Mechanics of Investment Drivers in Chinese Economy

Shobande, Olatunji Abdul; Shodipe, Oladimeji Tomiwa

doi:10.1515/rebs-2019-0080

Cited by 5 publications

(3 citation statements)

References 43 publications

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“…Using the ARDL-bound Government domestic debt arrears test for cointegration, Fagbola et al (2020) showed that, in explaining the changes in foreign private investment inflow to Nigeria in both the short run and the long run, the countryspecific factors appear to be more relevant than the global factors. Also, when the drivers of investment in the Chinese economy were examined, there was a strong evidence supporting that earnings from exports, savings and final consumption expenditure are predictors of investment (Shobande and Shodipe, 2019). It is important to note that the effect of government domestic debt arrears on investment by the private sector, by far, has not been investigated directly in the literature.…”

Section: Determinants Of Private Investmentmentioning

confidence: 99%

Government domestic debt arrears and private investment in Sub-Saharan Africa

Kulu¹,

Brafu‐Insaidoo

Peprah

et al. 2022

AJEMS

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PurposeThis study investigates the effect of government domestic payment arrears on private investment. The authors argue that an increase in government domestic arrears can reduce private sector investment owing to the competition for credit.Design/methodology/approachThe prediction is empirically tested using data for 33 Sub-Saharan Africa (SSA) countries for the period 2007–2018 using a panel general methods of moment estimation technique. This is also complemented with impulse responses derived from the standard vector autoregressive model.FindingsThe results show that an increase in government domestic arrears adversely affects private investment in SSA and most subregional communities within SSA. It also revealed that private investment negatively responds to shocks in government domestic arrears.Originality/valueThis is the first study that attempts to investigate the effect of government domestic borrowing arrears on private investment. It seeks to serve as a guide to governments in their domestic borrowing decisions to ensure timely servicing.

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Section: Determinants Of Private Investmentmentioning

confidence: 99%

Government domestic debt arrears and private investment in Sub-Saharan Africa

Kulu¹,

Brafu‐Insaidoo

Peprah

et al. 2022

AJEMS

View full text Add to dashboard Cite

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“…In order to account for variable omission bias, three control variables are taken on board in the estimation exercises, notably: inflation, taxes on international trade and foreign direct investment (FDI). The choice of these variables is also motivated by contemporary international trade and economic development literature (Cipollina et al, 2016;Fonchamnyo & Akame, 2017;Dary & James, 2018;Blanas & Seric, 2018;Asongu & Kodila-Tedika, 2017;Bahmani-Oskooe & Gelan, 2018;Kaminchia, 2019;Shobande & Shodipe, 2019;Uysal & Mohamoud, 2019). In what follows, their expected signs are discussed.…”

Section: Datamentioning

confidence: 99%

Not all that glitters is gold: Political stability and trade in Sub-Saharan Africa

Asongu

Kossele

Nnanna³

2021

Crime Law Soc Change

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This study examines linkages between political stability and trade openness dynamics in a panel of 44 countries in SSA from 1996 to 2016. The empirical evidence is based on the generalized method of moments. From the findings, the negative relationship between political stability and merchandise trade is not significant while the negative relationship between political stability and trade openness (exports plus imports) is significant. Hence, the findings do not validate the tested hypothesis that political stability/no violence increases trade in the sub-region. The perspective that some forms of political stability can slow down and prevent international trade is consistent with Oslon in Rise and Decline of Nations (RADON) and recent contributions to the economic development literature which have shown that not all forms of political stability are development friendly because much depends on the extent to which stability translates into, inter alia, good governance. The principal policy implication is that standards of political governance need to be boosted in order to improve the anticipated effects of political stability on trade, especially in the light of the ambitious African Continental Free Trade Area (AfCFTA). Other policy implications are discussed.

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“…The variable proxy's for units of manufacturing that are categorized in relation to the principal mission that entails activities which are done manually (encompassing work in the household), factor-related and poweroriented machinery(United Nations, 1990). Moreover, such an industrialisation indicator has been adopted in recent literature, notably,Kang and Lee (2011), UNIDO(2013), Gui-Diby and Renard, (2015) andShobande and Shodipe (2019).…”

mentioning

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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Mechanics of Investment Drivers in Chinese Economy

Cited by 5 publications

References 43 publications

Government domestic debt arrears and private investment in Sub-Saharan Africa

Government domestic debt arrears and private investment in Sub-Saharan Africa

Not all that glitters is gold: Political stability and trade in Sub-Saharan Africa

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

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