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 Abstract | Links | BibTeX | Tags: Africa, FDI, Output @unpublished{Asongup, author = {Nnanna Acha-Anyi J P N Asongu S.A.}, url = {https://doi.org/10.1080/08853908.2020.1805376}, doi = {10.1080/08853908.2020.1805376}, year =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 Implications of the study are discussed.}, keywords = {Africa, FDI, Output}, pubstate = {published}, tppubtype = {unpublished} } This study investigates the simultaneous openness hypothesis by assessing the importance of trade openness in modulating the effect of foreign direct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. | S.A., Nnanna & Acha-Anyi Asongu J P N Journal of Economic Structures, 9 (5), pp. 1-27, 2020. Abstract | Links | BibTeX | Tags: FDI, Sub-Saharan Africa, TFP, Trade @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} } 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. |
2019 |
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3. | A., Odhiambo Asongu N S European Journal of Government and Economics, 8 (2), pp. 161-188, 2019. Abstract | Links | BibTeX | Tags: emerging countries, FDI, governance @article{Asongu_129, author = {Odhiambo N Asongu S. A.}, url = {http://revistas.udc.es/index.php/ejge/article/view/ejge.2019.8.2.4970/4696}, year = {2019}, date = {2019-12-18}, journal = {European Journal of Government and Economics}, volume = {8}, number = {2}, pages = {161-188}, abstract = {The objective of this study is to assess governance drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. Our findings reveal the following: Firstly, for both contemporary and non-contemporary specifications, while the majority of our governance determinants of Gross FDI are significant, they are overwhelmingly insignificant for Net FDI. Secondly, the significance of the governance dynamics in increasing order of magnitude are general governance, political governance, economic governance, political stability, regulation quality and government effectiveness. Thirdly, for non-contemporary specifications, the significance of governance variables is as follows in ascending order of magnitude: economic governance, institutional governance, general governance, corruption-control, political governance and political stability. The importance of combining governance indicators is captured by the effects of political governance, economic governance and institutional governance. The results indicate that the simultaneous implementation of the various components of governance clarifies a country’s attractiveness for FDI location. Policy implications are discussed with particular emphasis on the timing of FDI and its targeting.}, keywords = {emerging countries, FDI, governance}, pubstate = {published}, tppubtype = {article} } The objective of this study is to assess governance drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. Our findings reveal the following: Firstly, for both contemporary and non-contemporary specifications, while the majority of our governance determinants of Gross FDI are significant, they are overwhelmingly insignificant for Net FDI. Secondly, the significance of the governance dynamics in increasing order of magnitude are general governance, political governance, economic governance, political stability, regulation quality and government effectiveness. Thirdly, for non-contemporary specifications, the significance of governance variables is as follows in ascending order of magnitude: economic governance, institutional governance, general governance, corruption-control, political governance and political stability. The importance of combining governance indicators is captured by the effects of political governance, economic governance and institutional governance. The results indicate that the simultaneous implementation of the various components of governance clarifies a country’s attractiveness for FDI location. Policy implications are discussed with particular emphasis on the timing of FDI and its targeting. |
4. | Asongu, Simplice A 2019. Abstract | Links | BibTeX | Tags: emerging countries, FDI, governance @unpublished{Asongu_178, author = {Simplice A Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/FDI-in-Selected-Developing-Countries-Evidence-from-Bundling-and-Unbundling-in-Governance.pdf}, year = {2019}, date = {2019-09-12}, abstract = {The objective of this study is to assess governance drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. Our findings reveal the following: Firstly, for both contemporary and non-contemporary specifications, while the majority of our governance determinants of Gross FDI are significant, they are overwhelmingly insignificant for Net FDI. Secondly, the significance of the governance dynamics in increasing order of magnitude are general governance, political governance, economic