Simplice Asongu

Simplice Asongu
African Governance and Development Institute · Research Department

PhD

About

938
Publications
323,683
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19,310
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Introduction
Lead Economist and Director of the African Governance and Development Institute (Research Department). My research interest include, inter alia: Knowledge Economy, Inclusive Development, Development Models and Financial Development.

Publications

Publications (938)
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The ICT-income inequality relationship and the governance quality-income inequality nexus have been investigated in recent years. However, the moderating effect of ICT on the governance quality-income inequality linkage has been largely ignored. To fill this gap in the literature, this study examines the moderating effect of ICT on the relationship...
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Agriculture remains one of the major sources of livelihood in West Africa. The sector accounts for a significant share of output and employment in the sub-region. However, extreme weather events have been signaled to affect the sector's productivity in recent times. In this study, we investigate the heterogeneous long-run relationship between clima...
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At the 2010 G20 Summit, the use of formal financial services was recognized as one of the main pillars of the global development agenda. At the same time, the fifth goal of the Sustainable development agenda outlined the importance of gender inclusion for sustainable development. Empirical research on the effect of gender inclusion on inclusive fin...
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The aim of this paper is to analyse the impact of digital divide on income inequality in sub-Saharan Africa over the period 2004-2016. In applying a finite mixture model (FMM) to a sample of 35 sub-Saharan African (SSA) countries, this study posits that digital divide affects income inequality differently. Our findings show that the effect of digit...
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Purpose The paper explores the dark side of economic openness by examining empirically the nexus between the globalization process and human trafficking. Specifically, it is about showing in a global perspective how the growing process of free movement of people, goods, capital, services and information technology make the globe a connected web of...
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Generally, the revolutionary idea behind using information and communication technology (ICT) has improved potential productivity in many industries, particularly in Africa. ICT is an essential tool in the oil and gas industry and plays a complementary role in technological dynamics and cross-sectoral productivity. For the educational sector, ICT f...
Preprint
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We extend Koomson and Danquah (2021, EP) in order to understand if and how the age of the household head matters in the incidence of financial inclusion on energy poverty in Ghana. We revisit the underlying study within a framework of interactive regressions in order to establish household head ages that should be avoided in order for financial inc...
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Understanding the role of information communication and technology (ICT) in envi�ronmental issues stemming from extensive energy consumption and carbon dioxide emission in the process of economic development is worthwhile both from policy and scholarly fronts. Motivated on this premise, the study contributes to the rising studies associated with...
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Over the past decade, a growing number of studies have examined the role of agricultural export in economic growth in Africa. The literature, however, provides conflicting results about the agricultural export-led growth hypothesis. In this study, we aim to re-examine the impact of agricultural export on economic growth by performing a meta-analysi...
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This study provides minimum economic growth (or GDP growth) critical masses or thresholds that should be exceeded in order for demand-side mobile money factors to favorably drive mobile money innovations for financial inclusion in developing countries. The considered mobile money innovations are: mobile money accounts, the mobile phone used to send...
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The question of what really drives economic growth in sub-Saharan Africa (SSA) has been debated for many decades now. However, there is still a lack of clarity on variables crucial for driving growth as prior contributions have been executed at the backdrop of preferential selection of covariates in the midst several of potential drivers of economi...
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The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate the incidence of some macroeconomic factors (i.e. domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub-Saharan Africa with data from 2002 to 2018, and the Generaliz...
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This study assesses how business/financial sustainability in the perspective of financial stability moderates information technology to influence female economic participation in 49 countries in Sub-Saharan Africa for the period 2008-2018. The empirical evidence is based on Tobit regressions that enabled the study to account for the censored nature...
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The study complements the extant literature by using a process tracing technique to assess how theoretical and textual insights into employee adjustments and wellbeing in the period of the Covid-19 pandemic withstand analytical scrutiny within the frameworks human resource management (HRM) and more contemporary literature. The Covid-19 pandemic pos...
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Several previous studies have explored the nexus between trust and socioeconomic conditions but do not attempt to examine channels through which the relation operates. In this paper, we examine how political fractionalization mitigates the positive relationship between trust institutions and national economic performance in Africa. Using Round 7 da...
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The objective of the paper is to evaluate whether there is a change in the level or trend of food prices in fragile countries following the Covid-19 pandemic and the Russia-Ukraine war. The empirical evidence is based on Interrupted Time Series Analysis. The following findings are established. Firstly, an immediate and sustained positive effect is...
