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Dr Godwin Okafor

Job: Senior Lecturer in Economics

Faculty: Business and Law

School/department: Leicester Castle Business School

Address: De Montfort University, The Gateway, Leicester, LE1 9BH

T: 0116 257 7280




Personal profile

Godwin Okafor is a Senior Lecturer in Economics at De Montfort University, Leicester. He was previously a Lecturer in Economic Development at Southampton Solent University, UK.

He had his PhD from Bournemouth University, UK. His PhD focussed mainly on Foreign Direct Investment and Economic Growth in Sub-Saharan Africa. During his PhD, he was an Associate Lecturer in Economics and Finance at Bournemouth University. Godwin also has an MA (2011) degree in International Business with Economics from Bournemouth University, UK.

Godwin’s research interests are in the areas of International Economics, Economic Development and Global Economic Challenges. Within International Economics his main interest is on foreign direct investment, international trade, foreign aid, and remittances. Research related to Economic Development includes economic growth, governance (political instability and corruption), impact of fiscal and monetary policies, and economic activity and policy that are directed towards achieving economic development goals.

Godwin’s research interests have generated plenty outputs in the form of, accepted, submitted, and working papers; book contribution; and presentations at international conferences. Similarly, he reviews for a number of international journals including the Journal of Developing Areas, Comparative Economics, African Development Review, International Review of Applied Economics, Thunderbird International Business Review, International Business Review, etc. Godwin also supervises PhD students.

Publications and outputs

1. Okafor, G. and Ede, O., 2021. Kidnapping Rate and Capital Flight: Empirical Evidence from Developing Countries. International Journal of Finance & Economics, DOI:

 2. Okafor, G., Ede, O., Chijoke‐Mgbame, A. M., Ohalehi, P. and Mgbame, O. C., 2021. Ownership Structure, Corruption, and Capital Investment: Evidence from Firms in Selected Sub‐Saharan African Countries. Thunderbird International Business Review. DOI:

 3. Owusu-Agyei, S., Okafor, G., Chikoke-Mgbame, M., Ohalehi, P., and Fakhrul, H., 2020. Internet Penetration and Financial Development in Sub-Saharan Africa. Technological Forecasting and Social Change, 161, p. 120293

 4. Tauringana, V., Ishmael T., Okafor, G., and Widin Bongasu Sha’ven, 2020. Terrorism and Global Business Performance. Internal Journal of Finance and Economics, DOI: 10.1002/ijfe.2085

 5. Ishmael T., Okafor, G., Tauringana, V., and Zalata, A., 2019. Terrorism and Country-Level Global Business Failure. Journal of Business Research, 98, 430-440

 6. Chikalipah, S., and Okafor, G., 2019. Dynamic Linkage Between Economic Growth and Human Development: Time Series Evidence from Nigeria. Journal of International Development, 31(1), 22–38

 7. Joseph‐Richard, P., Jessop, T., Okafor, G., Almpanis, T. and Price, D., 2018. Big Brother or Harbinger of Best Practice: Can Lecture Capture Actually Improve Teaching?. British Educational Research Journal, 44(3), 377–392

 8. Okafor G., and Piesse, J., 2018. Empirical Investigation into the Determinants of Terrorism: Evidence from Fragile States. Defence and Peace Economics, 29(6), 697–711

 9. Okafor, G., Piesse, J. and Webster, A., 2017. FDI Determinants in Least Recipient Regions: The Case of Sub‐Saharan Africa and MENA. African Development Review, 29(4), 589-600

 10. Okafor, G., 2017. The Determinants of Firm Performance and Bribery: Evidence from Manufacturing Firms in Nigeria. International Economic Journal, 31(4), 647–669

 11. Okafor, G., and Webster, A., 2016. FDI in Transition Economies of Europe and the Former Soviet Union. In: Holscher, J., and Tomann, H., ed. Palgrave Dictionary of Emerging Markets and Transition Economies. Palgrave Macmillan

 12. Okafor, G., 2015. Locational Determinants of US Outward FDI into Sub-Saharan Africa. Journal of Developing Areas, 49(1), 187 – 205

 13. Okafor, G., 2015. The Impact of Political Instability on the Economic Growth of ECOWAS Member Countries. Defence and Peace Economics, 28(2), 208–229

 14. Okafor, G., Piesse, J., and Webster, A., 2015. The Motives for Inward FDI into Sub-Saharan Africa Countries. Journal of Policy Modelling, 37(5), 875 – 890

 15. Okafor, G., 2015. Impact of Financial Sector Development on Economic Growth of Nigeria. Africagrowth Agenda, 12(3), 4–9

Research interests/expertise

International Economics - International Trade, FDI, Economic Development, Global Economic Challenges, Applied Economics

Areas of teaching

Economic Development

International Trade  



Membership of professional associations and societies


Consultancy work

Government of Gibraltar – Research Assistant (2015)

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