@article{Asongu,2020,
title = {Fighting African capital flight: trajectories, dynamics, and tendencies},
author = {Asongu, S. A., Uduji, J. I., Okolo-Obasi, E. N},
url = {https://jfin-swufe.springeropen.com/articles/10.1186/s40854-020-00179-0},
doi = {10.1186/s40854-020-00179-0},
year = {2020},
date = {2020-02-18},
journal = {Financial Innovation},
volume = {6},
number = {14},
pages = {1-21},
abstract = {This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is sub-divided into fundamental characteristics of African capital flight based on income levels, legal foundations, natural resources, political stability, regional proximity, and religious domination. The main finding shows that from a projection date of 2010, a feasible timeframe for harmonizing policies is between 2016 and 2023. This timeframe coincides with the beginning of the post-2015 agenda on sustainable development goals.},
keywords = {Africa, Capital flight},
pubstate = {published},
tppubtype = {article}
}
This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is sub-divided into fundamental characteristics of African capital flight based on income levels, legal foundations, natural resources, political stability, regional proximity, and religious domination. The main finding shows that from a projection date of 2010, a feasible timeframe for harmonizing policies is between 2016 and 2023. This timeframe coincides with the beginning of the post-2015 agenda on sustainable development goals.
@unpublished{Asongu,2020,
title = {Application of Systems Approach to Achieving Cleaner and Sustainable Environment: A study of Waste Dumping Issue on Idiroko Road, Ota, Ogun State, Nigeria},
author = {Daniel E. Ufua, Odunayo P. Salau, Joseph A. Dada, Mosunmola O. Adeyeye},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Application-of-Systems-Approach-to-Achieving-Cleaner-and-Sustainable-Environment.pdf},
year = {2020},
date = {2020-02-18},
abstract = {This research explores waste management activities and the strive to achieve a cleaner environment for man’s habitation. The work applies a case study approach andthe use of observation method was applied in the data collection along with a description of the case of waste dumping issue on Idiroko Road, Ota, Ogun State, Nigeria. This study suggests the application of systems approach to enhance a participatory waste management practice, that embraces the involvement and active consultation of the concerned stakeholders for effective and sustainable waste management practice. The research also highlights the need for further research to consider the application of other data collection tools such asinterview and workshop to have a broaderdata needed to further explore the research area.},
keywords = {environment, Nigeria},
pubstate = {published},
tppubtype = {unpublished}
}
This research explores waste management activities and the strive to achieve a cleaner environment for man’s habitation. The work applies a case study approach andthe use of observation method was applied in the data collection along with a description of the case of waste dumping issue on Idiroko Road, Ota, Ogun State, Nigeria. This study suggests the application of systems approach to enhance a participatory waste management practice, that embraces the involvement and active consultation of the concerned stakeholders for effective and sustainable waste management practice. The research also highlights the need for further research to consider the application of other data collection tools such asinterview and workshop to have a broaderdata needed to further explore the research area.
@unpublished{Asongu,2020,
title = {Insurance and Inequality in Sub-Saharan Africa: Policy Thresholds},
author = {Simplice A. Asongu, Nicholas M. Odhiambo},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Insurance-and-Inequality-in-Sub-Saharan-Africa-Policy-Thresholds.pdf},
year = {2020},
date = {2020-02-10},
abstract = {In this study, we examine how insurance affects income inequality in sub-Saharan Africa, using data from 42 countries during the period 2004-2014. Three inequality variables are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. Two insurance premiums are employed, namely: life insurance and non-life insurance. The empirical evidence is based on the Generalized Method of Moments (GMM). Life insurance increases the Gini coefficient and increasing life insurance has a net positive effect on the Gini coefficient and the Atkinson index. Non-life insurance reduces the Gini coefficient and increasing non-life insurance has a net positive effect on the Palma ratio. The analysis is extended to establish policy thresholds at which increasing insurance premiums completely dampen the net positive effects. From the extended analysis, 7.500 of life insurance premiums (% of GDP) is the critical mass required for life insurance to negatively affect inequality, while 0.855 of non-life insurance premiums (% of GDP) is the threshold required for non-life insurance to negatively affect inequality. Policy thresholds are provided at which insurance penetration decreases income inequality in sub-Saharan Africa.},
keywords = {Insurance; Inclusive development; Africa},
pubstate = {published},
tppubtype = {unpublished}
}
In this study, we examine how insurance affects income inequality in sub-Saharan Africa, using data from 42 countries during the period 2004-2014. Three inequality variables are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. Two insurance premiums are employed, namely: life insurance and non-life insurance. The empirical evidence is based on the Generalized Method of Moments (GMM). Life insurance increases the Gini coefficient and increasing life insurance has a net positive effect on the Gini coefficient and the Atkinson index. Non-life insurance reduces the Gini coefficient and increasing non-life insurance has a net positive effect on the Palma ratio. The analysis is extended to establish policy thresholds at which increasing insurance premiums completely dampen the net positive effects. From the extended analysis, 7.500 of life insurance premiums (% of GDP) is the critical mass required for life insurance to negatively affect inequality, while 0.855 of non-life insurance premiums (% of GDP) is the threshold required for non-life insurance to negatively affect inequality. Policy thresholds are provided at which insurance penetration decreases income inequality in sub-Saharan Africa.