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This study complements the extant literature by assessing how enhancing supply factors of mobile technologies affect mobile money innovations for financial inclusion in developing countries. The mobile money innovation outcome variables are: mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money. The m...
Chapter
Microfinance is one of the key development finance tools intended to reduce poverty in developing regions such as Africa. In this chapter, we review the sustainability, growth and impact of MFIs in Africa. Though MFIs in Africa were financially self-sustainable, they had the lowest FSS ratio globally. Surprisingly, we found that MFIs in Africa were...
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In developing countries, taxation is perceived as a brake on economic growth. Indeed, taxes in most of these countries are not sufficiently adapted to the specificity of the taxpayer and often do not consider the weak administrative capacity of the countries in the region. In this context, reforms have been initiated over the last decade to create...
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Understanding the role of information communication and technology (ICT) in environmental issues stemming from extensive energy consumption and carbon dioxide emission in the process of economic development is worthwhile both from policy and scholarly fronts. Motivated on this premise, the study contributes to the rising studies associated with the...
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The objective of this study is to examine the effect of political inclusion on democracy in Africa. The results of the analyses through the OLS, system GMM, IV-Tobit and IV-2SLS show that gender political inclusion enhances democracy in Africa. This result is robust across alternative specifications of political inclusion and democracy. Besides, th...
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This study investigates the effects of aid grants on inclusive growth in 37 Sub-Saharan African countries for the period 1984-2018. Grant aid is decomposed into aid grants and technical cooperation grants. Two inclusive growth indicators are used namely: gross domestic product (GDP) per capita growth and unemployment rate. The dynamic panel autoreg...
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This study investigates the effects of aid grants on inclusive growth in 37 Sub-Saharan African countries for the period 1984-2018. Grant aid is decomposed into aid grants and technical cooperation grants. Two inclusive growth indicators are used namely: gross domestic product (GDP) per capita growth and unemployment rate. The dynamic panel autoreg...
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This study investigates the effect of globalisation on governance in 40 Sub-Saharan African countries for the period 2000-2019, with particular emphasis on income levels (low income versus middle income), legal origins (English common law versus French civil law), landlockedness (landlocked versus unlandlocked), resource wealth (oil-rich versus oil...
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Purpose The study assesses the non-linear nexus between fixed broadband and economic growth. The study focuses on data from 33 African countries for the period 2010 to 2020. Design/methodology/approach The empirical evidence is based on unit root tests, panel smooth transition regression and the generalized method of moments. Findings The followi...
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This paper proposes a synthetic indicator of the quality of support for companies as well as identifies the factors that can contribute towards improving the quality of such support in three countries (i.e., Burkina-Faso, Cameroon, and Ghana). The approach used to construct this synthetic indicator builds on the works of Benzécri (1973) and Asselin...
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Access to finance is perceived as one of the major problems facing businesses in Sub-Saharan Africa, as well as the structures that support them in their development. This paper aims to measure the probability that a support structure with given characteristics, specific services to entrepreneurs and some technical capacities will face large-scale...
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Motivated by the momentous rise in the new economy, the implementation of the African Continental Free Trade Area agreement, and the expected rebound of foreign direct investment to Africa from 2022, this study examines the joint effects of industrialisation and digital infrastructure on resource mobilisation in Africa. To this end, we mine data fo...
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Over the years, agriculture has been considered as a panacea for long-term economic growth as believed by the physiocracy school of thought. Aligning this with the United Nations’ Sustainable Development Goals (specifically UN-SDG-2 which highlights zero hunger), the present study empirically complements existing studies by exploring the interactio...
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This study complements the extant literature by assessing how the rule of law and political stability modulate tourism development dynamics (i.e. tourism receipts and tourism expenditure) to affect economic development in terms of gross domestic product (GDP) per capita. The study focuses on 47 countries in sub-Saharan Africa (SSA) with data for th...
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The purpose of this special issue is to contribute to the growing body of literature on the externalities of information technology within the specific remit of the relationship between information technology and sustainability outcomes in developing countries, not least because of the sparse scholarship on the subject focusing on developing countr...
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Motivated by the momentous rise in information and communication technology (ICT) diffusion, the implementation of the African Continental Free Trade Area (AfCFTA) agreement, and the expected rebound of foreign direct investment inflow to Africa from 2022, this study examines the joint effects of industrialisation and ICT diffusion on resource mobi...
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Full-text available
The study assesses the non-linear nexus between fixed broadband and economic growth. It focuses on data from 33 African countries for the period 2010 to 2020. The empirical evidence is based on unit root tests, panel smooth transition regression, and the generalized method of moments. The following findings are established: (i) The proportion of th...
