Richard Adjei Dwumfour
Biographic Data
| ID | 4265144 |
|---|---|
| NAME | Richard Adjei Dwumfour |
| GIVEN NAMES | Richard Adjei |
| FAMILY NAME | Dwumfour |
| SIGNATURE | DWUMFOUR R A |
| AFFILIATIONS | University of Ghana |
| ORCID | 0000-0002-0408-9159 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 2 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2020 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 1 |
When fear disrupts growth
This paper develops a dynamic Ramsey-Cass-Koopmans (RCK) model to analyse the macroeconomic impact of terrorism-induced fear on tourism and growth. We introduce a behavioural mechanism where households’ utility from tourism consumption is distorted by a time-varying security perception index, θ ( t ) , which declines following terrorist attacks. This fear channel reduces savings and investment, slowing capital accumulation and long-run growth. Ou…
Foreign direct investment and inclusive finance
We examine the impact of foreign direct investment (FDI) on financial inclusion. To identify the causal effect of FDI on financial inclusion, we use plausibly exogenous source of variations in bilateral investment treaties (BITs) as a novel instrumental variable (IV) for net FDI inflows. Using annual data for a broad panel of 90 countries over the period 2004 to 2017, our results show that FDI improves financial inclusion for both “access to fina…
Lightening the path to financial development
This paper examines the impact of access to electricity on financial development. In doing so, we use a number of instrumental variables (IV) approaches. Using panel data for 38 countries in Sub‐Saharan Africa over the period 2000–2018, the results suggest that more people having access to electricity can promote financial development. In addition, mobile phone and commercial bank branches diffusion serve as potential channels through which acces…
Bank efficiency and the bank lending channel
Poverty in Sub-Saharan Africa
Poverty in Sub-Saharan Africa
Bank efficiency and the bank lending channel
Lightening the path to financial development
This paper examines the impact of access to electricity on financial development. In doing so, we use a number of instrumental variables (IV) approaches. Using panel data for 38 countries in Sub‐Saharan Africa over the period 2000–2018, the results suggest that more people having access to electricity can promote financial development. In addition, mobile phone and commercial bank branches diffusion serve as potential channels through which acces…
Foreign direct investment and inclusive finance
We examine the impact of foreign direct investment (FDI) on financial inclusion. To identify the causal effect of FDI on financial inclusion, we use plausibly exogenous source of variations in bilateral investment treaties (BITs) as a novel instrumental variable (IV) for net FDI inflows. Using annual data for a broad panel of 90 countries over the period 2004 to 2017, our results show that FDI improves financial inclusion for both “access to fina…
When fear disrupts growth
This paper develops a dynamic Ramsey-Cass-Koopmans (RCK) model to analyse the macroeconomic impact of terrorism-induced fear on tourism and growth. We introduce a behavioural mechanism where households’ utility from tourism consumption is distorted by a time-varying security perception index, θ ( t ) , which declines following terrorist attacks. This fear channel reduces savings and investment, slowing capital accumulation and long-run growth. Ou…
Business (4 works) · Economics (4 works) · Economic Growth and Development (3 works) · Finance (3 works) · Computer Science (2 works) · Econometrics (2 works) · Economic growth (2 works) · Financial system (2 works) · Monetary economics (2 works) · Panel data (2 works)