Papers by Simplice Asongu (PhD)
Open Agriculture
Over the years, agriculture has been considered as a panacea for long-term economic growth as bel... more 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 interactions between agriculture, trade openness, and oil rents using annual time frequency series data from 1981–2017. A series of analyses is conducted. First, a battery of non-stationarity and stationarity unit root tests are performed; these range from the traditional Augmented Dickey-Fuller (ADF) and Phillips–Perron (PP) techniques to the relatively recent Zivot Andrews (ZA) unit root test which accounts for a single structural break to ascertain stationarity properties in the variables under review. Subsequently, the recent Bayer–Hanck cointegration test in conjunction with the Johansen cointegration test was used for the cointegration analysi...
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SSRN Electronic Journal
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The study examines the role of global predictors on national monetary policy formation for Kenya ... more The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our model robust to rigorous stochastic number of subjective choices. Our simulation result indicates that global factors account for the inability of national Central Banks to predict the behaviour of macroeconomic and financial variables among these developing nations.
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Social Responsibility Journal, 2020
Purpose The purpose of this paper is to critically examine the multinational oil companies’ (MOCs... more 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 irregular migration urge of rural youths in the oil-producing communities. Design/methodology/approach This paper adopts a survey research technique, aimed at gathering information from a representative sample of the population, as it is essentially cross-sectional, describing and interpreting the current situation. A total of 2,100 households were sampled across the Niger Delta region of Nigeria. Findings The results from the use of a combined propensity score matching and logit model indicate that GMoU model has made significant impact in dissuading young people from irregular migration drive. Practical implications This implies that if the MOCs increase the CSR intervention on young development initiatives that focus on crea...
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SSRN Electronic Journal, 2020
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International Journal of Finance & Economics, 2020
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Journal of Economic Integration, 2020
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Journal of Economic Structures, 2020
This study assesses the simultaneous openness hypothesis that trade modulates foreign direct inve... more This study assesses the simultaneous openness hypothesis that trade modulates foreign direct investment (FDI) to induce positive net effects on total factor productivity (TFP) dynamics. Twenty-five countries in Sub-Saharan Africa and data for the period 1980 to 2014 are used. The empirical evidence is based on the Generalized Method of Moments. First, trade imports modulate FDI to overwhelmingly induce positive net effects on TFP, real TFP growth, welfare TFP and real welfare TFP. Second, with exceptions on TFP and welfare TFP where net effects are both positive and negative, trade exports modulate FDI to overwhelmingly induce positive net effects on real TFP growth and welfare real TFP. In summary, the tested hypothesis is valid for the most part. Policy implications are discussed.
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SSRN Electronic Journal, 2019
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SSRN Electronic Journal, 2019
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SSRN Electronic Journal, 2019
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SSRN Electronic Journal, 2018
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SSRN Electronic Journal, 2018
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SSRN Electronic Journal, 2018
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SSRN Electronic Journal, 2018
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SSRN Electronic Journal, 2017
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Journal of Entrepreneurship in Emerging Economies, 2016
Purpose – This paper aims to assess how entrepreneurship affects knowledge economy (KE) in Africa... more Purpose – This paper aims to assess how entrepreneurship affects knowledge economy (KE) in Africa. Design/methodology/approach – Entrepreneurship is measured by indicators of starting, doing and ending business. The four dimensions of the World Bank’s index of KE are used. Instrumental variable panel-fixed effects are applied on a sample of 53 African countries for the period of 1996-2010. Findings – The following are some of the findings. First, creating an enabling environment for starting business can substantially boost most dimensions of KE. Second, doing business through mechanisms of trade globalization has positive effects from sectors that are not information and communication technology (ICT) and high-tech oriented. Third, the time required to end business has negative effects on KE. Practical implications – The findings confirm the narrative that the technology in African countries at the moment may be more imitative and adaptive for reverse engineering in ICTs and high-t...
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SSRN Electronic Journal, 2016
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SSRN Electronic Journal, 2016
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SSRN Electronic Journal, 2014
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Papers by Simplice Asongu (PhD)
Design/methodology/approach – Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle disturbances while all dimensions identified by the Financial Development and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities), financial system efficiency (at banking and financial system levels), financial system activity (from banking system and financial system perspectives) and financial size. The empirical evidence is based on the Generalised Method of Moments with forward orthogonal deviations.
Findings- The following findings are established. First, financial globalisation uncertainty does not significantly affect money supply, financial system deposits and financial size. Second, the uncertainty increases banking system efficiency, banking system activity and financial system activity. Moreover, the positive effects are consistently driven by above-median uncertainty levels.
Practical implications- It follows that uncertainty in foreign capital flows may be a disguised advantage for domestic financial development, especially in dealing with the substantially documented issue of surplus liquidity in African financial institutions. Moreover, the sceptical view in the financial globalisation literature that ‘allocation efficiency’ is only plausible in the absence of uncertainty/instability is not substantiated by the findings. Justifications for the nexuses and other policy implications are discussed.
Originality/value- To the best of our knowledge this is the first study to assess the effects of financial globalisation uncertainty on financial development in Africa using time-dynamic measurements of financial globalisation uncertainty and all dimensions identified by the Financial Development and Structure Database of the World Bank.