PUBLICATIONS

@unpublished{Asongu_458,
author = {Jacinta Nwachukwu C Simplice A. Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/At-What-Levels-of-Financial-Development-Does-Information-Sharing-Matter.pdf},
year = {2017},
date = {2017-06-03},
abstract = {The purpose of this study is to investigate how increasing information sharing bureaus affect financial access. For this reason, we have employed contemporary and non-contemporary interactive Quantile Regressions in 53 African countries for the period 2004-2011. Information sharing bureaus are proxied with public credit registries and private credit offices. Financial development dynamics involving depth (at overall economic and financial system levels), efficiency (at banking and financial system levels), activity (from banking and financial system perspectives) and size are used. Two key findings are established. First, the effect of increasing private credit bureaus is not clearly noticeable on financial access, probably because private credit agencies are still to be established in many countries. Second, increasing public credit registries improves financial allocation efficiency and activity (or credit) between the 25th and 75th quartiles for the most part. As a main policy implication, countries in the top (or highest levels of financial development) and bottom (or lowest levels of financial development) ends of the financial efficiency and activity distributions are unlikely to benefit from enhanced financial allocation efficiency owing to increasing public credit registries.},
keywords = {Information Sharing; Financial Development; Quantile regression},
pubstate = {published},
tppubtype = {unpublished}
}

@unpublished{Asongu_459,
author = {Jacinta Nwachukwu C Simplice A. Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-impact-of-terrorism-on-governance-in-Africa.pdf},
year = {2017},
date = {2017-06-03},
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 = {unpublished}
}

@unpublished{Asongu_460,
author = {Simplice Asongu A Oludele E. Folarin},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Financial-liberalization-and-long-run-stability-of-money-demand-in-Nigeria.pdf},
year = {2017},
date = {2017-06-03},
abstract = {A stable money demand function is essential when using monetary aggregate as a monetary policy. Thus, there is need to examine the stability of the money demand function in Nigeria after the deregulation of the financial sector. To achieve this, the study employed CUSUM (cumulative sum) and CUSUMSQ (CUSUM squared) tests after using autoregressive distributive lag bounds test to determine the existence of a long run relationship between monetary aggregate and its determinant. Results of the study show that a long-run relationship holds and that the demand for money is stable in Nigeria. In addition, the inflation rate is found to be a better proxy for an opportunity variable when compared to interest rate. The main implication of the study is that interest rate is ineffective as a monetary policy instrument in Nigeria.},
keywords = {Stable; demand for money; bounds test},
pubstate = {published},
tppubtype = {unpublished}
}

@unpublished{Asongu_463,
author = {Simplice Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/ICT-Openness-and-CO2-emissions-in-Africa.pdf},
year = {2017},
date = {2017-05-20},
abstract = {This study investigates how information and communication technology (ICT) complements globalisation in order to influence CO2 emissions in 44 Sub-Saharan African countries over the period 2000-2012. ICT is measured with internet penetration and mobile phone penetration whereas globalisation is designated in terms of trade and financial openness. The empirical evidence is based on the Generalised Method of Moments. The findings broadly show that ICT can be employed to dampen the potentially negative effect of globalisation on environmental degradation like CO2 emissions. Practical, policy and theoretical implications are discussed.},
keywords = {CO2 emissions; ICT; Economic development; Africa},
pubstate = {published},
tppubtype = {unpublished}
}

@unpublished{Asongu_464,
author = {Simplice Asongu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Persistence-in-Incarcerations.Global-Comparative-Evidence.pdf},
year = {2017},
date = {2017-05-20},
abstract = {Purpose - The purpose of this study is to assess how incarcerations persist across the world. The focus is on 163 countries for the period 2010 to 2015. Design/methodology/approach - The empirical evidence is based on Generalised Method of Moments. In order to increase room for policy implications, the dataset is decomposed into sub-samples based on income levels, religious domination, openness to the sea, regional proximity and legal origins. Findings - The following main findings are established. Incarcerations are more persistent in low income, Christian-protestant and Latin American countries while comparative evidence is not feasible on the basis of landlockedness and legal origins owing to unfavorable post-estimation diagnostic tests. Justifications for the comparative advantages and relevance of findings to theory-building in public economics are discussed. Practical implications - First, income levels matter in the persistence of incarcerations because low income nations vis-à-vis their high income counterparts, have less financial resources with which to prevent and deal with events like terrorism, political instability and violence that lead to incarcerations. Second, the intuition for religious domination builds on the fact that liberal societies can be more associated with incarcerations compared to conservative societies. The main theoretical contribution of this study to the literature is that we have built on empirical validity to provide theoretical justification as to why categorizing countries on the basis of selected fundamental characteristics determine cross-country variations in incarcerations. Such evidence is important for theory-building in public economics. Originality/value- It is important for policy makers to understand the persistence of incarcerations across nations because resources could be allocated to regions and countries, contingent on the relative importance of future incarceration tendencies.},
keywords = {Incarcerations; Global evidence; Persistence; GMM; Convergence},
pubstate = {published},
tppubtype = {unpublished}
}