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 Abstract | Links | BibTeX | Tags: environment, governance, Institutions @unpublished{Asonguc, author = {Ibrahim A Adekunle}, url =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strategies will be optimum.}, keywords = {environment, governance, Institutions}, pubstate = {published}, tppubtype = {unpublished} } Africa remains the most affected by environmental degradation, thereby exacerbating the negative effect of climate change in the region.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. | 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. |
2019 |
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3. | Alimi, Simplice Asongu Kazeem Ajide Olorunfemi A B Y 2019. Abstract | Links | BibTeX | Tags: ethnicity, Inequality, Institutions, Kuznets curve, Linguistic, religious @unpublished{Asongu_244, author = {Simplice Asongu A Kazeem B. Ajide Olorunfemi Y. Alimi}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Ethnic-Diversity-and-Inequality-in-sub-Saharan-Africa.pdf}, year = {2019}, date = {2019-04-14}, abstract = {Studies on the causes of income differences between the rich and the poor have received an extensive attention in the inequality empirics. While ethnic diversity hasalso been identified as one of the fundamental causes of income inequality, the role of institutions as a mediating factor in the ethnicity-inequality nexus has not received the scholarly attention it deserves. To this end, this study complements the existing literature by investigating the extent to which institutional framework corrects the noisy influence originating from the nexus between “ethnic diversity” and inequality in 26 sub-Saharan African countries for the period 1996-2015. The empirical evidence is based on pooled OLS, fixed effects and system GMM estimators. The main findings reveal that the mediating influences of institutional settingsaredefective, thus making it extremely difficult to modulatethe noisy impacts of ethno-linguistic and religious heterogeneity on inequality. In addition, the negative influencesorchestrated by ethnolinguistic and religious diversities on inequality fail toattenuate the impact of income disparityeven when interacted with institutions. On the policy front, institutional reforms tailored toward economic, political and institutional governances should be targeted.}, keywords = {ethnicity, Inequality, Institutions, Kuznets curve, Linguistic, religious}, pubstate = {published}, tppubtype = {unpublished} } Studies on the causes of income differences between the rich and the poor have received an extensive attention in the inequality empirics. While ethnic diversity hasalso been identified as one of the fundamental causes of income inequality, the role of institutions as a mediating factor in the ethnicity-inequality nexus has not received the scholarly attention it deserves. To this end, this study complements the existing literature by investigating the extent to which institutional framework corrects the noisy influence originating from the nexus between “ethnic diversity” and inequality in 26 sub-Saharan African countries for the period 1996-2015. The empirical evidence is based on pooled OLS, fixed effects and system GMM estimators. The main findings reveal that the mediating influences of institutional settingsaredefective, thus making it extremely difficult to modulatethe noisy impacts of ethno-linguistic and religious heterogeneity on inequality. In addition, the negative influencesorchestrated by ethnolinguistic and religious diversities on inequality fail toattenuate the impact of income disparityeven when interacted with institutions. On the policy front, institutional reforms tailored toward economic, political and institutional governances should be targeted. |
2018 |
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4. | Kinyondo, Zim Nwokora Riccardo Pelizzo Abel 2018. Abstract | Links | BibTeX | Tags: Africa, Development, Institutions, Poverty, world system @unpublished{Asongu_375, author = {Zim Nwokora Riccardo Pelizzo Abel Kinyondo}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Development-in-Africa.pdf}, year = {2018}, date = {2018-02-01}, abstract = {The purpose of the chapter is to analyze Africa’s economic successes in the past half century, to understand not only what made it possible but also and more importantly what risk factors may eventually bring it to an end or compromise it. While it may not be possible for Africa to alter, for now, its position in the world system, it may nonetheless create the conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and by reducing the incidence of tropical diseases.}, keywords = {Africa, Development, Institutions, Poverty, world system}, pubstate = {published}, tppubtype = {unpublished} } The purpose of the chapter is to analyze Africa’s economic successes in the past half century, to understand not only what made it possible but also and more importantly what risk factors may eventually bring it to an end or compromise it. While it may not be possible for Africa to alter, for now, its position in the world system, it may nonetheless create the conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and by reducing the incidence of tropical diseases. |
2017 |
