AGDI currently has about 300 publications.
2019 |
|
| 1. | Eregha, Arcade Ndoricimpa Perekunah B 2019. Abstract | Links | BibTeX | Tags: inflation, Output, uncertainty @unpublished{Asongu_171, author = {Arcade Ndoricimpa Perekunah B. Eregha}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inflation-Output-Growth-and-their-Uncertainties-in-Nigeria.pdf}, year = {2019}, date = {2019-09-27}, abstract = {The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation, supporting the Cukierman and Meltzer (1986) hypothesis. In addition, uncertainty about inflation is found to be detrimental to output growth, supporting the Friedman’s (1977) hypothesis of a negative effect of inflation uncertainty on output growth. Uncertainty about growth does not have a significant effect on both the levels of inflation and output growth. The evidence in this study suggests that Nigeria should put in place policies minimizing inflation uncertainty to avoid its adverse effects on the economy. In addition, the independence relationship between output growth and its uncertainty in Nigeria suggest that they can be treated separately as suggested by business cycle models.}, keywords = {inflation, Output, uncertainty}, pubstate = {published}, tppubtype = {unpublished} } The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation, supporting the Cukierman and Meltzer (1986) hypothesis. In addition, uncertainty about inflation is found to be detrimental to output growth, supporting the Friedman’s (1977) hypothesis of a negative effect of inflation uncertainty on output growth. Uncertainty about growth does not have a significant effect on both the levels of inflation and output growth. The evidence in this study suggests that Nigeria should put in place policies minimizing inflation uncertainty to avoid its adverse effects on the economy. In addition, the independence relationship between output growth and its uncertainty in Nigeria suggest that they can be treated separately as suggested by business cycle models. |
| 2. | le Roux, Simplice Asongu Ibrahim Raheem Sara A D 2019. Abstract | Links | BibTeX | Tags: Asymmetry, Capital flows, uncertainty @unpublished{Asongu_192, author = {Simplice Asongu A Ibrahim D. Raheem Sara le Roux}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Role-of-Asymmetry-and-Uncertainties-in-the-Capital-Flows-Economic-Growth-Nexus.pdf}, year = {2019}, date = {2019-08-24}, abstract = {This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and institutional. The Generalised Method of Moments is used as an empirical strategy. The existence of an asymmetry is confirmed by the findings as capital flows are more reactive to economic drag when compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital flows and proxies for uncertainty.}, keywords = {Asymmetry, Capital flows, uncertainty}, pubstate = {published}, tppubtype = {unpublished} } This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and institutional. The Generalised Method of Moments is used as an empirical strategy. The existence of an asymmetry is confirmed by the findings as capital flows are more reactive to economic drag when compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital flows and proxies for uncertainty. |
2017 |
|
| 3. | A, Nwachukwu Asongu J C S Journal of Economic Issues, 51 (1), pp. 201-221, 2017. Abstract | Links | BibTeX | Tags: Africa, Development, Foreign aid, political rights, uncertainty @article{Asongu_486, author = {Nwachukwu J C Asongu S. A}, url = {http://www.tandfonline.com/doi/full/10.1080/00213624.2017.1287510}, doi = {10.1080/00213624.2017.1287510}, year = {2017}, date = {2017-03-08}, journal = {Journal of Economic Issues}, volume = {51}, number = {1}, pages = {201-221}, abstract = {This article complements existing literature on the aid-institutions nexus by focusing on political rights, aid volatilities, and the post-Berlin Wall period. Our findings show that, while foreign aid does not have a significant effect on political rights, foreign aid volatilities do mitigate democracy in recipient countries. Such volatilities could be used by populist parties to promote a neocolonial agenda, instill nationalistic sentiments, and consolidate their grip on power. This is especially true when donors are asking for standards that the majority of the population in control does not want and political leaders are unwilling to implement them. Our empirical evidence is based on 53 African countries for the period from 1996 to 2010. As a main policy implication, creating uncertainties in foreign aid for political rights enhancement in African countries may achieve the opposite results. We also discuss other implications, including the need for an “After-Washington” Consensus.}, keywords = {Africa, Development, Foreign aid, political rights, uncertainty}, pubstate = {published}, tppubtype = {article} } This article complements existing literature on the aid-institutions nexus by focusing on political rights, aid volatilities, and the post-Berlin Wall period. Our findings show that, while foreign aid does not have a significant effect on political rights, foreign aid volatilities do mitigate democracy in recipient countries. Such volatilities could be used by populist parties to promote a neocolonial agenda, instill nationalistic sentiments, and consolidate their grip on power. This is especially true when donors are asking for standards that the majority of the population in control does not want and political leaders are unwilling to implement them. Our empirical evidence is based on 53 African countries for the period from 1996 to 2010. As a main policy implication, creating uncertainties in foreign aid for political rights enhancement in African countries may achieve the opposite results. We also discuss other implications, including the need for an “After-Washington” Consensus. |
