AGDI a environ 300 publications actuellement.
2020 |
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1. | S.A., Nnanna Acha-Anyi Asongu J P N 2020. Abstract | Links | BibTeX | Tags: Africa, FDI, Output @unpublished{Asongup, author = {Nnanna Acha-Anyi J P N Asongu S.A.}, url = {https://doi.org/10.1080/08853908.2020.1805376}, doi = {10.1080/08853908.2020.1805376}, year = {2020}, date = {2020-10-03}, abstract = {This study investigates the simultaneous openness hypothesis by assessing the importance of trade openness in modulating the effect of foreign direct investment (FDI) on the economic dynamics of gross domestic product (GDP) growth, real GDP, and GDP per capita. The focus of the study is on 25 countries in Sub-Saharan Africa over the period spanning from 1980 to 2014. Trade imports modulate FDI to induce net positive effects on GDP growth and GDP per capita. Trade exports moderate FDI to generate overall positive impacts on GDP growth, real GDP, and GDP per capita. Implications of the study are discussed.}, keywords = {Africa, FDI, Output}, pubstate = {published}, tppubtype = {unpublished} } This study investigates the simultaneous openness hypothesis by assessing the importance of trade openness in modulating the effect of foreign direct investment (FDI) on the economic dynamics of gross domestic product (GDP) growth, real GDP, and GDP per capita. The focus of the study is on 25 countries in Sub-Saharan Africa over the period spanning from 1980 to 2014. Trade imports modulate FDI to induce net positive effects on GDP growth and GDP per capita. Trade exports moderate FDI to generate overall positive impacts on GDP growth, real GDP, and GDP per capita. Implications of the study are discussed. |
2. | Kuada, John 2020. Abstract | Links | BibTeX | Tags: Africa, Culture @unpublished{Asonguw, author = {John Kuada}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Culture-and-economic-development-in-Africa.pdf}, year = {2020}, date = {2020-09-08}, abstract = {This paper forwards the view that some aspects of African culture enhance economic development on the continent while other aspects tend to constrain development. By drawing on the extant literature on culture and development, the paper discusses the manner in which economic activities are organised in Sub-Saharan African countries and the impact of these processes on their overall development. We argue that insight into the development-constraining attributes of African culture will help policymakers and business people design policies and strategies that will improve the overall performance of African economies.}, keywords = {Africa, Culture}, pubstate = {published}, tppubtype = {unpublished} } This paper forwards the view that some aspects of African culture enhance economic development on the continent while other aspects tend to constrain development. By drawing on the extant literature on culture and development, the paper discusses the manner in which economic activities are organised in Sub-Saharan African countries and the impact of these processes on their overall development. We argue that insight into the development-constraining attributes of African culture will help policymakers and business people design policies and strategies that will improve the overall performance of African economies. |
3. | A., Folarin & Bekpe Asongu O E N S Journal of Economic Integration, 35 (3), pp. 457-478, 2020. Abstract | Links | BibTeX | Tags: Africa, Money demand @article{Asongu_28, author = {Folarin & Bekpe O E N Asongu S. A.}, url = {https://www.e-jei.org/journal/view.php?number=2013600224}, year = {2020}, date = {2020-08-31}, journal = {Journal of Economic Integration}, volume = {35}, number = {3}, pages = {457-478}, abstract = {This study investigates the stability of money in the proposed East African Monetary Union using annual data within 1981-2015 of five countries comprising the East African Community.A standard money demand function is designed and estimated using a bounds testing approach to cointegration and error correction modeling.Findings show that countries exhibit divergence that is articulated in terms of differences in cumulative sum (CUSUM) and CUSUM squared (CUSUMSQ) tests, short- and long-term determinants, and error correction during a shock.Based on the CUSUM and CUSUMSQ tests, results show that Burundi, Rwanda, and Tanzania have stable money demand, whereas the remaining countries, namely, Kenya and Uganda, have partial stability only.During a shock, Kenya is the fastest to restore its long-run equilibrium, followed by Tanzania and Burundi.}, keywords = {Africa, Money demand}, pubstate = {published}, tppubtype = {article} } This study investigates the stability of money in the proposed East African Monetary Union using annual data within 1981-2015 of five countries comprising the East African Community.A standard money demand function is designed and estimated using a bounds testing approach to cointegration and error correction modeling.Findings show that countries exhibit divergence that is articulated in terms of differences in cumulative sum (CUSUM) and CUSUM squared (CUSUMSQ) tests, short- and long-term determinants, and error correction during a shock.Based on the CUSUM and CUSUMSQ tests, results show that Burundi, Rwanda, and Tanzania have stable money demand, whereas the remaining countries, namely, Kenya and Uganda, have partial stability only.During a shock, Kenya is the fastest to restore its long-run equilibrium, followed by Tanzania and Burundi. |