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The study has contributed to the extant literature on the relevance of the African Continental Free Trade Agreement (AfCFTA) by assessing how financial development dynamics can moderate the incidence of African trade integration on female labour force participation. The focus is on 47 African countries for the period 1995 to 2019 and the empirical...
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Full-text available
This study complements the extant literature by assessing how the rule of law and political stability modulate tourism development dynamics (i.e. tourism receipts and tourism expenditure) to affect economic development in terms of gross domestic product (GDP) per capita. The study focuses on 47 countries in sub-Saharan Africa (SSA) with data for th...
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Purpose Given that the literature on the links between taxation and inclusive human development is ambiguous, it is important to investigate whether the mediating influence of governance in taxation for inclusive development exists. Thus, this study aims to explore the linkages between the governance quality, taxation and inclusive human developmen...
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We assess the correlations between tribalism and financial development in 60 countries using data averages from 2000-2010. The tribalism index is used to measure tribalism whereas financial development is measured from perspectives of financial intermediary and stock market developments. The long term finance variable is stock market capitalisation...
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This study empirically examines the effect of tourism and ICT on inclusive development. Inclusive development is approached as human development adjusted for environmental sustainability; ICT is based on mobile phones subscription rate, internet penetration and fixed broadband subscription and a composite indicator of these, while tourism is approa...
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This study investigates the effects of historical prevalence of infectious diseases on contemporary sustainable development. Previous studies reveal numerous proximate causes of sustainable development, but little is known about the fundamental determinants of this widespread economic concern. The novelty of this paper lies in the adoption of a his...
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Full-text available
Over the years, agriculture has been considered as a panacea for long-term economic growth as believed by the physiocracy school of thought. Aligning this with the United Nations' Sustainable Development Goals (specifically UN-SDG-2 which highlights zero hunger), the present study empirically complements existing studies by exploring the interactio...
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Full-text available
The objectives of this paper are to investigate the effect of ICT on sustainable development and the mechanisms through which the effect is modulated. The methodology involves the: (i) Fixed Effects estimator to control for individual heterogeneity, (ii) Driscoll and Kraay estimator to control for cross-section dependence between panels, (iii) the...
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We examine the impact of multinational oil companies’ (MOCs’) corporate social responsibility (CSR) on traditional practices recognised as violence against women and girls (VAWG) in Nigeria’s oil region. Results from a combined propensity score matching and logit model indicate that MOCs’ CSR plays a significant role in empowering women and girls w...
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Given that the literature on the links between taxation and inclusive human development is ambiguous, it is important to investigate whether the mediating influence of governance in taxation for inclusive development exists. Thus, this study explores the linkages between the governance quality, taxation and inclusive human development (i.e., inequa...
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Full-text available
This chapter surveys the literature on the political-economy of oil and gas governance by focusing on the exploration, production and revenue sharing in the hydrocarbon sector. Emphasis is placed on the extent to which oil and gas governance is shaped by geopolitics and interparty-party politics. We argue that the interests and ideas relative to th...
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This study examines the effects of the historical prevalence of infectious diseases on contemporary gender equality. Previous studies reveal the persistence of the effects of historical diseases on innovation, through the channel of culture. Drawing on the Parasite-Stress Theory, we propose a framework which argues that historical prevalence of inf...
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Purpose This study aims to investigate the direct and indirect linkages between financial development and inclusive human development in African countries. Design/methodology/approach The study employs a battery of estimation techniques, notably: two-stage least squares, fixed effects, generalized method of moments and Tobit regressions. The depen...
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This study investigates direct and indirect linkages between financial development and inclusive human development in data panels for African countries. It employs a battery of estimation techniques, notably: Two-Stage Least Squares, Fixed Effects, Generalized Method of Moments and Tobit regressions. The dependent variable is the inequality adjuste...
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Whilst self-service technologies (SSTs) are novel and evolving, they have rapidly grown popular across various retail service settings. Having been introduced into the Nigerian banking space, the level of customers’ satisfaction from the system is still unknown given that it has disrupted the initial service setup customers were used to. Utilising...
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This study examined the research trends on reputational risk in banks using a systematic literature review and network analysis (SLRNA) approach on 35 research articles published between 2010 and 2020. It was found that only developed countries (i.e., the United States and Europe) have been actively contributing to research on reputational risks in...
