is based on Fixed Effects and Tobit regressions using data from 2000-2012. In order to increase the policy relevance of this study, the dataset is decomposed into fundamental characteristics of inclusive development and environmental degradation based on income levels (Low income versus (vs.) Middle income); legal origins (English Common law vs. French Civil law); religious domination (Christianity vs. Islam); openness to sea (Landlocked vs. Co astal); resource-wealth (Oil-rich vs. O il-poor) and political stability (Stable vs. Unstable). Baseline findings broadly show that improvement in both of measures of ICT would significantly diminish the possibly harmful effect of CO 2 emissions on inclusive human development. When the analysis is extended with the abovementioned fundamental characteristics, we observe that the moderating influence of both our ICT variables on CO 2 emissions is higher in the group of English Common law, Middle income and Oil-wealthy countries than in the French Civil law, Low income countries and Oil-poor countries respectively. Theoretical and practical policy implications are discussed.

     
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    hdl: 10419/204969
    Series: AGDI working paper ; WP/18, 037
    Scope: 1 Online-Ressource (circa 30 Seiten)
  25. Determinants of foreign direct investment in fast-growing economies
    evidence from the BRICS and MINT countries
    Author: Asongu, Simplice; Akpan, Uduak S.; Isihak, Salisu R.
    Published: [2018]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study employs panel analysis to examine the determinants of foreign direct investment (FDI) to Brazil, Russia, India, China, and South Africa (BRICS) and Mexico, Indonesia, Nigeria, and Turkey (MINT) using data for eleven years i.e. 2001 −... more

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    This study employs panel analysis to examine the determinants of foreign direct investment (FDI) to Brazil, Russia, India, China, and South Africa (BRICS) and Mexico, Indonesia, Nigeria, and Turkey (MINT) using data for eleven years i.e. 2001 − 2011. First, it uses pooled time-series cross sectional analysis to estimate the model on determinants of FDI for three samples: BRICS only, MINT only, and BRICS and MINT combined; then, fixed effects model is also employed to estimate the model for BRICS and MINT combined. The results show that market size, infrastructure availability, and trade openness play the most significant roles in attracting FDI to BRICS and MINT while the roles of availability of natural resources and institutional quality are insignificant. Given that FDI inflow to a country has the potential of being mutually beneficial to the investing entity and host government, the challenge is on how BRICS and MINT can sustain the level of FDI inflow and ensure it results in economic growth and socio-economic transformation. To sustain the level of FDI inflow, governments of BRICS and MINT need to ensure that their countries remain attractive for investment. BRICS and MINT also need to ensure that their economies absorb substantial skills and technology spillovers from FDI inflow to promote sustainable long-term economic growth by investing more in their human capital. The study is significant because it contributes to literature on determinants of FDI by extending the scope of previous studies which often focus only on BRICS.

     
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    hdl: 10419/204970
    Series: AGDI working paper ; WP/18, 038
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen