A frica's Money in A frica

Nwachukwu

2014

Purpose -Education as a weapon in the fight against conflict and violence remains widely debated in policy and academic circles. Against the background of growing political instability in Africa and the central role of the knowledge economy in 21 st century development, this paper provides three contributions to existing literature. It assesses how political stability/ non-violence is linked to the incremental, synergy and lifelong learning effects of education.Design/methodology/approach -We define lifelong learning as the combined knowledge acquired during primary, secondary and tertiary education. Principal component analysis is used to reduce the dimensions of educational and political indicators. An endogeneity robust dynamic system Generalized Methods of Moments is used for the estimations.Findings -We establish three main findings. First, education is a useful weapon in the fight against political instability. Second, there is an incremental effect of education in the transition from secondary to tertiary schools. Third, lifelong learning also has positive and synergy effects. This means that the impact of lifelong learning is higher than the combined independent effects of various educational levels. The empirical evidence is based on 53 African countries for the period 1996-2010.Practical implications -A plethora of policy implications are discussed, inter alia: how the drive towards increasing the knowledge economy through lifelong learning can be an effective tool in the fight against violence and political insurgency in Africa.Originality/value -As the continent is nursing knowledge economy ambitions, the paper is original in investigating the determinants of political stability/non violence from three dimensions of education attainment: the incremental, the lifelong learning and a synergy effect.

Section: Further Discussion Implications and Concluding Remarksmentioning

confidence: 99%

The Role of Lifelong Learning in Political Stability and Non-Violence: Evidence from Africa

Nwachukwu

2014

“…Roland (2014) affirms that institutions help to reduce translation costs. Due to lack of longtime series data on institutional variables, such as those used by Osabuohien and Efobi (2013) from the World Governance Indicators 3 , we use polity2 to investigate whether institutions have enhanced the degree of responsiveness of the contributions of physical capital, human capital, and total factor productivity to output per worker. According to Cooray and Mallick (2010), "Remittance flows depend on a country's investment opportunities and social welfare systems, which in turn depend on its institutional development.…”

Section: Be Low; Low-middle and Upper Middle Income Interaction Termsmentioning

confidence: 99%

“…Thus the long-run net effect of remittances versus emigration on output per worker is not obvious both in literature and practice. Ngoma and Ismail (2013), Osabuohien and Efobi (2013), and Nyarko and Gyimah-Brempong (2011) have postulated that in the long-term, education is a more optimal mechanism of social protection than such cash transfers. Since average output per worker is a stronger form of social protection, and education is the metric of human capital, we translate the problem statement into a production function.…”

Section: Introductionmentioning

confidence: 99%

The Effects of Remittances on Output Per Worker in Sub-Saharan Africa: A Production Function Approach

Ssozi

2014

This paper uses a production function to examine the channels through which remittances affect output per worker in 31 Sub-Saharan Africa (SSA) countries from 1980-2010. We find that remittances directly increase output per worker if complemented with education. The indirect effects vary with the economic characteristics of the recipient nations: while remittances have increased human capital among the low-income nations, among the upper-middle-income nations, they have mostly increased total factor productivity, but are still inversely related to factor inputs among the lower-middle-income nations of SSA. Finally, remittances are more effective when institutional risk is reducing.JEL classification: F22. F24, F35, F43, F63, O15, O16; O43; O55

“…The selected covariates have also been substantially documented in the financial development literature (Osabuohien and Efobi 2013;Huang 2005;Asongu 2014b;Asongu 2015).…”

Section: Datamentioning

confidence: 99%

At What Levels of Financial Development Does Information Sharing Matter?

Nwachukwu

2017

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractBackground: The purpose of this study is to investigate how an increase in information-sharing bureaus affects financial access.