research has been carried out to review the effectiveness of the European Commission (EC) Directi... more research has been carried out to review the effectiveness of the European Commission (EC) Directive on regulating financial reporting policies and practices of companies in the EU member countries. This has been achieved through a comparative analysis of financial reporting practices of some key European banks. A sample has been drawn from two banks each in the United Kingdom, Sweden and Germany – countries perceived to be a representative of three different financial reporting cultures within the European Union. Focusing on measurement and valuation methods, consolidation practice, and how financial information is presented, we found that comparable financial reporting exists among banks in the same country more than among banks in different European countries. Any divergence in reporting practice could be explained by the individual banks reporting needs and culture, which are shaped by many factors including the security market1 requirements and the institutional environments of ...
This study examines how the association between terrorism and capital flight affects the process ... more 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.
This study investigates direct and indirect linkages between financial development and inclusive ... more This study investigates direct and indirect linkages between financial development and inclusive human development in data panels for African countries. It employs a battery of estimation techniques, notably: Two-Stage Least Squares, Fixed Effects, Generalized Method of Moments and Tobit regressions. The dependent variable is the inequality adjusted human development index. All dimensions of the Financial Development and Structure Database (FDSD) of the World Bank are considered. The main finding is that financial dynamics of depth, activity and size improve inclusive human development, whereas the inability of banks to transform mobilized deposits into credit for financial access negatively affects inclusive human development. Policies should be tailored to improve mechanisms by which credit facilities can be provided to both households and business operators. Surplus liquidity issues resulting from the inability of banks to transform mobilized deposits into credit can be resolved by enhancing the introduction of information sharing offices (like public credit registries and private credit bureaus) that would reduce information asymmetry between lenders and borrowers. This study complements the extant literature by assessing the nexus between financial development and inclusive human development in Africa.
This study examines linkages between inequality, information and communication technology (ICT) a... more This study examines linkages between inequality, information and communication technology (ICT) and inclusive education in order to establish inequality thresholds that should not be exceeded in order for ICT to promote inclusive education in 42 countries in sub-Saharan Africa for the period 2004-2014. The empirical evidence is based on the Generalized Method of Moments. The following findings are established. First, a Gini coefficient and an Atkinson index of respectively, 0.400 and 0.625 are income inequality thresholds that should not be exceeded in order for internet penetration to positively influence inclusive education. Second, a Gini coefficient, an Atkinson index and a Palma ratio of respectively, 0.574, 0.676 and 9.000 are thresholds of income inequality that if exceeded, fixed broadband subscriptions will no longer positively affect inclusive education. As a main policy implication, the established inequality thresholds should not be exceeded in order for ICT to promote i...
International Journal of Public Administration, 2019
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more 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 be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
This study examines linkages between inequality, information and communication technology (ICT) a... more This study examines linkages between inequality, information and communication technology (ICT) and inclusive education in order to establish inequality thresholds that should not be exceeded in order for ICT to promote inclusive education in 42 countries in sub-Saharan Africa for the period 2004-2014. The empirical evidence is based on the Generalized Method of Moments. The following findings are established. First, a Gini coefficient and an Atkinson index of respectively, 0.400 and 0.625 are income inequality thresholds that should not be exceeded in order for internet penetration to positively influence inclusive education. Second, a Gini coefficient, an Atkinson index and a Palma ratio of respectively, 0.574, 0.676 and 9.000 are thresholds of income inequality that if exceeded, fixed broadband subscriptions will no longer positively affect inclusive education. As a main policy implication, the established inequality thresholds should not be exceeded in order for ICT to promote inclusive education in sampled countries. Other implications in the light of Sustainable Development Goals (SDGs) are discussed.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more 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 be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
The objective of this article is to explore the political economy of mineral exploitation in the ... more The objective of this article is to explore the political economy of mineral exploitation in the Republic of Cameroon. Cameroon has been predominantly an agricultural economy since independence. However, since the 1980's, the petroleum sector has been the country's main foreign exchange earner. Due to dwindling oil output, there has been a drive towards the exploitation of other minerals (e.g. gold, diamond, bauxite, cobalt, uranium, nickel) to boast economic development. This article argues that Cameroon's economic and political structures are similar to states that have suffered from the resource curse. The implications are that mining rents may be used to fund the mechanisms of repression that protects the government's shortterm political ambitions at the expense of Cameroons long term economic development. The government can at best influence sustainable development and reduce conflicts linked to mineral resource capture by either promoting agricultural development or institute a system where revenues generated from mineral exploitation is directly invested in the provision of social services to local communities. In perspective, the current enthusiasm by Cameroonians about future economic benefits from mineral exploitation should be treated with caution.
