Browsing by Author "Asongu, S."
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Item Agricultural Export, Growth and the Poor in Africa: A Meta Analysis(Journal of Interdisciplinary Economics, 2022) Adeabah, D.; Asongu, S.Over the past decade, a growing number of studies have examined the role of agricultural export in economic growth in Africa. The literature, however, provides conflicting results about the agricultural export-led growth hypothesis. In this study, we aim to re-examine the impact of agricultural export on economic growth by performing a meta-analysis. There are two questions of interest, namely, (a) whether publication bias is present in the agricultural export-growth literature in Africa, and (b) if there is an overall effect of agricultural export on economic growth. Our meta-analysis finds significant negative publication bias in the literature. Moreover, after correction for publication bias, the results show that agricultural export leads to growth in low-income and lower middle-income African countries. These results are consistent with the agricultural export-led growth hypothesis. By this, we provide empirical basis that may enhance policy decisions on resource allocation to areas of comparative advantage. Additionally, the existence of an income differential effect on the agricultural export-led growth nexus implies that agricultural export-growth strategy has a pronounced effect on the poor in Africa. The result suggests that the poor in Africa could follow an agricultural growth strategy because it is a promising means to increase per capita wealth.Item Agricultural Export, Growth and the Poor in Africa: A Meta Analysis(Journal of Interdisciplinary Economics, 2022) Adeabah, D.; Asongu, S.Over the past decade, a growing number of studies have examined the role of agricultural export in economic growth in Africa. The literature, however, provides conflicting results about the agricultural export-led growth hypothesis. In this study, we aim to re-examine the impact of agricultural export on economic growth by performing a meta-analysis. There are two questions of interest, namely, (a) whether publication bias is present in the agricultural export-growth literature in Africa, and (b) if there is an overall effect of agricultural export on economic growth. Our meta-analysis finds significant negative publication bias in the literature. Moreover, after correction for publication bias, the results show that agricultural export leads to growth in low-income and lower middle-income African countries. These results are consistent with the agricultural export-led growth hypothesis. By this, we provide empirical basis that may enhance policy decisions on resource allocation to areas of comparative advantage. Additionally, the existence of an income differential effect on the agricultural export-led growth nexus implies that agricultural export-growth strategy has a pronounced effect on the poor in Africa. The result suggests that the poor in Africa could follow an agricultural growth strategy because it is a promising means to increase per capita wealth.Item Financial Sector Transparency, Financial Crises And Market Power A Cross-Country Evidence(International Journal of Finance & Economics, 2020) Kusi, B.; Agbloyor, E.; Gyeke-Dako, A.; Asongu, S.The study investigates how financial sector transparency moderates the influence of financial crises on bank market power across 75 economies between 2004 and 2014. Using two-step dynamic system, the generalized method of moments the study shows that while public sector-led financial sector transparency reduces bank market power, private sector-led financial sector transparency promotes bank market power, given that private sector-led transparency gives financially sound banks an advantage in solidifying market power and dominance. Similarly, while financial crises reduce the market power of banks, implying that during financial crises, banks lose their market power, financial sector transparency promotes the negative effect of financial crises on bank market power. This implies that during financial crises, financial sector transparency, whether enforced through private or public sector, boosts the weakening effect of financial crises on bank market power. These findings imply that regulators can rely on financial transparency to tame bank market power and enhance banking competitiveness. The findings and results are consistent even when country, time and continental effects are controlled for.Item Remittances, ICT and pension income coverage: The international evidence(Technological Forecasting & Social Change, 2021) Adeabah, D.; Asongu, S.; Andoh, C.This study examines the impact of remittances and information and communication technology (ICT) on pension at the country level. Our empirical evidence, based on data from 96 countries, indicate a significant non-linearity between remittances, ICT and pension income coverage. First, we find a convex relation between remittances and pension income coverage, indicating that increases in remittance, initially decreases pension income coverage, but as remittance increases beyond a certain point, so too does pension income coverage. This inflection point, where the effect of remittances turns from negative to positive, is estimated to be around 3.09% of GDP. Second, we document a concave relationship between ICT (i.e. mobile subscription and internet penetration) and pension income coverage. An increase in ICT results in increased pension income coverage. However, when ICT reaches a certain point, any further increase is associated with lower pension income coverage. The estimated optimal point is found to be around 140.14 subscriptions (per 100 people) for mobile phone and 27.93 (per 100 people) for internet penetration, respectively. Other implications are discussed.Item Reputational risks in banks: A review of research themes, frameworks, methods, and future research directions(Wiley, 2022) Adeabah, D.; Andoh, C.; Asongu, S.; Gemegah, A.This study examined the research trends on reputational risk in banks using a systematic literature review and network analysis (SLRNA) approach on 35 research articles published between 2010 and 2020. It was found that only developed countries (i.e., the United States and Europe) have been actively contributing to research on reputational risks in banks, suggesting that reputational risks management of banks has not gained the global attention it deserves. Moreover, we identified five broad research themes from the thematic network analysis, namely, reputational risk of operational losses, reputational effects of media tone, performance implications of reputational risk management, management of reputational risk in banks, sustainability practices and reputational risk of banks in the project finance market. Nonetheless, there still a number of areas that require further attention. These include conceptualization of reputational risk management in banks that explore the dynamic and interdependencies in a system thinking framework, the role of corporate governance, environmental and social issues on reputational risk, how sustainability practices shape reputational risk management, the role of political connections in mitigating reputational effect of operational loss events, and how information and communication technology (ICT) mechanisms impact reputational risk management in banks.Item Reputational risks in banks: A review of research themes, frameworks, methods, and future research directions(Journal of Economic Surveys, 2023) Adeabah, D.; Andoh, C.; Asongu, S.; Gemegah, A.This study examined the research trends on reputational risk in banks using a systematic literature review and network analysis (SLRNA) approach on 35 research articles published between 2010 and 2020. It was found that only developed countries (i.e., the United States and Europe) has been actively contributing to research on reputational risks in banks, suggesting that reputational risks management of banks has not gained the global attention it deserves. Moreover, we identified five broad research themes from the thematic network analysis, namely, reputational risk of operational losses, reputa national effects of media tone, performance implications of reputational risk management, management of reputational risk in banks, sustainability practices, and reputational risk of banks in the project finance market. Nonetheless, there are still several areas that require further attention. These include the conceptualization of reputational risk management in banks that explore the dynamic and interdependencies in a system think ing framework, the role of corporate governance, environmental and social issues on reputational risk, how sustainability practices shape reputational risk management, the role of political connections in mitigating the reputational effect of operational loss events, and how information and communication technology (ICT) mechanisms impact reputational risk management in banks.