AGDI currently has about 300 publications.
2017 |
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451. | Asongu, Jacinta Nwachukwu Simplice C A 2017. Abstract | Links | BibTeX | Tags: Knowledge economy; Development; Africa @unpublished{Asongu_448, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Building-Knowledge-Economies-in-Africa.A-Survey-of-Policies-and-Strategies.pdf}, year = {2017}, date = {2017-06-18}, abstract = {Compared to other regions of the world, Africa is lagging in its drive toward knowledge-based economies. This study surveys the literature in order to highlight the policies and strategies with which African countries can accelerate their current drive towards knowledge economies. These are discussed in terms of the four pillars of the World Bank’s knowledge economy framework. They are the indices for: (i) education and skilled population, (ii) information and communication technology, (iii) economic incentives and institutional regime and (iv) innovation systems.}, keywords = {Knowledge economy; Development; Africa}, pubstate = {published}, tppubtype = {unpublished} } Compared to other regions of the world, Africa is lagging in its drive toward knowledge-based economies. This study surveys the literature in order to highlight the policies and strategies with which African countries can accelerate their current drive towards knowledge economies. These are discussed in terms of the four pillars of the World Bank’s knowledge economy framework. They are the indices for: (i) education and skilled population, (ii) information and communication technology, (iii) economic incentives and institutional regime and (iv) innovation systems. |
452. | Nwachukwu, Vanessa Tchamyou Simplice Asongu Jacinta Development Finance Agenda, 3 (2), pp. 12-18, 2017. Abstract | Links | BibTeX | Tags: Currency Area; Policy Coordination; Africa @article{Asongu_449, author = {Vanessa Tchamyou Simplice Asongu Jacinta Nwachukwu}, url = {https://journals.co.za/content/journal/10520/EJC-79bd5dd55}, year = {2017}, date = {2017-06-16}, journal = {Development Finance Agenda}, volume = {3}, number = {2}, pages = {12-18}, abstract = {This review summarises a survey of about 70 empirical studies on proposed African monetary unions published during the past fifteen years. Four main strands are outlined in four tables. They include the: (i) West African Monetary Zone (WAMZ), (ii) East African Monetary Union (EAMU), (iii) Southern African Monetary Union (SAMU) and (iv) African Monetary Union (AMU). A number of concerns are apparent from the feasibility and/or desirability of potential monetary unions. They are variations in: empirical strategies, selection of variables, considered periodicities and sampled countries. The Hegelian dialectics are used to establish selective expansion as the predominant mode of monetary integration. Some studies make the case for strong institutions and pegs as alternatives to currency unions. The employment of cluster analysis, distinguishing shocks from responses in the examination of business cycle synchronisation and the disaggregation of panels into sub-samples provide more subtle policy implications.}, keywords = {Currency Area; Policy Coordination; Africa}, pubstate = {published}, tppubtype = {article} } This review summarises a survey of about 70 empirical studies on proposed African monetary unions published during the past fifteen years. Four main strands are outlined in four tables. They include the: (i) West African Monetary Zone (WAMZ), (ii) East African Monetary Union (EAMU), (iii) Southern African Monetary Union (SAMU) and (iv) African Monetary Union (AMU). A number of concerns are apparent from the feasibility and/or desirability of potential monetary unions. They are variations in: empirical strategies, selection of variables, considered periodicities and sampled countries. The Hegelian dialectics are used to establish selective expansion as the predominant mode of monetary integration. Some studies make the case for strong institutions and pegs as alternatives to currency unions. The employment of cluster analysis, distinguishing shocks from responses in the examination of business cycle synchronisation and the disaggregation of panels into sub-samples provide more subtle policy implications. |