4. | Alimi, Simplice Asongu Ibrahim Raheem Kazeem Ajide Olorunfemi A D B Y International Journal of Finance and Economics, 2020. Abstract | Links | BibTeX | Tags: Africa, Finance, Institutions @article{Asongu_30, author = {Simplice Asongu Ibrahim Raheem A D Kazeem B. Ajide Olorunfemi Y. Alimi}, url = {https://onlinelibrary.wiley.com/doi/10.1002/ijfe.2145}, doi = {10.1002/ijfe.2145}, year = {2020}, date = {2020-08-20}, journal = {International Journal of Finance and Economics}, abstract = {This paper investigates the role of institutional infrastructures in the financial inclusion‐growth nexus for a panel of 20 countries in sub‐Sahara Africa (SSA). Employing the System Generalized Method of Moments (GMM), the following insightful outcomes are established. First, while there is an unrestricted positive impact of physical access to ATMs and ICT measures of financial inclusion on SSA's growth, only the former was found significant. Second, the four institutional components via economic, political, institutional and general governances were also found to be growth‐spurring. Lastly, countries with low levels of real per capita income are catching=up with other countries with high levels of real income per capita. The empirical evidence of some negative net effects and insignificant marginal impacts are indications that imperfections in the financial markets are sometimes employed to the disadvantage of the poor. On the whole, we established positive effects on growth for the most part. The positive effects are evident because the governance indicators complement financial inclusion in reducing pecuniary constraints hindering credit access and allocation to the poor that deteriorate growth.}, keywords = {Africa, Finance, Institutions}, pubstate = {published}, tppubtype = {article} } This paper investigates the role of institutional infrastructures in the financial inclusion‐growth nexus for a panel of 20 countries in sub‐Sahara Africa (SSA). Employing the System Generalized Method of Moments (GMM), the following insightful outcomes are established. First, while there is an unrestricted positive impact of physical access to ATMs and ICT measures of financial inclusion on SSA's growth, only the former was found significant. Second, the four institutional components via economic, political, institutional and general governances were also found to be growth‐spurring. Lastly, countries with low levels of real per capita income are catching=up with other countries with high levels of real income per capita. The empirical evidence of some negative net effects and insignificant marginal impacts are indications that imperfections in the financial markets are sometimes employed to the disadvantage of the poor. On the whole, we established positive effects on growth for the most part. The positive effects are evident because the governance indicators complement financial inclusion in reducing pecuniary constraints hindering credit access and allocation to the poor that deteriorate growth. |
5. | Nnanna, Paul N.Acha-Anyi Simplice Asongu Joseph A Economic Analysis and Policy, 2020. Abstract | Links | BibTeX | Tags: Africa, Finance, Gender @article{Asongu_39, author = {Paul N.Acha-Anyi Simplice A. Asongu Joseph Nnanna}, url = {https://www.sciencedirect.com/science/article/abs/pii/S0313592620304008#!}, doi = {10.1016/j.eap.2020.07.006}, year = {2020}, date = {2020-07-22}, journal = {Economic Analysis and Policy}, abstract = {This research establishes inequality critical masses that should not be exceeded in order for financial access to promote gender parity inclusive education. The focus is on 42 countries in Sub-Saharan Africa and the data is for the period 2004-2014. The estimation approach is the Generalized Method of Moments. When remittances are involved in the conditioning information set: (i) the Palma ratio should not exceed 6.000 in order for financial access to promote gender parity inclusive “primary and secondary education” and (ii) the Atkinson index should not exceed 0.695 in order for financial access to promote inclusive tertiary education. However, when the internet is involved in the conditioning information set, it is established that in order for financial access to promote inclusive primary and secondary education, the: (i) Gini coefficient should not exceed 0.571; (ii) Atkinson index should not be above 0.750 and (iii) Palma ratio should be maintained below 8.000. Irrespective of variable in the conditioning information set, what is apparent is that inequality decreases the incidence of financial access on inclusive education. Hence, a common policy measure is to reduce inequality in order to promote inclusive education using the financial access mechanism. Policy implications are discussed in the light of Sustainable Development Goals.