@unpublished{Asongu,2018,
title = {Tourism and Social Media in the World: An Empirical Investigation},
author = {Simplice A. Asongu, Nicholas Odhiambo },
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Tourism-and-Social-Media-in-the-World.An-Empirical-Investigation.pdf},
year = {2018},
date = {2018-11-29},
abstract = {The study examines the relationship between tourism and social media from a cross section of 138 countries with data for the year 2012.The empirical evidence is based on Ordinary Least Squares, Negative Binomial and Quantile regressions. Two main findings are established. First, there is a positive relationship between Facebook penetration and the number of tourist arrivals. Second, Facebook penetration is more relevant in promoting tourist arrivals in countries where initial levels in tourist arrivals are the highest and low. The established positive relationship can be elucidated from four principal angles: the transformation of travel research, the rise in social sharing, improvements in customer service and the reshaping of travel agencies. This study explores a new dataset on social media. There are very few empirical studies on the relevance of social media in development outcomes.},
keywords = {Social Media; Tourism},
pubstate = {published},
tppubtype = {unpublished}
}
The study examines the relationship between tourism and social media from a cross section of 138 countries with data for the year 2012.The empirical evidence is based on Ordinary Least Squares, Negative Binomial and Quantile regressions. Two main findings are established. First, there is a positive relationship between Facebook penetration and the number of tourist arrivals. Second, Facebook penetration is more relevant in promoting tourist arrivals in countries where initial levels in tourist arrivals are the highest and low. The established positive relationship can be elucidated from four principal angles: the transformation of travel research, the rise in social sharing, improvements in customer service and the reshaping of travel agencies. This study explores a new dataset on social media. There are very few empirical studies on the relevance of social media in development outcomes.
@article{Asongu,2018,
title = {Basic formal education quality, information technology, and inclusive human development in sub‐Saharan Africa},
author = {Simplice A. Asongu, Nicholas Odhiambo },
url = {https://onlinelibrary.wiley.com/doi/abs/10.1002/sd.1914},
doi = {10.1002/sd.1914},
year = {2018},
date = {2018-11-29},
journal = {Sustainable Development},
abstract = {This study assesses the role played by basic formal education on the impact of information technology on inclusive human development in sub‐Saharan African countries during the period 2000–2012. The study aims to answer one critical question: What is the relevance of basic formal education in the effect of mobile phone penetration on inclusive human development in sub‐Saharan Africa when initial levels of inclusive human development are taken into account? The empirical evidence is based on instrumental quantile regressions. The findings of this study show that poor primary education dampens the positive effect of mobile phone penetration on inclusive human development. This finding should be understood from the perspective that the education quality indicator represents a policy syndrome because of the way it is computed, notably, the ratio of pupils to teachers. Hence, an increasing ratio indicates decreasing quality of education. It follows that decreasing quality of education dampens the positive effect of mobile phone on inclusive development. This tendency is consistent throughout the conditional distribution of inclusive sustainable human development. Policy implications are discussed.},
keywords = {Quality education; Mobile phones; Inclusive development},
pubstate = {published},
tppubtype = {article}
}
This study assesses the role played by basic formal education on the impact of information technology on inclusive human development in sub‐Saharan African countries during the period 2000–2012. The study aims to answer one critical question: What is the relevance of basic formal education in the effect of mobile phone penetration on inclusive human development in sub‐Saharan Africa when initial levels of inclusive human development are taken into account? The empirical evidence is based on instrumental quantile regressions. The findings of this study show that poor primary education dampens the positive effect of mobile phone penetration on inclusive human development. This finding should be understood from the perspective that the education quality indicator represents a policy syndrome because of the way it is computed, notably, the ratio of pupils to teachers. Hence, an increasing ratio indicates decreasing quality of education. It follows that decreasing quality of education dampens the positive effect of mobile phone on inclusive development. This tendency is consistent throughout the conditional distribution of inclusive sustainable human development. Policy implications are discussed.
