Foreign Aid, Instability, and Governance in Africa

Asongu, Simplice A.; Nnanna, Joseph

doi:10.1111/polp.12320

Cited by 49 publications

(37 citation statements)

References 116 publications

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“…These advantages in high income countries are consistent with Gaibulloev and Sandler () who have argued that aid flows for the fight against political terror/instability are from higher income countries to their low income counterparts. Furthermore, given the premise that higher income countries are associated with more quality institutions (Asongu, ), it is reasonable to infer that higher income should be less associated with persistence in political terror/instability, since better institutions provide a more conducive environment for socio‐political stability (Anyanwu & Erhijakpor, ; Asongu & Nnanna, ; Efobi, ; Fosu, , ; Pelizzo, Araral, Pak, & Xun, ; Pelizzo & Nwokora, , ).Hypothesis Compared to low income countries, high income countries are associated with less persistence in political terror/instability.…”

Section: Theoretical Underpinnings Intuition and Testable Hypothesesmentioning

confidence: 99%

Political instability and political terror: Global evidence on persistence

Asongu

Uduji

Okolo‐Obasi

2020

Journal of Public Affairs

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We test the hypotheses that fundamental characteristics in regional proximity, landlockedness, religious‐domination, legal origin, and income levels affect cross‐country differences in the persistence in political terror and political instability in 163 countries for the period 2010–2015. The empirical evidence is based on generalised method of moments. The hypotheses are that the following are associated with comparatively higher levels of persistence in political terror and political instability: regions with predominantly low income countries (Hypothesis 1); landlockedness (Hypothesis 2); Christian‐orientation (Hypothesis 3); French civil law (Hypothesis 4); and Low income (Hypothesis 5). The tested hypotheses are largely invalid. Only Hypotheses 5 and 2 are robustly investigated in the light of concerns about instrument proliferation. Hypothesis 2 is valid for political terror but not for political instability while Hypothesis 5 is neither valid for political instability nor for political terror.

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Section: Theoretical Underpinnings Intuition and Testable Hypothesesmentioning

confidence: 99%

Political instability and political terror: Global evidence on persistence

Asongu

Uduji

Okolo‐Obasi

2020

Journal of Public Affairs

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“…The importance of governance effectiveness is also attributed to the attraction of foreign direct investment. Asongu (2019), using panel regression model and assessing the drivers of FDI in BRICS (Brazil, Russia, India, China & South Africa) and MINT (Mexico, Indonesia, Nigeria & Turkey) countries for the period 2001-2011, found out the importance of governance reforms in both current and future FDI location decisions.…”

Section: The Empirical Literature On the Link Between Good Governancementioning

confidence: 99%

The Nexus Between Good Governance Indicators And Human Development Index In Africa: An Econometric Analysis

Tsegaw

2020

JPAG

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This study examines the association between good governance indicators and the human development index in Africa. Accordingly, it uses the panel data of 49 African countries from 2000-2018 on the six World Bank governance indicators (WGIs) and the UNDP aggregate human development index (HDI). The data are analyzed using descriptive statistics and panel regression analysis. The descriptive statistical analysis shows that most of the countries that are scoring high in the governance indicators are also scoring high in the human development index. It also indicates that Africa's average score in all governance indicators from 2000-2018 ranges between 36.2 % and 40.4%, while the score for human development was 50.8%. Using a one-year moving average, the calculated improvement rates for the eighteen years in all the governance and human development indicators were meager. The finding from the panel regression analysis attests only the three good governance indicators - the rule of law, regulatory quality, and political stability and absence of violence - are significantly and directly associated with the human development index. The finding implies that policy makers in African countries should give emphasis on these three good governance indicators to augment their human development effort.

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“…On the other hand, the governance measurements are perceptionbased indicators which may be subject to biases. Unfortunately, to the best of our knowledge, the World Governance Indicators from the World Bank used in this study are the mostemployed in the literature Nwokora, 2016, 2018;Pelizzo, Araral, Pak and Xun, 2016;Asongu and Nnanna, 2019).…”

Section: Limitationsmentioning

confidence: 99%

Information technology, governance and insurance in Sub-Saharan Africa

Asongu

Nnanna²,

Acha-Anyi

2019

SRJ

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Purpose This study aims to investigate the role of information and communication technology (ICT) in modulating the effect of governance on insurance penetration in 42 Sub-Saharan African countries using data for the period 2004-2014. Design/methodology/approach Two insurance indicators are used in the analysis, namely, life insurance and non-life insurance. The three ICT modulating dynamics used include mobile phone penetration, internet penetration and fixed broadband subscriptions. Six governance channels are also considered, namely, political stability, “voice & accountability”, regulation quality, government effectiveness, the rule of law and corruption-control. The empirical evidence is based on generalized method of moments. Findings The following main findings are established. First, mobile phone penetration does not significantly modulate governance channels to positively affect life insurance while it effectively complements “voice & accountability” to induce a positive net effect on non-life insurance. Second, internet penetration complements governance dynamics of political stability, government effectiveness and rule of law to induce positive net effects on life insurance and corruption-control for an overall positive effect on non-life insurance. Third, the relevance of fixed broadband subscriptions in promoting life insurance is apparent via governance channels of regulation quality, government effectiveness and the rule of law while fixed broadband subscriptions do not induce significant overall net effects on non-life insurance though the conditional effects are overwhelmingly significant. Originality/value To the best of the authors’ knowledge, studies on the relevance of ICT in promoting insurance consumption through governance channels are sparse, especially for a region such as Sub-Saharan Africa where insurance penetration is low compared to other regions of the world.

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Foreign Aid, Instability, and Governance in Africa

Cited by 49 publications

References 116 publications

Political instability and political terror: Global evidence on persistence

Political instability and political terror: Global evidence on persistence

The Nexus Between Good Governance Indicators And Human Development Index In Africa: An Econometric Analysis

Information technology, governance and insurance in Sub-Saharan Africa

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