@unpublished{Asongu,2020,
title = {Relevance of Wagner’s Hypothesis in Achieving Sustainable Development Agenda in Nigeria},
author = {Isiaq O. Oseni, Ibrahim A. Adekunle },
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Relevance-of-Wagners-Hypothesis-in-Achieving-Sustainable-Development.pdf},
year = {2020},
date = {2020-02-10},
abstract = {Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth outcomes a mirage in Nigeria. Recent economic crisis prompted the debate on how increased government spending induces sustainable economic growth in Nigeria. This paper examines the validity or otherwise of Wagner’s theory in Nigeria for the realisation of the Sustainable Development Goals (SDGs) from 1980 through 2017. Using time-series data on real gross domestic product, total government expenditure, money supply and domestic investment and adopting the two-step Engle and Granger estimation procedure, result shows that increased government spending significantly predicts variations in real gross domestic product and thus leaned empirical credence to Wagner’s hypothesis as an essential concept for the attainment of Sustainable Development Goals in Nigeria. This paper recommended that the government should exhaust all possible options to increase expenditure in order to realise sustainable growth in Nigeria.},
keywords = {Government Expenditure, Growth},
pubstate = {published},
tppubtype = {unpublished}
}
Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth outcomes a mirage in Nigeria. Recent economic crisis prompted the debate on how increased government spending induces sustainable economic growth in Nigeria. This paper examines the validity or otherwise of Wagner’s theory in Nigeria for the realisation of the Sustainable Development Goals (SDGs) from 1980 through 2017. Using time-series data on real gross domestic product, total government expenditure, money supply and domestic investment and adopting the two-step Engle and Granger estimation procedure, result shows that increased government spending significantly predicts variations in real gross domestic product and thus leaned empirical credence to Wagner’s hypothesis as an essential concept for the attainment of Sustainable Development Goals in Nigeria. This paper recommended that the government should exhaust all possible options to increase expenditure in order to realise sustainable growth in Nigeria.
@unpublished{Asongu,2020,
title = {Insurance and Inequality in Sub-Saharan Africa: Policy Thresholds},
author = {Simplice A. Asongu, Nicholas M. Odhiambo },
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Insurance-and-Inequality-in-Sub-Saharan-Africa-Policy-Thresholds.pdf},
year = {2020},
date = {2020-02-09},
abstract = {In this study, we examine how insurance affects income inequality in sub-Saharan Africa, using data from 42 countries during the period 2004-2014. Three inequality variables are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. Two insurance premiums are employed, namely: life insurance and non-life insurance. The empirical evidence is based on the Generalized Method of Moments (GMM). Life insurance increases the Gini coefficient and increasing life insurance has a net positive effect on the Gini coefficient and the Atkinson index. Non-life insurance reduces the Gini coefficient and increasing non-life insurance has a net positive effect on the Palma ratio. The analysis is extended to establish policy thresholds at which increasing insurance premiums completely dampen the net positive effects. From the extended analysis, 7.500 of life insurance premiums (% of GDP) is the critical mass required for life insurance to negatively affect inequality, while 0.855 of non-life insurance premiums (% of GDP) is the threshold required for non-life insurance to negatively affect inequality. Policy thresholds are provided at which insurance penetration decreases income inequality in sub-Saharan Africa.},
keywords = {Insurance; Inclusive development; Africa},
pubstate = {published},
tppubtype = {unpublished}
}
In this study, we examine how insurance affects income inequality in sub-Saharan Africa, using data from 42 countries during the period 2004-2014. Three inequality variables are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. Two insurance premiums are employed, namely: life insurance and non-life insurance. The empirical evidence is based on the Generalized Method of Moments (GMM). Life insurance increases the Gini coefficient and increasing life insurance has a net positive effect on the Gini coefficient and the Atkinson index. Non-life insurance reduces the Gini coefficient and increasing non-life insurance has a net positive effect on the Palma ratio. The analysis is extended to establish policy thresholds at which increasing insurance premiums completely dampen the net positive effects. From the extended analysis, 7.500 of life insurance premiums (% of GDP) is the critical mass required for life insurance to negatively affect inequality, while 0.855 of non-life insurance premiums (% of GDP) is the threshold required for non-life insurance to negatively affect inequality. Policy thresholds are provided at which insurance penetration decreases income inequality in sub-Saharan Africa.
