AGDI currently has about 300 publications.
2017 |
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| 471. | Asongu, Simplice Research in International Business and Finance, 2017. Abstract | Links | BibTeX | Tags: Information Asymmetry; Financial Access; Africa @article{Asongu_468, author = {Simplice Asongu}, url = {http://www.sciencedirect.com/science/article/pii/S0275531916301222}, doi = {10.1016/j.ribaf.2017.04.020}, year = {2017}, date = {2017-04-21}, journal = {Research in International Business and Finance}, abstract = {The purpose of this study is to assess how information sharing offices affect loan price and quantity in the African banking industry. The empirical evidence is based on a panel of 162 banks in 42 countries for the period 2001-2011. From the Generalised Method of Moments, public credit registries decrease loan price. With instrumental Quantile Regressions, two main findings are established. Public credit registries consistently decrease the price of loans whereas private credit bureaus consistently have the opposite effect. Public credit registries increase loan quantity in bottom quintiles (or banks associated with lower loan quantities) while private credit bureaus increase loan quantity in top quintiles (or banks associated with higher loan quantities).}, keywords = {Information Asymmetry; Financial Access; Africa}, pubstate = {published}, tppubtype = {article} } The purpose of this study is to assess how information sharing offices affect loan price and quantity in the African banking industry. The empirical evidence is based on a panel of 162 banks in 42 countries for the period 2001-2011. From the Generalised Method of Moments, public credit registries decrease loan price. With instrumental Quantile Regressions, two main findings are established. Public credit registries consistently decrease the price of loans whereas private credit bureaus consistently have the opposite effect. Public credit registries increase loan quantity in bottom quintiles (or banks associated with lower loan quantities) while private credit bureaus increase loan quantity in top quintiles (or banks associated with higher loan quantities). |
| 472. | A., Anyanwu & Tchamyou Asongu J C V S S Information Technology for Development, 2017. Abstract | Links | BibTeX | Tags: Information sharing; financial development; quantile regression; technology; Africa @article{Asongu_469, author = {Anyanwu & Tchamyou J C V S Asongu S. A.}, url = {http://www.tandfonline.com/eprint/2N8gsfkGhpWtDFwIe6u5/full}, doi = {10.1080/02681102.2017.1311833}, year = {2017}, date = {2017-04-20}, journal = {Information Technology for Development}, abstract = {Information technology is increasingly facilitating mechanisms by which information asymmetry between lenders and borrowers in the financial sector can be reduced in order to enhance financial access for human and economic development in developing countries. We examine conditional financial development from ICT-driven information sharing in 53 African countries for the period 2004–2011, using contemporary and non-contemporary quantile regressions. ICT is measured with mobile phone penetration and internet penetration, whereas information-sharing offices are public credit registries and private credit bureaus. The following findings are established. First, there are positive effects with positive thresholds from ICT-driven information sharing on financial depth (money supply and liquid liabilities) and financial activity (at banking and financial system levels). Second, for financial intermediation efficiency, the positive effects from mobile-driven information sharing are apparent exclusively in certain levels of financial efficiency. Third, with regard to financial size, mobile-driven information sharing is positive with a negative threshold, whereas internet-driven information sharing is positive exclusively among countries in the bottom half of financial size. Positive thresholds are defined as decreasing negative or increasing positive estimated effects from information-sharing offices and vice versa for negative thresholds. Policy implications are discussed.}, keywords = {Information sharing; financial development; quantile regression; technology; Africa}, pubstate = {published}, tppubtype = {article} } Information technology is increasingly facilitating mechanisms by which information asymmetry between lenders and borrowers in the financial sector can be reduced in order to enhance financial access for human and economic development in developing countries. We examine conditional financial development from ICT-driven information sharing in 53 African countries for the period 2004–2011, using contemporary and non-contemporary quantile regressions. ICT is measured with mobile phone penetration and internet penetration, whereas information-sharing offices are public credit registries and private credit bureaus. The following findings are established. First, there are positive effects with positive thresholds from ICT-driven information sharing on financial depth (money supply and liquid liabilities) and financial activity (at banking and financial system levels). Second, for financial intermediation efficiency, the positive effects from mobile-driven information sharing are apparent exclusively in certain levels of financial efficiency. Third, with regard to financial size, mobile-driven information sharing is positive with a negative threshold, whereas internet-driven information sharing is positive exclusively among countries in the bottom half of financial size. Positive thresholds are defined as decreasing negative or increasing positive estimated effects from information-sharing offices and vice versa for negative thresholds. Policy implications are discussed. |
