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Long-term effects of population growth on aggregate investment dynamics: selected country evidence for Africa
Asongu, Simplice A. - 2011
from a long-run perspective by assessing the relationships between population growth and a plethora of investment dynamics …) deplete public investment but augment domestic investment in Zambia; (4) diminish private investment and improve domestic … investment in the Congo Republic and Sudan respectively. Practical implications - Mainstream positive linkage of population …
Persistent link: https://www.econbiz.de/10011390764
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How would population growth affect investment in the future? Asymmetric panel causality evidence for Africa
Asongu, Simplice A. - 2011
long-run perspective by assessing the relationships among population growth and a plethora of investment dynamics: public … findings reveal a long-run positive causal linkage from population growth to only public investment. But for domestic … investment, permanent fluctuations in human capital affect permanent changes in other forms of investments. Robustness checks on …
Persistent link: https://www.econbiz.de/10011390765
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Linkages between Investment Flows and Financial Development: Causality Evidence from Selected African Countries
Asongu, Simplice A. - 2012
assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short … investment elasticities are positive, investment elasticities of finance are negative; (2)but for Guinea Bissau, Mozambique and … Togo, finance does not seem to engender portfolio investment; (3)contrary to mainstream literature, financial efficiency …
Persistent link: https://www.econbiz.de/10011390809
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Politics and Consumer Prices in Africa
Asongu, Simplice A. - 2012
The motivations of the Arab Spring that have marked the history of humanity over the last few months have left political economists, researchers, governments and international policymakers pondering over how the quality of political institutions affect consumer welfare in terms of commodity...
Persistent link: https://www.econbiz.de/10011390823
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Globalization, Financial Development and Regional Economic Dynamics: asymmetric panel evidence from Africa
Asongu, Simplice A. - 2011
This paper examines how regionalization in the face of globalization has affected financial development in the context of banking system efficiency in Africa. Results which are robust to financial system efficiency and growth-led-finance nexus reveal that in the post-regionalization era: (1)...
Persistent link: https://www.econbiz.de/10011390771
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Financial Determinants of Human Development in Developing Countries
Asongu, Simplice A. - 2011
Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth...
Persistent link: https://www.econbiz.de/10011390775
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Law, Democracy and the Quality of Government in Africa
Asongu, Simplice A. - 2011
This paper examines the big questions of African comparative politics. It assesses the interaction of three crucial components in the development of the continent: law, democracy and quality of government. Political regimes of democracy, polity and autocracy are instrumented with income-levels,...
Persistent link: https://www.econbiz.de/10011390781
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Finance and Democracy in Africa
Asongu, Simplice A. - 2011
This paper focuses on how political regimes affect financial development in Africa, contingent on religious-domination, income-levels and colonial-legacies. The main findings are summarized as follows. Authoritarian regimes have a higher propensity to effect policies that favour the development...
Persistent link: https://www.econbiz.de/10011390784
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Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?
Asongu, Simplice A. - 2012
Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10011390787
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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
Asongu, Simplice A. - 2012
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10011390792