Dynamic Determinants of Access to Weapons: Global Evidence

Asongu, Simplice; Nnanna, Joseph

doi:10.1177/0015732519874210

Cited by 4 publications

(5 citation statements)

References 66 publications

(55 reference statements)

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“…The Sargan test thus confirms the validity of the instruments in the SGMM and is complementary to the significant Arellano-Bond test, at Order 1 (AR1) and Order 2 (AR2). Precisely, we based our confirmation of autocorrelation on AR(2) (p = .622 > .05), which did not reject the null hypothesis of no autocorrelation in our estimations at 5% conventional probability level (see Asongu & Nnanna, 2019a;Baum & Schaffer, 2013;Caporale, Cunado, & Gil-Alana, 2008;Chung, Kim, & Park, 2017). The endogeneity problem assumption that the dependent variables correlate with the error term is established with the reported p value (.000) being significant at conventional .05 significant level.…”

Section: Resultsmentioning

confidence: 71%

On the Dynamic Effect of Bilateral Concessional Debts on Living Standards in Sub-Saharan Africa

et al. 2019

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This article assesses the effectiveness of bilateral concessional debts on living standards in 29 sub-Saharan African (SSA) countries over the period 1999-2017 using the system generalized method of moments (SGMM). The SGMM linear estimate is based on a two-step procedure, which controls for heteroscedasticity. The results provide evidence that bilateral concessional debts had positive and significant impact on living standards as proxied by the human development index (HDI) within the period. It is observed that 1% change in bilateral concessional debts is associated with about 8.4% improvement in living standards. Gross domestic savings are positively and significantly related to living standards and account for 3.1% increase in living standards. However, gross domestic investment and population growth exerted a negative influence on living standards during the period, whereas a 1% increase in gross domestic investment and population led to approximately 1.40% and 1.63% decline in living standards in the region, respectively. We therefore conclude that, although bilateral concessional debts have yielded the desired effect on living standards in the SSA, there is need for improvements in aid effectiveness. Thus, improved donor effort and collaboration with beneficiary governments in determining development needs and priorities in the region is critical.

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Section: Resultsmentioning

confidence: 71%

On the Dynamic Effect of Bilateral Concessional Debts on Living Standards in Sub-Saharan Africa

et al. 2019

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“…Fourth, with the estimation approach, cross-country variations are not eliminated. This study employs the Roodman (2009) technique because it has been established in recent literature to produce more robust findings (Asongu & Nnanna, 2019; Tchamyou, 2019; Tchamyou & Asongu, 2017).…”

Section: Methodsmentioning

confidence: 99%

“…First, a major and longstanding financial development concern in Africa has been the substantially documented issue of surplus liquidity that is inhibiting financial access to corporations and households (Asongu, 2014a). Second, African business literature is consistent on the crucial need for foreign investment to finance the continent’s growing ambitions and projects (Asongu & Odhiambo, 2019). Third, the recent (2007–2008) financial crisis has reignited the debate over the benefits of regional financial integration and consequences of increasing financial globalisation in Africa (Asongu & Nnanna, 2020; Motelle & Biekpe, 2015; Price & Elu, 2014).…”

Section: Introductionmentioning

confidence: 99%

Financial Crisis, Globalisation and Development in Africa

Asongu

Nnanna²

2020

Foreign Trade Review

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This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004–2011 and Generalised Method of Moments. The following findings are established. First, whereas marginal effects from financial globalisation are positive on financial dynamics of activity and size, corresponding net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalisation returns are apparent for financial dynamics of depth and efficiency, corresponding net effects (negative thresholds) are positive (not within range). Third, financial development dynamics are more weakly stationary and strongly convergent in the pre-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post-crisis period is positive on financial system efficiency and pre-crisis period is positive on financial size. JEL Codes: F02, F21, F30, F40, O10

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“… 3 Studies that have used the same dataset have focused on: determinants of access to weapons (Asongu and Nnanna 2019a); contemporary drivers of global tourism (Asongu et al 2019), and linkages between military expenditure, insecurity dynamics, and tourism (Asongu and Acha-Anyi 2020; Asongu, Uduji, and Okolo-Obasi 2019). …”

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confidence: 99%

Drivers and Persistence of Death in Conflicts: Global Evidence

2020

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We investigate persistence and determinants of deaths from conflicts in a sample of 163 countries for the period 2010–2015. The empirical evidence is based on the Generalized Method of Moments. First, the findings are contingent on income levels, religious domination, landlockedness, regional proximity, and legal origins. We find that the persistence of deaths in internal conflict is more apparent in coastal, French civil law, and Islam-oriented countries, compared to landlocked, English common law, Christian-oriented countries, respectively. Second, the following factors are generally responsible for driving deaths from internal conflicts: homicides, conflict intensity, and conflicts fought. Furthermore, incarcerations have negative effects on internal conflicts. Justifications for the established tendencies and policy implications are discussed.

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Dynamic Determinants of Access to Weapons: Global Evidence

Cited by 4 publications

References 66 publications

On the Dynamic Effect of Bilateral Concessional Debts on Living Standards in Sub-Saharan Africa

On the Dynamic Effect of Bilateral Concessional Debts on Living Standards in Sub-Saharan Africa

Financial Crisis, Globalisation and Development in Africa

Drivers and Persistence of Death in Conflicts: Global Evidence

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