453. | Amavilah, & Simplice Asongu Antonio Andrés Voxi R Lechman, Adam Marszk Harleen Kaur Ewa (Ed.): Chapter Chapter 10, Springer International Publishing, First edition, 2017, ISBN: 978-3-319-56522-4. Abstract | Links | BibTeX | Tags: cross-country analysis, Formal institutions, ICT adoption, panel data models @inbook{Asongu_450, author = {& Simplice Asongu Antonio R. Andrés Voxi Amavilah}, editor = {Adam Marszk Harleen Kaur Ewa Lechman}, url = {http://www.springer.com/us/book/9783319565224}, doi = {10.1007/978-3-319-56523-1}, isbn = {978-3-319-56522-4}, year = {2017}, date = {2017-06-13}, publisher = {Springer International Publishing}, edition = {First edition}, chapter = {Chapter 10}, abstract = {Using data for 49 African countries over the years spanning 2000-2012, and controlling for a wide range of factors, this study empirically assesses the effects of formal institutions on ICT adoption in developing countries. It deploys 2SLS and FE regression models, (a) to estimate what determines ICT adoption and (b) to trace how ICT adoption affects inclusive development. The results show that formal institutions affect ICT adoption in this group of countries, with government effectiveness having the largest positive effect and regulations the largest negative effect. Generally, formal institutions appear more important to ICT adoption in low income countries than middle income countries, whereas population and economic growth tend to constrain ICT adoption with low income countries more negatively affected than middle income countries. The results further demonstrate that ICT adoption affects development strongly, and that such effects are comparable to those of domestic credit and foreign direct investment. Ceteris paribus, external factors like foreign aid are more limiting to inclusive development than internal factors. This suggests that developing countries can enhance their ICT adoption for development by improving formal institutions and by strengthening domestic determinants of ICT adoption. Both represent opportunities for further research.}, keywords = {cross-country analysis, Formal institutions, ICT adoption, panel data models}, pubstate = {published}, tppubtype = {inbook} } Using data for 49 African countries over the years spanning 2000-2012, and controlling for a wide range of factors, this study empirically assesses the effects of formal institutions on ICT adoption in developing countries. It deploys 2SLS and FE regression models, (a) to estimate what determines ICT adoption and (b) to trace how ICT adoption affects inclusive development. The results show that formal institutions affect ICT adoption in this group of countries, with government effectiveness having the largest positive effect and regulations the largest negative effect. Generally, formal institutions appear more important to ICT adoption in low income countries than middle income countries, whereas population and economic growth tend to constrain ICT adoption with low income countries more negatively affected than middle income countries. The results further demonstrate that ICT adoption affects development strongly, and that such effects are comparable to those of domestic credit and foreign direct investment. Ceteris paribus, external factors like foreign aid are more limiting to inclusive development than internal factors. This suggests that developing countries can enhance their ICT adoption for development by improving formal institutions and by strengthening domestic determinants of ICT adoption. Both represent opportunities for further research. |
454. | Asongu, Paul Acha-Anyi Simplice N A 2017. Abstract | Links | BibTeX | Tags: Homicides; Global evidence; Persistence; Latin America @unpublished{Asongu_451, author = {Paul Acha-Anyi N Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Murder-Epidemic.A-Global-Comparative-Study.pdf}, year = {2017}, date = {2017-06-13}, abstract = {We build on literature from policy and academic circles to assess if Latin America is leading when it comes to persistence in homicides. The focus is on a global sample of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments. The following main finding is established. The region with the highest evidence of persistence in homicides is sub-Saharan Africa (SSA), followed by Latin America, the Middle East and North Africa (MENA) and then by Europe & Central Asia (ECA). In order to increase room for policy implications, the dataset is decomposed into income levels, religious domination, landlockedness and legal origins. From the conditioning information set, the following factors account for persistence in global homicides: crime, political instability and weapons import positively affect homicides whereas the number of “security and police officers” has the opposite effect.