PUBLICATIONS

@article{Asongu_107,
author = {Nnanna & Acha-Anyi J P N Asongu S.A.},
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}
}

@article{Asongu_115,
author = {Ay Asongu Festus Victor Bekun A S A F V Onifade S. T.},
url = {https://onlinelibrary.wiley.com/doi/full/10.1002/pa.2053},
doi = {10.1002/pa.2053},
year = {2020},
date = {2020-01-16},
journal = {Journal of Public Affairs},
abstract = {The recent exacerbation of unemployment crisis in Nigeria stands to be a serious threat to both socio‐economic stability and progress of the country just as the report from the Bureau of Statistics shows that at least over 8.5 million people had no gainful employment at all as at the last quarter of the year 2017. It is on the above premise, that the present study explores the link between trade and unemployment for the case of Nigeria with the intention of exploring how the unemployment crisis has been impacted within the dynamics of the country's trade performance. The empirical evidence shows that the nation's terms of trade were insignificant to unemployment rate, while trade openness and domestic investment, on the other hand, have significant opposing impacts on unemployment in Nigeria over the period of the study. Further breakdowns from the empirical analysis also revealed that the Philips curves proposition is valid within the Nigerian economic context, while the evidences for the validity of Okun's law only exist in the short‐run scenario. Based on the empirical results, we recommend that concerted effort should be geared toward stimulating domestic investment by providing adequate financial and infrastructural facilities that will promote ease of doing business while utmost precautions are taken to ensure that unemployment crisis is not exacerbated when combating inflation in the economy in the wake of dynamic trade relations.},
keywords = {Nigeria, Trade, unemployment},
pubstate = {published},
tppubtype = {article}
}

@article{Asongu_251,
author = {Oasis Kodila-Tedika Simplice A. Asongu},
url = {https://journals.sagepub.com/eprint/zCjn56nxMztK73MZJPX8/full},
doi = {10.1177/0260107919829963},
year = {2019},
date = {2019-03-28},
journal = {Journal of Interdisciplinary Economics},
abstract = {This article examines the role of cognitive ability or intelligence on slave exports
from Africa. We test a hypothesis that countries which were endowed with
higher levels of cognitive ability were more likely to experience lower levels
of slave exports from Africa probably due to comparatively better capacities
to organize, co-operate, oversee and confront slave traders. The investigated
hypothesis is valid from alternative specifications involving varying conditioning
information sets. The findings are also robust to the control of outliers.},
keywords = {Africa, Intelligence, Slavery, Trade},
pubstate = {published},
tppubtype = {article}
}

@article{Asongu_714,
author = {Simplice Asongu A Michael Enowbi Batuo},
url = {http://dx.doi.org/10.1108/JES-05-2013-0065},
doi = {10.1108/JES-05-2013-0065},
year = {2014},
date = {2014-01-08},
journal = {Journal of Economic Studies},
volume = {42},
number = {1},
pages = {68 - 100},
abstract = {Purpose
– The purpose of this paper is to investigate the impact of liberalisations policies on income inequality in African countries. Examining whether the liberalisations policies have affected the income distribution of everyone equally or they only assist those who are already relatively well off; leaving the poor behind. The authors also examine how they affect income distribution in the various countries within the continent, and their effect on short and long runs?

Design/methodology/approach
– First, The authors used the before and after comparison, to examine the response of the level of income inequality and the volatility of income inequality from the time that financial or trade liberalisations took place in each country. Next, the authors used the panel data techniques model for a sample of 26 African countries spanning the period 1996-2010 to investigate the effect of liberalisation policies on income distribution.

Findings
– The authors find that financial liberalisation has a levitated income-redistributive effect with the magnitude of the de jure measure (KAOPEN) higher than that of the de facto measure (FDI); that exports, trade and “freedom to trade” have an equality incidence on income distribution; and that institutional and/or political liberalisation has a negative impact and; economic freedom has a negative income-redistributive effect, possibly because of the weight of its legal component.

Practical implications
– In general, this study provides a variegated picture, findings tend to suggest that overall the reforms have increased income inequality in African countries. It would be risky to prescribe a general policy because of the diversity of the country. However, African countries’ better performance can be attributed to a combination of policies. For example avoiding the Marco price mixture of real exchange rate appreciation and high domestic interest rates; having capital controls and prudential financial regulations which would enable them to contain the negative consequence of capital flows; putting a system in place to direct export between African countries and encouraging sub regional integration agreement. The government should put in place countervailing social policies in order to withstand social coherence and smooth the adverse transition of liberalisation policies.

Originality/value
– Three main elements of originality clearly standout: first, the estimation approach used in the paper considers both short- and long-run effects of in empirical strategy; second, an exhaustive plethora of liberalisation policies (trade, financial, political and institutional are considered); and third, recent data are used to appraise second generation reforms for more updated policy implications.},
keywords = {Africa, Income inequality, Income redistribution, Liberalization policies, Poverty, Trade},
pubstate = {published},
tppubtype = {article}
}