| 473. | Asongu, Simplice A 2017. Abstract | Links | BibTeX | Tags: Information Asymmetry; Financial Access; Africa @unpublished{Asongu_470, author = {Simplice A Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Effect-of-Reducing-Information-Asymmetry-on-Loan-Price-and-Quantity.pdf}, year = {2017}, date = {2017-04-20}, abstract = {The purpose of this study is to assess how information sharing offices affect loan price and quantity in the African banking industry. The empirical evidence is based on a panel of 162 banks in 42 countries for the period 2001-2011. From the Generalised Method of Moments, public credit registries decrease loan price. With instrumental Quantile Regressions, two main findings are established. Public credit registries consistently decrease the price of loans whereas private credit bureaus consistently have the opposite effect. Public credit registries increase loan quantity in bottom quintiles (or banks associated with lower loan quantities) while private credit bureaus increase loan quantity in top quintiles (or banks associated with higher loan quantities).}, keywords = {Information Asymmetry; Financial Access; Africa}, pubstate = {published}, tppubtype = {unpublished} } The purpose of this study is to assess how information sharing offices affect loan price and quantity in the African banking industry. The empirical evidence is based on a panel of 162 banks in 42 countries for the period 2001-2011. From the Generalised Method of Moments, public credit registries decrease loan price. With instrumental Quantile Regressions, two main findings are established. Public credit registries consistently decrease the price of loans whereas private credit bureaus consistently have the opposite effect. Public credit registries increase loan quantity in bottom quintiles (or banks associated with lower loan quantities) while private credit bureaus increase loan quantity in top quintiles (or banks associated with higher loan quantities). |
| 474. | Asongu, Ndemaze Asongu Simplice A 2017. Abstract | Links | BibTeX | Tags: Quality of growth; Development @unpublished{Asongu_471, author = {Ndemaze Asongu Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Comparative-Determinants-of-Quality-of-Growth-in-Developing-Countries.pdf}, year = {2017}, date = {2017-04-20}, abstract = {This study explores a new dataset in order to present the comparative determinants of growth quality in 93 developing countries for the period 1990-2011. We employ both cross-sectional and panel estimation techniques with contemporary and non-contemporary specifications. The determinants are quite heterogeneous in significance and magnitude with substantial inclinations to specifications and estimation techniques. We present and discuss the findings in increasing magnitude of significance so as to ease comparative readability. We also discuss how specificities in the modelling techniques are relevant for targeting growth quality. The results are timely and relevant for the post-2015 inclusive and sustainable development agenda.}, keywords = {Quality of growth; Development}, pubstate = {published}, tppubtype = {unpublished} } This study explores a new dataset in order to present the comparative determinants of growth quality in 93 developing countries for the period 1990-2011. We employ both cross-sectional and panel estimation techniques with contemporary and non-contemporary specifications. The determinants are quite heterogeneous in significance and magnitude with substantial inclinations to specifications and estimation techniques. We present and discuss the findings in increasing magnitude of significance so as to ease comparative readability. We also discuss how specificities in the modelling techniques are relevant for targeting growth quality. The results are timely and relevant for the post-2015 inclusive and sustainable development agenda. |
| 475. | Asongu, Antonio Andrés Voxi Amavilah Simplice R A 2017. Abstract | Links | BibTeX | Tags: Africa, Globalization; peace and stability; Governance; knowledge economy @unpublished{Asongu_472, author = {Antonio Andrés R Voxi Amavilah Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Globalization-peace-and-stability-governance-and-knowledge.pdf}, year = {2017}, date = {2017-04-20}, abstract = {We argue that there exists an indirect link between globalization and the knowledge economy of African countries in which globalization influences ‘peace and stability’ and peace and stability affects governance, and through governance the knowledge economy. We model the link as a three-stage process in four testable hypotheses, which permits an empirical analysis without sacrificing economic relevance for statistical significance. The results indicate that the impacts on governance of peace and stability from globalization defined as trade are stronger than those of peace and stability resulting from globalization taken to be foreign direct investment. We conclude that foreign direct investment is not a powerful mechanism for stimulating and sustaining the African knowledge. However, since the effects of globalization on peace and stability can influence governance both positively and negatively, we also conclude that the prospect for the knowledge economy in African countries may be realistic and attainable, as long as these countries continue to engage in the kind of globalization that enhances peace and stability.