}, keywords = {Homicides; Global evidence; Persistence; Latin America}, pubstate = {published}, tppubtype = {unpublished} } We build on literature from policy and academic circles to assess if Latin America is leading when it comes to persistence in homicides. The focus is on a global sample of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments. The following main finding is established. The region with the highest evidence of persistence in homicides is sub-Saharan Africa (SSA), followed by Latin America, the Middle East and North Africa (MENA) and then by Europe & Central Asia (ECA). In order to increase room for policy implications, the dataset is decomposed into income levels, religious domination, landlockedness and legal origins. From the conditioning information set, the following factors account for persistence in global homicides: crime, political instability and weapons import positively affect homicides whereas the number of “security and police officers” has the opposite effect. |
455. | Asongu, Simplice 2017. Abstract | Links | BibTeX | Tags: CO2 emissions; Sustainable development; Environment; Africa @unpublished{Asongu_452, author = {Simplice Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Comparative-Sustainable-Development-in-Sub-Saharan-Africa.pdf}, year = {2017}, date = {2017-06-13}, abstract = {Motivated by sustainable development challenges in Sub-Saharan Africa, this study assesses the comparative persistence of environmental unsustainability in a sample of 44 countries in the sub-region for the period 2000 to 2012. The empirical evidence is based on Generalised Method of Moments. Of the six hypotheses tested, it is not feasible to assess the hypothesis on resource-wealth because of issues in degrees of freedom. As for the remaining hypotheses, the following findings are established. (i) Hypothesis 1 postulating that middle income countries have a lower level of persistence in carbon dioxide (CO2) emissions is valid for CO2 per capita emissions, CO2 emissions from electricity and heat production and CO2 emissions from liquid fuel consumption. (ii) Hypothesis 2 on the edge of French civil law countries is valid for CO2 emissions from liquid fuel consumption and CO2 intensity, but not for CO2 per capita emissions. (iii) Hypothesis 3 on the postulation that politically-unstable countries reflect more persistence is valid for CO2 per capita emissions. (iv) Hypothesis 5 on the propensity for landlocked countries to be associated with more persistence in CO2 emissions is valid for CO2 per capita emissions but not for CO2 emissions from liquid fuel consumption. (v) Hypothesis 6 maintaining that Christianity-dominated countries are more environmentally friendly with regard to CO2 emissions is valid for CO2 per capita emissions but not for CO2 emissions from liquid fuel consumption and CO2 intensity. Implications for policy and theory are discussed.}, keywords = {CO2 emissions; Sustainable development; Environment; Africa}, pubstate = {published}, tppubtype = {unpublished} } Motivated by sustainable development challenges in Sub-Saharan Africa, this study assesses the comparative persistence of environmental unsustainability in a sample of 44 countries in the sub-region for the period 2000 to 2012. The empirical evidence is based on Generalised Method of Moments. Of the six hypotheses tested, it is not feasible to assess the hypothesis on resource-wealth because of issues in degrees of freedom. As for the remaining hypotheses, the following findings are established. (i) Hypothesis 1 postulating that middle income countries have a lower level of persistence in carbon dioxide (CO2) emissions is valid for CO2 per capita emissions, CO2 emissions from electricity and heat production and CO2 emissions from liquid fuel consumption. (ii) Hypothesis 2 on the edge of French civil law countries is valid for CO2 emissions from liquid fuel consumption and CO2 intensity, but not for CO2 per capita emissions. (iii) Hypothesis 3 on the postulation that politically-unstable countries reflect more persistence is valid for CO2 per capita emissions. (iv) Hypothesis 5 on the propensity for landlocked countries to be associated with more persistence in CO2 emissions is valid for CO2 per capita emissions but not for CO2 emissions from liquid fuel consumption. (v) Hypothesis 6 maintaining that Christianity-dominated countries are more environmentally friendly with regard to CO2 emissions is valid for CO2 per capita emissions but not for CO2 emissions from liquid fuel consumption and CO2 intensity. Implications for policy and theory are discussed. |
