Drivers of Growth: Evidence from Sub-Saharan African Countries

Ghazanchyan, Manuk; Stotsky, Janet Gale

doi:10.5089/9781475516487.001

Cited by 11 publications

(6 citation statements)

References 14 publications

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“…The first result is that investment and governance and institutional variables are linked positively, albeit sometimes insignificantly, to growth in Africa. This result is similar to result of M. Ghazanchyan and J. Stotsky (2013). Recall also that A.…”

Section: Methodology and Resultssupporting

confidence: 77%

See 1 more Smart Citation

Determinants of the Recent Growth Surge in Africa : What Changed since mid - 1990 s ?

Alaoui¹,

Ezzahid

2016

المغاربية للاقتصاد و التسيير

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Growth performance of African countries since their independence in the late 1950s until mid-1990s is qualified by many scholars as a tragedy. Geography, ethnic fractionalization, conflicts and wars, bad policies, predatory elites, and many other phenomena were the factors presumed to explain the poor or catastrophic growth performance of the bulk of African countries. Fortunately, a revival of the economic growth in the majority of African countries is observed since mid-1990s. Identification of the factors that are instrumental of this growth's surge is of prime importance for policy makers. It is so because growth is the condition, even not sufficient one, to poverty reduction and improvement of standards of life in Africa. In spite of the structural differences between African countries, many factors affect their economies in the same manner. One major result of our paper is that contrary to what is the common belief in the 1970s, 1980s and the first half of the 1990s, investment was positively linked to growth in African countries in the period

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Section: Methodology and Resultssupporting

confidence: 77%

“…Ghazanchyan and J. Stotsky (2013) explored the determinants of the growth surge over the period 1999-2011 for a sample of 42 Sub-Saharan African countries. The authors use cross-section and time series data and employ different econometric techniques.…”

Section: Growth In Africa: From the Tragedy To The Odysseymentioning

confidence: 99%

Determinants of the Recent Growth Surge in Africa : What Changed since mid - 1990 s ?

Alaoui¹,

Ezzahid

2016

المغاربية للاقتصاد و التسيير

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show abstract

“…This result is consistent with the findings by a wide range of studies on the role of institutions in enhancing growth performance (see e.g. Ghazanchyan and Stotsky 2013;Mijiyawa, 2013;Du, 2010). However, the impact of the variable (control of corruption) on growth (0.0826) is relatively higher than the other measures.…”

Section: Analysis Without Interaction Termsupporting

confidence: 91%

Economic Growth Effects of the Interaction of Trade Openness and Institutions Quality: Empirical Evidence From Sub-Saharan Africa

Conteh

Yuan

Sesay

2021

IJEFI

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In its various publications, the International Monetary Fund (IMF) has vigorously advocated the need for reforming African trade policy from inward oriented strategies to outward oriented ones. While most countries in Africa have long accepted the reform agenda, there remains marked differences in their expected growth outcomes. This raises some skepticism about the value of trade openness on growth especially in the Sub-Saharan Africa (SSA). This paper therefore investigates how trade openness impacts growth in SSA. In order to further enrich the debate around trade policy orientation and its corresponding effects on growth, we examine the interaction effect of openness and institutions quality on growth. In doing so, panel data set were collected for a sample of 27 SSA countries covering the period 1996-2016.The study employed a dynamic panel estimation technique with a view of evaluating the relative impact of the predictors on growth. The results revealed that trade openness alone bring significant negative impact on growth performance in SSA. However, the simultaneous interaction of trade openness with institutions quality brings about positive and significant impact on growth. This confirmed that positive impact of trade openness on growth is conditional on the quality of institutions. For policy, our results imply that governments in SSA should first strengthen their institutions while adopting a gradual approach to trade liberalization.

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“…For the 1960-1985 period covering 61 countries, the authors find that a one percentage point increase in the equipment investment-to-GDP ratio is associated with about a third of a percentage point increase in GDP per worker growth per year. Studying 42 SSA countries in 1999-2011, Ghazanchyan and Stotsky (2013) find that a percentage point increase in the private investment-to-GDP ratio is associated with about one-tenth of a percentage point increase in GDP per capita, but they find no evidence that public investments contribute to per capita income growth. Other studies use specific forms of capital investments.…”

Section: Related Literaturementioning

confidence: 94%

Export capacity and capital stock augmentation through imports: Evidence from Sub‐Saharan African countries

2023

South African J Economics

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This paper investigates the capital goods imports of Sub‐Saharan African (SSA) countries from 2002 to 2017. The composition of capital goods imports has become less diverse over time in more than half of the countries studied. Colonial ties no longer determine the sourcing of capital goods as China is now the top source. Trade gravity regressions using the Poisson pseudo‐maximum‐likelihood estimator show that bilateral exports of non‐primary products by SSA countries and their low‐income peers are associated with increased net stock of imported general‐purpose capital goods. Additionally, there is evidence that the net stock of some types of imported equipment and machinery is associated with increased non‐primary exports of items utilising these capital goods with elasticity estimates ranging from 0.10 to 1.10. Thus, there is some form of economic restructuring in the region gleaned from increased exports of non‐primary products brought about by capital stock augmentation through imports.

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Drivers of Growth: Evidence from Sub-Saharan African Countries

Cited by 11 publications

References 14 publications

Determinants of the Recent Growth Surge in Africa : What Changed since mid - 1990 s ?

Determinants of the Recent Growth Surge in Africa : What Changed since mid - 1990 s ?

Economic Growth Effects of the Interaction of Trade Openness and Institutions Quality: Empirical Evidence From Sub-Saharan Africa

Export capacity and capital stock augmentation through imports: Evidence from Sub‐Saharan African countries

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