}, keywords = {Africa, Globalization; peace and stability; Governance; knowledge economy}, pubstate = {published}, tppubtype = {unpublished} } We argue that there exists an indirect link between globalization and the knowledge economy of African countries in which globalization influences ‘peace and stability’ and peace and stability affects governance, and through governance the knowledge economy. We model the link as a three-stage process in four testable hypotheses, which permits an empirical analysis without sacrificing economic relevance for statistical significance. The results indicate that the impacts on governance of peace and stability from globalization defined as trade are stronger than those of peace and stability resulting from globalization taken to be foreign direct investment. We conclude that foreign direct investment is not a powerful mechanism for stimulating and sustaining the African knowledge. However, since the effects of globalization on peace and stability can influence governance both positively and negatively, we also conclude that the prospect for the knowledge economy in African countries may be realistic and attainable, as long as these countries continue to engage in the kind of globalization that enhances peace and stability. |
| 476. | Asongu, John Anyanwu & Vanessa Tchamyou Simplice C S A 2017. Abstract | Links | BibTeX | Tags: Information Sharing; Financial Development; Quantile regression @unpublished{Asongu_473, author = {John Anyanwu & Vanessa Tchamyou C S Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Technology.driven.information.sharing.and.conditional.financial.development.pdf}, year = {2017}, date = {2017-04-13}, abstract = {Information technology is increasingly facilitating mechanisms by which information asymmetry between lenders and borrowers in the financial sector can be reduced in order to enhance financial access for human and economic development in developing countries. We examine conditional financial development from ICT-driven information sharing in 53 African countries for the period 2004-2011, using contemporary and non-contemporary quantile regressions. ICT is measured with mobile phone penetration and internet penetration whereas information sharing offices are public credit registries and private credit bureaus. The following findings are established. First, there are positive effects with positive thresholds from ICT-driven information sharing on financial depth (money supply and liquid liabilities) and financial activity (at banking and financial system levels). Second, for financial intermediation efficiency, the positive effects from mobile-driven information sharing are apparent exclusively in certain levels of financial efficiency. Third, with regard to financial size, mobile-driven information sharing is positive with a negative threshold, whereas, internet-driven information sharing is positive exclusively among countries in the bottom half of financial size. Positive thresholds are defined as decreasing negative or increasing positive estimated effects from information sharing offices and vice-versa for negative thresholds. Policy implications are discussed.}, keywords = {Information Sharing; Financial Development; Quantile regression}, pubstate = {published}, tppubtype = {unpublished} } Information technology is increasingly facilitating mechanisms by which information asymmetry between lenders and borrowers in the financial sector can be reduced in order to enhance financial access for human and economic development in developing countries. We examine conditional financial development from ICT-driven information sharing in 53 African countries for the period 2004-2011, using contemporary and non-contemporary quantile regressions. ICT is measured with mobile phone penetration and internet penetration whereas information sharing offices are public credit registries and private credit bureaus. The following findings are established. First, there are positive effects with positive thresholds from ICT-driven information sharing on financial depth (money supply and liquid liabilities) and financial activity (at banking and financial system levels). Second, for financial intermediation efficiency, the positive effects from mobile-driven information sharing are apparent exclusively in certain levels of financial efficiency. Third, with regard to financial size, mobile-driven information sharing is positive with a negative threshold, whereas, internet-driven information sharing is positive exclusively among countries in the bottom half of financial size. Positive thresholds are defined as decreasing negative or increasing positive estimated effects from information sharing offices and vice-versa for negative thresholds. Policy implications are discussed. |
