The relationship between poverty, income inequality and inclusive growth in Sub-Saharan Africa

Amponsah, Mary; Agbola, Frank W.; Mahmood, Amir

doi:10.1016/j.econmod.2023.106415

Cited by 16 publications

(7 citation statements)

References 75 publications

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“…The findings of the POV model, as presented in Table 6, indicate that a 1% increase in EG results in a reduction of the poverty headcount ratio by approximately 2.997 % of the population. These outcomes are consistent with the results reported by Amponsah et al (2023). Numerous studies have demonstrated that income inequality has a detrimental effect on poverty and exacerbates the challenges associated with achieving inclusive growth.…”

Section: Source: Authors' Estimation Under Eviews 12supporting

confidence: 91%

Dynamic nexus between poverty and indicators for sustainable transportation in MENA countries: Evidence from panel PMG-ARDL approach

Ouni,

Abdallah

2024

Preprint

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Sustainable transportation indicators have attracted significant attention from policymakers, engineers, and academics. This heightened interest can be attributed to the transportation industry's impact on economic growth, poverty alleviation, and the environment. While numerous studies have explored the relationships between the transportation sector, poverty, economic growth, and environmental degradation on a global scale, there is a noticeable research gap concerning the Middle East and North Africa (MENA) region. This study addresses this gap by investigating the nexus between poverty, transportation-related CO2 emissions, economic growth, trade openness, urbanization, road infrastructure and transportation energy consumption in 14 MENA regions from 1983 to 2021. To achieve this objective, this investigation employs the panel pooled mean group-autoregressive distributed lag (PMG-ARDL) model to explore the long-term relationships among these variables. The findings, as revealed by the Dumitrescu-Hurlin panel causality, show a reciprocal relationship between poverty, transportation-related CO2 emissions and economic growth. Moreover, the study identifies a unidirectional relationship running from road infrastructure to poverty. Additionally, a unidirectional causality runs from both economic growth and poverty to transportation-related energy consumption. Furthermore, a bidirectional causality exists between trade openness and transport CO2 emissions, and a unidirectional causality running from trade openness to economic growth. These findings emphasize the importance of policymakers to adopt strategies that equally prioritize poverty alleviation, environmental sustainability, and economic development to attain sustainable transportation in MENA region.

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Section: Source: Authors' Estimation Under Eviews 12supporting

confidence: 91%

Dynamic nexus between poverty and indicators for sustainable transportation in MENA countries: Evidence from panel PMG-ARDL approach

Ouni,

Abdallah

2024

Preprint

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“…This implies that government expenditure in the West has an appreciable effect in reducing income inequality as opposed to SSA. Similarly, [ 16 ] also document that government expenditure exacerbates inequality in SSA. GDP growth reported a significant negative relationship with inequality in the long-run for the West, but no significant relationship was reported for SSA.…”

Section: Resultsmentioning

confidence: 99%

“…Income inequality has empirically been shown to impede growth [9][10][11][12][13]. As asserted by the United Nations Development Programme [14][15][16], high-and rising-income inequality impedes and halts efforts to eradicate poverty. Thus, had income disparity been lower, African countries would have made considerably greater progress in growth and poverty reduction than they have done over the years [7].…”

Section: Introductionmentioning

confidence: 99%

Examining the impact of personal freedom on income inequality: Evidence from Sub-Saharan Africa and Western European regions

Ohene Kwatia,

Amewu,

Boachie

2024

PLoS ONE

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Rising income inequality has recently garnered intensive attention owing to its significance in theory and practice. This has rendered the mechanism through which inequality can be understood, even from a microscopic perspective, to institute proper policies that curtail it important. We contribute to the literature by examining the effect of freedom on income inequality using data from 34 least-free and 18 most-free countries from 2000 to 2020 in Sub-Saharan Africa and Western Europe, respectively. A novel fixed-effects panel quantile regression econometric estimator was employed, and the findings showed a non-linear relationship between personal freedom and income inequality for both regions. Again, both regions reported an inverse relationship between personal freedom and income inequality within the medium-run quantiles. However, a positive relationship was reported in the short-run and long-run quantiles of Sub-Saharan Africa and Western Europe, respectively, whereas the inverse was the same. Finally, the significant adverse relationship was more dominant in Western Europe, implying that high levels of personal freedom in the region explain the low levels of income inequality compared to Sub-Saharan Africa, which has lower levels of personal freedom and higher income inequality. Concerning the findings, it is recommended that policymakers and governments of least- and most-free regions institutionalise personal liberties that support human capital development and establish mechanisms to implement enacted freedoms.

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“…Moreover, a review of the existing literature shows the absence of a good indicator to measure inclusive growth. Most of the works done in this regard have chosen the quality index of economic growth (e.g., Omar & Laamire, 2021;Amponsah et al, 2023). However, researchers and large institutions are now focusing on the search for inclusive growth because of the challenges posed by economic growth and its inability to measure well-being.…”

Section: Conventional Finance and Inclusive Growthmentioning

confidence: 99%

Contribution of Islamic Finance to Inclusive Growth: A Comparative Study of the West African Economic and Monetary Union (WAEMU) and North African Countries

Youssouf,

Mostafa

2024

IJIF

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ABSTRACT Purpose — In recent years, economic growth in the West African Economic and Monetary Union (WAEMU) has been positive, but the precariousness of the population has remained virtually unchanged. Thus, the search for inclusive growth should be considered, and that is the subject of this comparative study to determine the contribution of Islamic finance to inclusive growth. Design/Methodology/Approach — First, this paper sets up an inclusive growth index to undertake a comparative study between WAEMU countries and North African countries before and after the integration of Islamic finance in order to examine the impact of Islamic finance in these countries. The paper then compares these two areas, WAEMU countries and North African countries, variable-by-variable, using a Student’s t-test over the period 2010–2023. The group of North African countries included in this study is found to have a high Islamic finance development indicator compared to the WAEMU zone. Findings — The results show that growth is more inclusive in North African countries. However, the lack of data on Islamic financial institutions operating in the countries examined makes it impossible to determine the extent of their contribution to the economies of these countries. Originality/Value — The studies that have dealt with this topic have been limited to the relationship between finance and the components of inclusive growth. Others have chosen the quality of economic growth as the variable for inclusive growth. However, this study goes beyond that by showing the influence of Islamic finance on an index of inclusive growth that takes into account eight components. This adds value to the existing literature.

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The relationship between poverty, income inequality and inclusive growth in Sub-Saharan Africa

Cited by 16 publications

References 75 publications

Dynamic nexus between poverty and indicators for sustainable transportation in MENA countries: Evidence from panel PMG-ARDL approach

Dynamic nexus between poverty and indicators for sustainable transportation in MENA countries: Evidence from panel PMG-ARDL approach

Examining the impact of personal freedom on income inequality: Evidence from Sub-Saharan Africa and Western European regions

Contribution of Islamic Finance to Inclusive Growth: A Comparative Study of the West African Economic and Monetary Union (WAEMU) and North African Countries

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