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
2015 |
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1. | Asongu, Vanessa Tchamyou Simplice S A Inequality, Finance and Pro-Poor Investment in Africa 2015. Abstract | Links | BibTeX | Tags: Finance; Investment; Poverty; Inequality; Africa @workingpaper{Asongu2015bb, title = {Inequality, Finance and Pro-Poor Investment in Africa}, author = {Vanessa Tchamyou S Simplice A. Asongu}, editor = {African 2015 Governance and Development Institute WP/15/052}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inequality-finance-and-pro-poor-investment-in-Africa.pdf}, year = {2015}, date = {2015-12-01}, abstract = {This study complements existing literature by investigating how investment-driven finance affects inequality in Africa. The empirical evidence is based on restricted and unrestricted TwoStage Least Squares and a pre-crisis periodicity (1980-2002). Inequality is measured with estimated household income inequality whereas financial development is proxied with financial depth (money supply and liquid liabilities), financial efficiency (at banking and financial system levels), financial activity (from banking and financial system perspectives) and financial size. The findings show that with the exception of foreign investment, financial dynamics of depth, efficiency, activity and size enhance equalizing income-distribution through domestic, private and public investment channels. Policy implications are discussed with particular emphasis on improving inclusive development for the post-2015 sustainable development agenda. Notably, in the current transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), mobilizing domestic resources for investment purposes may have greater inclusive benefits than overly reliance on foreign sources of capital.}, keywords = {Finance; Investment; Poverty; Inequality; Africa}, pubstate = {published}, tppubtype = {workingpaper} } This study complements existing literature by investigating how investment-driven finance affects inequality in Africa. The empirical evidence is based on restricted and unrestricted TwoStage Least Squares and a pre-crisis periodicity (1980-2002). Inequality is measured with estimated household income inequality whereas financial development is proxied with financial depth (money supply and liquid liabilities), financial efficiency (at banking and financial system levels), financial activity (from banking and financial system perspectives) and financial size. The findings show that with the exception of foreign investment, financial dynamics of depth, efficiency, activity and size enhance equalizing income-distribution through domestic, private and public investment channels. Policy implications are discussed with particular emphasis on improving inclusive development for the post-2015 sustainable development agenda. Notably, in the current transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), mobilizing domestic resources for investment purposes may have greater inclusive benefits than overly reliance on foreign sources of capital. |
2013 |
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2. | Asongu, Simplice A Journal Article The African Finance Journal, 15 (2), pp. 44-66, 2013. Abstract | BibTeX | Tags: Finance; Investment; Poverty; Inequality; Africa @article{Asongu_749, author = {Simplice A Asongu}, year = {2013}, date = {2013-08-14}, journal = {The African Finance Journal}, volume = {15}, number = {2}, pages = {44-66}, abstract = {This paper examines how domestic, foreign, private and public investments affect income-inequality through financial intermediary dynamics. With the exception of financial allocation efficiency, financial channels of depth and activity are good for the poor as they diminish estimated household income-inequality. Financial size does not have a significant income-redistributive effect. Financial efficiency has a disequalizing effect, implying policies designed to improve the allocation of mobilized funds only benefit the rich to the detriment of the poor. The use of financial and investment dimensions previously missing in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed.}, keywords = {Finance; Investment; Poverty; Inequality; Africa}, pubstate = {published}, tppubtype = {article} } This paper examines how domestic, foreign, private and public investments affect income-inequality through financial intermediary dynamics. With the exception of financial allocation efficiency, financial channels of depth and activity are good for the poor as they diminish estimated household income-inequality. Financial size does not have a significant income-redistributive effect. Financial efficiency has a disequalizing effect, implying policies designed to improve the allocation of mobilized funds only benefit the rich to the detriment of the poor. The use of financial and investment dimensions previously missing in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. |
2011 |
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3. | Asongu, Simplice A Finance and Inequality: Exploring Pro-Poor Investment Channels in Africa 2011. Abstract | Links | BibTeX | Tags: Finance; Investment; Poverty; Inequality; Africa @workingpaper{Asongu2011b, title = {Finance and Inequality: Exploring Pro-Poor Investment Channels in Africa}, author = {Simplice A Asongu}, editor = {African 2011 Governance and Development Institute WP/11/016}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Finance-and-Inequality.-Exploring-Pro-poor-Investment-Channels-in-Africa.pdf}, year = {2011}, date = {2011-12-01}, abstract = {Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to lack of relevant data. This paper integrates previously missing investment and financial components in the assessment of how finance affects pro-poor investment channels. Findings reveal, but for the case of foreign investment, financial development dynamics of depth, efficiency, activity and size have an equalizing effect on income distribution through private, public and domestic investment channels. As a policy implication investment-targeted financial reforms that aim to curb poverty should take account of the disequalizing income-effect of foreign investment in undeveloped countries.}, keywords = {Finance; Investment; Poverty; Inequality; Africa}, pubstate = {published}, tppubtype = {workingpaper} } Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to lack of relevant data. This paper integrates previously missing investment and financial components in the assessment of how finance affects pro-poor investment channels. Findings reveal, but for the case of foreign investment, financial development dynamics of depth, efficiency, activity and size have an equalizing effect on income distribution through private, public and domestic investment channels. As a policy implication investment-targeted financial reforms that aim to curb poverty should take account of the disequalizing income-effect of foreign investment in undeveloped countries. |
4. | Asongu, Simplice A Investment and Inequality in Africa: which financial channels are good for the poor? 2011. Abstract | Links | BibTeX | Tags: Finance; Investment; Poverty; Inequality; Africa @workingpaper{Asongu2011bj, title = {Investment and Inequality in Africa: which financial channels are good for the poor?}, author = {Simplice A Asongu}, editor = {African 2011 Governance and Development Institute WP/11/015}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Investment-and-Inequality-in-Africa.-Which-Financial-Channels-are-Good-for-the-Poor.pdf}, year = {2011}, date = {2011-11-01}, abstract = {This paper examines how domestic, foreign, private and public investments affect incomeinequality through financial intermediary dynamics. With the exception of financial allocation efficiency, financial channels of depth and activity are good for the poor as they diminish estimated household income-inequality. Financial size does not have a significant incomeredistributive effect. Financial efficiency has a disequalizing effect, implying policies designed to improve the allocation of mobilized funds only benefit the rich to the detriment of the poor. The use of financial and investment dimensions previously missing in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed.}, keywords = {Finance; Investment; Poverty; Inequality; Africa}, pubstate = {published}, tppubtype = {workingpaper} } This paper examines how domestic, foreign, private and public investments affect incomeinequality through financial intermediary dynamics. With the exception of financial allocation efficiency, financial channels of depth and activity are good for the poor as they diminish estimated household income-inequality. Financial size does not have a significant incomeredistributive effect. Financial efficiency has a disequalizing effect, implying policies designed to improve the allocation of mobilized funds only benefit the rich to the detriment of the poor. The use of financial and investment dimensions previously missing in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. |