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Industrial Sector Growth, Macroeconomic Performance, and Corruption in the Sub Sahara Africa

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  • Atanda Oyerinde Adewale

    (University of Lagos, Nigeria)

Abstract

The study investigates the impacts of macroeconomic performance and corruption on the industrial growth of the SSA. The industrial sector is seen as the engine of the economic development of any country and hence policies that will promote the growth of the sector cannot be over emphasized. The study investigated effects of macroeconomic variables such as exchange rate, economic growth, inflation rate and unemployment rate as measures of economic performance in the SSA on the industrial sector growth. Also quality of institutions effects on industrial sector is investigated using control of corruption as proxy. The preliminary diagnostic results show that Panel Auto-Regressive Distributed Lags P-ARDL is appropriate for the estimation and the results show that both macroeconomic performance and corruption have significant impacts of the industrial sector growth in SSA. However, an exchange rate that will encourage domestic production, minimum inflation, and unemployment rates, will guarantee sustainable growth in the industrial sector, while tightening grip on control of corruption.

Suggested Citation

  • Atanda Oyerinde Adewale, 2019. "Industrial Sector Growth, Macroeconomic Performance, and Corruption in the Sub Sahara Africa," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 64(2), pages 72-83, August.
    • Handle: RePEc:vrs:subboe:v:64:y:2019:i:2:p:72-83:n:5
    DOI: 10.2478/subboec-2019-0010
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Industrial sector growth; Macroeconomic performance; Corruption;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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