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Does Intelligence Affect Economic Diversification?

Kodila-Tedika, Oasis; Asongu, Simplice - African Governance and Development Institute (AGDI) - 2014

This paper extends the growing literature on knowledge economy by investigating the effect of intelligence on economic diversification. Using a battery of estimation techniques that are robust to endogeneity, we find that human capital has positive correlations with export diversification,...

Persistent link: https://www.econbiz.de/10011266297

Law and Finance in Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011

This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …

Persistent link: https://www.econbiz.de/10010693282

Law, finance, economic growth and welfare: why does legal origin matter?

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial...

Persistent link: https://www.econbiz.de/10010693295

Development thresholds of foreign aid effectiveness in Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

development matter in the impact of aid on development. In substance its object is to assess if threshold development conditions … technique enables us to investigate if the relationship between development dynamics and development assistance differs … throughout the distributions of development dynamics. Findings – Three main findings are established. (1) With slight exceptions …

Persistent link: https://www.econbiz.de/10010862077

Financial development dynamic thresholds of financial globalization: evidence from Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

development has taken place in African countries. Design/methodology/approach – In framing the financial dimension in a more … the financial development benefits of financial globalization. The estimation approach consists of assessing the impact of … financial globalization through-out the conditional distributions of domestic financial development dynamics. Findings – The …

Persistent link: https://www.econbiz.de/10010862085

Fighting consumer price inflation in Africa. What do dynamics in money, credit, efficiency and size tell us?

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

Purpose – The purpose of this paper is to examine the effects of policy options in financial dynamics (of money, credit, efficiency and size) on consumer prices. Soaring food prices have marked the geopolitical landscape of African countries in the past decade. Design/methodology/approach –...

Persistent link: https://www.econbiz.de/10010862086

Reversed Economics and Inhumanity of Development Assistance in Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

Purpose – The purpose of this paper is to assess the aid-development nexus in 52 African countries using updated data … (1996-2010) and a new indicator of human development(adjusted for inequality). Design/methodology/approach – The estimation … that development assistance is detrimental to GDP growth, GDP per capita growth and inequality adjusted human development …

Persistent link: https://www.econbiz.de/10010862095

On foreign aid distortions to governance

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

The Kangoye (2013, TDE) findings on the negative nexus between foreign aid unpredictability and governance could seriously affect debates in academic and policy making circles. Using the theoretical underpinnings of the celebrated Eubank (2012, JDS) literature, we first confirm Kangoye’s...

Persistent link: https://www.econbiz.de/10010862107

A Development Consensus reconciling the Beijing Model and Washington Consensus: Views and Agenda

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a … critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal … institutional diversity matter in the development process. We synthesize perspectives from over 150 recently published papers on …

Persistent link: https://www.econbiz.de/10010887031

The Evolving Debate on the Effect of Foreign Aid on Corruption and Institutions in Africa

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

recently celebrated literature on development assistance. Overall, the findings show that the effects of foreign aid on … capacity levels; contingent on fundamental characteristics of development due to heterogeneity and; indirectly positive or …

Persistent link: https://www.econbiz.de/10010887032