Professor Imhotep Alagidede
Economics, Management Science and Information Systems
Finance and Accounting
Courses and Disciplines taught at Wits Business School:
Development and Entrepreneurial Finance; Applied Financial Econometrics.
Other Teaching Experience:
Visiting Professor of Economics, University of Ghana, Legon, Accra, Ghana; Visiting Professor in African and Emerging Markets and Public Sector Finance, University of Stellenbosch Business School, Stellenbosch, South Africa; Visiting Professor of Finance, International Business School Suzhou, Xi'an Jiaotong-Liverpool University, Suzhou, China; Visiting Professor in Public Sector Economics, African Economic Research Consortium, Nairobi, Kenya; Visiting Professor in Public Sector Finance, Graduate School of Business, University of Cape Town, Cape Town, South Africa.
Industry and Professional Experience:
Imhotep Alagidede is a metaeconomist with two decades of experience in development economics and finance, international policy analysis, strategic choices and planning, resource mobilisation and partnership building. He has offered policy advice through cutting edge research (Ethiopia’s tax reform; Nigeria’s parallel exchange rate regimes; Ghana’s public debt crisis and fiscal constraints; South Africa’s over bloated financial sector; corporate restructuring in Germany; Zambia’s energy dilemma; Zimbabwe’s monetary system and value chain agriculture; African Continental Free Trade Area). These have made inputs to national development plans and enhanced the knowledge of policy makers on various economic themes. Imhotep has consulted widely for the International Growth Centre on exchange rate volatility and deficit financing; the African Development Bank on financial sector development and economic growth; the United Nations on commodity price dynamics and implications for developing countries. He founded AREF Consult, a world class training, research, consultancy and advisory network offering alternative pathways to economic development. The African Continental Free Trade Area (AfCFTA) report that resulted in the birth of the AfCFTA Secretariat in Accra is one of the key points of AREF Consult, in addition to beer tax reform in Ethiopia, ease of doing business in Nigeria, and cannabis value chains in the Eastern Cape of South Africa. Executive Director, AREF Consult; Board Chairman, Gracecoms Institute of Technology; Non-Executive Director, African Journals Online; Board Chairman, Gnostic Agritech Limitless; Board Chairman, Meta Engineering and Construction Corporation; CEO, Nsawkaw Mystery Farms; President and Chancellor, Nile Valley Multiversity.
Recent Publications and Scholarly Contributions:
Asamoah, M. E., Alagidede, I. P., & Adu, F. (2021). Financial development, portfolio investments and the real economy in Africa. Economic Systems. (Forthcoming).
Iddrisu, A. A., & Alagidede, I. P. (2021). Monetary policy and food inflation in emerging and developing economies. Routledge, London. ISBN 9781032049663. 136 Pages.
Ibrahim, M., & Alagidede, I. P. (2021). Threshold effects of financial access on income inequality in Africa: empirics and policy implications. In A. H. Ahmad, D. Lewellen, & V. Murindi (Eds), Inclusive Financial Development. Edward Elgar, London. ISBN: 9781800376373.
Asamoah, M. E., Alagidede, I. P., & Adu, F. (2021). Private capital flows, real sector growth and institutional quality in Africa. Journal of International Development, 33(1), 171-207.
Rusike, T. G., & Alagidede, I. P. (2021). The impact of sovereign credit ratings on Eurobond yields: Evidence from Africa. Research in International Business and Finance 58, 101475.
Omane-Adjepong, M., & Alagidede, I. P. (2021). Exploration of safe havens for Africa's stock markets: A test case under COVID-19 crisis. Finance Research Letters 38, 101877.
Iddrisu, A. A., & Alagidede, I. P. (2021). Is the monetary policy behaviour of the South African Reserve Bank nonlinear? Global Business and Economics Review 24(2), 193-209.
Asamoah, M. E., & Alagidede, I. P. (2021). Foreign direct investment, real sector growth and financial development. International Journal of Finance & Economics. https://doi.org/10.1002/ijfe.2440Links to an external site..