This research has been carried out to review the effectiveness of the European Commission (EC) Di... more This research has been carried out to review the effectiveness of the European Commission (EC) Directive on regulating financial reporting policies and practices of companies in the EU member countries. This has been achieved through a comparative analysis of financial reporting practices of some key European banks. A sample has been drawn from two banks each in the United Kingdom, Sweden and Germany-countries perceived to be a representative of three different financial reporting cultures within the European Union. Focusing on measurement and valuation methods, consolidation practice, and how financial information is presented, we found that comparable financial reporting exists among banks in the same country more than among banks in different European countries. Any divergence in reporting practice could be explained by the individual banks reporting needs and culture, which are shaped by many factors including the security market 1 requirements and the institutional environments of different member countries. The influence of individual company needs explains why most German banks use the International Accounting Standards, and the influence of different institutional environments explains why most Swedish banks use national standards. The effort of the European Commission has to some extent increased harmonization but not standardization.
∆ INVEN: increases/decreases in inventory (Datastream datatype code WC18196). Operating Accruals:... more ∆ INVEN: increases/decreases in inventory (Datastream datatype code WC18196). Operating Accruals: Net income before extraordinary items (Datastream datatype code wc01551) minus Cash flow from operations (Datastream datatype code WC06915), CFO is the cash flow from operation, A_DEXP is the abnormal discretionary expenses, A_PROC is the abnormal production costs, A_INVEN is the abnormal inventory, A_REC is the abnormal receivables, A_OAC is the abnormal operating accruals, D_EXP is the firm's discretionary expenses, TA is the total assets, PROD_C is the production costs, SOX_D is the SOX dummy that is set equal to 1 for firm years in the post SOX period and 0 otherwise.
The study assesses the relationship between terrorism and social media from a cross section of 14... more The study assesses the relationship between terrorism and social media from a cross section of 148 countries with data for the year 2012. The empirical evidence is based on Ordinary Least Squares, Negative Binomial and Quantile regressions. The main finding is that there is a positive relationship between social media in terms of Facebook penetration and terrorism. The positive relationship is driven by below-median quantiles of terrorism. In other words, countries in which existing levels of terrorism are low are more significantly associated with a positive Facebook-terrorism nexus. The established positive relationship is confirmed from other externalities of terrorism: terrorism fatalities, terrorism incidents, terrorism injuries and terrorism-related property damages. The terrorism externalities are constituents of the composite dependent variable. JEL Classification: D83; O30; D74
This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers ... more This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers of mobile money to influence mobile money innovations (i.e. mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money) in developing countries. The following findings from Tobit regressions are established. First, from the demand-side linkages, law modulates: (i) bank accounts and automated teller machine (ATM) penetration for negative interactive relationships with mobile money innovations and (ii) bank sector concentration for a positive interactive relationship with mobile money accounts. Second, from supply-side linkages, law interacts with: (i) mobile subscriptions for a negative relationship with the mobile phone used to send money; (ii) mobile connectivity coverage for a negative nexus on the mobile phone used to receive money and (iii) mobile connectivity performance for a negative influence on the mobile phone used to send/receive mone...
In this study, we assess how the mobile phone can be leveraged upon to improve the role of govern... more In this study, we assess how the mobile phone can be leveraged upon to improve the role of governance in environmental sustainability in 44 Sub-Saharan African countries. The Generalised Method of Moments is used to establish policy thresholds. A threshold is a critical mass or level of mobile phone penetration at which the net effect of governance on Carbon dioxide (CO2) emissions changes from positive to negative. Mobile phone penetration thresholds associated with negative conditional effects are: 36 (per 100 people) for political stability/no violence; 130 (per 100 people) for regulation quality; 146.66 (per 100 people) for government effectiveness; 65 (per 100 people) for corruption-control and 130 (per 100 people) for the rule of law. Practical and theoretical implications are discussed. The study provides thresholds of mobile phone penetration that are critical in complementing governance dynamics to reduce CO2 emissions.