456. | A, Nwachukwu Asongu J C S World Development, 2017. Abstract | Links | BibTeX | Tags: Terrorism; Governance; Africa @article{Asongu_453, author = {Nwachukwu J C Asongu S. A}, url = {http://www.sciencedirect.com/science/article/pii/S0305750X17301857}, doi = {10.1016/j.worlddev.2017.05.023}, year = {2017}, date = {2017-06-09}, journal = {World Development}, abstract = {This study investigates how terrorism affects governance in 53 African countries for the period 1998–2012. Four terrorism indicators are used namely: domestic, transnational, unclear, and total terrorism. Ten bundled and unbundled governance indicators are also employed namely: political governance (consisting of political stability 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. The governance indicators are bundled by means of principal component analysis. The empirical evidence is based on Generalized Method of Moments. Three key findings are established. First, all selected terrorism dynamics negatively affect political governance and its constituents. Second, evidence of a negative relationship is sparingly apparent in economic governance and its components. Third, no proof was confirmed in relation to the impact of terrorism and institutional governance with its elements. Fourth, compared with domestic terrorism, transnational terrorism more negatively and significantly affects political, economic, and general governances. Policy implications are discussed.}, keywords = {Terrorism; Governance; Africa}, pubstate = {published}, tppubtype = {article} } This study investigates how terrorism affects governance in 53 African countries for the period 1998–2012. Four terrorism indicators are used namely: domestic, transnational, unclear, and total terrorism. Ten bundled and unbundled governance indicators are also employed namely: political governance (consisting of political stability 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. The governance indicators are bundled by means of principal component analysis. The empirical evidence is based on Generalized Method of Moments. Three key findings are established. First, all selected terrorism dynamics negatively affect political governance and its constituents. Second, evidence of a negative relationship is sparingly apparent in economic governance and its components. Third, no proof was confirmed in relation to the impact of terrorism and institutional governance with its elements. Fourth, compared with domestic terrorism, transnational terrorism more negatively and significantly affects political, economic, and general governances. Policy implications are discussed. |
457. | A, Nwachukwu Asongu J C S Social Indicators Research, 2017. Abstract | Links | BibTeX | Tags: Foreign Aid; Sustainable Development; Africa @article{Asongu_454, author = {Nwachukwu J C Asongu S. A}, url = {https://link.springer.com/article/10.1007/s11205-017-1668-3}, doi = {10.1007/s11205-017-1668-3}, year = {2017}, date = {2017-06-08}, journal = {Social Indicators Research}, abstract = {In the light of evidence that poverty has been decreasing in all regions of the world with the exception of Africa, where about 45% of countries in sub-Saharan Africa did not achieve the Millennium development goal extreme poverty target, this study assesses whether increasing foreign aid improves inclusive human development. The investigation is on 53 African countries for the period 2005–2012. The empirical analysis is based on (1) the generalised method of moments (GMM) to control for persistence in inclusive human development, simultaneity and time-invariant omitted variables and (2) Instrumental Variable Tobit Regressions to control for simultaneity and the limited range in the dependent variable. The adopted foreign aid variables are: ‘humanitarian assistance’, ‘action on debt’ ‘aid for social infrastructure’, ‘aid to the productive sector’, ‘aid to the multi sector’, ‘aid for economic infrastructure’ and ‘programme assistance’. The following findings are established. From the GMM specifications, there are (1) synergy effects from ‘aid to the productive sector’ and a positive net effect from ‘programme assistance’ and (2) negative net impacts from ‘aid to social infrastructure’ and human assistance, albeit with positive marginal effects. From Instrumental Variable Tobit regressions (1) there is a synergy effect from ‘aid for economic infrastructure’ and (2) there are negative net impacts from ‘aid for social infrastructure’, ‘aid to the productive sector’ and human assistance, albeit with positive marginal effects. Policy implications are discussed.