Omane‐Adjepong, M., & Alagidede, I. P. (2021). Modelling asymmetry and leverage in cryptocurrencies and emerging financial markets. Economic Papers: A Journal of Applied Economics and Policy 40(2), 152-166.
Akosah, N. K., Alagidede, I. P., & Schaling, E. (2021). Dynamics of money market interest rates in Ghana: Time‐frequency analysis of volatility spillovers. South African Journal of Economics. https://doi.org/10.1111/saje.12287Links to an external site..
Alagidede, I. P., Boako, G., & Sjo, B. (2021). African equity markets’ exposure to oil and other commodities-implications for global portfolio diversification. Journal of Economics and Finance, 45(2), 288-315.
Afego, P. N., & Alagidede, I. P. (2021). What does corporate social advocacy signal? Evidence from boycott participation decisions. Journal of Capital Markets Studies, 5(1), 49-68. https://www.emerald.com/insight/content/doi/10.1108/JCMS-10-2020-0040/full/htmlLinks to an external site.
Iddrisu, A. A., & Alagidede, I. P. (2021). Asymmetry in food price responses to monetary policy: A quantile regression approach. SN Business & Economics, 1(3), 1-25.
Alagidede, I. P., Boako, G., & Sjo, B. (2021). African equity markets’ exposure to oil and other commodities - Implications for global portfolio diversification, 45(2), 288-315. https://ideas.repec.org/a/spr/jecfin/v45y2021i2d10.1007_s12197-020-09527-3.htmlLinks to an external site.
Boako, G., Alagidede, I. P., Sjo, B., & Uddin, G. S. (2020). Commodities price cycles and their interdependence with equity markets, Energy Economics, 104884.
Amewu, G., & Alagidede, I. P. (2020). Mergers, executive compensation and firm performance: The case of Africa. Managerial and Decision Economics, 42(2), 407-436. https://doi.org/10.1002/mde.3244Links to an external site.
Iddrisu, A. A., & Alagidede, I. P. (2020). Is the interest rate setting behaviour of the Bank of Ghana constrained by high debt levels? African Development Review, 32(3), 459-471. https://doi.org/10.1111/1467-8268.12452Links to an external site..
Omane-Adjepong, M., & Alagidede, I. P. (2020). Dynamic linkages and economic role of leading cryptocurrencies in an emerging market. Asia-Pacific Financial Markets, 27, 537-585. https://doi.org/10.1007/s10690-020-09306-4Links to an external site..
Iddrisu, A. A., & Alagidede, I. P. (2020). Monetary policy and food inflation in South Africa: A quantile regression analysis. Food Policy, 91, 101816. https://doi.org/10.1016/j.foodpol.2019.101816Links to an external site..
Iddrisu, A. A., & Alagidede, I. P. (2020). Revisiting interest rate and lending channels of monetary policy transmission in the light of theoretical prescriptions. Central Bank Review 20(4), 183-192.
Omane-Adjepong, M., & Alagidede, I. P. (2020). High- and low-level chaos in the time and frequency market returns of leading cryptocurrencies and emerging assets. Chaos, Solitons and Fractals 132, 109563.
Akosah, N. K., Alagidede, P., & Schaling, E. (2020). Interest rate and exchange rate volatility spillovers: Multiscale perspective of monetary policy transmission in Ghana. Journal of Central Banking Theory and Practice, 9(1), 135-167. https://doi.org/10.2478/jcbtp-2020-0008Links to an external site..
Padhan, H., Junior, P.O., Tiwari, A. K., & Alagidede, I. P. (2020). Analysis of EEMD-based quantile-in-quantile approach on spot-futures prices of energy and precious metals in India. Resources Policy, 68, 101731. https://doi.org/10.1016/j.resourpol.2020.101731Links to an external site.
Akosah, N., Alagidede, I. P., & Schaling, E. (2020). Testing for asymmetry in monetary policy rule for small-open developing economies: Multiscale Bayesian Quantile evidence. Journal of Economic Asymmetries, 22, 1-29.