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The objective of this study is to evaluate: (i) the effects of infrastructures on CO2 emission and (ii) how trade openness and governance contribute to mitigating these effects. The results from the system GMM methodology for 36 African countries between the 2003-2019 period show that infrastructural development exacerbates CO2 emission in Africa....
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This paper measures the macroeconomic impact of recent political crisis, protest and uprisings in Africa with the generalized synthetic control method and evaluates the role played by natural resource dependence in the modulation of the impact. We find that political crisis, protests and uprisings have a significant and negative impact on economic...
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Financial sector performance is increasingly linked with the transition to renewable energy in the sustainability discourse of developing economies. This paper examines the nexus and implication (s) of financial development on renewable energy consumption in Nigeria (the largest and most p opulous economy in Africa). Specifically, this study utilis...
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Purpose-The purpose of this paper is to critically examine the multinational oil companies' (MOCs) corporate social responsibility (CSR) initiatives in Nigeria. Its special focus is to investigate the impact of the global memorandum of understanding (GMoU) on reducing incidents of electoral violence in the oil-producing communities. Design/method...
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The objectives of this paper are to verify the linear and the non-linear effects of infrastructural development on inclusive human development in Africa. The results of the system GMM estimations show a positive effect of infrastructural development on inclusive development across all the infrastructural development indexes employed, except the ICT...
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The study provides insights into how tourism can be managed to improve financial access in sub-Saharan Africa. The empirical evidence is based on the generalised method of moments. To make this assessment, inequality dynamics (i.e. the Gini coefficient, the Atkinson index and Palma ratio) are interacted with tourism (tourism receipts and touristsâ€...
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The study provides insights into how tourism can be managed to improve financial access in sub-Saharan Africa. The empirical evidence is based on the generalised method of moments. To make this assessment, inequality dynamics (i.e. the Gini coefficient, the Atkinson index and Palma ratio) are interacted with tourism (tourism receipts and tourists'...
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Corruption remains a major challenge to sustainable economic growth, good governance, peace, and stability in both developed and developing countries. However, in developing countries, and particularly in Africa, hunger is another big challenge to inclusive economic development. To date, no empirical study has examined the effects of different type...
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Recently, Africa has witnessed an upsurge in its infrastructure endowments mostly attributed to developments in the ICT sector. At the same time, while CO2 emission is reducing in other regions such as Europe, Africa is rather witnessing an upsurge. The objective of this study is to evaluate: (i) the effects of infrastructures on CO2 emission and (...
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The need for gender inclusion was highlighted as the fifth sustainable development goal (SDG) (i.e. SDG5) and policies have been gearing towards attaining this objective and its subsequent effect on macroeconomic outcome. Equally, the demonstrated trend of infrastructures in Africa in terms of stocks and future need is unique compared to the rest o...
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In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing "voice & accountability" and political stability) and institutional governance (consis...
Preprint
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Being a mono-economic nation, Nigeria is undergoing a tremendous economic crisis due to the increased impact of recession after the global pandemic appeared. The present scenario of COVID-19 and the prevalent economic crisis in Nigeria demand a crisis response. This study develops a crisis response theory that could help Nigeria sustain itself in t...
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This research assesses the importance of financial access on value added in three economic sectors in 25 countries in Sub-Saharan Africa using data for the period 1980–2014. The empirical evidence is based on the Generalized Method of Moments. Financial access is measured with private domestic credit, while the three outcome variables are: value ad...
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This article investigates the asymmetric effect of internet access (index of the internet) on economic growth in 42 sub-Saharan African (SSA) countries over the period 2008–2018. The estimation procedure is obtained following a dynamic panel threshold regression technique via 1000 bootstrap replications and the 400 grids search developed by Hansen...
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This article investigates the asymmetric effect of internet access (index of the internet) on economic growth in 42 sub-Saharan African (SSA) countries over the period 2008-2018. The estimation procedure is obtained following a dynamic panel threshold regression technique via 1000 bootstrap replications and the 400 grids search developed by Hansen...
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This study was conducted in the Ziarat district of Balochistan to determine the socioeconomic determinants of the awareness and adoption of apple production practices in 2019. This study selected Ziarat district to investigate socioeconomic determinants of the awareness and adoption of apple production because it is located in the center of the hig...
Article
The struggle to combat climate change remains complex and challenging. Currently, two climate change approaches, namely, mitigation and adaptation, have been widely supported. These are empirical, requiring further explanation of the main drivers of carbon emissions. This research seeks to tackle this problem by providing a strategy to reduce clima...