}, keywords = {Foreign Aid; Sustainable Development; Africa}, pubstate = {published}, tppubtype = {article} } In the light of evidence that poverty has been decreasing in all regions of the world with the exception of Africa, where about 45% of countries in sub-Saharan Africa did not achieve the Millennium development goal extreme poverty target, this study assesses whether increasing foreign aid improves inclusive human development. The investigation is on 53 African countries for the period 2005–2012. The empirical analysis is based on (1) the generalised method of moments (GMM) to control for persistence in inclusive human development, simultaneity and time-invariant omitted variables and (2) Instrumental Variable Tobit Regressions to control for simultaneity and the limited range in the dependent variable. The adopted foreign aid variables are: ‘humanitarian assistance’, ‘action on debt’ ‘aid for social infrastructure’, ‘aid to the productive sector’, ‘aid to the multi sector’, ‘aid for economic infrastructure’ and ‘programme assistance’. The following findings are established. From the GMM specifications, there are (1) synergy effects from ‘aid to the productive sector’ and a positive net effect from ‘programme assistance’ and (2) negative net impacts from ‘aid to social infrastructure’ and human assistance, albeit with positive marginal effects. From Instrumental Variable Tobit regressions (1) there is a synergy effect from ‘aid for economic infrastructure’ and (2) there are negative net impacts from ‘aid for social infrastructure’, ‘aid to the productive sector’ and human assistance, albeit with positive marginal effects. Policy implications are discussed. |
458. | Asongu, Jacinta Nwachukwu Simplice C A 2017. Abstract | Links | BibTeX | Tags: Foreign Aid; Sustainable Development; Africa @unpublished{Asongu_455, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Increasing-foreign-aid-for-inclusive-human-development.pdf}, year = {2017}, date = {2017-06-07}, abstract = {In the light of evidence that poverty has been decreasing in all regions of the World with the exception of Africa, where about 45 percent of countries in Sub-Saharan Africa did not achieve the Millennium Development Goal (MDG) extreme poverty target. Therefore, this study assesses whether increasing foreign aid improves inclusive human development. The investigation is on 53 African countries for the period 2005-2012. The empirical analysis is based on (i) the Generalised Method of Moments (GMM) to control for persistence in inclusive human development, simultaneity and time-invariant omitted variables and (ii) Instrumental Variable Tobit Regressions to control for simultaneity and the limited range in the dependent variable. The adopted foreign aid variables are: ‘humanitarian assistance’, ‘action on debt’ ‘aid for social infrastructure’, ‘aid to the productive sector’, ‘aid to the multi sector’, ‘aid for economic infrastructure’ and ‘programme assistance’. The following findings are established. From the GMM specifications, there are (i) synergy effects from ‘aid to the productive sector’ and a positive net effect from ‘programme assistance’ and (ii) negative net impacts from ‘aid to social infrastructure’ and human assistance, albeit with positive marginal effects. From Instrumental Variable Tobit regressions (i) there is a synergy effect from ‘aid for economic infrastructure’ and (ii) there are negative net impacts from ‘aid for social infrastructure’, ‘aid to the productive sector’ and human assistance, albeit with positive marginal effects. Policy implications are discussed.}, keywords = {Foreign Aid; Sustainable Development; Africa}, pubstate = {published}, tppubtype = {unpublished} } In the light of evidence that poverty has been decreasing in all regions of the World with the exception of Africa, where about 45 percent of countries in Sub-Saharan Africa did not achieve the Millennium Development Goal (MDG) extreme poverty target. Therefore, this study assesses whether increasing foreign aid improves inclusive human development. The investigation is on 53 African countries for the period 2005-2012. The empirical analysis is based on (i) the Generalised Method of Moments (GMM) to control for persistence in inclusive human development, simultaneity and time-invariant omitted variables and (ii) Instrumental Variable Tobit Regressions to control for simultaneity and the limited range in the dependent variable. The adopted foreign aid variables are: ‘humanitarian assistance’, ‘action on debt’ ‘aid for social infrastructure’, ‘aid to the productive sector’, ‘aid to the