@article{Asongu,2018,
title = {The Long Run Stability of Money Demand in the Proposed West African Monetary Union},
author = {Simplice A. Asongu, Oludele E. Folarin, Nicholas Biekpe},
url = {https://www.sciencedirect.com/science/article/pii/S0275531918300771},
doi = {10.1016/j.ribaf.2018.11.001},
year = {2018},
date = {2018-11-29},
journal = {Research in International Business and Finance},
abstract = {This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.},
keywords = {Stable; demand for money; bounds test},
pubstate = {published},
tppubtype = {article}
}
This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.
@unpublished{Asongu,2018,
title = {The Long Run Stability of Money Demand in the Proposed West African Monetary Union},
author = {Simplice A. Asongu, Oludele E. Folarin, Nicholas Biekpe },
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Long-Run-Stability-of-Money-Demand-in-the-Proposed-West-African-Monetary-Union.pdf},
year = {2018},
date = {2018-11-27},
abstract = {This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.},
keywords = {Stable; demand for money; bounds test},
pubstate = {published},
tppubtype = {unpublished}
}
This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function is designed and estimated using a bounds testing approach to co-integration and error-correction modeling. The findings show divergence across ECOWAS member states in the stability of money demand. This divergence is informed by differences in cointegration, stability, short run and long term determinants, and error correction in event of a shock.
@article{Asongu,2018,
title = {Contemporary drivers of global tourism: evidence from terrorism and peace factors},
author = {Simplice A. Asongu, Joseph Nnanna, Nicholas Biekpe, Paul N. Acha-Anyi
},
url = {https://www.tandfonline.com/doi/full/10.1080/10548408.2018.1541778},
doi = {10.1080/10548408.2018.1541778},
year = {2018},
date = {2018-11-26},
journal = {Journal of Travel & Tourism Marketing},
abstract = {This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010–2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB regressions from which the following main findings are established. First, political instability, violent demonstrations, and number of homicides negatively affect tourist arrivals, while the number of incarcerations positively influences the outcome variable. Second, the effects of military expenditure, “armed service personnel,” and “security officers and polices” are not positively significant. Managerial implications are discussed.},
keywords = {Terrorism; Peace; Tourism},
pubstate = {published},
tppubtype = {article}
}
This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010–2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB regressions from which the following main findings are established. First, political instability, violent demonstrations, and number of homicides negatively affect tourist arrivals, while the number of incarcerations positively influences the outcome variable. Second, the effects of military expenditure, “armed service personnel,” and “security officers and polices” are not positively significant. Managerial implications are discussed.
@unpublished{Asongu,2018,
title = {Environmental Pollution Policy of Small Businesses in Nigeria and Ghana: Extent and Impact},
author = {Uchenna Efobi, Tanankem Belmondo, Emmanuel Orkoh, Scholastica Ngozi Atata, Opeyemi Akinyemi & Ibukun Beecroft },
url = {http://afeawpapers.org/RePEc/afe/afe-wpaper/Environmental-Pollution-Policy-of-Small-Businesses.pdf},
year = {2018},
date = {2018-11-25},
abstract = {This study provides a comprehensive assessment of firms’ operation and environmental protection polices in Nigeria and Ghana, where there has been a rising industrial growth amidst low regulatory and institutional frameworks. We analyze the extents to which firms’ adoption of environmental protection policies affect their performances. We use firm-level data of 842 firms (447 for Nigeria and 395 for Ghana) distributed across different regions of both countries for our descriptive and econometric estimations. We find, among other things, that firms’ adoption of internal policies on environmental protection is dismally low in both Nigeria (32 percent) and Ghana (17 percent), with policies focused on reducing solid (38 percent, Nigeria; and 35 percent, Ghana), gaseous (22 percent, Nigeria; and 44 percent, Ghana), and liquid (24 percent, Nigeria; and 14 percent, Ghana) pollution. Training appears to be an important intervention that can help improve firms’ adoption of such policies. We also found that firms’ adoption and implementation of environmental protection policies significantly improve their performance.},
keywords = {Environment; Green Industrialization; Performance},
pubstate = {published},
tppubtype = {unpublished}
}
This study provides a comprehensive assessment of firms’ operation and environmental protection polices in Nigeria and Ghana, where there has been a rising industrial growth amidst low regulatory and institutional frameworks. We analyze the extents to which firms’ adoption of environmental protection policies affect their performances. We use firm-level data of 842 firms (447 for Nigeria and 395 for Ghana) distributed across different regions of both countries for our descriptive and econometric estimations. We find, among other things, that firms’ adoption of internal policies on environmental protection is dismally low in both Nigeria (32 percent) and Ghana (17 percent), with policies focused on reducing solid (38 percent, Nigeria; and 35 percent, Ghana), gaseous (22 percent, Nigeria; and 44 percent, Ghana), and liquid (24 percent, Nigeria; and 14 percent, Ghana) pollution. Training appears to be an important intervention that can help improve firms’ adoption of such policies. We also found that firms’ adoption and implementation of environmental protection policies significantly improve their performance.
