Korea University · Computer Science
Professor Simplice Asongu's research lab specializes in African development economics, with a focus on the interplay between institutional quality, financial sector development, and technological innovation. The lab investigates how information sharing, financial inclusion, and digital infrastructure—particularly mobile phones and internet penetration—affect economic governance, inequality, and financial sector dynamics across African countries. It also explores the impact of foreign aid, foreign direct investment, and government policies on institutional performance and capital market development. The research employs advanced econometric techniques, including GMM and IV-based models, to address endogeneity and provide robust policy insights.
Figures are computed from collected data and may differ slightly.
This study investigates the effect information sharing has on financial sector development in 53 African countries for the period 2004 to 2011. Information sharing is measured with private credit bureaus and public credit registries. Hitherto unexplored dimensions of financial sector development are employed, namely: financial sector dynamics of formalization, informalization, and non-formalization. The empirical evidence is based on Ordinary Least Squares (OLS) and Generalized Method of Moments
Abstract This study examines if enhancing information and communication technology reduces inequality in 48 countries in Africa for the periods 2004–2014. Three inequality indictors are used, namely, the Gini coefficient, Atkinson index, and Palma ratio. The adopted information and communication technology indicators include mobile phone penetration, internet penetration, and fixed broadband subscriptions. The empirical evidence is based on the generalised method of moments. Enhancing internet p
This paper investigates the effect of foreign aid on governance in order to extend the debate on foreign aid and to verify common positions from Moyo’s ‘Dead Aid’, Collier’s ‘Bottom Billion’ and Eubank’s ‘Somaliland’. The empirical evidence is based on updated data from 52 African countries for the period 1996--2010. An endogeneity robust instrumental variable Two-Stage-Least Squares empirical strategy is employed. The findings reveal that development assistance deteriorates economic (regulation
In the first macroeconomic empirical assessment of the relationship between mobile phones and finance, the author examines the correlations between mobile phone penetration and financial development using two conflicting definitions of the financial system in the financial development literature. With the traditional International Financial Statistics (IFS) (2008) definition, mobile phone penetration has a negative correlation with traditional financial intermediary dynamics of depth, activity,
How do government policies and institutions affect stock market performance? As stock markets grow broader and deeper in African countries, the question becomes more critical. Government quality dynamics of corruption control, government effectiveness, political stability or no violence, voice and accountability, regulation quality and rule of law are instrumented with income levels, religious dominations, press freedom degrees, and legal origins to account for stock market performance dynamics
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