The AGDI has published substantially in fulfillment of its mission statement of contributing to knowledge towards African development:
IDEAS
http://ideas.repec.org/d/agdiycm.html
ECONSTOR
https://www.econstor.eu/dspace/escollectionhome/10419/123513
Publications List
2020 |
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1. | Adekunle, Ibrahim A 2020. Abstract | Links | BibTeX | Tags: environment, governance, Institutions @unpublished{Asonguc, author = {Ibrahim A Adekunle}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/On-the-search-for-environmental-sustainability-in-Africa-the-role-of-governance.pdf}, year = {2020}, date = {2020-10-28}, abstract = {Africa remains the most affected by environmental degradation, thereby exacerbating the negative effect of climate change in the region. Little empirical credence has been leaned to the institutions-environmental sustainability relationship in Africa. This omission in the literature of environmental sustainability is abysmal, considering the role of institutions and government in ecological preservation. To inform policy and research on the subject matter, we estimated a balanced panel data of the indices of good governance and strong institutions to explain transformation to environmental sustainability using the dynamic system generalised method of moment estimator from 1996 through 2017. Findings suggested a positive relationship between the rule of law and regulatory quality and transformation to environmental sustainability. An inverse relationship between government effectiveness and environmental sustainability was established. We recommended concerted effort at an institutional level such that policy and punishment for violation of greenhouse strategies will be optimum.}, keywords = {environment, governance, Institutions}, pubstate = {published}, tppubtype = {unpublished} } Africa remains the most affected by environmental degradation, thereby exacerbating the negative effect of climate change in the region. Little empirical credence has been leaned to the institutions-environmental sustainability relationship in Africa. This omission in the literature of environmental sustainability is abysmal, considering the role of institutions and government in ecological preservation. To inform policy and research on the subject matter, we estimated a balanced panel data of the indices of good governance and strong institutions to explain transformation to environmental sustainability using the dynamic system generalised method of moment estimator from 1996 through 2017. Findings suggested a positive relationship between the rule of law and regulatory quality and transformation to environmental sustainability. An inverse relationship between government effectiveness and environmental sustainability was established. We recommended concerted effort at an institutional level such that policy and punishment for violation of greenhouse strategies will be optimum. |
2. | Asongu, Nicholas Odhiambo Simplice M A Energy Exploration and Exploitation, 2020. Abstract | Links | BibTeX | Tags: environment, governance @article{Asonguf, author = {Nicholas Odhiambo M Simplice A Asongu}, url = {https://journals.sagepub.com/doi/full/10.1177/0144598719900657}, doi = {10.1177/0144598719900657}, year = {2020}, date = {2020-10-26}, journal = {Energy Exploration and Exploitation}, abstract = {This study assesses whether improving governance standards affects environmental quality in 44 countries in sub-Saharan Africa for the period 2000–2012. The empirical evidence is based on generalized method of moments. Bundled and unbundled governance dynamics are used, notably: (i) political governance (consisting of political stability and “voice and accountability”); (ii) economic governance (entailing government effectiveness and regulation quality), (iii) institutional governance (represented by the rule of law and corruption-control); and (iv) general governance (encompassing political, economic, and institutional governance dynamics). The following hypotheses are tested: (i) Hypothesis 1 (improving political governance is negatively related to carbon dioxide (CO2) emissions); (ii) Hypothesis 2 (increasing economic governance is negatively related to CO2 emissions); and (iii) Hypothesis 3 (enhancing institutional governance is negatively related to CO2 emissions). Results of the tested hypotheses show that the validity of Hypothesis 3 cannot be determined based on the results; Hypothesis 2 is not valid, while Hypothesis 1 is partially not valid. The main policy implication is that governance standards need to be further improved in order for government quality to generate the expected unfavorable effects on CO2 emissions.}, keywords = {environment, governance}, pubstate = {published}, tppubtype = {article} } This study assesses whether improving governance standards affects environmental quality in 44 countries in sub-Saharan Africa for the period 2000–2012. The empirical evidence is based on generalized method of moments. Bundled and unbundled governance dynamics are used, notably: (i) political governance (consisting of political stability and “voice and accountability”); (ii) economic governance (entailing government effectiveness and regulation quality), (iii) institutional governance (represented by the rule of law and corruption-control); and (iv) general governance (encompassing political, economic, and institutional governance dynamics). The following hypotheses are tested: (i) Hypothesis 1 (improving political governance is negatively related to carbon dioxide (CO2) emissions); (ii) Hypothesis 2 (increasing economic governance is negatively related to CO2 emissions); and (iii) Hypothesis 3 (enhancing institutional governance is negatively related to CO2 emissions). Results of the tested hypotheses show that the validity of Hypothesis 3 cannot be determined based on the results; Hypothesis 2 is not valid, while Hypothesis 1 is partially not valid. The main policy implication is that governance standards need to be further improved in order for government quality to generate the expected unfavorable effects on CO2 emissions. |