Forthcoming: Journal of Economic and Administrative Sciences, 2021
In this study, we assess how the mobile phone can be leveraged upon to improve the role of govern... more In this study, we assess how the mobile phone can be leveraged upon to improve the role of governance in environmental sustainability in 44 Sub-Saharan African countries. The Generalised Method of Moments is used to establish policy thresholds. A threshold is a critical mass or level of mobile phone penetration at which the net effect of governance on Carbon dioxide (CO2) emissions changes from positive to negative. Mobile phone penetration thresholds associated with negative conditional effects are: 36 (per 100 people) for political stability/no violence; 130 (per 100 people) for regulation quality; 146.66 (per 100 people) for government effectiveness; 65 (per 100 people) for corruption-control and 130 (per 100 people) for the rule of law. Practical and theoretical implications are discussed. The study provides thresholds of mobile phone penetration that are critical in complementing governance dynamics to reduce CO2 emissions.
African Journal of Economic and Management Studies
PurposeThe study has investigated the comparative importance of financial access in promoting gen... more PurposeThe study has investigated the comparative importance of financial access in promoting gender inclusion in African countries.Design/methodology/approachGender inclusion is proxied by the female labour participation rate while financial channels include: financial system deposits and private domestic credit. The empirical evidence is based on non-contemporary fixed effects regressions.FindingsIn order to provide more implications on comparative relevance, the dataset is categorised into income levels (middle income versus (vs.) low income); legal origins (French civil law vs. English common law); religious domination (Islam vs. Christianity); openness to sea (coastal vs. landlocked); resource-wealth (oil-poor vs. oil-rich) and political stability (stable vs. unstable). Six main hypotheses are tested, notably, that middle income, English common law, Christianity, coastal, oil-rich and stable countries enjoy better levels of “financial access”-induced gender inclusion compared t...
PurposeIn this study, we test the so-called “Quiet Life Hypothesis” (QLH), which postulates that ... more PurposeIn this study, we test the so-called “Quiet Life Hypothesis” (QLH), which postulates that banks with market power are less efficient.Design/methodology/approachWe employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit and Logistic regressions. The empirical evidence is based on a panel of 162 banks consisting of 42 African countries for the period 2001–2011. There is a two-step analytical procedure. First, we estimate Lerner indices and cost efficiency scores. Then, we regress cost efficiency scores on Lerner indices contingent on bank characteristics, market features and the unobserved heterogeneity.FindingsThe empirical evidence does not support the QLH because market power is positively associated with cost efficiency.Originality/valueOwing to data availability constraints, this is one of the few studies to test the QLH in African banking.
research has been carried out to review the effectiveness of the European Commission (EC) Directi... more research has been carried out to review the effectiveness of the European Commission (EC) Directive on regulating financial reporting policies and practices of companies in the EU member countries. This has been achieved through a comparative analysis of financial reporting practices of some key European banks. A sample has been drawn from two banks each in the United Kingdom, Sweden and Germany – countries perceived to be a representative of three different financial reporting cultures within the European Union. Focusing on measurement and valuation methods, consolidation practice, and how financial information is presented, we found that comparable financial reporting exists among banks in the same country more than among banks in different European countries. Any divergence in reporting practice could be explained by the individual banks reporting needs and culture, which are shaped by many factors including the security market1 requirements and the institutional environments of ...
This study examines how the association between terrorism and capital flight affects the process ... more 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.
This study investigates direct and indirect linkages between financial development and inclusive ... more This study investigates direct and indirect linkages between financial development and inclusive human development in data panels for African countries. It employs a battery of estimation techniques, notably: Two-Stage Least Squares, Fixed Effects, Generalized Method of Moments and Tobit regressions. The dependent variable is the inequality adjusted human development index. All dimensions of the Financial Development and Structure Database (FDSD) of the World Bank are considered. The main finding is that financial dynamics of depth, activity and size improve inclusive human development, whereas the inability of banks to transform mobilized deposits into credit for financial access negatively affects inclusive human development. Policies should be tailored to improve mechanisms by which credit facilities can be provided to both households and business operators. Surplus liquidity issues resulting from the inability of banks to transform mobilized deposits into credit can be resolved by enhancing the introduction of information sharing offices (like public credit registries and private credit bureaus) that would reduce information asymmetry between lenders and borrowers. This study complements the extant literature by assessing the nexus between financial development and inclusive human development in Africa.
This study examines linkages between inequality, information and communication technology (ICT) a... more This study examines linkages between inequality, information and communication technology (ICT) and inclusive education in order to establish inequality thresholds that should not be exceeded in order for ICT to promote inclusive education in 42 countries in sub-Saharan Africa for the period 2004-2014. The empirical evidence is based on the Generalized Method of Moments. The following findings are established. First, a Gini coefficient and an Atkinson index of respectively, 0.400 and 0.625 are income inequality thresholds that should not be exceeded in order for internet penetration to positively influence inclusive education. Second, a Gini coefficient, an Atkinson index and a Palma ratio of respectively, 0.574, 0.676 and 9.000 are thresholds of income inequality that if exceeded, fixed broadband subscriptions will no longer positively affect inclusive education. As a main policy implication, the established inequality thresholds should not be exceeded in order for ICT to promote i...