| 477. | Asongu, Ndemaze Asongu Simplice 2017. Abstract | Links | BibTeX | Tags: Inequality, Mobile money services, Poverty, quality of growth @unpublished{Asongu_474, author = {Ndemaze Asongu Simplice Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-comparative-exploration-of-mobile-money-services-in-inclusive-development.pdf}, year = {2017}, date = {2017-04-13}, abstract = {Purpose- We respond to some challenges in the transition to Sustainable Development Goals by examining the correlations between mobile and inclusive development (quality of growth, poverty and inequality) in 93 developing countries for the year 2011. Design/methodology/approach- Mobile money service entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. Interactive Ordinary Least Squares are employed. Findings- The following findings are established. First, increasing use of the mobile phones to pay bills: is positively linked to ‘quality of growth’ in lower-middle income countries (LMIC) and negatively correlated with inequality in Latin American countries (LA). Second, growing use of mobile phones to send/receive money is negatively associated with poverty in Asia and Pacific (AP) and Central and Eastern Europe (CEE). Originality/value- Macroeconomic data on mobile money service is scarce. No study to the best of our knowledge has used this macroeconomic mobile money service data before.}, keywords = {Inequality, Mobile money services, Poverty, quality of growth}, pubstate = {published}, tppubtype = {unpublished} } Purpose- We respond to some challenges in the transition to Sustainable Development Goals by examining the correlations between mobile and inclusive development (quality of growth, poverty and inequality) in 93 developing countries for the year 2011. Design/methodology/approach- Mobile money service entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. Interactive Ordinary Least Squares are employed. Findings- The following findings are established. First, increasing use of the mobile phones to pay bills: is positively linked to ‘quality of growth’ in lower-middle income countries (LMIC) and negatively correlated with inequality in Latin American countries (LA). Second, growing use of mobile phones to send/receive money is negatively associated with poverty in Asia and Pacific (AP) and Central and Eastern Europe (CEE). Originality/value- Macroeconomic data on mobile money service is scarce. No study to the best of our knowledge has used this macroeconomic mobile money service data before. |
| 478. | Kodila-Tedika, Simplice Asongu & Oasis International Journal of Development Issues, 16 (1), pp. 2-24, 2017. Abstract | Links | BibTeX | Tags: Development, Foreign aid, terrorism, Trade Openness @article{Asongu_475, author = {Simplice Asongu & Oasis Kodila-Tedika}, url = {http://www.emeraldinsight.com/doi/abs/10.1108/IJDI-08-2016-0046}, doi = {10.1108/IJDI-08-2016-0046}, year = {2017}, date = {2017-04-05}, journal = {International Journal of Development Issues}, volume = {16}, number = {1}, pages = {2-24}, abstract = {Purpose This paper aims to assess the role of foreign aid in reducing the hypothetically negative impact of terrorism on trade using a panel of 78 developing countries with data for the period 1984-2008. Design/methodology/approach The empirical evidence is based on interactive generalised method of moment estimations with forward orthogonal deviations. Bilateral, multilateral and total aid dynamics are used, whereas terrorism entails domestic, transnational, unclear and total terrorism dynamics. Findings The following findings have been established. First, while bilateral aid has no significant effect on trade, multilateral aid and total aid have positive impacts. Second total terrorism, domestic terrorism and transnational terrorism increase trade with increasing order of magnitude. Third, corresponding negative marginal effects on the interaction between foreign aid (bilateral and total) and terrorism display thresholds that are within range. Fourth, there is scant evidence of positive net effects. Overall, the findings broadly indicate that foreign aid is a necessary but not a sufficient policy tool for completely dampening the effects of terrorism on trade. Originality/value There is a growing policy interest in the relationship between terrorism and international development outcomes.}, keywords = {Development, Foreign aid, terrorism, Trade Openness}, pubstate = {published}, tppubtype = {article} } Purpose This paper aims to assess the role of foreign aid in reducing the hypothetically negative impact of terrorism on trade using a panel of 78 developing countries with data for the period 1984-2008. Design/methodology/approach The empirical evidence is based on interactive generalised method of moment estimations with forward orthogonal deviations. Bilateral, multilateral and total aid dynamics are used, whereas terrorism entails domestic, transnational, unclear and total terrorism dynamics. Findings The following findings have been established. First, while bilateral aid has no significant effect on trade, multilateral aid and total aid have positive impacts. Second total terrorism, domestic terrorism and transnational terrorism increase trade with increasing order of magnitude. Third, corresponding negative marginal effects on the interaction between foreign aid (bilateral and total) and terrorism display thresholds that are within range. Fourth, there is scant evidence of positive net effects. Overall, the findings broadly indicate that foreign aid is a necessary but not a sufficient policy tool for completely dampening the effects of terrorism on trade. Originality/value There is a growing policy interest in the relationship between terrorism and international development outcomes. |
