PUBLICATIONS
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
Publication List
2018 |
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1. | A., & Leke Asongu I J S Arthaniti: Journal of Economic Theory and Practice, 2018. Abstract | Links | BibTeX | Tags: Developing countries, Development, Exports, Foreign aid, terrorism @article{Asongu_308, author = {& Leke I J Asongu S. A.}, url = {http://journals.sagepub.com/eprint/UyXYDcecB7fZRHuKNg6D/full}, doi = {10.1177/0976747918802649}, year = {2018}, date = {2018-10-30}, journal = {Arthaniti: Journal of Economic Theory and Practice}, abstract = {The study investigates whether development assistance can be used to crowd-out the negative effect of terrorism on international trade. The empirical evidence is based on a panel of 78 developing countries for the period 1984–2008 and quantile regressions. The following main findings are established. First, bilateral aid significantly reduces the negative effect of transnational terrorism on trade in the top quantiles of trade distribution. Second, multilateral aid also significantly mitigates the negative effect of terrorism dynamics on trade in the top quantiles of trade distributions. It follows that it is primarily in countries with above-median levels of international trade that development assistance can be used as an effective policy tool for dampening the adverse effects of terrorism on trade. Practical implications are discussed. Moreover, steps or strategies that can be adopted by managers of corporations involved in international trade are provided, inter alia: (a) the improvement in physical security in high risky places, (b) the reduction of uncertainty linked with politically risky investment environments, (c) the reduction of costs associated with investments in locations that are very likely to be impacted by terrorism, (d) the role of security consultants and (e) the enhancement of security in networks.}, keywords = {Developing countries, Development, Exports, Foreign aid, terrorism}, pubstate = {published}, tppubtype = {article} } The study investigates whether development assistance can be used to crowd-out the negative effect of terrorism on international trade. The empirical evidence is based on a panel of 78 developing countries for the period 1984–2008 and quantile regressions. The following main findings are established. First, bilateral aid significantly reduces the negative effect of transnational terrorism on trade in the top quantiles of trade distribution. Second, multilateral aid also significantly mitigates the negative effect of terrorism dynamics on trade in the top quantiles of trade distributions. It follows that it is primarily in countries with above-median levels of international trade that development assistance can be used as an effective policy tool for dampening the adverse effects of terrorism on trade. Practical implications are discussed. Moreover, steps or strategies that can be adopted by managers of corporations involved in international trade are provided, inter alia: (a) the improvement in physical security in high risky places, (b) the reduction of uncertainty linked with politically risky investment environments, (c) the reduction of costs associated with investments in locations that are very likely to be impacted by terrorism, (d) the role of security consultants and (e) the enhancement of security in networks. |
2017 |
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2. | A., & Odhiambo Asongu N M S Information Development, 2017. Abstract | Links | BibTeX | Tags: Developing countries, Inequality, Mobile banking, Poverty, quality of growth @article{Asongu_401, author = {& Odhiambo N M Asongu S. A.}, url = {http://journals.sagepub.com/eprint/kYZJPaYxxPsj8Ak59Riq/full}, doi = {10.1177/0266666917744006}, year = {2017}, date = {2017-12-01}, journal = {Information Development}, abstract = {The transition from Millennium Development Goals to Sustainable Development Goals has substantially shifted the policy debate from development to inclusive development. Using interactive quantile regressions, we examine the correlations between mobile banking and inclusive development (quality of growth, inequality and poverty) among individuals in 93 developing countries for the year 2011. Mobile banking entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. The findings broadly show that increasing mobile banking dynamics to certain thresholds would increase (decrease) quality of growth (inequality) in quantiles at the high-end of inclusive development distributions for the most part. The study is original in that it explores the relationship between mobile banking and inclusive development using three measurements of inclusive development, namely: quality of growth, inequality and poverty. As a main policy implication, encouraging mobile banking applications would play a substantial role in responding to the challenges of immiserizing growth, inequality and poverty in developing countries.}, keywords = {Developing countries, Inequality, Mobile banking, Poverty, quality of growth}, pubstate = {published}, tppubtype = {article} } The transition from Millennium Development Goals to Sustainable Development Goals has substantially shifted the policy debate from development to inclusive development. Using interactive quantile regressions, we examine the correlations between mobile banking and inclusive development (quality of growth, inequality and poverty) among individuals in 93 developing countries for the year 2011. Mobile banking entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. The findings broadly show that increasing mobile banking dynamics to certain thresholds would increase (decrease) quality of growth (inequality) in quantiles at the high-end of inclusive development distributions for the most part. The study is original in that it explores the relationship between mobile banking and inclusive development using three measurements of inclusive development, namely: quality of growth, inequality and poverty. As a main policy implication, encouraging mobile banking applications would play a substantial role in responding to the challenges of immiserizing growth, inequality and poverty in developing countries. |
2016 |
