查看更多>>摘要：This paper aims at analysing the state of the Digital Economy by observing growth patterns of some Developmental Variables (GDP and GDP Per capita) and some digitisation variables. We have analysed with the help of growth models, correlation and Granger Causality amongst Developing, Developed and the World Economy during a period of recent 15 years.There are five main findings. First, the existence of strong network economies between the broadband and the mobile technologies in developed world. Second, a general decline in fixed line services amongst all three-country grouping, which is not surprising. Third, economic growth variables and growth in mobile services are integrally linked. Fourth, there is bi-way causality between some growth variables and digitisation variables. Finally, there is evidence of a digital divide because digital economyat the global is dominated by developed economies, especially in E-commerce, which is a massive chunk of the global economy.
Jeremiah O. EjemeyovwEvans S. OsabuohienEbenezer I. K. Bowale
16页
查看更多>>摘要：As a response to a digital era that is seen as a core element of global digitalisation, financial development in many countries including those in the African continent experienced varying patterns. These have made some countries to be categorised asrelatively high and others relatively low in terms of their scale on digital economy. Thus, this study empirically investigates the interaction of information and communication technology (ICT) adoption and innovation, and the role of this digitalisationinteraction on financial development in Africa, and across the sub-regions. It utilises the Bayesian Vector Auto-Regressive (BVAR) modelling to simulate the impulse response function and variance decomposition across Africa. The study finds that ICT-innovation interaction shock positively drives financial development across all of 6 datasets. This implies that for multinational corporations (MNCs) and other economic agents, ICT - innovation interaction should be strongly applied across all sectors to drive financial development since all sectors require finances to improve performance. Thus, contributes to the empirical testing of the theoretical reflections of digitalisation and digital economy interaction in African countries.
查看更多>>摘要：The world has progressively become a global village and most economic activities in today's world embrace digitisation. Digitisation is gradually being appreciated in West Africa but its impact on youth unemployment is relatively unknown. Thus, this study aims at filling this research gap by measuring digitisation in two perspectives; internet penetration rate and mobile telephone subscription. The Im-Pesaran-Shin (IPS) unit-root test affirms that the data are suitable for panel ARDL estimation technique. The estimation establishes that youth unemployment, digitisation and the control variables are cointegrated. This study also reveals that digitisation could reduce youth unemployment in West Africa, both at the short-and long-run but not convincingdue to low appreciation of digital technologies. In the short-run, the result is consistent in some countries but not same and robust in some others. Thus, the paper concludes that increasing digitisation would enhance employment opportunities for the youths in the West African region.
查看更多>>摘要：Incidence of preventable diseases in rural parts of Ghana and Sierra Leone is unacceptably high, which calls for innovative solutions to be directed towards addressing this issue. The intention of this research is to examine the potential contributions of internet of things technologies (loT) towards health improvement in low-resourced settings with emphasis on transforming patients care and improving efficiency in rural Ghana and Sierra Leone. The research project investigates and identifies appropriate mechanisms by which loTs technologies could be leveraged to mitigate health burdens in poor communities with emphasis on enhancing remote monitoring of patients health, increasing access to health information, training of healthcare professionals and reducing out-of-pocket health expenditure.
查看更多>>摘要：The digital economy has revolutionised financial service provision and compelled financial services institutions to adopt technologies that help deliver quality service at a minimal cost. Due to the recent disturbance in the financial sector in the country, there is an urgent need for financial service providers to adopt relevant technologies to help reduce operational inefficiencies and maintain service quality. This article analyses the implications of the digital economy for enhancing the efficiency of financial markets. Drawing the existing literature, it concludes that the financial institutions in the country have quite embraced and integrated digitisation into their activities. Given the perceived high level of digital illiteracy among the populace, it was surprising to discover the number of people who have signed on unto such financial products. It was recommended financial institutions integrate their operations with the necessary digital technologies as it helps reduce operational costs.Furthermore, they need to invest in digital infrastructure and skills of their staff to embrace technology in service delivery. It is also suggested that policymakers strengthen the laws, policies, and regulations such as data protection and cybercrimeto enable the players of the market to operate freely and confidently.