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5. | O, Asongu & Kodila-Tedika S A Social Indicators Research, 2017. Abstract | Links | BibTeX | Tags: Development, Institutions, Poverty @article{Asongu_431, author = {Asongu & Kodila-Tedika S A O}, url = {https://link.springer.com/article/10.1007/s11205-017-1709-y}, doi = {10.1007/s11205-017-1709-y}, year = {2017}, date = {2017-07-27}, journal = {Social Indicators Research}, abstract = {Tebaldi and Mohan (Journal of Development Studies 46:1047–1066, 2010) have established an empirical relationship between institutions and monetary poverty. We first, reflect their findings in the light of recent development models, debates and currents in post-2010 literature. We then re-examine their results with a non-monetary and multidimensional poverty indicator first published in 2010. Our findings confirm the negative relationship and the nexus disappears with control for average income. Hence, confirming the conclusions of the underlying study that institutions could have an indirect effect on multidimensional poverty. In other words, the poverty eradication effect of institutions is through average income as opposed to income inequality. We discuss how the findings provide insights into: (1) the Chinese model versus sustainable development; (2) debates over preferences in economic rights; (3) China’s development and outlook; (4) the Fosu conjectures and (5) Piketty’s and Kuznets’ literatures.}, keywords = {Development, Institutions, Poverty}, pubstate = {published}, tppubtype = {article} } Tebaldi and Mohan (Journal of Development Studies 46:1047–1066, 2010) have established an empirical relationship between institutions and monetary poverty. We first, reflect their findings in the light of recent development models, debates and currents in post-2010 literature. We then re-examine their results with a non-monetary and multidimensional poverty indicator first published in 2010. Our findings confirm the negative relationship and the nexus disappears with control for average income. Hence, confirming the conclusions of the underlying study that institutions could have an indirect effect on multidimensional poverty. In other words, the poverty eradication effect of institutions is through average income as opposed to income inequality. We discuss how the findings provide insights into: (1) the Chinese model versus sustainable development; (2) debates over preferences in economic rights; (3) China’s development and outlook; (4) the Fosu conjectures and (5) Piketty’s and Kuznets’ literatures. |
2016 |
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6. | 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. |
7. | Asongu, Simplice A Journal of African Development, 18 (1), pp. 113–123, 2016. Abstract | Links | BibTeX | Tags: African development, Growth, Institutions @article{Asongu_570, author = {Simplice A Asongu}, editor = {Augustin K Fosu}, url = {http://www.jadafea.com/wp-content/uploads/2016/04/08_Book_Review_Asongu.pdf}, year = {2016}, date = {2016-04-30}, journal = {Journal of African Development}, volume = {18}, number = {1}, pages = {113–123}, abstract = {Augustin K. Fosu, a leading and respected expert in the field of African development has edited an interesting bulk of studies in a book entitled: Growth and Institutions in African Development. The book is a timely contribution to knowledge that offers very interesting insights into views and agenda within rigorous theoretical and empirical frameworks on policy issues surrounding the relevance of growth and institutions in African development. The book’s coverage comprises of 15 chapters presented into two main subject areas, namely: growth and institutions. Each of the two subjects is further divided into two parts. On the one hand, the growth area covers: (i) growth determinants (industrial embeddedness, innovation, exchange-rate regimes and environmental quality); and (ii) sectors, dynamics and distribution of growth. On the other hand, the institutions area entails: (i) institutional development; and (ii) institutions and development outcomes. An interesting common denominator among authors of various chapters in the two subject areas is that the empirical results are succinctly summarised to enhance accessibility and readability by interested readers who might have required technical reading skills to understand the rigorous empirical analyses and resulting policy insights. Hence, it is an easy-to-read and richly policy-relevant book for both specialists and non-specialists. Moreover, the underlying ease of readership is facilitated with an introductory chapter by Augustin K. Fosu which lays out the general framework with hard but interesting stylized facts, before summarising the key motivations and contributions of various chapters with very accessible and non-technical language. This is a critical review of the book.}, keywords = {African development, Growth, Institutions}, pubstate = {published}, tppubtype = {article} } Augustin K. Fosu, a leading and respected expert in the field of African development has edited an interesting bulk of studies in a book entitled: Growth and Institutions in African Development. The book is a timely contribution to knowledge that offers very interesting insights into views and agenda within rigorous theoretical and empirical frameworks on policy issues surrounding the relevance of growth and institutions in African development. The book’s coverage comprises of 15 chapters presented into two main subject areas, namely: growth and institutions. Each of the two subjects is further divided into two parts. On the one hand, the growth area covers: (i) growth determinants (industrial embeddedness, innovation, exchange-rate regimes and environmental quality); and (ii) sectors, dynamics and distribution of growth. On the other hand, the institutions area entails: (i) institutional development; and (ii) institutions and development outcomes. An interesting common denominator among authors of various chapters in the two subject areas is that the empirical results are succinctly summarised to enhance accessibility and readability by interested readers who might have required technical reading skills to understand the rigorous empirical analyses and resulting policy insights. Hence, it is an easy-to-read and richly policy-relevant book for both specialists and non-specialists. Moreover, the underlying ease of readership is facilitated with an introductory chapter by Augustin K. Fosu which lays out the general framework with hard but interesting stylized facts, before summarising the key motivations and contributions of various chapters with very accessible and non-technical language. This is a critical review of the book. |