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3. | Asongu, Simplice A Institutions and Economies, 8 (2), pp. 91-120, 2016. Abstract | Links | BibTeX | Tags: Developing countries, investment, law @article{Asongu_578, author = {Simplice A Asongu}, url = {http://ijie.um.edu.my/filebank/published_article/9684/Law%20and%20Investment%20in%20Africa.pdf}, year = {2016}, date = {2016-04-01}, journal = {Institutions and Economies}, volume = {8}, number = {2}, pages = {91-120}, abstract = {Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil law countries in private investment. This assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of regulation quality and rule of law are used to investigate how legal origins (French, English, French sub-Saharan, Portuguese and North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of French civil law countries in prospects for private investments could be traceable to their relatively low and stable inflation rates due to common monetary policies.}, keywords = {Developing countries, investment, law}, pubstate = {published}, tppubtype = {article} } Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil law countries in private investment. This assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of regulation quality and rule of law are used to investigate how legal origins (French, English, French sub-Saharan, Portuguese and North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of French civil law countries in prospects for private investments could be traceable to their relatively low and stable inflation rates due to common monetary policies. |
2015 |
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4. | Nwachukwu, Simplice Asongu Jacinta A C The Determinants of Interest Rates in Microbanks: Age and Scale 2015. Abstract | Links | BibTeX | Tags: age, Developing countries, economies of scale, interest rates, microbanks, Microfinance, non-bank financial institutions @workingpaper{Nwachukwu2015b, title = {The Determinants of Interest Rates in Microbanks: Age and Scale}, author = {Simplice Asongu A Jacinta C. Nwachukwu}, editor = {African 2015 Governance and Development Institute WP/15/004}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/The-Determinants-of-Interest-Rates-in-Microbanks.pdf}, year = {2015}, date = {2015-02-01}, abstract = {This study investigates the legitimacy of the relatively high interest rates charged by those microfinance institutions (MFIs) which have been transformed into regulated commercial banks using information garnered from a panel of 1232 MFIs from 107 developing countries. Results show that formally regulated micro banks have significantly higher average portfolio yields than their unregulated counterparts. By contrast, large-scale MFIs with more than eight years of experience have succeeded in lowering interest rates, but only up to a certain cut-off point. The implication is that policies which help nascent small-scale MFIs to overcome their cost disadvantages form a more effective pricing strategy than do initiatives to transform them into regulated institutions.}, keywords = {age, Developing countries, economies of scale, interest rates, microbanks, Microfinance, non-bank financial institutions}, pubstate = {published}, tppubtype = {workingpaper} } This study investigates the legitimacy of the relatively high interest rates charged by those microfinance institutions (MFIs) which have been transformed into regulated commercial banks using information garnered from a panel of 1232 MFIs from 107 developing countries. Results show that formally regulated micro banks have significantly higher average portfolio yields than their unregulated counterparts. By contrast, large-scale MFIs with more than eight years of experience have succeeded in lowering interest rates, but only up to a certain cut-off point. The implication is that policies which help nascent small-scale MFIs to overcome their cost disadvantages form a more effective pricing strategy than do initiatives to transform them into regulated institutions. |
2014 |
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5. | Asongu, Simplice A The Review of Black Political Economy, 41 (2), pp. 145-175, 2014. Abstract | Links | BibTeX | Tags: Developing countries, Finance, investment, law @article{Asongu_702, author = {Simplice A Asongu}, url = {http://link.springer.com/article/10.1007/s12114-013-9173-7}, doi = {10.1007/s12114-013-9173-7}, year = {2014}, date = {2014-06-04}, journal = {The Review of Black Political Economy}, volume = {41}, number = {2}, pages = {145-175}, abstract = {This paper assesses if legal origin explains domestic, foreign, private and public investments through financial intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance-investment nexus, though its ability to explain aggregate investment dynamics only through financial intermediary channels is limited in the cases of private and public investments.}, keywords = {Developing countries, Finance, investment, law}, pubstate = {published}, tppubtype = {article} } This paper assesses if legal origin explains domestic, foreign, private and public investments through financial intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance-investment nexus, though its ability to explain aggregate investment dynamics only through financial intermediary channels is limited in the cases of private and public investments. |
2011 |
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6. | Asongu, Simplice A New financial intermediary development indicators for developing countries 2011. Abstract | Links | BibTeX | Tags: Developing countries, Finance; Development; Formalization, panel @workingpaper{Asongu2011bq, title = {New financial intermediary development indicators for developing countries}, author = {Simplice A Asongu}, editor = {African 2011 Governance and Development Institute WP/11/005}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/New-financial-development-indicators-for-developing-countries.pdf}, year = {2011}, date = {2011-05-01}, abstract = {Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD) and unites two streams of research. It contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of economic development by means of informal financial sector promotion and microfinance. The paper suggests a practicable way to disentangle the effects of the various financial sectors on economic developments.}, keywords = {Developing countries, Finance; Development; Formalization, panel}, pubstate = {published}, tppubtype = {workingpaper} } Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD) and unites two streams of research. It contributes at the same time to the macroeconomic literature on measuring financial development and responds to the growing field of economic development by means of informal financial sector promotion and microfinance. The paper suggests a practicable way to disentangle the effects of the various financial sectors on economic developments. |