governance, political stability, regulation quality and government effectiveness. Thirdly, for non-contemporary specifications, the significance of governance variables is as follows in ascending order of magnitude: economic governance, institutional governance, general governance, corruption-control, political governance and political stability. The importance of combining governance indicators is captured by the effects of political governance, economic governance and institutional governance. The results indicate that the simultaneous implementation of the various components of governance clarifies a country’s attractiveness for FDI location. Policy implications are discussed with particular emphasis on the timing of FDI and its targeting.}, keywords = {emerging countries, FDI, governance}, pubstate = {published}, tppubtype = {unpublished} } The objective of this study is to assess governance drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. Our findings reveal the following: Firstly, for both contemporary and non-contemporary specifications, while the majority of our governance determinants of Gross FDI are significant, they are overwhelmingly insignificant for Net FDI. Secondly, the significance of the governance dynamics in increasing order of magnitude are general governance, political governance, economic governance, political stability, regulation quality and government effectiveness. Thirdly, for non-contemporary specifications, the significance of governance variables is as follows in ascending order of magnitude: economic governance, institutional governance, general governance, corruption-control, political governance and political stability. The importance of combining governance indicators is captured by the effects of political governance, economic governance and institutional governance. The results indicate that the simultaneous implementation of the various components of governance clarifies a country’s attractiveness for FDI location. Policy implications are discussed with particular emphasis on the timing of FDI and its targeting. |
5. | Uduji, Elda Okolo-Obasi Simplice Asongu Joseph N A I International Journal of Community Well-Being, 2019. Abstract | Links | BibTeX | Tags: Aid, FDI, inclusive development, remittances @article{Asongu_191, author = {Elda Okolo-Obasi N Simplice A. Asongu Joseph I. Uduji}, url = {https://link.springer.com/article/10.1007/s42413-019-00037-7}, doi = {10.1007/s42413-019-00037-7}, year = {2019}, date = {2019-08-26}, journal = {International Journal of Community Well-Being}, abstract = {This research investigates the incidence of enhancing external flows on inclusive human development in a panel of 48 countries in sub-Saharan Africa. It complements the literature by examining the relevance of enhancing three types of external flows, namely: development assistance, foreign investment and remittances. Ordinary Least Squares, Tobit, Fixed effects, Generalised Method of Moments and Quantile regressions are used as empirical strategies. The following main results are apparent: (i) between 60 and 150 (% of GDP) is the threshold of foreign aid; (ii) 33.333 (% of GDP) is the foreign investment threshold and (iii) 25 (% of GDP) is the critical mass of remittances. At the established critical masses or thresholds, external flows start having positive effects on inclusive human development. Countries characterized by inclusive development levels that are low need more investment in foreign aid for inclusive human development compared to their counterparts characterized by inclusive human development levels that are high.}, keywords = {Aid, FDI, inclusive development, remittances}, pubstate = {published}, tppubtype = {article} } This research investigates the incidence of enhancing external flows on inclusive human development in a panel of 48 countries in sub-Saharan Africa. It complements the literature by examining the relevance of enhancing three types of external flows, namely: development assistance, foreign investment and remittances. Ordinary Least Squares, Tobit, Fixed effects, Generalised Method of Moments and Quantile regressions are used as empirical strategies. The following main results are apparent: (i) between 60 and 150 (% of GDP) is the threshold of foreign aid; (ii) 33.333 (% of GDP) is the foreign investment threshold and (iii) 25 (% of GDP) is the critical mass of remittances. At the established critical masses or thresholds, external flows start having positive effects on inclusive human development. Countries characterized by inclusive development levels that are low need more investment in foreign aid for inclusive human development compared to their counterparts characterized by inclusive human development levels that are high. |