International Journal of Public Administration, 2019
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more 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 be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
This study examines linkages between inequality, information and communication technology (ICT) a... more This study examines linkages between inequality, information and communication technology (ICT) and inclusive education in order to establish inequality thresholds that should not be exceeded in order for ICT to promote inclusive education in 42 countries in sub-Saharan Africa for the period 2004-2014. The empirical evidence is based on the Generalized Method of Moments. The following findings are established. First, a Gini coefficient and an Atkinson index of respectively, 0.400 and 0.625 are income inequality thresholds that should not be exceeded in order for internet penetration to positively influence inclusive education. Second, a Gini coefficient, an Atkinson index and a Palma ratio of respectively, 0.574, 0.676 and 9.000 are thresholds of income inequality that if exceeded, fixed broadband subscriptions will no longer positively affect inclusive education. As a main policy implication, the established inequality thresholds should not be exceeded in order for ICT to promote inclusive education in sampled countries. Other implications in the light of Sustainable Development Goals (SDGs) are discussed.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more 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 be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
The objective of this article is to explore the political economy of mineral exploitation in the ... more The objective of this article is to explore the political economy of mineral exploitation in the Republic of Cameroon. Cameroon has been predominantly an agricultural economy since independence. However, since the 1980's, the petroleum sector has been the country's main foreign exchange earner. Due to dwindling oil output, there has been a drive towards the exploitation of other minerals (e.g. gold, diamond, bauxite, cobalt, uranium, nickel) to boast economic development. This article argues that Cameroon's economic and political structures are similar to states that have suffered from the resource curse. The implications are that mining rents may be used to fund the mechanisms of repression that protects the government's shortterm political ambitions at the expense of Cameroons long term economic development. The government can at best influence sustainable development and reduce conflicts linked to mineral resource capture by either promoting agricultural development or institute a system where revenues generated from mineral exploitation is directly invested in the provision of social services to local communities. In perspective, the current enthusiasm by Cameroonians about future economic benefits from mineral exploitation should be treated with caution.
This research has been carried out to review the effectiveness of the European Commission (EC) Di... more This research has been carried out to review the effectiveness of the European Commission (EC) Directive on regulating financial reporting policies and practices of companies in the EU member countries. This has been achieved through a comparative analysis of financial reporting practices of some key European banks. A sample has been drawn from two banks each in the United Kingdom, Sweden and Germany-countries perceived to be a representative of three different financial reporting cultures within the European Union. Focusing on measurement and valuation methods, consolidation practice, and how financial information is presented, we found that comparable financial reporting exists among banks in the same country more than among banks in different European countries. Any divergence in reporting practice could be explained by the individual banks reporting needs and culture, which are shaped by many factors including the security market 1 requirements and the institutional environments of different member countries. The influence of individual company needs explains why most German banks use the International Accounting Standards, and the influence of different institutional environments explains why most Swedish banks use national standards. The effort of the European Commission has to some extent increased harmonization but not standardization.
∆ INVEN: increases/decreases in inventory (Datastream datatype code WC18196). Operating Accruals:... more ∆ INVEN: increases/decreases in inventory (Datastream datatype code WC18196). Operating Accruals: Net income before extraordinary items (Datastream datatype code wc01551) minus Cash flow from operations (Datastream datatype code WC06915), CFO is the cash flow from operation, A_DEXP is the abnormal discretionary expenses, A_PROC is the abnormal production costs, A_INVEN is the abnormal inventory, A_REC is the abnormal receivables, A_OAC is the abnormal operating accruals, D_EXP is the firm's discretionary expenses, TA is the total assets, PROD_C is the production costs, SOX_D is the SOX dummy that is set equal to 1 for firm years in the post SOX period and 0 otherwise.
