Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance

Asongu, Simplice; Nwachukwu, Jacinta C.

doi:10.2139/ssrn.2885742

Cited by 7 publications

(6 citation statements)

References 78 publications

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“…This is essentially because, from OLS, corruption control has the highest negative relationship, and from QR, the negative correlation of corruption control increases with increasing levels of poor education quality. The relative importance of corruption control compared to other governance dynamics is consistent with recent African contemporary literature, notably, in fighting software piracy (Asongu and Andrés 2013), battling conflicts and crimes (Asongu and Kodila‐Tedika 2016), and stifling capital flight (Asongu and Nwachukwu 2017c). It is worthwhile to further discuss why corruption control is the best mechanism compared to other governance dynamics.…”

Section: Resultssupporting

confidence: 84%

The role of governance in quality education in sub‐Saharan Africa

Asongu¹,

Odhiambo²

2020

Int Social Sci J

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This paper examines the nexus between governance and education quality in a panel of 49 sub‐Saharan African countries over the 2000–2012 period. Ordinary least squares (OLS) and quantile regression (QR) are employed as estimation strategies. The following findings are established. First, from the OLS, governance variables are negatively correlated with poor education quality. Second, with regards to QR, about half of the governance dynamics are not significantly correlated with poor education quality in the lowest quantile of poor education quality. With the exception of corruption control, the other governance dynamics are negatively correlated with poor education quality in a non‐monotonic pattern.

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Section: Resultssupporting

confidence: 84%

The role of governance in quality education in sub‐Saharan Africa

Asongu¹,

Odhiambo²

2020

Int Social Sci J

Self Cite

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“…This is essentially because, from OLS, corruption-control has the highest negative relationship, and from QR, the negative correlation of corruption-control increases with increasing levels of poor education quality. The relative importance of corruption-control compared to other governance dynamics is consistent with recent African contemporary literature, notably, in: fighting software piracy (Asongu and Andrés 2013); battling conflicts and crimes (Asongu and Kodila-Tedika 2016) and stifling capital flight (Asongu and Nwachukwu 2017c). It is worthwhile the further discuss why corruption-control is the best mechanism compared to other governance dynamics.…”

Section: Resultssupporting

confidence: 82%

The Role of Governance in Quality Education in Sub-Saharan Africa

Asongu

Odhiambo

2020

SSRN Journal

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This paper examines the governance-"education quality" nexus in a panel of 49 sub-Saharan African countries over the period 2000-2012. Ordinary Least Squares (OLS) and Quantile regression (QR) are employed as estimation strategies. The following findings are established. First, from the OLS, governance variables are negatively correlated with poor education quality. Second, with regards to QR, about half of the governance dynamics are not significantly correlated with poor education quality in the lowest quantile of poor education quality. With the exception of corruption-control, the other governance dynamics are negatively correlated with poor education quality in a non-monotonic pattern.

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“…In the third strand pertaining to linkages between instability, capital flight and industrialisation, the instability of the politico-economic environment influences loss and/or damages of assets owing to capital flight (Collier et al, 2004;Davies, 2008;Ndikumana et al, 2015;Asongu & Nwachukwu, 2017;Asongu & Odhiambo, 2019). In essence, an environment that is characterised by terrorism is likely to be linked to higher investment risks and by extension, more capital flight.…”

Section: Intuition For the Linkages Between Terrorism Capital Flightmentioning

confidence: 99%

“…First, Africa has been plagued with growing levels of capital flight over the past decades (Asongu & Nwachukwu, 2017). In line with the narrative, thirty-three countries in Sub-Saharan Africa (SSA) lost approximately eight hundred and fourteen billion US Dollars (in constant of 2010 US Dollars) between 1970 and 2010.…”

Section: Introductionmentioning

confidence: 99%

A bad turn deserves another: linkages between terrorism, capital flight and industrialisation

Asongu

Nnanna²,

Nting

2021

SSRN Journal

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This study examines how the association between terrorism and capital flight affects the process of industrialization in 36 African countries. The empirical evidence is based on Generalised Method of Moments (GMM) and Quantile Regressions (QR). GMM-oriented findings show that capital flight interacts with terrorism to negatively affect industrialisation in 'domestic terrorism'-and 'total terrorism'-oriented regressions. With QR approach, the GMM results are confirmed exclusively in the 25 th and 50 th quantiles, in regressions pertaining to domestic terrorism, unclear terrorism and total terrorism. It follows that the negative effect from the investigated interaction is driven by bottom quantiles of the industrialisation distribution. This confirms existing literature that developed countries are more likely to limit the negative externalities from terrorism compared to their developing counterparts. Hence, the negative consequence of the association between terrorism and capital flight on industrialisation is a decreasing function of industrialisation.

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Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance

Abstract: This study investigates the effect of governance on capital flight by bundling and unbundling

Cited by 7 publications

References 78 publications

The role of governance in quality education in sub‐Saharan Africa

The role of governance in quality education in sub‐Saharan Africa

The Role of Governance in Quality Education in Sub-Saharan Africa

A bad turn deserves another: linkages between terrorism, capital flight and industrialisation

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