AGDI currently has about 300 publications.
2017 |
|
1. | A., & Nwachuwku Asongu J C S Multinational Business Review, 2017. Abstract | Links | BibTeX | Tags: Exports; Foreign Aid; Terrorism; Natural Resources; Development @article{Asongu_421, author = {& Nwachuwku J C Asongu S. A.}, url = {http://www.emeraldinsight.com/doi/pdfplus/10.1108/MBR-03-2017-0013}, doi = {10.1108/MBR-03-2017-0013}, year = {2017}, date = {2017-09-21}, journal = {Multinational Business Review}, abstract = {Purpose This study employs interactive quantile regressions to assess the conditional role of foreign aid in reducing the potentially negative effect of terrorism on fuel exports in 78 developing counties for the period 1984-2008. Design/methodology/approach Bilateral and multilateral aid indicators are used whereas terrorism includes: domestic, transnational, unclear and total terrorism dynamics. Interactive quantile regressions are used. Findings First, with the exception of unclear terrorism, bilateral aid can be used to mitigate the potentially negative effect of terrorism on fuel exports in bottom quintiles of the fuel export distribution. Second, multilateral aid can be used to reduce the negative effect of transnational terrorism on fuel exports exclusively in the highest (90th) quintile of fuel exports. The corresponding modifying thresholds are within policy ranges disclosed in the summary statistics. Practical implications While the policy instrument of bilateral aid is most relevant in countries with below-median fuel exports, the policy instrument of multilateral aid is effective with respect to transnational terrorism in countries with the highest levels of fuel exports. Originality/value This study contributes to the literature on the role of external flows in reducing the negative externalities of terrorism on development outcomes.}, keywords = {Exports; Foreign Aid; Terrorism; Natural Resources; Development}, pubstate = {published}, tppubtype = {article} } Purpose This study employs interactive quantile regressions to assess the conditional role of foreign aid in reducing the potentially negative effect of terrorism on fuel exports in 78 developing counties for the period 1984-2008. Design/methodology/approach Bilateral and multilateral aid indicators are used whereas terrorism includes: domestic, transnational, unclear and total terrorism dynamics. Interactive quantile regressions are used. Findings First, with the exception of unclear terrorism, bilateral aid can be used to mitigate the potentially negative effect of terrorism on fuel exports in bottom quintiles of the fuel export distribution. Second, multilateral aid can be used to reduce the negative effect of transnational terrorism on fuel exports exclusively in the highest (90th) quintile of fuel exports. The corresponding modifying thresholds are within policy ranges disclosed in the summary statistics. Practical implications While the policy instrument of bilateral aid is most relevant in countries with below-median fuel exports, the policy instrument of multilateral aid is effective with respect to transnational terrorism in countries with the highest levels of fuel exports. Originality/value This study contributes to the literature on the role of external flows in reducing the negative externalities of terrorism on development outcomes. |
2. | Asongu, Jacinta Nwachukwu Simplice C A 2017. Abstract | Links | BibTeX | Tags: Exports; Foreign Aid; Terrorism; Natural Resources; Development @unpublished{Asongu_500, author = {Jacinta Nwachukwu C Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Fuel-Exports-Aid-and-Terrorism.pdf}, year = {2017}, date = {2017-01-12}, abstract = {This study employs interactive quantile regressions to assess the conditional role of foreign aid in reducing the potentially negative effect of terrorism on fuel exports in 78 developing countries for the period 1984-2008. Bilateral and multilateral aid indicators are used whereas terrorism includes: domestic, transnational, unclear and total terrorism dynamics. Interactive quantile regressions are used. The following findings are established. First, the effects of terrorism are both positive and negative across quantiles and specifications, with the impact most apparent in the highest and lowest quantiles. Second, while bilateral aid consistently decreases (increases) fuel exports at the top (bottom) quantiles, multilateral aid regularly decreases fuel exports in the top quantiles. Third, for negative thresholds in the 50th quartile and 90th decile, interaction effects between bilateral aid and terrorism dynamics are overwhelmingly not significant. Conversely, for transnational terrorism, the interaction effects between multilateral aid and terrorism dynamics significantly have negative thresholds. The hypothesis of a positive threshold is only confirmed for transnational terrorism and multilateral aid at the 90th decile. Justifications for unexpected signs and implications for fuel export policy and the management of multinational companies are discussed. This study contributes to the literature on the role of external flows in reducing the negative externalities of terrorism on development outcomes.}, keywords = {Exports; Foreign Aid; Terrorism; Natural Resources; Development}, pubstate = {published}, tppubtype = {unpublished} } This study employs interactive quantile regressions to assess the conditional role of foreign aid in reducing the potentially negative effect of terrorism on fuel exports in 78 developing countries for the period 1984-2008. Bilateral and multilateral aid indicators are used whereas terrorism includes: domestic, transnational, unclear and total terrorism dynamics. Interactive quantile regressions are used. The following findings are established. First, the effects of terrorism are both positive and negative across quantiles and specifications, with the impact most apparent in the highest and lowest quantiles. Second, while bilateral aid consistently decreases (increases) fuel exports at the top (bottom) quantiles, multilateral aid regularly decreases fuel exports in the top quantiles. Third, for negative thresholds in the 50th quartile and 90th decile, interaction effects between bilateral aid and terrorism dynamics are overwhelmingly not significant. Conversely, for transnational terrorism, the interaction effects between multilateral aid and terrorism dynamics significantly have negative thresholds. The hypothesis of a positive threshold is only confirmed for transnational terrorism and multilateral aid at the 90th decile. Justifications for unexpected signs and implications for fuel export policy and the management of multinational companies are discussed. This study contributes to the literature on the role of external flows in reducing the negative externalities of terrorism on development outcomes. |