6. | Adu-Gyamfi, Tinaye Mmusi Herbert Wamalwa Simplice Asongu Johannes Opperman & Jeremiah Makindara Felix Nandonde Richard S A P R A 2019. Abstract | Links | BibTeX | Tags: FDI, linkages, spillover effects @unpublished{Asongu_205, author = {Tinaye Mmusi Herbert Wamalwa Simplice Asongu Johannes Opperman & Jeremiah Makindara S A P R Felix A. Nandonde Richard Adu-Gyamfi}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Linkages-and-Spillover-Effects-of-South-African-FDI.pdf}, year = {2019}, date = {2019-07-22}, abstract = {In recent decades, the impact of South African foreign direct investment in Africa has been captured by research and policy. This paper investigates linkages and spillover effects of South African foreign direct investment in Botswana and Kenya. The study uses primary data to investigate qualitative implications. The findings reveal that South African firms operate in sectors including retail, food-processing, and information and communication technology. Linkages forged in these sectors include supply, employee, joint venture, service, and institutional nexuses. Supply and service linkages create observable spillovers which point to the fact that younger local firms tend to benefit from South African firms in terms of technology transfer and training opportunities. Host country policymakers are therefore encouraged to provide favourable incentives for foreign direct investment to promote entrepreneurship. Other policy implications are also discussed.}, keywords = {FDI, linkages, spillover effects}, pubstate = {published}, tppubtype = {unpublished} } In recent decades, the impact of South African foreign direct investment in Africa has been captured by research and policy. This paper investigates linkages and spillover effects of South African foreign direct investment in Botswana and Kenya. The study uses primary data to investigate qualitative implications. The findings reveal that South African firms operate in sectors including retail, food-processing, and information and communication technology. Linkages forged in these sectors include supply, employee, joint venture, service, and institutional nexuses. Supply and service linkages create observable spillovers which point to the fact that younger local firms tend to benefit from South African firms in terms of technology transfer and training opportunities. Host country policymakers are therefore encouraged to provide favourable incentives for foreign direct investment to promote entrepreneurship. Other policy implications are also discussed. |
2018 |
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7. | Asongu, Uduak Akpan & Salisu Isihak Simplice S R Financial Innovation, 2018. Abstract | Links | BibTeX | Tags: BRICS, determinants, fast-growing economies, FDI, MINT @article{Asongu_309, author = {Uduak Akpan & Salisu Isihak S R Simplice Asongu}, url = {https://jfin-swufe.springeropen.com/articles/10.1186/s40854-018-0114-0}, doi = {10.1186/s40854-018-0114-0}, year = {2018}, date = {2018-10-29}, journal = {Financial Innovation}, abstract = {The flow of foreign direct investment (FDI) into a country can benefit both the investing entity and host government. This study employed panel analysis to examine the factors that determine the direction of FDI to the fast-growing BRICS (Brazil, Russia, India, China, and South Africa) and MINT (Mexico, Indonesia, Nigeria, and Turkey) countries. First, we used a pooled time-series cross sectional analysis of data from 2001 to 2011 to estimate and model the determinants of FDI for three samples: BRICS only, MINT only, and BRICS and MINT combined. Then, a fixed effects approach was employed to provide the model for BRICS and MINT combined. The results demonstrate that market size, infrastructure availability, and trade openness play the most significant roles in attracting FDI to BRICS and MINT, while the roles of availability of natural resources and institutional quality are insignificant. To sustain and promote FDI inflow, the governments of BRICS and MINT must ensure that their countries remain attractive for investment by offering a level playing field for investors and political stability. BRICS and MINT governments also need to invest more in their human capital to ensure that their economies can absorb substantial skills and technology spillovers from FDI and promote sustainable long-term economic growth. This study is significant because it contributes to the literature on determinants of FDI by extending the scope of previous studies that often focused on BRICS only.