@article{Asongu,2020,
title = {On the simultaneous openness hypothesis: FDI, trade and TFP dynamics in Sub-Saharan Africa},
author = {Asongu, S.A., Nnanna, J. & Acha-Anyi, P.N.},
url = {https://journalofeconomicstructures.springeropen.com/articles/10.1186/s40008-020-0189-4},
doi = {10.1186/s40008-020-0189-4},
year = {2020},
date = {2020-02-01},
journal = {Journal of Economic Structures },
volume = {9},
number = {5},
pages = {1-27},
abstract = {This study assesses the simultaneous openness hypothesis that trade modulates foreign direct investment (FDI) to induce positive net effects on total factor productivity (TFP) dynamics. Twenty-five countries in Sub-Saharan Africa and data for the period 1980 to 2014 are used. The empirical evidence is based on the Generalized Method of Moments. First, trade imports modulate FDI to overwhelmingly induce positive net effects on TFP, real TFP growth, welfare TFP and real welfare TFP. Second, with exceptions on TFP and welfare TFP where net effects are both positive and negative, trade exports modulate FDI to overwhelmingly induce positive net effects on real TFP growth and welfare real TFP. In summary, the tested hypothesis is valid for the most part. Policy implications are discussed.},
keywords = {FDI, Sub-Saharan Africa, TFP, Trade},
pubstate = {published},
tppubtype = {article}
}
This study assesses the simultaneous openness hypothesis that trade modulates foreign direct investment (FDI) to induce positive net effects on total factor productivity (TFP) dynamics. Twenty-five countries in Sub-Saharan Africa and data for the period 1980 to 2014 are used. The empirical evidence is based on the Generalized Method of Moments. First, trade imports modulate FDI to overwhelmingly induce positive net effects on TFP, real TFP growth, welfare TFP and real welfare TFP. Second, with exceptions on TFP and welfare TFP where net effects are both positive and negative, trade exports modulate FDI to overwhelmingly induce positive net effects on real TFP growth and welfare real TFP. In summary, the tested hypothesis is valid for the most part. Policy implications are discussed.
@article{Asongu,2020,
title = {The Impact of Corporate Social Responsibility Interventions on Female Education Development in the Rural Niger Delta Region of Nigeria},
author = {Uduji, J. I., Okolo-Obasi, E. N., Asongu, S. A., },
url = {https://journals.sagepub.com/doi/10.1177/1464993420902593},
doi = {10.1177/1464993420902593},
year = {2020},
date = {2020-01-29},
journal = {Progress in Development Studies},
volume = {20},
number = {1},
pages = {45-64 },
abstract = {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 the Sustainable Development Goals (SDGs) in the Niger Delta region.},
keywords = {female education, Gender equality},
pubstate = {published},
tppubtype = {article}
}
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 the Sustainable Development Goals (SDGs) in the Niger Delta region.
@article{Asongu,2020,
title = {The Persistence of Weapons: Global Evidence},
author = {Simplice A. Asongu, Joseph I. Uduji, Elda N. Okolo‐Obasi},
url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/polp.12341},
doi = {10.1111/polp.12341},
year = {2020},
date = {2020-01-27},
journal = {Politics & Policy },
abstract = {This article investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010‐15. The following are some main findings: (1) compared to countries that are landlocked, persistence in heavy weapons is more apparent in nations that are open to the sea; (2) relative to the Middle East and North Africa, heavy weapons are more persistent in the East Asia and the Pacific countries. This tendency is consistent with “weapons imports;” (3) 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 exports; and (4) the determinants of persistence employed in the conditioning information set are contingent on fundamental characteristics and panels. Policy implications are discussed.},
keywords = {Weapons; Global Evidence},
pubstate = {published},
tppubtype = {article}
}
This article investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010‐15. The following are some main findings: (1) compared to countries that are landlocked, persistence in heavy weapons is more apparent in nations that are open to the sea; (2) relative to the Middle East and North Africa, heavy weapons are more persistent in the East Asia and the Pacific countries. This tendency is consistent with “weapons imports;” (3) 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 exports; and (4) the determinants of persistence employed in the conditioning information set are contingent on fundamental characteristics and panels. Policy implications are discussed.