| 479. | A, Nwachukwu Asongu J C S Journal of the Knowledge Economy, 2017. Abstract | Links | BibTeX | Tags: Allocation efficiency; Financial sector development; ICT @article{Asongu_476, author = {Nwachukwu J C Asongu S. A}, url = {https://link.springer.com/article/10.1007/s13132-017-0477-x}, doi = {10.1007/s13132-017-0477-x}, year = {2017}, date = {2017-03-21}, journal = {Journal of the Knowledge Economy}, abstract = {This study assesses the role of ICT (internet and mobile phone penetration) in complementing financial sector development (financial formalization and informalization) for financial access. The empirical evidence is based on generalized method of moments with 53 African countries for the period 2004–2011. The following findings are established from linkages between ICT, financial sector development and financial activity. First, the interaction between ICT and financial formalization (informalization) decreases (increases) financial activity. Second, with regard to net effects, the expected signs are established for the most part. In spite of the negative marginal effects from financial informalization, the overall net effects are positive. Third, the potentially appealing interaction between ICT and informalization produces positive thresholds that are within ranges. Policy implications are discussed in three main strands. They include implications for (i) mobile/internet banking, (ii) a quiet life and (iii) ICT in reducing information asymmetry and surplus liquidity.}, keywords = {Allocation efficiency; Financial sector development; ICT}, pubstate = {published}, tppubtype = {article} } This study assesses the role of ICT (internet and mobile phone penetration) in complementing financial sector development (financial formalization and informalization) for financial access. The empirical evidence is based on generalized method of moments with 53 African countries for the period 2004–2011. The following findings are established from linkages between ICT, financial sector development and financial activity. First, the interaction between ICT and financial formalization (informalization) decreases (increases) financial activity. Second, with regard to net effects, the expected signs are established for the most part. In spite of the negative marginal effects from financial informalization, the overall net effects are positive. Third, the potentially appealing interaction between ICT and informalization produces positive thresholds that are within ranges. Policy implications are discussed in three main strands. They include implications for (i) mobile/internet banking, (ii) a quiet life and (iii) ICT in reducing information asymmetry and surplus liquidity. |
| 480. | Asongu, Oasis Kodila-Tedika Simplice A International Feminist Journal of Politics, 2017. Abstract | Links | BibTeX | Tags: Gender; female politicians; institutions; Africa; Liberia; Ellen J. Sirleaf @article{Asongu_477, author = {Oasis Kodila-Tedika Simplice A. Asongu}, url = {http://www.tandfonline.com/eprint/Et8u8PkZFCHxyKti4k7v/full}, doi = {10.1080/14616742.2016.1276402}, year = {2017}, date = {2017-03-20}, journal = {International Feminist Journal of Politics}, abstract = {Do women really improve conditions for gender equality after becoming heads of states? This study investigates if having a woman at the helm of country’s decision making processes leads to better indicators on women’s conditions. Using time series observations for the period 2000–11, we test the hypothesis with the Liberian experience. We analyse six main gender indicators: gender equality, equality of representation in rural areas (basic community), economic rights of women,participation of women in active life, political rights of women and legislations for the protection of women against violence. Our findings do not show substantially significant changes between the first mandate of Ellen Johnson Sirleaf and the period before. In essence, we only notice positive and statistical ruptures for equality of representation in rural areas and the economic rights of women. Policy implications are discussed.}, keywords = {Gender; female politicians; institutions; Africa; Liberia; Ellen J. Sirleaf}, pubstate = {published}, tppubtype = {article} } Do women really improve conditions for gender equality after becoming heads of states? This study investigates if having a woman at the helm of country’s decision making processes leads to better indicators on women’s conditions. Using time series observations for the period 2000–11, we test the hypothesis with the Liberian experience. We analyse six main gender indicators: gender equality, equality of representation in rural areas (basic community), economic rights of women,participation of women in active life, political rights of women and legislations for the protection of women against violence. Our findings do not show substantially significant changes between the first mandate of Ellen Johnson Sirleaf and the period before. In essence, we only notice positive and statistical ruptures for equality of representation in rural areas and the economic rights of women. Policy implications are discussed. |