multi sector’, ‘aid for economic infrastructure’ and ‘programme assistance’. The following findings are established. From the GMM specifications, there are (i) synergy effects from ‘aid to the productive sector’ and a positive net effect from ‘programme assistance’ and (ii) negative net impacts from ‘aid to social infrastructure’ and human assistance, albeit with positive marginal effects. From Instrumental Variable Tobit regressions (i) there is a synergy effect from ‘aid for economic infrastructure’ and (ii) there are negative net impacts from ‘aid for social infrastructure’, ‘aid to the productive sector’ and human assistance, albeit with positive marginal effects. Policy implications are discussed. |
459. | Asongu, S A Africagrowth Agenda, 2017 (1), pp. 4-7, 2017. Abstract | Links | BibTeX | Tags: Inclusive human development; Africa @article{Asongu_456, author = {S A Asongu}, url = {https://journals.co.za/content/journal/10520/EJC-67c4df122}, year = {2017}, date = {2017-06-05}, journal = {Africagrowth Agenda}, volume = {2017}, number = {1}, pages = {4-7}, abstract = {The survey puts some structure on recent empirical studies from the African Governance and Development institute (AGDI) on inclusive development published between 2016 and 2017 for the most part. The emphasis is exclusively on the inequality adjusted human development index (IHDI) because of the sparse scholarly literature on the indicator which was first published in 2010. The review provides relationships between the IHDI and inter alia: foreign aid, globalisation, information and communication technology, business dynamics and knowledge economy, software piracy, finance, health worker migration and the feasibility of common cross-country policies aimed at improving the IHDI. The survey is of policy relevance because inclusive human development is fundamental to Africa’s growth agenda in the post-2015 sustainable development era.}, keywords = {Inclusive human development; Africa}, pubstate = {published}, tppubtype = {article} } The survey puts some structure on recent empirical studies from the African Governance and Development institute (AGDI) on inclusive development published between 2016 and 2017 for the most part. The emphasis is exclusively on the inequality adjusted human development index (IHDI) because of the sparse scholarly literature on the indicator which was first published in 2010. The review provides relationships between the IHDI and inter alia: foreign aid, globalisation, information and communication technology, business dynamics and knowledge economy, software piracy, finance, health worker migration and the feasibility of common cross-country policies aimed at improving the IHDI. The survey is of policy relevance because inclusive human development is fundamental to Africa’s growth agenda in the post-2015 sustainable development era. |
460. | Asongu, Jacinta Nwachukwu Simplice C A 2017. Abstract | Links | BibTeX | Tags: Arab Spring; Political Instability; Timing; Economic Growth @unpublished{Asongu_457, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Arab-Spring-was-predictable-in-2007.Empirics-of-ProofR.pdf}, year = {2017}, date = {2017-06-04}, abstract = {We model core demands for better governance (political, economic and institutional), more employment and less consumer price inflation using a methodological innovation on the complete elimination of cross-country differences in signals susceptible of sparking social revolts. The empirical evidence based on 14 MENA countries show that the Arab Spring was predictable in 2007 to occur between January 2011 and April 2012. While the findings predict the wave of cross-country revolutions with almost mathematical precision, caveats and cautions are discussed for the scholar to understand the expositional dimensions of the empirics.}, keywords = {Arab Spring; Political Instability; Timing; Economic Growth}, pubstate = {published}, tppubtype = {unpublished} } We model core demands for better governance (political, economic and institutional), more employment and less consumer price inflation using a methodological innovation on the complete elimination of cross-country differences in signals susceptible of sparking social revolts. The empirical evidence based on 14 MENA countries show that the Arab Spring was predictable in 2007 to occur between January 2011 and April 2012. While the findings predict the wave of cross-country revolutions with almost mathematical precision, caveats and cautions are discussed for the scholar to understand the expositional dimensions of the empirics. |