Asamoah, M. E., & Alagidede, I. P. (2020). Exploring the causal relationships and allocation puzzle between portfolio investments and real sector growth in Sub-Saharan Africa. Research in International Business and Finance, 52, 101187.
Alagidede, I. P. (2019). Dr. George Adu: A valedictory remembrance. African Review of Economics and Finance 11(1), 3-8.
Ibrahim, M., & Alagidede, I. P. (2019). Asymmetric effects of financial development on economic growth in Ghana. Journal of Sustainable Finance and Investment, 371-387. https://doi.org/10.1080/20430795.2019.1706142Links to an external site..
Alagidede, P., & Akosah, N. K. (2019). Wavelet time-scale persistence analysis of cryptocurrency market returns and volatility. Physica A: Statistical Mechanics and its Applications 514, 105-120. https://doi.org/10.1016/j.physa.2018.09.013Links to an external site.
Omane-Adjepong, M., Ababio, K. A., & Alagidede, I. P. (2019). Time-frequency analysis of behaviourally classified financial asset markets. Research in International Business and Finance 50, 54-69. https://doi.org/10.1016/j.ribaf.2019.04.012Links to an external site..
Amewu, G., & Alagidede, P. (2019). Executive compensation and firm risk after successful mergers and acquisitions in Africa. Managerial and Decision Economics 40(6), 672-703. https://doi.org/10.1002/mde.3037Links to an external site..
Oro, O. U., & Alagidede, I. P. (2019). The non-linear relationship between financial development, economic growth and growth volatility: Evidence from Nigeria. African Review of Economics and Finance 11(2), 67 –97.
Other Scholarly Contributions:
Entrepreneurial System of Higher Education: Imhotep launched the Nile Valley Multiversity as a complement to the existing paradigm of education to train entrepreneurs and a new crop of business leaders whose ethos transcend certification to inner mastery. Through this system, startups such as Gracecoms, Institute for Indigenous Intelligence, Meta Engineering and Construction Corporation, Resonance and Alignment, Gnostic Agritech Limitless have emerged to fill gaps in science, technology, agriculture, industry, healthcare and services.
Founding Editor-in-Chief and Grand Editor: Imhotep has evolved high level journal editing and alternative models in academic and non-academic publishing. Through the Porthologos Press his network now publishes the African Review of Economics and Finance, The Journal of Indigenous and Shamanic Studies, The Ghanaian Journal of Economics, The Journal of African Political Economy and Development and the Journal of Construction and Built Environment. These peer reviewed journals have broadened the scope of scholarly and scientific research, and established a new track of publishing networks.
Great Teaching Manuals in Public Economics (University of Cape Town and Stellenbosch University use Imhotep's Topics in Public Sector Finance as the main source of instruction in their Development Finance programmes); Articles on Calendar Anomalies, Fiscal Sustainability; Sovereign Ratings are seminal teaching materials in 12 countries, and the African Review of Economics and Finance journal which he founded in 2009 is now read in 105 countries worldwide.
Community Engagement:
AREF Consult training in research methodology and advanced econometric modelling for advanced post graduate students and young researchers.
Gracecoms Foundation Free computer classes for pupils in Assin Fosu in the Central Region of Ghana.
Nile Valley Multiversity free mentorship, coaching and internship programmes.
Indigenous Foods Eat-B4-You-Pay Scheme and Free Healthy Meals. Provision of free organic foods for the hungry through the network of Indigenous Foods Restaurant.
Recent Media:
January 2021, New Age Cannabis Podcast: Economically Cannabis.https://www.youtube.com/watch?v=CHyXm7rKxJQLinks to an external site.
October 2019, article and interview on Radio 702, Cannabis: pre-history, economic potential, and future prospects. https://www.702.co.za/articles/365215/cannabis-could-take-sa-s-economy-to-new-heights-says-wits-professorLinks to an external site.