Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Akobeng, Eric

doi:10.1080/17487870.2015.1128833

Cited by 30 publications

(19 citation statements)

References 87 publications

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“…On the individual components, our results corroborate with Akobeng (2017) on the low level of institutional quality in Africa. While Akobeng (2017) found the average corruption perception index between 1981 and 2010 to be just 3 out of 10, our results also show a low control of corruption at a value of 2.327. Again, while bureaucratic quality was a mere 1.4 out of a maximum value of 4 for Akobeng (2017), we found similar values at 1.41.…”

Section: Resultssupporting

confidence: 90%

“…It suggests that on the average, issues of law and disorder, governance instability, transaction costs, property rights and profit repatriation in terms of capital flows are still critical on the continent. On the individual components, our results corroborate with Akobeng (2017) on the low level of institutional quality in Africa. While Akobeng (2017) found the average corruption perception index between 1981 and 2010 to be just 3 out of 10, our results also show a low control of corruption at a value of 2.327.…”

Section: Resultssupporting

confidence: 90%

“…While Akobeng (2017) found the average corruption perception index between 1981 and 2010 to be just 3 out of 10, our results also show a low control of corruption at a value of 2.327. Again, while bureaucratic quality was a mere 1.4 out of a maximum value of 4 for Akobeng (2017), we found similar values at 1.41. The mean of individual components of the institutional quality index thus corroborates the low level of institutions in Africa.…”

Section: Resultscontrasting

confidence: 71%

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Private Capital Flows, Real Sector Growth and Institutional Quality in Africa

Asamoah

Alagidede

Adu

2020

J of Intl Development

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The article examines the interconnections between capital flows, institutions and real sector growth in Africa. We show that capital flows (foreign direct investment, private debt and equity) have no direct favourable impact on the real sector. Initial assessments show that countries with robust institutional frameworks can benefit significantly from capital flows, as institutions moderate the positive impact of capital flows on real sector growth. Our marginal effect analyses show that the impact of private capital on real sector components is dependent on the type of capital, sector and the percentile level on institutions, in some cases, at the 90th percentile. © 2020 John Wiley & Sons, Ltd.

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Section: Resultssupporting

confidence: 90%

Section: Resultssupporting

confidence: 90%

Section: Resultscontrasting

confidence: 71%

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Private Capital Flows, Real Sector Growth and Institutional Quality in Africa

Asamoah

Alagidede

Adu

2020

J of Intl Development

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“…Globally, the sub‐Saharan African (SSA) region has the highest record of under‐5 child mortality and the least life expectancy at birth of 52.5 years (Akobeng, 2017). The disparity between life expectancy of the developed and developing economies in this region is wide.…”

Section: Introductionmentioning

confidence: 99%

Effects of good governance, sustainable development and aid on quality of life: Evidence from sub‐saharan Africa

Sarpong

Bein

2021

African Development Review

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The paper empirically investigates the effects of governance (GGov), official development assistance (ODA), sustainability [adjusted net savings (ANS)], and macroeconomic variables on the quality of life [human development index (HDI)] for selected sub-Saharan African (SSA) countries using the most recent data from 2000 to 2017. The study employed different panel techniques. The findings provide insightful and interesting empirical results that resonate with the magnitude of a significant of the role of GGov on ANS and HDI. Our study shows that GGov is important to improve HDI. Additionally, ANS has important implications on the well-being of human existence in SSA. In addition to these, this study found that macroeconomic variables such as trade openness and economic growth, wealth, and opportunity creation factors like urbanization and electrification rate are essential. Furthermore, empirical results revealed that ODA has a negative and significant association with HDI, which is in line with some of the existing literature. Our findings have several implications for organizations such as the World Bank, International Monetary Fund, and African Development Bank. This study serves as a policy instrument and guides in coordinating SSA on promoting HDI. 1 | INTRODUCTION Globally, the sub-Saharan African (SSA) region has the highest record of under-5 child mortality and the least life expectancy at birth of 52.5 years (Akobeng, 2017). The disparity between life expectancy of the developed and developing economies in this region is wide. The African continent is the poorest. For instance, the life expectancy of a Japanese person is 86.8 years as compared to a person living in Sierra Leone averaging 49.3 years for men and 50.8 years for women (Arimah, 2004; Bloom et al., 1998; Hanmer et al., 1999). Poverty is a crucial factor that militates against quality of life. A 2018 World Bank report indicates that there was an increase in the number of poor people in Africa from 280 million in the year 1990 to 330 million in 2012 (World Bank, 2018). About 50% of the population in Africa live on less than a dollar a day (Arimah, 2004). It is borne out of several social and economic factors, such as unemployment and lack of social support systems, which predispose people to all kinds of economic hardships including the inability to afford health care and basic necessities in life. These factors come together to affect people's quality of life. Many factors can affect the quality of life status and a country's ability to respond to the needs of its population. Among these factors are good governance (GGov), official aids, and a sustainable community. This paper examines the effects of sustainable development, GGov, aid, and macroeconomic variables on the quality of life for a sample of 26 SSA countries for the period 2000-2017. The estimation was done using different panel technique models. The main results show a positive relationship between GGov and quality of life. Also, sustainable development contributes positively to quali...

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“…It also referred to increase in the physical asset which is the subtraction of disposal from investment within a measurement period. This study treat is as independent variable and measure it as the percentage of gross domestic product (GDP) following the studies of (Mushtaq, Mohsin, & Zaman, 2013;Rauf et al, 2018;Ongo & Vukenkeng, 2014;Akobeng, 2017). The gross capital formation usually reduces the poverty in the country and as a result increases in the labor market.…”

Section: Gross Capital Formationmentioning

confidence: 99%

The Impact of Public Health Policy on Labor Force Participation in Paksitan: A Bound Test Approuch

Khaliq¹

2019

jsss

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The main objectives of the current study to examine and forecast the short and long run nexus of public health policy on the labor force participation. Current study select eight indicators for the in depth measurement of public health policy in Pakistan. Moreover, the study relies on time series data which was collected from the World development indicator (WDI) and Pakistan bureau of statistics for the period of forty five years (1972-2016). This helped in providing comprehensive description of the labor force participation. The study used auto regressive distributed lagged (ARDL) and Bound test for the short and long run relationship. In addition, the study also used cumulative sum of residuals (CUSUM) and cumulative sum of squared of residuals (CUSUMSQ) for the stability of finding. Result of the study presents that most of the explanatory indicators have significant short and long run relationship with the labor force participation of the country. Specifically, age dependency, health expenditure, secondary school enrollment, trade openness and gross capital formation are the most prevalent factors influencing the labor force supply of the country. Moreover, finding of the current study is confirmed through stability tests like CUSUM and CUSUMSQ. The study provides in depth information for the policy maker to design policy in favor of peoples in order to maximize the labor force and increase the economic development of the country.

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Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Cited by 30 publications

References 87 publications

Private Capital Flows, Real Sector Growth and Institutional Quality in Africa

Private Capital Flows, Real Sector Growth and Institutional Quality in Africa

Effects of good governance, sustainable development and aid on quality of life: Evidence from sub‐saharan Africa

The Impact of Public Health Policy on Labor Force Participation in Paksitan: A Bound Test Approuch

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