International Journal of Sustainable Development & World Policy

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No. 2

Natural Resource Rents-Capital Flight Nexus in Selected ECOWAS Countries: Evidence from Non-Linear ARDL Approach

Pages: 81-97
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Natural Resource Rents-Capital Flight Nexus in Selected ECOWAS Countries: Evidence from Non-Linear ARDL Approach

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DOI: 10.18488/journal.26.2021.102.81.97

Abdulfatai A. Adedeji , Sherifat W. Kogbodoku

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Abdulfatai A. Adedeji , Sherifat W. Kogbodoku (2021). Natural Resource Rents-Capital Flight Nexus in Selected ECOWAS Countries: Evidence from Non-Linear ARDL Approach. International Journal of Sustainable Development & World Policy, 10(2): 81-97. DOI: 10.18488/journal.26.2021.102.81.97
The challenge of capital flight in the ECOWAS sub-region is worrisome. Huge revenue from natural resources also contributes to the relocation of available resources necessary for the development of the region. The study identifies the revenue from natural resources as a key driver of capital flight in the region. Hence, this study analyzed the effect of natural resource rents on capital flight in ECOWAS countries accounting for the role of asymmetry. Also, the study employed the nonlinear autoregressive distributed lag (NARDL) model to account for short-run and long-run asymmetries. The results revealed the presence of asymmetry in five countries, while two countries displayed symmetric effects. It also showed that the symmetric effect of natural resource rents on capital flight is weak for Guinea and Nigeria in the short-run while the long-run effect is not more pronounced for Nigeria. In the case of asymmetric effect, natural resource rents amplified capital flight in Cape Verde and Sierra Leone. Further evidence shows that the non-linearity of natural resource rents does not encourage capital flight in Burkina Faso, Cote d’Ivoire, and Ghana. Hence, the countries should promote transparency and accountability in the management of proceeds from natural resources to enhance development in the region.
Contribution/ Originality
This study uses new estimation methodology to examine the relationship between total natural resource rents and capital flight in selected ECOWAS countries. This provides insight into whether high/low rents from natural resources are associated with high/low capital flight.

Effects of Green Human Resource Management on Employee Green Behavior: Moderating Role of Employee Environmental Knowledge

Pages: 64-80
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Effects of Green Human Resource Management on Employee Green Behavior: Moderating Role of Employee Environmental Knowledge

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DOI: 10.18488/journal.26.2021.102.64.80

Kajol Karmoker , Farhana Amin Kona , Amanta Hasnat Oyshi , Kazi Snigdha Yasmin

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Kajol Karmoker , Farhana Amin Kona , Amanta Hasnat Oyshi , Kazi Snigdha Yasmin (2021). Effects of Green Human Resource Management on Employee Green Behavior: Moderating Role of Employee Environmental Knowledge. International Journal of Sustainable Development & World Policy, 10(2): 64-80. DOI: 10.18488/journal.26.2021.102.64.80
The study was conducted with an objective of measuring the effects of green human resource management (green HRM) practices on employee on-the-job and off-the-job green behavior within the context of garments industry in Bangladesh. Moreover, the study tested the moderating effects of employee environmental knowledge on the relationship between green HRM practices and employee on-the-job and off–the-job green behavior. A self-administered questionnaire survey was conducted in order to collect data from the participants. Two hundred and seventy employees working at the managerial level of garments factories in Bangladesh participated in the survey. Moderated regression analysis was employed to test the proposed research model. The study findings revealed that green HRM practices positively and significantly influenced employee on-the-job and off-the-job green behavior. This findings suggest that employee green behavior displayed both inside and outside the organization stem from the learnings and experiences inside the organization. Employee environmental knowledge was also found to moderate the effects of green HRM practices on employee on-the-job and off-the-job green behavior indicating that green HRM effects are stronger in case of environmentally concerned employees. The study findings provide HR professionals and policy makers with the guidance regarding the promotion of employee green behavior for improving environmental performance.
Contribution/ Originality
This study contributes to the existing literature by exploring the effects of green HRM practices on both employee on-the-job and off-the-job green behavior which has not been previously incorporated in other studies of green HRM practices.

External Debt Dynamics and Sustainable Growth in Nigeria

Pages: 51-63
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External Debt Dynamics and Sustainable Growth in Nigeria

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DOI: 10.18488/journal.26.2021.102.51.63

Victor Chijioke Ndubuaku , Michael Ugochukwu Uche , Cynthia Chika Onwuka , Patricia Ozioma Ifeanyi

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Victor Chijioke Ndubuaku , Michael Ugochukwu Uche , Cynthia Chika Onwuka , Patricia Ozioma Ifeanyi (2021). External Debt Dynamics and Sustainable Growth in Nigeria. International Journal of Sustainable Development & World Policy, 10(2): 51-63. DOI: 10.18488/journal.26.2021.102.51.63
The paper provides empirical insights about how the interactions between the external debt and external sector dynamics impacts on economic growth in Nigeria. The paper underscored the critical desire to understand how debt-growth relationship could be optimized for sustainable economic development and growth in developing countries. It proposes modelling the external sector and debt dynamics in order to attain sustainable development in Nigeria. This study became imperative because Nigeria occupies a very significant position in Africa. Nigeria, though a developing country, is currently the largest black nation in the world and most populous country in Africa. The paper opted for an ex post facto research design using CBN statistics extrapolated from its statistical bulletin with 37year coverage from1980-2016. The data was analyzed using the ARDL and granger causality technique coupled with other pre-estimation and diagnostic tests. The result showed foreign-debt and debt-service was negatively not-significant on sustainable growth. It was concluded that though Nigeria wasn’t wrongly positioned on the debt-laffer-curve, the economy had not benefitted positively from the mass of debt funds accessed. The paper's primary contribution is finding that external debt and debts service had a negative (not-significant) impact on economic growth in Nigeria. The policy implication of this research may be applied to other developing countries. The propositions may however lack general applicability in more advanced economies.
Contribution/ Originality
The paper contributes in the literature by providing empirical insights about how the interactions between the external debt and external sector dynamics impacts on economic growth in Nigeria.