3. | Asongu, Joseph Nnanna Simplice A Transnational Corporations Review, 2020. Abstract | Links | BibTeX | Tags: Capital flight, governance @article{Asongu_60, author = {Joseph Nnanna Simplice A. Asongu}, url = {https://www.tandfonline.com/doi/full/10.1080/19186444.2020.1771123}, doi = {10.1080/19186444.2020.1771123}, year = {2020}, date = {2020-06-17}, journal = {Transnational Corporations Review}, abstract = {The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what thresholds of government quality are required to fight the capital flight trap in the continent. The following findings are established. Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. The net effects from interactions of the capital flight trap with political stability, regulation quality, economic governance and corruption-control on capital flight are positive. The critical masses at which ‘voice and accountability’ and regulation quality can complement the capital flight trap to reduce capital flight are respectively, 0.120 and 0.680, which correspond to the best performing countries. Policy implications are discussed.}, keywords = {Capital flight, governance}, pubstate = {published}, tppubtype = {article} } The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what thresholds of government quality are required to fight the capital flight trap in the continent. The following findings are established. Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. The net effects from interactions of the capital flight trap with political stability, regulation quality, economic governance and corruption-control on capital flight are positive. The critical masses at which ‘voice and accountability’ and regulation quality can complement the capital flight trap to reduce capital flight are respectively, 0.120 and 0.680, which correspond to the best performing countries. Policy implications are discussed. |
2019 |
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4. | 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. |
5. | Osabuohien, Precious Ohalete Romanus Osabohien Evans 2019. Abstract | Links | BibTeX | Tags: agriculture, Food Security, governance @unpublished{Asongu_139, author = {Precious Ohalete Romanus Osabohien Evans Osabuohien}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Agricultural-Sector-Performance-and-Institutional-Framework-in-Nigeria.pdf}, year = {2019}, date = {2019-11-16}, abstract = {This study examines how the performance of the agricultural sector can be enhanced in the long-run through institutional framework thereby ensuring food security in Nigeria. It employs the ARDL (Autoregressive Distributed Lag) with data from the Central Bank of Nigeria (CBN) statistical bulletin, Food and Agriculture Organisation (FAO), World Development Indicators (WDI), and World Governance Indicators (WDI). Food security is used as the dependent variable proxied by the number of the people undernourished under the stability dimension; agricultural sector performance and institutional framework as the independent variables, while population is a control variable. Two agricultural variables (agriculture production and agriculture credit) are employed with six variables of institutional framework. The findings show that in the long-run, agriculture production and agriculture credit (agriculture variables) will increase food security by reducing the number of people undernourished by 2% and 18%, respectively. In terms of institutional framework; political stability and absence of violence and rule of law increase food security by reducing undernourishment by approximately 69% and 29%, respectively; control of corruption and voice and accountability tends to reduce food security by increasing the number of the people undernourished by 74%, 51% and 63% respectively. Therefore, the study concludes by recommending, among others, that the Nigerian institutional framework should be improved (especially the control of corruption) in addressing the challenges in the implementation of food security programmes and ensuring timely distribution of food resources.