Foreign Aid, Education and Lifelong Learning in Africa

Asongu, Simplice A.; Tchamyou, Vanessa S.

doi:10.1007/s13132-017-0449-1

Cited by 57 publications

(48 citation statements)

References 98 publications

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“…Second, the fact that Hypothesis 3 is not validated is an indication that governance is a necessary but not a sufficient condition in the mitigation of the effect of capital flight on industrialisation. On the premise that knowledge-based economies are relevant in the drive towards industrialisation in the twenty first century (Tchamyou 2017;Asongu and Tchamyou 2019;Asongu and Odhiambo 2020), the findings are consistent with Andrés et al (2015), who have established that governance is a sufficient but not a necessary condition for knowledge-based economies in Africa. By extension, this inference also implies that governance standards need to be improved to better modulate capital flight and achieve net positive effects on industrialisation.…”

Section: Table 2 Political Governance Capital Flight and Industrialisupporting

confidence: 64%

Governance, capital flight and industrialisation in Africa

Asongu

Odhiambo

2019

Economic Structures

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This study examines the role of governance in modulating the effect of capital flight on industrialisation in African countries. It is motivated by three main factors, namely the (i) growing trend of capital flight in Africa; (ii) relevance of governance in dampening negative macroeconomic signals such as capital flight; and (iii) lagging position of Africa in industrialisation. 1 First, as documented by Boyce (2012) who have provided an update on estimates of capital flight, over the past decades, Africa has experienced substantial capital outflows. For example, approximately 814 billion US Dollars (in constant of 2010 US Dollars) was lost by 33 sub-Saharan African (SSA) countries during the period 1970-2010. The lost sum to capital flight is higher than foreign direct investment and foreign aid which during the same period stood at respectively 306 billion and

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Section: Table 2 Political Governance Capital Flight and Industrialisupporting

confidence: 64%

Governance, capital flight and industrialisation in Africa

Asongu

Odhiambo

2019

Economic Structures

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“…Borrowing from recent literature on education and knowledge economy (Tchamyou, 2019a(Tchamyou, , 2017Asongu and Tchamyou, 2019), lifelong learning can be measured and defined as the combined knowledge acquired during three educational levels, which are primary, secondary and tertiary education. Building on these levels of education, we thus employ PCA to derive a composite indicator named 'Educatex'.…”

Section: Data Descriptionmentioning

confidence: 99%

The Role of ICT in Modulating the Effect of Education and Lifelong Learning on Income Inequality and Economic Growth in Africa

2019

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This study assesses the role of information and communication technologies (ICT) in modulating the impact of education and lifelong learning on income inequality and economic growth. It focuses on a sample of 48 African countries from 2004 to 2014. The empirical evidence is based on the generalized method of moments. The following findings are established. First, mobile phone and internet each interact with primary school education to decrease income inequality. Second, all ICT indicators interact with secondary school education to exert a negative impact on the Gini index. Third, fixed broadband distinctly interacts with primary school education and lifelong learning to have a positive effect on economic growth. Fourth, ICT indicators do not significantly influence inequality and economic growth through tertiary school education and lifelong learning. These main findings are further substantiated. Policy implications are discussed.

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“…A case in point is the Korean experience in which education and industrialization are complemented in order to boost and sustain economic development. Accordingly, technological learning and industrialisation resulted from education on the one hand and on the other, industrialisation in turn increased the return on educational investment which further enhanced the demand for education (Suh and Chen 2007;Tchamyou 2017;Asongu and Tchamyou 2019b). In summary, as argued by Suh and Chen (2007), the relationship between human development and education was tailored into a lifelong learning strategy.…”

Section: Lifelong Learningmentioning

confidence: 99%

Building Knowledge-Based Economies in Africa: A Systematic Review of Policies and Strategies

Asongu

Odhiambo

2019

J Knowl Econ

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Compared to other regions of the world, Africa is lagging in its drive toward knowledgebased economies. This study systematically reviews the literature in order to highlight the policies and strategies with which African countries can accelerate their current drive towards building knowledge-based economies. These are discussed in terms of three pillars of the World Bank's knowledge economy framework. They are the indices for: (i) education and skilled population, (ii) information and communication technology and (iii) economic incentives and institutional regime.

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Foreign Aid, Education and Lifelong Learning in Africa

Cited by 57 publications

References 98 publications

Governance, capital flight and industrialisation in Africa

Governance, capital flight and industrialisation in Africa

The Role of ICT in Modulating the Effect of Education and Lifelong Learning on Income Inequality and Economic Growth in Africa

Building Knowledge-Based Economies in Africa: A Systematic Review of Policies and Strategies

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