Assessing marginal, threshold, and net effects of financial globalisation on financial development in Africa

Abstract

The present inquiry contributes to extant literature by simultaneously accounting for variations in

The Role of Information Sharing in Modulating the Effect of Financial Access on Inequality

“…Results are presented in terms of net impacts, marginal effects and thresholds at which public credit registries and private credit bureaus modulate financial access in order to reduce inequality. The notion of threshold is consistent with recent literature (see Batuo, 2015;Asongu, 2017;Asongu et al, 2017b). This threshold is a critical mass at which the modulating effect of a policy variable completely neutralizes an undesired effect from the independent variable of interest, so that ultimately there is a combined theoretically anticipated effect on the outcome variable.…”

Globalization and terror in Africa

“…In essence, while economic openness consists of both trade openness and financial openness, there is some consensus in the literature that trade openness has less detrimental macroeconomic outcomes when compared to financial openness in developing countries (Rodrik & Subramanian, 2009;Asongu, 2014Asongu, , 2017Price & Elu, 2014;Motelle & Biekpe, 2015). It follows that the positive rewards of trade openness may decrease the propensity of citizens to resort to terror tactics as a means of voicing their concerns on the questionable benefits of economic globalization.…”

Dynamic openness and finance in Africa

“…First, with regard to financial openness, the decision on whether to move to an open economic account (from a closed economic account) has been the subject of much heated debated in the literature (see Asongu, 2017). Consistent with Asongu and De Moor (2017), there are two main positions on the importance of capital account openness when it comes to understanding its implications for developing countries.…”