The study assesses the relationship between terrorism and social media from a cross section of 14... more The study assesses the relationship between terrorism and social media from a cross section of 148 countries with data for the year 2012. The empirical evidence is based on Ordinary Least Squares, Negative Binomial and Quantile regressions. The main finding is that there is a positive relationship between social media in terms of Facebook penetration and terrorism. The positive relationship is driven by below-median quantiles of terrorism. In other words, countries in which existing levels of terrorism are low are more significantly associated with a positive Facebook-terrorism nexus. The established positive relationship is confirmed from other externalities of terrorism: terrorism fatalities, terrorism incidents, terrorism injuries and terrorism-related property damages. The terrorism externalities are constituents of the composite dependent variable. JEL Classification: D83; O30; D74
This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers ... more This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers of mobile money to influence mobile money innovations (i.e. mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money) in developing countries. The following findings from Tobit regressions are established. First, from the demand-side linkages, law modulates: (i) bank accounts and automated teller machine (ATM) penetration for negative interactive relationships with mobile money innovations and (ii) bank sector concentration for a positive interactive relationship with mobile money accounts. Second, from supply-side linkages, law interacts with: (i) mobile subscriptions for a negative relationship with the mobile phone used to send money; (ii) mobile connectivity coverage for a negative nexus on the mobile phone used to receive money and (iii) mobile connectivity performance for a negative influence on the mobile phone used to send/receive mone...
In this study, we assess how the mobile phone can be leveraged upon to improve the role of govern... more In this study, we assess how the mobile phone can be leveraged upon to improve the role of governance in environmental sustainability in 44 Sub-Saharan African countries. The Generalised Method of Moments is used to establish policy thresholds. A threshold is a critical mass or level of mobile phone penetration at which the net effect of governance on Carbon dioxide (CO2) emissions changes from positive to negative. Mobile phone penetration thresholds associated with negative conditional effects are: 36 (per 100 people) for political stability/no violence; 130 (per 100 people) for regulation quality; 146.66 (per 100 people) for government effectiveness; 65 (per 100 people) for corruption-control and 130 (per 100 people) for the rule of law. Practical and theoretical implications are discussed. The study provides thresholds of mobile phone penetration that are critical in complementing governance dynamics to reduce CO2 emissions.
Forthcoming: Journal of Economic and Administrative Sciences, 2021
In this study, we assess how the mobile phone can be leveraged upon to improve the role of govern... more In this study, we assess how the mobile phone can be leveraged upon to improve the role of governance in environmental sustainability in 44 Sub-Saharan African countries. The Generalised Method of Moments is used to establish policy thresholds. A threshold is a critical mass or level of mobile phone penetration at which the net effect of governance on Carbon dioxide (CO2) emissions changes from positive to negative. Mobile phone penetration thresholds associated with negative conditional effects are: 36 (per 100 people) for political stability/no violence; 130 (per 100 people) for regulation quality; 146.66 (per 100 people) for government effectiveness; 65 (per 100 people) for corruption-control and 130 (per 100 people) for the rule of law. Practical and theoretical implications are discussed. The study provides thresholds of mobile phone penetration that are critical in complementing governance dynamics to reduce CO2 emissions.
African Journal of Economic and Management Studies
PurposeThe study has investigated the comparative importance of financial access in promoting gen... more PurposeThe study has investigated the comparative importance of financial access in promoting gender inclusion in African countries.Design/methodology/approachGender inclusion is proxied by the female labour participation rate while financial channels include: financial system deposits and private domestic credit. The empirical evidence is based on non-contemporary fixed effects regressions.FindingsIn order to provide more implications on comparative relevance, the dataset is categorised into income levels (middle income versus (vs.) low income); legal origins (French civil law vs. English common law); religious domination (Islam vs. Christianity); openness to sea (coastal vs. landlocked); resource-wealth (oil-poor vs. oil-rich) and political stability (stable vs. unstable). Six main hypotheses are tested, notably, that middle income, English common law, Christianity, coastal, oil-rich and stable countries enjoy better levels of “financial access”-induced gender inclusion compared t...
PurposeIn this study, we test the so-called “Quiet Life Hypothesis” (QLH), which postulates that ... more PurposeIn this study, we test the so-called “Quiet Life Hypothesis” (QLH), which postulates that banks with market power are less efficient.Design/methodology/approachWe employ instrumental variable Ordinary Least Squares, Fixed Effects, Tobit and Logistic regressions. The empirical evidence is based on a panel of 162 banks consisting of 42 African countries for the period 2001–2011. There is a two-step analytical procedure. First, we estimate Lerner indices and cost efficiency scores. Then, we regress cost efficiency scores on Lerner indices contingent on bank characteristics, market features and the unobserved heterogeneity.FindingsThe empirical evidence does not support the QLH because market power is positively associated with cost efficiency.Originality/valueOwing to data availability constraints, this is one of the few studies to test the QLH in African banking.
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Papers by Rexon Nting