@unpublished{Asongu,2020,
title = {Fighting terrorism in Africa: complementarity between inclusive development, military expenditure and political stability},
author = {Simplice A. Asongu, Sara Le Roux, Pritam Singh},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Fighting-terrorism-in-Africa-complementarity-policies.pdf},
year = {2020},
date = {2020-01-23},
abstract = {This study examines complementarities between inclusive development, military expenditure and political stability in the fight against terrorism in 53 African countries for the period 1998-2012. Hence the policy variables employed in the study are inclusive development, military expenditure and political stability. The empirical evidence is based on Generalised Method of Moments (GMM) with forward orthogonal deviations. The paper reports three main findings. Firstly, military expenditure and inclusive development are substitutes and not complements. Secondly, it is more relevant to use political stability as a complement of inclusive development than to use inclusive development as a complement of political stability. Thirdly, it can be broadly established that military expenditure and political stability are complementary. In the light of the sequencing, complementarity and substitutability, when the three policy variables are viewed within the same framework, it is more feasible to first pursue political stability and then complement it with military expenditure and inclusive development.},
keywords = {Terrorism; Africa},
pubstate = {published},
tppubtype = {unpublished}
}
This study examines complementarities between inclusive development, military expenditure and political stability in the fight against terrorism in 53 African countries for the period 1998-2012. Hence the policy variables employed in the study are inclusive development, military expenditure and political stability. The empirical evidence is based on Generalised Method of Moments (GMM) with forward orthogonal deviations. The paper reports three main findings. Firstly, military expenditure and inclusive development are substitutes and not complements. Secondly, it is more relevant to use political stability as a complement of inclusive development than to use inclusive development as a complement of political stability. Thirdly, it can be broadly established that military expenditure and political stability are complementary. In the light of the sequencing, complementarity and substitutability, when the three policy variables are viewed within the same framework, it is more feasible to first pursue political stability and then complement it with military expenditure and inclusive development.
@unpublished{Asongu,2020,
title = {An Index of African Monetary Integration (IAMI)},
author = {Samba Diop, Simplice A. Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/An-Index-of-African-Monetary-Integration.pdf},
year = {2020},
date = {2020-01-22},
abstract = {This study improves the African Regional Integration Index (ARII) proposed by the African Union, the African Development Bank and the United Nations Economic Commission for Africa by providing a theoretical framework and addressing shortcomings related to weighting and aggregation of the indicator. This paper measures monetary integration in the eight African Regional Economic Communities (RECs) by constructing an Index of African Monetary Integration (IAMI). It proposes an Optimal Currency Area as theoretical framework and uses a panel approach to appreciate the dynamics of the index over different periods of time. The findings show that: (i) inflation and finance (trade and mobility) present the highest (lowest) score while ECOWAS is (EAC and IGAD are) the highest (least) performing. (ii) Surprisingly, in most RECs, the highest contributors to wealth creation are not the top performers in regional monetary integration. (iii) The RECs in Africa are characterized by a stable monetary integration which is different from the gradual process usually observed in monetary integration because with the exception of the EAC and UMA, the dynamics of IAMI show a steady trend in the overall index across time. Policy implications are discussed.},
keywords = {Monetary Integration; Currency Unions},
pubstate = {published},
tppubtype = {unpublished}
}
This study improves the African Regional Integration Index (ARII) proposed by the African Union, the African Development Bank and the United Nations Economic Commission for Africa by providing a theoretical framework and addressing shortcomings related to weighting and aggregation of the indicator. This paper measures monetary integration in the eight African Regional Economic Communities (RECs) by constructing an Index of African Monetary Integration (IAMI). It proposes an Optimal Currency Area as theoretical framework and uses a panel approach to appreciate the dynamics of the index over different periods of time. The findings show that: (i) inflation and finance (trade and mobility) present the highest (lowest) score while ECOWAS is (EAC and IGAD are) the highest (least) performing. (ii) Surprisingly, in most RECs, the highest contributors to wealth creation are not the top performers in regional monetary integration. (iii) The RECs in Africa are characterized by a stable monetary integration which is different from the gradual process usually observed in monetary integration because with the exception of the EAC and UMA, the dynamics of IAMI show a steady trend in the overall index across time. Policy implications are discussed.