}, keywords = {Africa, Finance, Gender}, pubstate = {published}, tppubtype = {article} } This research establishes inequality critical masses that should not be exceeded in order for financial access to promote gender parity inclusive education. The focus is on 42 countries in Sub-Saharan Africa and the data is for the period 2004-2014. The estimation approach is the Generalized Method of Moments. When remittances are involved in the conditioning information set: (i) the Palma ratio should not exceed 6.000 in order for financial access to promote gender parity inclusive “primary and secondary education” and (ii) the Atkinson index should not exceed 0.695 in order for financial access to promote inclusive tertiary education. However, when the internet is involved in the conditioning information set, it is established that in order for financial access to promote inclusive primary and secondary education, the: (i) Gini coefficient should not exceed 0.571; (ii) Atkinson index should not be above 0.750 and (iii) Palma ratio should be maintained below 8.000. Irrespective of variable in the conditioning information set, what is apparent is that inequality decreases the incidence of financial access on inclusive education. Hence, a common policy measure is to reduce inequality in order to promote inclusive education using the financial access mechanism. Policy implications are discussed in the light of Sustainable Development Goals. |
6. | Diop, Simplice Asongu Samba A 2020. Abstract | Links | BibTeX | Tags: Africa, Coronavirus, pandemic, Poverty @unpublished{Asongu_54, author = {Simplice Asongu A Samba Diop}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Covid-19-Pandemic-and-the-New-Poor-in-Africa.pdf}, year = {2020}, date = {2020-06-27}, abstract = {This study assesses the incidence of the Covid-19 pandemic on poverty levels in 50 African countries by employing the PovcalNet computational tool for poverty monitoring. The empirical evidence is based on: (i) Pre Covid-19 macroeconomic projections of October 2019 and revised macroeconomic projections of April 2020 and (ii) three poverty thresholds, notably, US$1.90, US$3.20, and US$5.50 per day for the extreme, middle and higher poverty lines. The following main findings are established. First, the extreme poverty line of US$1.90 per day has increased by US$0.1 per day while the middle poverty line and the higher line have increased by US0.19$ and US0.32$, respectively. Second, the poverty headcount has increased to 35.85% for the US1.90$ poverty line, 57.55% for the US3.20$ per day poverty line and 76.42% for the higher poverty line (US5.5$ per day). Third, the corresponding additional percentage points in poverty headcount ratio are: (i) an increase of 2.09% for the poverty thresholds of US1.90$ per day and US3.2$ per day, corresponding to 28, 140, 345 and 26, 418, 200 million, respectively of the new poor in absolute terms and (ii) a boost of 1.78% for the higher poverty line of US5.5$ per day, corresponding to 19, 062, 643 million of the new poor. Fourth, country-specific tendencies are also provided for more targeted policy implications.}, keywords = {Africa, Coronavirus, pandemic, Poverty}, pubstate = {published}, tppubtype = {unpublished} } This study assesses the incidence of the Covid-19 pandemic on poverty levels in 50 African countries by employing the PovcalNet computational tool for poverty monitoring. The empirical evidence is based on: (i) Pre Covid-19 macroeconomic projections of October 2019 and revised macroeconomic projections of April 2020 and (ii) three poverty thresholds, notably, US$1.90, US$3.20, and US$5.50 per day for the extreme, middle and higher poverty lines. The following main findings are established. First, the extreme poverty line of US$1.90 per day has increased by US$0.1 per day while the middle poverty line and the higher line have increased by US0.19$ and US0.32$, respectively. Second, the poverty headcount has increased to 35.85% for the US1.90$ poverty line, 57.55% for the US3.20$ per day poverty line and 76.42% for the higher poverty line (US5.5$ per day). Third, the corresponding additional percentage points in poverty headcount ratio are: (i) an increase of 2.09% for the poverty thresholds of US1.90$ per day and US3.2$ per day, corresponding to 28, 140, 345 and 26, 418, 200 million, respectively of the new poor in absolute terms and (ii) a boost of 1.78% for the higher poverty line of US5.5$ per day, corresponding to 19, 062, 643 million of the new poor. Fourth, country-specific tendencies are also provided for more targeted policy implications. |