@unpublished{Asongu,2018,
title = {Introduction},
author = {Simplice A. Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Introduction-to-special-section-on-happiness-and-well-being-in-Africa.pdf},
year = {2018},
date = {2018-11-25},
abstract = {This special section aims to advance scholarship on well-being and happiness in Africa. The section covers theoretical, conceptual and empirical contributions which address relevant areas that enhance extant knowledge on linkages between poverty, happiness and well-being in Africa.},
keywords = {Economic Growth; Inclusive Development; Well-Being},
pubstate = {published},
tppubtype = {unpublished}
}
This special section aims to advance scholarship on well-being and happiness in Africa. The section covers theoretical, conceptual and empirical contributions which address relevant areas that enhance extant knowledge on linkages between poverty, happiness and well-being in Africa.
@article{Asongu,2018,
title = {Aid, Terrorism, and Foreign Direct Investment: Empirical Insight Conditioned on Corruption Control},
author = {Efobi, U., Asongu, S., & Beecroft, I., },
url = {https://www.tandfonline.com/doi/full/10.1080/10168737.2018.1549089},
doi = {10.1080/10168737.2018.1549089},
year = {2018},
date = {2018-11-22},
journal = {International Economics},
abstract = {This paper checks the effect of foreign aid on terrorism–foreign direct investment (FDI) nexus, while considering the extent of domestic corruption control (CC). The empirical evidence is based on a sample of 78 developing countries. The following findings were established: the negative effect of terrorism on FDI is apparent only in countries with higher levels of CC; foreign aid dampens the negative effect of terrorism on FDI only in countries with high level of CC. Also, the result is mixed when foreign aid is subdivided into its bilateral and multilateral components. While our findings are in accordance with the stance that bilateral aid is effective in reducing the adverse effect of terrorism on FDI, we find that multilateral aid also decreases the adverse effect of other forms of terrorism that can neither be classified as domestic or transnational. Policy implications are discussed in the paper.},
keywords = {Foreign aid, foreign investment, terrorism},
pubstate = {published},
tppubtype = {article}
}
This paper checks the effect of foreign aid on terrorism–foreign direct investment (FDI) nexus, while considering the extent of domestic corruption control (CC). The empirical evidence is based on a sample of 78 developing countries. The following findings were established: the negative effect of terrorism on FDI is apparent only in countries with higher levels of CC; foreign aid dampens the negative effect of terrorism on FDI only in countries with high level of CC. Also, the result is mixed when foreign aid is subdivided into its bilateral and multilateral components. While our findings are in accordance with the stance that bilateral aid is effective in reducing the adverse effect of terrorism on FDI, we find that multilateral aid also decreases the adverse effect of other forms of terrorism that can neither be classified as domestic or transnational. Policy implications are discussed in the paper.