}, keywords = {BRICS, determinants, fast-growing economies, FDI, MINT}, pubstate = {published}, tppubtype = {article} } The flow of foreign direct investment (FDI) into a country can benefit both the investing entity and host government. This study employed panel analysis to examine the factors that determine the direction of FDI to the fast-growing BRICS (Brazil, Russia, India, China, and South Africa) and MINT (Mexico, Indonesia, Nigeria, and Turkey) countries. First, we used a pooled time-series cross sectional analysis of data from 2001 to 2011 to estimate and model the determinants of FDI for three samples: BRICS only, MINT only, and BRICS and MINT combined. Then, a fixed effects approach was employed to provide the model for BRICS and MINT combined. The results demonstrate that market size, infrastructure availability, and trade openness play the most significant roles in attracting FDI to BRICS and MINT, while the roles of availability of natural resources and institutional quality are insignificant. To sustain and promote FDI inflow, the governments of BRICS and MINT must ensure that their countries remain attractive for investment by offering a level playing field for investors and political stability. BRICS and MINT governments also need to invest more in their human capital to ensure that their economies can absorb substantial skills and technology spillovers from FDI and promote sustainable long-term economic growth. This study is significant because it contributes to the literature on determinants of FDI by extending the scope of previous studies that often focused on BRICS only. |
8. | Asongu, Uduak Akpan & Salisu Isihak Simplice S R A 2018. Abstract | Links | BibTeX | Tags: determinants, fast-growing economies, FDI @unpublished{Asongu_312, author = {Uduak Akpan & Salisu Isihak S R Simplice A. Asongu}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/New.Determinants-of-Foreign-Direct-Investment-in-Fast-Growing-Economies.pdf}, year = {2018}, date = {2018-10-18}, abstract = {This study employs panel analysis to examine the determinants of foreign direct investment (FDI) to Brazil, Russia, India, China, and South Africa (BRICS) and Mexico, Indonesia, Nigeria, and Turkey (MINT) using data for eleven years i.e. 2001 – 2011. First, it uses pooled time-series cross sectional analysis to estimate the model on determinants of FDI for three samples: BRICS only, MINT only, and BRICS and MINT combined; then, fixed effects model is also employed to estimate the model for BRICS and MINT combined. The results show that market size, infrastructure availability, and trade openness play the most significant roles in attracting FDI to BRICS and MINT while the roles of availability of natural resources and institutional quality are insignificant. Given that FDI inflow to a country has the potential of being mutually beneficial to the investing entity and host government, the challenge is on how BRICS and MINT can sustain the level of FDI inflow and ensure it results in economic growth and socio-economic transformation. To sustain the level of FDI inflow, governments of BRICS and MINT need to ensure that their countries remain attractive for investment. BRICS and MINT also need to ensure that their economies absorb substantial skills and technology spillovers from FDI inflow to promote sustainable long-term economic growth by investing more in their human capital. The study is significant because it contributes to literature on determinants of FDI by extending the scope of previous studies which often focus only on BRICS.}, keywords = {determinants, fast-growing economies, FDI}, pubstate = {published}, tppubtype = {unpublished} } This study employs panel analysis to examine the determinants of foreign direct investment (FDI) to Brazil, Russia, India, China, and South Africa (BRICS) and Mexico, Indonesia, Nigeria, and Turkey (MINT) using data for eleven years i.e. 2001 – 2011. First, it uses pooled time-series cross sectional analysis to estimate the model on determinants of FDI for three samples: BRICS only, MINT only, and BRICS and MINT combined; then, fixed effects model is also employed to estimate the model for BRICS and MINT combined. The results show that market size, infrastructure availability, and trade openness play the most significant roles in attracting FDI to BRICS and MINT while the roles of availability of natural resources and institutional quality are insignificant. Given that FDI inflow to a country has the potential of being mutually beneficial to the investing entity and host government, the challenge is on how BRICS and MINT can sustain the level of FDI inflow and ensure it results in economic growth and socio-economic transformation. To sustain the level of FDI inflow, governments of BRICS and MINT need to ensure that their countries remain attractive for investment. BRICS and MINT also need to ensure that their economies absorb substantial skills and technology spillovers from FDI inflow to promote sustainable long-term economic growth by investing more in their human capital. The study is significant because it contributes to literature on determinants of FDI by extending the scope of previous studies which often focus only on BRICS. |