}, keywords = {agriculture, Food Security, governance}, pubstate = {published}, tppubtype = {unpublished} } This study examines how the performance of the agricultural sector can be enhanced in the long-run through institutional framework thereby ensuring food security in Nigeria. It employs the ARDL (Autoregressive Distributed Lag) with data from the Central Bank of Nigeria (CBN) statistical bulletin, Food and Agriculture Organisation (FAO), World Development Indicators (WDI), and World Governance Indicators (WDI). Food security is used as the dependent variable proxied by the number of the people undernourished under the stability dimension; agricultural sector performance and institutional framework as the independent variables, while population is a control variable. Two agricultural variables (agriculture production and agriculture credit) are employed with six variables of institutional framework. The findings show that in the long-run, agriculture production and agriculture credit (agriculture variables) will increase food security by reducing the number of people undernourished by 2% and 18%, respectively. In terms of institutional framework; political stability and absence of violence and rule of law increase food security by reducing undernourishment by approximately 69% and 29%, respectively; control of corruption and voice and accountability tends to reduce food security by increasing the number of the people undernourished by 74%, 51% and 63% respectively. Therefore, the study concludes by recommending, among others, that the Nigerian institutional framework should be improved (especially the control of corruption) in addressing the challenges in the implementation of food security programmes and ensuring timely distribution of food resources. |
6. | Asongu, Nicholas Odhiambo Simplice M A Journal of Economic Structures, 2019. Abstract | Links | BibTeX | Tags: Capital flight, governance, industrialisation @article{Asongu_143, author = {Nicholas Odhiambo M Simplice A. Asongu}, url = {https://journalofeconomicstructures.springeropen.com/articles/10.1186/s40008-019-0170-2}, doi = {10.1186/s40008-019-0170-2}, year = {2019}, date = {2019-11-06}, journal = {Journal of Economic Structures}, abstract = {The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis, namely (i) political governance from political stability and “voice and accountability”; (ii) economic governance from government effectiveness and regulation quality; and (iii) institutional governance from corruption-control and the rule of law. First, governance increases industrialisation whereas capital flight has the opposite effect; and second, governance does not significantly mitigate the negative effect of capital flight on industrialisation. Policy implications are discussed.}, keywords = {Capital flight, governance, industrialisation}, pubstate = {published}, tppubtype = {article} } The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis, namely (i) political governance from political stability and “voice and accountability”; (ii) economic governance from government effectiveness and regulation quality; and (iii) institutional governance from corruption-control and the rule of law. First, governance increases industrialisation whereas capital flight has the opposite effect; and second, governance does not significantly mitigate the negative effect of capital flight on industrialisation. Policy implications are discussed. |
7. | le A., Roux Nwachukwu Pyke Asongu S J C C S Information Technology & People, 32 (4), pp. 897-920, 2019. Abstract | Links | BibTeX | Tags: governance, ICT @article{Asongu_174, author = {Roux Nwachukwu Pyke S J C C le Asongu S. A.}, url = {https://www.emerald.com/insight/content/doi/10.1108/ITP-01-2018-0011/full/html}, doi = {10.1108/ITP-01-2018-0011}, year = {2019}, date = {2019-09-24}, journal = {Information Technology & People}, volume = {32}, number = {4}, pages = {897-920}, abstract = {Purpose The purpose of this paper is to present theoretical and empirical arguments for the role of mobile telephony in promoting good governance in 47 sub-Saharan African countries for the period 2000–2012. Design/methodology/approach The empirical inquiry uses an endogeneity-robust GMM approach with forward orthogonal deviations to analyze the linkage between mobile phone usage and the variation in three broad governance categories – political, economic and institutional. Findings Three key findings are established: first, in terms of individual governance indicators, mobile phones consistently stimulated good governance by the same magnitude, with the exception of the effect on the regulation component of economic governance. Second, when indicators are combined, the effect of mobile phones on general governance is three times higher than that on the institutional governance category. Third, countries with lower levels of governance indicators are catching-up with their counterparts with more advanced dynamics. Originality/value The study makes both theoretical and empirical contributions by highlighting the importance of various combinations of governance indicators and their responsiveness to mobile phone usage.}, keywords = {governance, ICT}, pubstate = {published}, tppubtype = {article} } Purpose The purpose of this paper is to present theoretical and empirical arguments for the role of mobile telephony in promoting good governance in 47 sub-Saharan African countries for the period 2000–2012. Design/methodology/approach The empirical inquiry uses an endogeneity-robust GMM approach with forward orthogonal deviations to analyze the linkage between mobile phone usage and the variation in three broad governance categories – political, economic and institutional. Findings Three key findings are established: first, in terms of individual governance indicators, mobile phones consistently stimulated good governance by the same magnitude, with the exception of the effect on the regulation component of economic governance. Second, when indicators are combined, the effect of mobile phones on general governance is three times higher than that on the institutional governance category. Third, countries with lower levels of governance indicators are catching-up with their counterparts with more advanced dynamics. Originality/value The study makes both theoretical and empirical contributions by highlighting the importance of various combinations of governance indicators and their responsiveness to mobile phone usage. |