@unpublished{Asongu,2018,
title = {The impact of e-wallet on informal farm entrepreneurship development in rural Nigeria},
author = {Joseph I. Uduji, Elda N. Okolo-Obasi & Simplice A. Asongu
},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-impact-of-e-wallet-on-informal-farm-entrepreneurship-development.pdf},
year = {2018},
date = {2018-11-15},
abstract = {Transforming agriculture from a largely subsistence enterprise to a profitable commercial venture is both a prerequisite and a driving force for accelerated development and sustainable growth in sub-Saharan Africa. The objective of this investigation is to assess the impact of the Federal Government of Nigeria (FGN) e-wallet programme on informal farm entrepreneurship development in rural Nigeria. Informal sector farmers are those that are not legally registered at the national level though could be connected to a registered association. The research is motivated by the absence of literature focusing on the problem statement or objective of study. One thousand, one hundred and fifty-two rural farmers were sampled across the six geo-political zones of Nigeria. Results from the use of a bivariate probit model indicate that the mobile phone-based technology via the e-wallet programme is a critical factor that has enhanced farm entrepreneurship in rural Nigeria. However, results also show that the impact of mobile phones (as a channel to accessing and using modern agricultural inputs) is contingent on how mobile networks are able to link farmers who live in rural areas and work mainly in farming. The results suggest that increasing mobile phone services in rural Nigeria enhances farmers’ knowledge, information and adoption of improved farm inputs and by extension, spurs rural informal sector economic activities in sub-Saharan Africa. Implications for practice, policy and research are discussed.},
keywords = {Informal sector’s adoption, technologies},
pubstate = {published},
tppubtype = {unpublished}
}
Transforming agriculture from a largely subsistence enterprise to a profitable commercial venture is both a prerequisite and a driving force for accelerated development and sustainable growth in sub-Saharan Africa. The objective of this investigation is to assess the impact of the Federal Government of Nigeria (FGN) e-wallet programme on informal farm entrepreneurship development in rural Nigeria. Informal sector farmers are those that are not legally registered at the national level though could be connected to a registered association. The research is motivated by the absence of literature focusing on the problem statement or objective of study. One thousand, one hundred and fifty-two rural farmers were sampled across the six geo-political zones of Nigeria. Results from the use of a bivariate probit model indicate that the mobile phone-based technology via the e-wallet programme is a critical factor that has enhanced farm entrepreneurship in rural Nigeria. However, results also show that the impact of mobile phones (as a channel to accessing and using modern agricultural inputs) is contingent on how mobile networks are able to link farmers who live in rural areas and work mainly in farming. The results suggest that increasing mobile phone services in rural Nigeria enhances farmers’ knowledge, information and adoption of improved farm inputs and by extension, spurs rural informal sector economic activities in sub-Saharan Africa. Implications for practice, policy and research are discussed.
@unpublished{Asongu,2018,
title = {Inequality, ICT and Financial Access in Africa},
author = {Vanessa S. Tchamyou, Guido Erreygers & Danny Cassimon
},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inequality-ICT-and-Financial-Access-in-Africa.pdf},
year = {2018},
date = {2018-11-15},
abstract = {This study investigates the role of information and communication technology (ICT) on income inequality through financial development dynamics of depth (money supply and liquid liabilities), efficiency (at banking and financial system levels), activity (from banking and financial system perspectives) and size, in 48 African countries for the period 1996 to 2014. The empirical evidence is based on Generalised Method of Moments. While both financial depth and size are established to reduce inequality contingent on ICT, only the effect of financial depth in reducing inequality is robust to the inclusion of time invariant variables to the set of strictly exogenous variables. We extend the analysis by decomposing financial depth into its components, namely: formal, informal, semi-formal and non-formal financial sectors. The findings based on this extension show that ICT reduces income inequality through formal financial sector development and financial sector formalization as opposed to informal financial sector development and financial sector informalization. The study contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of addressing post-2015 Sustainable Development Goals (SDGs) inequality challenges by means of ICT and financial access.},
keywords = {Inequality; ICT; Financial development; Africa},
pubstate = {published},
tppubtype = {unpublished}
}
This study investigates the role of information and communication technology (ICT) on income inequality through financial development dynamics of depth (money supply and liquid liabilities), efficiency (at banking and financial system levels), activity (from banking and financial system perspectives) and size, in 48 African countries for the period 1996 to 2014. The empirical evidence is based on Generalised Method of Moments. While both financial depth and size are established to reduce inequality contingent on ICT, only the effect of financial depth in reducing inequality is robust to the inclusion of time invariant variables to the set of strictly exogenous variables. We extend the analysis by decomposing financial depth into its components, namely: formal, informal, semi-formal and non-formal financial sectors. The findings based on this extension show that ICT reduces income inequality through formal financial sector development and financial sector formalization as opposed to informal financial sector development and financial sector informalization. The study contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of addressing post-2015 Sustainable Development Goals (SDGs) inequality challenges by means of ICT and financial access.