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Compared to other regions of the world, the potential for information technology penetration in sub-Saharan Africa (SSA) is very high. Unfortunately, productivity levels in the region are also very low. This study investigates the importance of information technology in influencing the effect of foreign direct investment (FDI) on total factor produ...
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Purpose The purpose of this paper is to examine the effect of foreign bank assets (FBA) and (FBP) presence is examined on banking stability in the economies with strong and weak country-level corporate governance (CLCG) in Africa between 2006 and 2015. Design/methodology/approach Using a Prais–Winsten panel data model of 86 banks in about 30 Afric...
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This study examines the effect of foreign bank assets and presence on banking stability in the economies with strong and weak country-level corporate governance in Africa between 2006 and 2015. Employing a Prais-Winsten panel data model on 86 banks in about 30 African economies, the findings on how foreign bank assets and presence influence banking...
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Purpose-This paper provides an analysis of the energy-carbon Kuznets curve hypothesis (CKC) using a second-generation panel methodology. Design/methodology/approach-Specifically, we investigate whether energy consumption, natural resources, and governance explain the CKC proposition. Our empirical strategy is based on the Westerlund panel cointegr...
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It is a well-established practice of many Sub-Sahara African (SSA) governments to aid entrepreneurs within both the formal and informal sectors in order to enhance their performance and growth. Unfortunately, there is no agreed method by which governments can differentiate between entrepreneurs and target them with the appropriate promotion policie...
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Using data for the period 2000 to 2019, the aim of this paper is to: (i) profile and compare research publications in regions and continents worldwide namely Africa, Western Europe, Eastern Europe, Northern America, Latin America, the Asiatic region, the Pacific region and the Middle East; (ii) assess factors associated with research productivity a...
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This study focuses on linkages between bank accounts and supply-side mobile money drivers for mobile money innovations. It seeks to understand how bank accounts can be complemented with mobile subscription and mobile connectivity dynamics (i.e., mobile connectivity coverage and mobile connectivity performance) for mobile money innovations. The empi...
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Purpose This study investigates (1) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and economic growth dynamics and (2) the relevance of value added from three economic sectors in modulating the established effect of FDI on TFP and economic growth dynamics. Design/methodology/approach The geographical and temporal...
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Structural change is seen by development economics theorists as a driver of sustained and sustainable economic growth. African countries that have understood this prioritize structural change policies in their national development programs in order to reduce poverty and promote employment through commodity-based industrialization. How does infrastr...
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Given that challenges on the issue of socioeconomic development faced by countries in sub-Saharan Africa (SSA) have been identified as critical to strengthening the inherent link between governance and socioeconomic conditions, this study examines the interconnections between governance and socioeconomic conditions in SSA. With a focus on 25 countr...
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Despite growing attention on the role of renewable energy in promoting economic growth and environmental sustainability, its adoption rate remains uncomfortably low, especially in developing countries. This study attempts to explore the ways to extend the installed capacity of renewable energy in 16 sub-Saharan African (SSA) countries over the peri...
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This paper is interested in explaining the causes of the simultaneous evolution between economic growth and informality. Using a large annual panel of African countries with a time series of 25 years, ours results show that when the corruption rate is above (below) a threshold of 1.3577, economic growth reduces (increases) informal economic sector....
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The main objective of this paper is to contribute to in-depth literature on the relationship between growth and the informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic performance (increase or decrease of the informal sector) will be discussed. To the best of our knowledge, our pape...
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Full-text available
It is a well-established practice of many Sub-Sahara African (SSA) governments to aid entrepreneurs within both the formal and informal sectors in order to enhance their performance and growth. Unfortunately, there is no agreed method by which governments can differentiate between entrepreneurs and target them with the appropriate promotion policie...
Article
Full-text available
Purpose The purpose of this study is to assess the nexus between governance and renewable energy consumption in Sub-Saharan Africa (SSA). Design/methodology/approach The focus is on 44 countries in SSA with data from 1996 to 2016. The empirical evidence is based on Tobit regressions. Findings It is apparent from the findings that political and in...
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Full-text available
The purpose of this study is to assess the nexus between governance and renewable energy consumption in sub-Saharan Africa. The focus is on 44 countries in Sub-Saharan Africa with data from 1996 to 2016. The empirical evidence is based on Tobit regressions. It is apparent from the findings that political and institutional governance are negatively...
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This research assesses the relevance of enhancing remittances on value added across economic sectors in sub-Saharan Africa for the period 1980 to 2014 using the Generalised Method of Moments. First, no significant net effects on added value to the agricultural sector are apparent. Second, enhancing remittances engenders a positive net effect on add...