8. | 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. |
9. | Asongu, Joseph Nnanna Simplice A Politics & Policy, 2019. Abstract | Links | BibTeX | Tags: Foreign aid, governance, instability @article{Asongu_202, author = {Joseph Nnanna Simplice A. Asongu}, url = {https://onlinelibrary.wiley.com/doi/full/10.1111/polp.12320}, doi = {10.1111/polp.12320}, year = {2019}, date = {2019-07-26}, journal = {Politics & Policy}, abstract = {This article contributes to the attendant literature by bundling governance dynamics and focusing on foreign aid instability instead of foreign aid. We assess the role of foreign aid instability on governance dynamics in 53 African countries for the period 1996‐2010. An autoregressive endogeneity‐robust generalized method of moments is employed. Instabilities are measured in terms of variance of the errors and standard deviations. Three main aid indicators are used, namely: total aid, aid from multilateral donors, and bilateral aid. Principal component analysis is used to bundle governance indicators, namely: political governance (voice and accountability and political stability/no violence), economic governance (regulation quality and government effectiveness), institutional governance (rule of law and corruption control), and general governance (political, economic, and institutional governance). Our findings show that foreign aid instability increases governance standards, especially political and general governance. Policy implications are discussed.}, keywords = {Foreign aid, governance, instability}, pubstate = {published}, tppubtype = {article} } This article contributes to the attendant literature by bundling governance dynamics and focusing on foreign aid instability instead of foreign aid. We assess the role of foreign aid instability on governance dynamics in 53 African countries for the period 1996‐2010. An autoregressive endogeneity‐robust generalized method of moments is employed. Instabilities are measured in terms of variance of the errors and standard deviations. Three main aid indicators are used, namely: total aid, aid from multilateral donors, and bilateral aid. Principal component analysis is used to bundle governance indicators, namely: political governance (voice and accountability and political stability/no violence), economic governance (regulation quality and government effectiveness), institutional governance (rule of law and corruption control), and general governance (political, economic, and institutional governance). Our findings show that foreign aid instability increases governance standards, especially political and general governance. Policy implications are discussed. |
2018 |
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10. | Asongu, Nicholas Odhiambo Simplice M A Telecommunications Policy, 2018. Abstract | Links | BibTeX | Tags: Africa, governance, Social media @article{Asongu_310, author = {Nicholas Odhiambo M Simplice A. Asongu}, url = {https://www.sciencedirect.com/science/article/abs/pii/S0308596118302635}, doi = {10.1016/j.telpol.2018.10.004}, year = {2018}, date = {2018-10-28}, journal = {Telecommunications Policy}, abstract = {This study assesses linkages between social media and governance dynamics in 49 African countries for the year 2012. The empirical evidence is based on ordinary least squares and quantile regressions. Ten bundled and unbundled governance dynamics are used, notably: (i) political governance (entailing “voice & accountability” and political stability/no violence); (ii) economic governance (involving regulation quality and government effectiveness); (iii) institutional governance (comprising the rule of law and corruption-control) and (iv) general governance (entailing political, economic and institutional governance). Social media is measured with Facebook penetration. The findings show that Facebook penetration is positively associated with governance dynamics and these positive nexuses differ in terms of significance and magnitude of significance throughout the conditional distribution of the governance dynamics.}, keywords = {Africa, governance, Social media}, pubstate = {published}, tppubtype = {article} } This study assesses linkages between social media and governance dynamics in 49 African countries for the year 2012. The empirical evidence is based on ordinary least squares and quantile regressions. Ten bundled and unbundled governance dynamics are used, notably: (i) political governance (entailing “voice & accountability” and political stability/no violence); (ii) economic governance (involving regulation quality and government effectiveness); (iii) institutional governance (comprising the rule of law and corruption-control) and (iv) general governance (entailing political, economic and institutional governance). Social media is measured with Facebook penetration. The findings show that Facebook penetration is positively associated with governance dynamics and these positive nexuses differ in terms of significance and magnitude of significance throughout the conditional distribution of the governance dynamics. |