查看更多>>摘要：The Covid-19 pandemic has affected every aspect of business and society including foreign direct investment (FDI) activities. According to an UNCTAD estimate, global FDI flows may fall by 40% in 2020-21. The fall will be more severe in developing countries. Looming large are fears of disruption to supply chains, deceleration of international trade, and concerns over likely takeovers by large multinational corporations (MNCs) and state-owned enterprises to take advantage of the weakened economic situation of companies in many countries. Consequently, the governments of many countries have revised guidelines for FDI screening (e.g. Australia, Canada, France, India, Italy, and Spain) so as to protect companies and critical assets that are of strategicimportance such as security, medical products, and protective equipment. This article examines the nature and extent of these changes to determine whether there is convergence or divergence in their responses. The findings provide some support to the convergence hypothesis.
查看更多>>摘要：Being part of the integration grouping, Poland benefits from the geographic, cultural and cognitive proximity to the largest investors. Making reference to the vulnerability concept and the changing nature of globalisation, presenting stylised facts on foreign direct investment (FDI) and comparing FDI to other foreign capital flows - the paper aims to predict the role of foreign-owned entities (FOEs) in Poland in the process of the post-pandemic recovery. Referring to the performance of FOEs in the 2008 crisis and comparing the volatility of various foreign inflows, FDI shall be perceived as a factor stabilising Poland's economy in a current pandemic slowdown and stimulating the post-pandemic recovery. FOEs reveal a premium over the domestic entities, and therefore their activity in Poland is expected to be helpful in the post-pandemic recovery. The paper formulates recommendations to attract foreign investors to Poland at the post-pandemic time.
查看更多>>摘要：The highly contagious COVID-19 virus spread across the world in a matter of months, beginning in the second half of 2019 and being declared a global pandemic by March, 2020. To limit its continued spread, large parts of economies around the world wereshut down, including in Canada and the USA. These actions resulted in levels of unemployment and contractions in GDP not seen since the Great Depression. Superimposed on these truly extraordinary events have been global supply challenges which manifested themselves in an inability of governments to procure critical medical equipment, which exacerbated the health care crisis, increased protectionist sentiments, and led to new protectionist legalisation across many countries. Furthermore, the COVID-19 shock will reinforce trends that were already present globally to shorten supply chains and slow FDI growth, serving as an important tipping point that should encourage governments to consider policies to mitigate the impact of such changes on host economies. This paper considers how these economic, financial, and legislative developments will likely impact FDI patterns for years to come.
查看更多>>摘要：The covid-19 pandemic has unleashed the requirements of immediate changes in various types of investment and financing. The developed and developing countries require compatible infrastructure to live and survive in the new scenario. Majority of developing countries have to depend on foreign direct investment and short-term financing from external sources to build new infrastructure and start the new types of businesses. This situation requires reallocation of foreign direct investment and fiscal resources. The bridge financing through external short-term borrowing may help the institutions in developing countries to maintain their liquidity position for their perpetuity and survival. The study recommends that bridge financing is required to support the economic and business activities during the economic depression and lock down period during the covid-19 and such other crisis. A mathematical model to assess the sustainability of external financing has also been established in the study.
查看更多>>摘要：This study evaluates the impact of COVID-19 pandemic on oil price, exchange rate and stock market performance, and the implications for Transnational Corporations (TNCs) and Foreign Direct Investment (FDI) inflow in Nigeria. The study used daily dataover the period 1 Decebber 2019 to 31 May 2020. The study employed descriptive and causality techniques. The study observed that COVID-19 had adverse effects on oil price, exchange rate and stock market performance in Nigeria. Also, the study observed that COVID-19 had more impact on oil price, exchange rate and stock market performance than the 2009 and 2016 global recessions. The causality estimate showed that oil price had significant influence on exchange rate and stock market performance while exchange rate significantly influenced stock market performance. The study concluded that impact of COVID-19 pandemic on oil price, exchange rate and stock market performance had implications for TNCs and FDI inflow in Nigeria.
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