The criticality of ICT-trade nexus on economic and inclusive growth

Adeleye, Bosede Ngozi; Adedoyin, Festus Fatai; Nathaniel, Solomon Prince

doi:10.1080/02681102.2020.1840323

Cited by 111 publications

(87 citation statements)

References 60 publications

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“…However, we find the two‐step difference GMM approach a sufficient method that satisfies the objectives of the study. The use of two‐step difference GMM is consistent with Adeleye, Adedoyin, and Nathaniel (2020); Abrate, Piacenza, and Vannoni (2009); Waziri, Mohamed Nor, Raja Abdullah, and Adamu (2015); Chen and Kao (2014); Aali‐Bujari, Venegas‐Martínez, and Pérez‐Lechuga (2016); Siddiqui and Ahmed (2013); and Gnangoin, Du, Assamoi, Edjoukou, and Kassi (2019).…”

Section: Data Sources and Variablessupporting

confidence: 79%

Drivers of credit union penetration: An international analysis

2020

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We investigate the drivers of credit union penetration with data from 90 countries for the period 2005–2017. Generally, the results show that the number of credit unions, the level of financial development of a country, the level of industrialization of a country, and the institutional environment are significantly supportive of credit union penetration. We conclude that the elimination of restrictions on the formation of credit unions (if any), the adoption of industrialization as development path, the implementation of sound monetary and fiscal policies that promote financial development, and the pursuit of good public governance are crucial for credit union penetration.

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Section: Data Sources and Variablessupporting

confidence: 79%

Drivers of credit union penetration: An international analysis

2020

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“…One key factor that SSA countries have identified as a means for spurring inclusive growth is economic integration, evidenced by the coming into force of the African Continental Free Trade Area (AfCFTA) in 2019. The optimism with economic integration is that it can generate durable and equitable wealth through technological transfer, innovation diffusion, employment, macroeconomic stability, and industrialization (Obeng et al 2021;Adeleye et al 2020;Asongu and Odhiambo 2020;Opoku et al 2019;Sakyi et al 2015;). Moreover, with inflow of foreign direct investment (FDI) set to rebound in 2022 following a slump in 2019 and 2020 (UNCTAD 2020) as a result of the geopolitical fragility of the region and COVID-19, expectations are rising.…”

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment, Governance and Inclusive Growth in Sub-Saharan Africa

Ofori

Asongu

2021

SSRN Journal

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Motivated by the projected rebound of foreign direct investment (FDI) inflow to sub-Saharan Africa (SSA) following the implementation of the AfCFTA and the finalization of the Africa Investment Protocol, we examine how FDI modulates the effects of various governance dynamics on inclusive growth in SSA. We do this by testing two hypotheses first, whether unconditionally FDI and various governance indicators (rule of law, control of corruption, regulatory quality, governance effectiveness, political stability, and voice and accountability) foster inclusive growth in SSA; and second, whether these governance dynamics engender positive synergy with FDI on inclusive growth in SSA. Using data from the World Bank's World Governance Indicators and the World Development Indicators for the period 1990-2020, we employ several fixed effects, random effects, and the system GMM estimators for the analysis. First, we find that FDI and all our governance dynamics are significant inclusive growth enhancers in SSA. Second, though FDI amplifies the effects of all our governance dynamics on inclusive growth in SSA, governance effectiveness, voice and accountability, and political stability are keys. Policy recommendations are provided.

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“…It is always necessary to examine whether individual units in the panel are independent or not, as this will help to overturn biased estimates (Omojolaibi and Nathaniel 2020;Adedoyin et al 2020;Adeleye et al 2020). International treaties, trade agreements, and spillover effect are the possible causes of CD (Chudik et al, 2016); and the ASEAN countries have signed more than three hundred and fifty agreements after its inception, and are also signatories to various international agreements.…”

Section: Cross-sectional Dependence and Unit Root Testsmentioning

confidence: 99%

Natural resource abundance and broad-based financial development nexus in ASEAN countries: accounting for globalization and human capital

Nathaniel

2021

Eur J Gov Econ

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Sustainable resource consumption is important for the development of the financial system. Besides, an advanced financial system eases the transfer of revenues from production activities and export to productive investments. The influence of natural resource (NR) abundance on financial development (FD) is still an ongoing debate with conflicting results. However, this study applies a novel proxy for FD, which measures the efficiency, accessibility, and depth of the financial market and institutions. Therefore, the current study is a maiden attempt to explore the nexus between FD and NR abundance amidst globalization, human capital, and economic growth in ASEAN economies. Reliable panel econometric techniques, including second-generation unit root tests, Westerlund (2007) cointegration tests, and the Augmented Mean Group (AMG) estimator are employed on the data for the period 1990-2017. The preliminary tests affirm the existence of cross-sectional dependence, unit root, and cointegrating relationship among the variables. The findings from the study reveal that NR abundance reduces FD, while globalization, human capital and economic growth add to FD. A feedback causality exists between NR abundance and FD. Thus, this study argues that more investment in the manufacturing sector will ease the attainment of efficiency in financial sector accessibility and benefits from NR abundance.

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The criticality of ICT-trade nexus on economic and inclusive growth

Cited by 111 publications

References 60 publications

Drivers of credit union penetration: An international analysis

Drivers of credit union penetration: An international analysis

Foreign Direct Investment, Governance and Inclusive Growth in Sub-Saharan Africa

Natural resource abundance and broad-based financial development nexus in ASEAN countries: accounting for globalization and human capital

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