Financial development, public health financing, and health outcomes in Sub-Saharan Africa.

Background: This paper examines the effect of multi-dimensional financial development on health outcomes in sub-Saharan Africa (SSA). The study decomposes financial development into access, depth, and efficiency and tests their separate effects on health outcomes. The paper also examines the interaction effect of public health spending and financial development on health outcomes.

COVID-19 pandemic and stock market performance: A comparative study of emerging economies.

The paper investigates the co-movement of COVID-19 pandemic and performance of stock markets of four emerging economies. The Quantile-on-Quantile regression model was applied to daily share prices of stock markets from March 13, 2020 to November 30, 2021 in these economies. The results indicate varied relationships across various quantiles of COVID-19 cases and share prices.

Does foreign direct investment asymmetrically influence carbon emissions in sub-Saharan Africa? Evidence from nonlinear panel ARDL approach.

In recent decades, the relationship between foreign direct investment (FDI) and carbon emissions has garnered the extensive attention by researchers and governments across the globe. Also, for most part, empirical studies on this nexus have assumed a symmetric relationship through the imposition of linear specifications. However, such relationships do not account for asymmetries in the impact of FDI on carbon emissions.

Effect of financial inclusion on out-of-pocket health expenditure: empirics from Ghana.

Empirical evidence on the link between financial inclusion and out-of-pocket health expenditure remains sparse while existing studies have mainly not used a multidimensional financial inclusion index. This study examines the link between financial inclusion and out-of-pocket health expenditure in Ghana using data from the seventh round of the Ghana Living Standards Survey. To ensure robustness in findings, the standard instrumental variable (with external instruments) and Lewbel's heteroskedasticity-based instrumental variable approaches are both applied.