7. | A., Uduji Okolo-Obasi Asongu J I E N S Financial Innovation, 6 (14), pp. 1-21, 2020. Abstract | Links | BibTeX | Tags: Africa, Capital flight @article{Asongu_102, author = {Uduji Okolo-Obasi J I E N Asongu S. A.}, url = {https://jfin-swufe.springeropen.com/articles/10.1186/s40854-020-00179-0}, doi = {10.1186/s40854-020-00179-0}, year = {2020}, date = {2020-02-18}, journal = {Financial Innovation}, volume = {6}, number = {14}, pages = {1-21}, abstract = {This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is sub-divided into fundamental characteristics of African capital flight based on income levels, legal foundations, natural resources, political stability, regional proximity, and religious domination. The main finding shows that from a projection date of 2010, a feasible timeframe for harmonizing policies is between 2016 and 2023. This timeframe coincides with the beginning of the post-2015 agenda on sustainable development goals.}, keywords = {Africa, Capital flight}, pubstate = {published}, tppubtype = {article} } This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is sub-divided into fundamental characteristics of African capital flight based on income levels, legal foundations, natural resources, political stability, regional proximity, and religious domination. The main finding shows that from a projection date of 2010, a feasible timeframe for harmonizing policies is between 2016 and 2023. This timeframe coincides with the beginning of the post-2015 agenda on sustainable development goals. |
2019 |
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8. | Asongu, Nicholas Odhiambo Simplice M A Telecommunications Policy, 2019. Abstract | Links | BibTeX | Tags: Africa, Gender, ICT, inclusive development @article{Asongu_144, author = {Nicholas Odhiambo M Simplice A. Asongu}, url = {https://www.sciencedirect.com/science/article/abs/pii/S0308596119302976}, doi = {10.1016/j.telpol.2019.101900}, year = {2019}, date = {2019-11-05}, journal = {Telecommunications Policy}, abstract = {The study assesses how ICT modulates the effect of inequality on female economic participation in a panel of 42 countries in sub-Saharan Africa over the period 2004–2014. Three inequality indicators are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. The adopted ICT indicators are mobile phone penetration, internet penetration and fixed broadband subscriptions. Three gender economic inclusion indicators are also used for the analysis, namely: female labour force participation, female unemployment and female employment. The Generalised Method of Moments is employed as empirical strategy. The findings show that enhancing ICT beyond certain thresholds is necessary for ICT to mitigate inequality in order to enhance gender economic participation. First, for female labour force participation, a minimum threshold of 165.714 mobile phone penetration per 100 people is required for the Palma ratio. Second, minimum ICT thresholds for the reduction of female unemployment are: (i) 87.783, 107.486 and 152.500 mobile phone penetration per 100 people for respectively, the Gini coefficient, the Atkinson index and the Palma ratio; (ii) 39.618 internet penetration per 100 people for the Atkinson index and (iii) 4.500 fixed broadband subscritptions for the Palma ratio. Third, the corresponding ICT thresholds for the promotion of female employment are: (i) 120.369 and 85.533 mobile phone penetration per 100 people for respectively, the Gini coefficient and the Atkinson index and (ii) 30.005 internet penetration per 100 people for the Gini coefficient. The established thresholds make economic sense and can be feasibly implemented by policy makers in order to induce favourable effects on gender economic inclusion dynamics.}, keywords = {Africa, Gender, ICT, inclusive development}, pubstate = {published}, tppubtype = {article} } The study assesses how ICT modulates the effect of inequality on female economic participation in a panel of 42 countries in sub-Saharan Africa over the period 2004–2014. Three inequality indicators are used, namely: the Gini coefficient, the Atkinson index and the Palma ratio. The adopted ICT indicators are mobile phone penetration, internet penetration and fixed broadband subscriptions. Three gender economic inclusion indicators are also used for the analysis, namely: female labour force participation, female unemployment and female employment. The Generalised Method of Moments is employed as empirical strategy. The findings show that enhancing ICT beyond certain thresholds is necessary for ICT to mitigate inequality in order to enhance gender economic participation. First, for female labour force participation, a minimum threshold of 165.714 mobile phone penetration per 100 people is required for the Palma ratio. Second, minimum ICT thresholds for the reduction of female unemployment are: (i) 87.783, 107.486 and 152.500 mobile phone penetration per 100 people for respectively, the Gini coefficient, the Atkinson index and the Palma ratio; (ii) 39.618 internet penetration per 100 people for the Atkinson index and (iii) 4.500 fixed broadband subscritptions for the Palma ratio. Third, the corresponding ICT thresholds for the promotion of female employment are: (i) 120.369 and 85.533 mobile phone penetration per 100 people for respectively, the Gini coefficient and the Atkinson index and (ii) 30.005 internet penetration per 100 people for the Gini coefficient. The established thresholds make economic sense and can be feasibly implemented by policy makers in order to induce favourable effects on gender economic inclusion dynamics. |