9. | A., Efobi Beecroft Asongu U R I S Forum for Social Economics, 2018. Abstract | Links | BibTeX | Tags: FDI, Foreign aid, Quantile regression, terrorism @article{Asongu_370, author = {Efobi Beecroft U R I Asongu S. A.}, url = {http://www.tandfonline.com/doi/full/10.1080/07360932.2018.1434676}, doi = {10.1080/07360932.2018.1434676}, year = {2018}, date = {2018-02-18}, journal = {Forum for Social Economics}, abstract = {We investigate how foreign aid dampens the effects of terrorism on FDI using interactive quantile regressions. The empirical evidence is based on 78 developing countries for the period 1984–2008. Bilateral and multilateral aid variables are used, while terrorism dynamics entail: domestic, unclear, transnational and total number of terrorist attacks. The main finding is that foreign aid cannot be used as a policy tool to effectively address a hypothetically negative effect of terrorism on FDI. The positive threshold we cannot establish is important for policy makers because it communicates a cut-off point at which foreign aid completely neutralizes the negative effect of terrorism on FDI. From the conditioning information set, we also establish for the most part that the effects of GDP growth, infrastructural development and trade openness are an increasing function of FDI. Policy implications are discussed.}, keywords = {FDI, Foreign aid, Quantile regression, terrorism}, pubstate = {published}, tppubtype = {article} } We investigate how foreign aid dampens the effects of terrorism on FDI using interactive quantile regressions. The empirical evidence is based on 78 developing countries for the period 1984–2008. Bilateral and multilateral aid variables are used, while terrorism dynamics entail: domestic, unclear, transnational and total number of terrorist attacks. The main finding is that foreign aid cannot be used as a policy tool to effectively address a hypothetically negative effect of terrorism on FDI. The positive threshold we cannot establish is important for policy makers because it communicates a cut-off point at which foreign aid completely neutralizes the negative effect of terrorism on FDI. From the conditioning information set, we also establish for the most part that the effects of GDP growth, infrastructural development and trade openness are an increasing function of FDI. Policy implications are discussed. |
2016 |
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10. | Gammoudi, Mondher Cherif & Simplice Asongu Mouna A FDI and Growth in the MENA countries: Are the GCC countries Different? 2016. Abstract | Links | BibTeX | Tags: FDI, financial openness, GMM, Growth, Institutions @workingpaper{Gammoudi2016, title = {FDI and Growth in the MENA countries: Are the GCC countries Different?}, author = {Mondher Cherif & Simplice Asongu A Mouna Gammoudi}, editor = {African 2016 Governance and Development Institute WP/16/015}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/FDI-and-Growth-in-the-MENA-countries.pdf}, year = {2016}, date = {2016-06-01}, abstract = {This paper examines the relationship between Foreign Direct Investment (FDI) and per capita Gross Domestic Product (GDP) in the Middle East and North Africa (MENA) region for the period 1985-2009. The empirical evidence is based on an endoeneity-robust Generalised Method of Moments. Results show that the effect of FDI on per capita income in the Gulf Cooperation Council (GCC) countries is positive but negative in Non-GCC countries. Results also reveal that in contrast to the GCC countries, the financial openness policy in the NonGCC countries have reduced the benefits of FDI on growth, this finding is explained by the fact that most of the Non-GCC countries that have engaged in the process of financial reforms have poor quality of institutions. These results are confirmed with both annual data and five year average data.}, keywords = {FDI, financial openness, GMM, Growth, Institutions}, pubstate = {published}, tppubtype = {workingpaper} } This paper examines the relationship between Foreign Direct Investment (FDI) and per capita Gross Domestic Product (GDP) in the Middle East and North Africa (MENA) region for the period 1985-2009. The empirical evidence is based on an endoeneity-robust Generalised Method of Moments. Results show that the effect of FDI on per capita income in the Gulf Cooperation Council (GCC) countries is positive but negative in Non-GCC countries. Results also reveal that in contrast to the GCC countries, the financial openness policy in the NonGCC countries have reduced the benefits of FDI on growth, this finding is explained by the fact that most of the Non-GCC countries that have engaged in the process of financial reforms have poor quality of institutions. These results are confirmed with both annual data and five year average data. |