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The Effects of Remittances on Output per Worker in Sub-Saharan Africa: A Production Function Approach
Ssozi, John; Asongu, Simplice - African Governance and Development Institute (AGDI) - 2014
This paper uses a production function to examine the channels through which remittances affect output per worker in 31 Sub-Saharan Africa (SSA) countries from 1980-2010. We find that remittances directly increase output per worker if complemented with education. The indirect effects vary with...
Persistent link: https://www.econbiz.de/10011103382
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State fragility, rent seeking and lobbying: evidence from African data
Asongu, Asongu Simplice; Kodila-Tedika, Oasis - African Governance and Development Institute (AGDI) - 2013
This paper assesses the determinants of state fragility in sub-Saharan Africa using hitherto unexplored variables in the literature. The previously missing dimension of nation building is integrated and the hypothesis of state fragility being a function of rent seeking and/or lobbying by de...
Persistent link: https://www.econbiz.de/10010693284
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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
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African Development: Beyond Income Convergence
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates …
Persistent link: https://www.econbiz.de/10010695998
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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …
Persistent link: https://www.econbiz.de/10010696005
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Institutions and Poverty: A Critical Comment Based on Evolving Currents and Debates
Asongu, Simplice; Kodila-Tedika, Oasis - African Governance and Development Institute (AGDI) - 2014
Tebaldi & Mohan (2010, JDS) have established an empirical nexus between institutions and monetary poverty. We first, reflect their findings in light of recent development models, debates and currents in post-2010 literature. We then re-examine their results with a non-monetary and...
Persistent link: https://www.econbiz.de/10011118305
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Law, Economic Growth and Human Development: Evidence from Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both … growth and human development beyond the mechanisms of law. Our results support the current consensus that, English common …-law countries provide for better legal systems that improve conditions for economic growth and human development than French civil …
Persistent link: https://www.econbiz.de/10010862076
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Development thresholds of foreign aid effectiveness in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
Purpose – This paper examines whether initial levels in GDP growth, GDP per capita growth and inequality adjusted human … distribution. This implies high-growth countries are more likely to benefit from development assistance (in terms of general … economic growth) than their low-growth counterparts. (2) The positive nexus between aid and per capita economic growth displays …
Persistent link: https://www.econbiz.de/10010862077
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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10010862079
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Correcting inflation with financial dynamic fundamentals: which adjustments matter in Africa?
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit (financial activity) and efficiency. Three main findings are established. (1) There are significant long-run relationships between inflation and the fundamentals. (2) The error...
Persistent link: https://www.econbiz.de/10010862080