9. | Asongu, Simplice International Journal of Public Administration, 2019. Abstract | Links | BibTeX | Tags: Africa, Finance, Output @article{Asongu_177, author = {Simplice Asongu}, url = {https://www.tandfonline.com/doi/full/10.1080/01900692.2019.1664570}, doi = {10.1080/01900692.2019.1664570}, year = {2019}, date = {2019-09-16}, journal = {International Journal of Public Administration}, abstract = {The purpose of this study is to investigate whether enhancing financial access influences productivity in Sub-Saharan Africa. The research focuses on 25 countries in the region with data for the period 1980–2014. The adopted empirical strategy is the Generalised Method of Moments. The credit channel of financial access is considered and proxied by private domestic credit while four main total factor productivity (TFP) dynamics are adopted for the study, namely: TFP, real TFP, welfare TFP and real welfare TFP. It is apparent from the findings that enhancing financial access positively affects welfare TFP whereas the effect is not significant on TFP, real TFP and welfare TFP. Policy implications are discussed. The study complements the extant literature by engaging hitherto unemployed dynamics of TFP in Sub-Saharan Africa.}, keywords = {Africa, Finance, Output}, pubstate = {published}, tppubtype = {article} } The purpose of this study is to investigate whether enhancing financial access influences productivity in Sub-Saharan Africa. The research focuses on 25 countries in the region with data for the period 1980–2014. The adopted empirical strategy is the Generalised Method of Moments. The credit channel of financial access is considered and proxied by private domestic credit while four main total factor productivity (TFP) dynamics are adopted for the study, namely: TFP, real TFP, welfare TFP and real welfare TFP. It is apparent from the findings that enhancing financial access positively affects welfare TFP whereas the effect is not significant on TFP, real TFP and welfare TFP. Policy implications are discussed. The study complements the extant literature by engaging hitherto unemployed dynamics of TFP in Sub-Saharan Africa. |
10. | U., Beecroft Asongu Efobi I S Foreign Trade Review, 2019. Abstract | Links | BibTeX | Tags: Africa, Development, Foreign aid, Political economy @article{Asongu_207, author = {Beecroft Asongu I S Efobi U.}, url = {https://journals.sagepub.com/doi/abs/10.1177/0015732519851633}, doi = {10.1177/0015732519851633}, year = {2019}, date = {2019-07-20}, journal = {Foreign Trade Review}, abstract = {This study considers foreign aid flow by sector in which the aid is directed and then estimates its impact on corruption in order to clarify the specific direction of aid flow that triggers (or does not trigger) corrupt practices. Data are from the Organisation for Economic Co-operation and Development database, Freedom House dataset, and the World Bank Governance Indicators. The dynamic system GMM and quantile regressions (QR) were estimated for robust estimation and correction of endogeneity issues. We found that aid flows for the development of economic infrastructure, multi-sector and programme assistance were consistently reducing corruption. This result stands for both the entire sample and for the African countries (especially for countries at the 25th, 50th and 75th quintiles). Aid flows to social infrastructure and debt relief significantly induce corrupt practices in the sampled countries. These forms of aid only spur rent-seeking behaviour for countries at the lower quintiles of corruption. Two robust checks were estimated, including: (a) using an alternate explained variable—the corruption measure by Transparency International; and (b) correcting for endogeneity in the QR estimation by instrumenting the independent variables of interest with their first-lags. For both checks, the signs and significant values of the variables were consistent with the earlier estimation.}, keywords = {Africa, Development, Foreign aid, Political economy}, pubstate = {published}, tppubtype = {article} } This study considers foreign aid flow by sector in which the aid is directed and then estimates its impact on corruption in order to clarify the specific direction of aid flow that triggers (or does not trigger) corrupt practices. Data are from the Organisation for Economic Co-operation and Development database, Freedom House dataset, and the World Bank Governance Indicators. The dynamic system GMM and quantile regressions (QR) were estimated for robust estimation and correction of endogeneity issues. We found that aid flows for the development of economic infrastructure, multi-sector and programme assistance were consistently reducing corruption. This result stands for both the entire sample and for the African countries (especially for countries at the 25th, 50th and 75th quintiles). Aid flows to social infrastructure and debt relief significantly induce corrupt practices in the sampled countries. These forms of aid only spur rent-seeking behaviour for countries at the lower quintiles of corruption. Two robust checks were estimated, including: (a) using an alternate explained variable—the corruption measure by Transparency International; and (b) correcting for endogeneity in the QR estimation by instrumenting the independent variables of interest with their first-lags. For both checks, the signs and significant values of the variables were consistent with the earlier estimation. |