8. | Asongu, Mohamed Jellal Mohamed Bouzahzah Simplice A Theoretical Economics Letters, 6 , pp. 131-137, 2016. Abstract | Links | BibTeX | Tags: Education, Growth, Human Capital, Institutions @article{Asongu_573, author = {Mohamed Jellal Mohamed Bouzahzah Simplice A. Asongu}, url = {http://file.scirp.org/pdf/TEL_2016033116111456.pdf}, doi = {10.4236/tel.2016.62015}, year = {2016}, date = {2016-04-13}, journal = {Theoretical Economics Letters}, volume = {6}, pages = {131-137}, abstract = {This study articulates the interaction among institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our theoretical model demonstrates how incentives offered by the government affect human capital accumulation which ultimately engenders positive economic development externalities. We articulate two main channels through which education affects economic growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human capital by individuals, which makes them more productive. The second channel appears in the explicit function of the economic growth rate. As a policy implication, we have shown that the growth rate depends on the rate of return on human capital or that this rate of return itself depends on the quality of governance, which further increases growth. As a result, institutional quality has a double dividend, which suggests considerable benefits to educational reforms.}, keywords = {Education, Growth, Human Capital, Institutions}, pubstate = {published}, tppubtype = {article} } This study articulates the interaction among institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our theoretical model demonstrates how incentives offered by the government affect human capital accumulation which ultimately engenders positive economic development externalities. We articulate two main channels through which education affects economic growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human capital by individuals, which makes them more productive. The second channel appears in the explicit function of the economic growth rate. As a policy implication, we have shown that the growth rate depends on the rate of return on human capital or that this rate of return itself depends on the quality of governance, which further increases growth. As a result, institutional quality has a double dividend, which suggests considerable benefits to educational reforms. |
9. | Kodila-Tedika, Simplice Asongu & Oasis A 2016. Abstract | Links | BibTeX | Tags: Institutions, Tribalism, Tribalism; Government Effectiveness; Development @unpublished{Asongu_586, author = {Simplice Asongu & Oasis A Kodila-Tedika}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Tribalism-and-Government-Effectiveness.pdf}, year = {2016}, date = {2016-03-04}, abstract = {This study assesses the relationship between tribalism (the tribalism index) and government effectiveness (per the World Bank) in 60 countries using cross-sectional data. This study finds that countries with high tribal populations generally enjoy bad governance in terms of government ineffectiveness. Government ineffectiveness and tribalism are found to mutually reinforce each other in a robust relationship.}, keywords = {Institutions, Tribalism, Tribalism; Government Effectiveness; Development}, pubstate = {published}, tppubtype = {unpublished} } This study assesses the relationship between tribalism (the tribalism index) and government effectiveness (per the World Bank) in 60 countries using cross-sectional data. This study finds that countries with high tribal populations generally enjoy bad governance in terms of government ineffectiveness. Government ineffectiveness and tribalism are found to mutually reinforce each other in a robust relationship. |
2015 |
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10. | Jellal, Bouzahzah & Simplice Asongu Mohamed A Institutional Governance, Education and Growth 2015. Abstract | Links | BibTeX | Tags: Education, Growth, Human Capital, Institutions @workingpaper{Jellal2015, title = {Institutional Governance, Education and Growth}, author = {Bouzahzah & Simplice Asongu A Mohamed Jellal}, editor = {African 2015 Governance and Development Institute WP/15/059}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Institutional-Governance-Education-and-Growth.pdf}, year = {2015}, date = {2015-12-01}, abstract = {This study articulates the interaction between institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our theoretical model demonstrates how incentives offered by the government affect human capital accumulation which ultimately engenders positive economic development externalities. We articulate two main channels through which education affects economic growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human capital by individuals, which makes them more productive. The second channel appears in the explicit function of the economic growth rate. As a policy implication, we have shown that the growth rate depends on the rate of return on human capital or that this rate of return itself depends on the quality of governance, which further increases growth. As a result, institutional quality has a double dividend, which suggests considerable benefits to educational reforms.}, keywords = {Education, Growth, Human Capital, Institutions}, pubstate = {published}, tppubtype = {workingpaper} } This study articulates the interaction between institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our theoretical model demonstrates how incentives offered by the government affect human capital accumulation which ultimately engenders positive economic development externalities. We articulate two main channels through which education affects economic growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human capital by individuals, which makes them more productive. The second channel appears in the explicit function of the economic growth rate. As a policy implication, we have shown that the growth rate depends on the rate of return on human capital or that this rate of return itself depends on the quality of governance, which further increases growth. As a result, institutional quality has a double dividend, which suggests considerable benefits to educational reforms. |