Browsing by Author "Afolabi, J."

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Savings-Investment Gap in Sub Saharan Africa: Does the Interaction of Financial Sector Development and Migrant Remittances Matter?
    (Statistics, Department of the Central Bank of Nigeria:, 2022) Adeniyi, O. A.; Afolabi, J.; Adekunle, W.; Babatunde, M.; Omiwale, E.
    This study analyzes the interactive effects of migrant remittances and financial development on savings-investment gap for a panel of 18 Sub-Saharan Africa (SSA) countries from 1990-2017. Results from a panel ARDL model show that migrant remittances reduce savings-investment gap in the long run. The gap is further reduced when the individual effect of financial development, and the interactive effects of migrant remittances and financial development are taken into consideration. Further analysis reveals evidence of widening effects of rising real GDP growth and bank deposits over a long-term horizon, while higher private sector credit widened the savings-investment gap only in the short-run. The study suggests the need for a policy to reduce migrant remittance transfer costs and encourage beneficiaries to prioritize investment over consumption.
  • Thumbnail Image
    Item
    Tourism-Income Inequality Nexus in Africa: Evidence from SADC countries
    (Taylor & Francis (Routledge), 2023) Adeniyi, O. A.; Adekunle, W.; Afolabi, J.; Kumeka, T.
    The tourism sector is one of the fastest-growing services sub-sectors worldwide and promises to unlock job opportunities and improve social inclusion outcomes in developing countries. We focused on the Southern African Development Community (SADC) region, which houses developing countries with high income inequality and constitutes attractive tourist centres in sub-Saharan Africa. We employed both the disaggregated and composite indicators of tourism development to investigate the tourism-income inequality nexus in the SADC region from 2010 to 2019. Utilizing the panel quantile regression approach, our overall results suggest that tourism development is inequality-worsening, and this is robust to both the composite tourism index and the individual tourism indicators (except in a few instances). While we established that net FDI inflows improve the inequality outcomes in the region, less corruption worsens inequality (except in a few cases). Accordingly, we offer relevant policy options for the governments of the SADC region.