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Growth and Institutions: A Potential Medicine for the Poor in Sub-Saharan Africa

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  • Eric Akobeng

Abstract

type="main" xml:lang="en"> The conventional wisdom is that growth is a precondition for poverty reduction. Paying particular attention to the level of growth, poverty and institutions in sub-Saharan Africa (SSA), this paper investigates the effect of GDP per capita growth and sectoral growth on poverty and explores whether the growth-poverty link can be strengthened by institutions. Using the panel dataset of 41 SSA countries over the period 1981–2010 and dynamic two-step system generalized method of moment (GMM) estimator; it is found that GDP per capita growth is an important instrument for poverty reduction. Also, the growth of agriculture and the service sectors have direct poverty-reducing effects. The paper further reveals that good and accountable government, bureaucratic quality and sound policies and regulations are important ingredients in sustaining the growth-poverty link in SSA.

Suggested Citation

  • Eric Akobeng, 2016. "Growth and Institutions: A Potential Medicine for the Poor in Sub-Saharan Africa," African Development Review, African Development Bank, vol. 28(1), pages 1-17, March.
    • Handle: RePEc:bla:afrdev:v:28:y:2016:i:1:p:1-17
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    Cited by:

    1. Gameli Adika, 2020. "Economic growth dynamics between resource‐rich and resource‐poor countries in sub‐Saharan Africa: The role of politics and institutions," African Development Review, African Development Bank, vol. 32(3), pages 303-315, September.
    2. Adams, Samuel & Akobeng, Eric, 2021. "ICT, governance and inequality in Africa," Telecommunications Policy, Elsevier, vol. 45(10).
    3. Steve Yaw Sarpong & Murad A. Bein, 2021. "Effects of good governance, sustainable development and aid on quality of life: Evidence from sub‐saharan Africa," African Development Review, African Development Bank, vol. 33(1), pages 25-37, March.
    4. Cuenca-García, Eduardo & Sánchez, Angeles & Navarro-Pabsdorf, Margarita, 2019. "Assessing the performance of the least developed countries in terms of the Millennium Development Goals," Evaluation and Program Planning, Elsevier, vol. 72(C), pages 54-66.
    5. Isaac K. Ofori & Camara K. Obeng & Simplice A. Asongu, 2022. "What Really Drives Economic Growth in Sub-Saharan Africa? Evidence from The Lasso Regularization and Inferential Techniques," Working Papers of the African Governance and Development Institute. 22/061, African Governance and Development Institute..
    6. Anatole Goundan, 2018. "Colonial Legacy and Economic Efficiency across Africa: A Metafrontier Approach," African Development Review, African Development Bank, vol. 30(2), pages 187-199, June.
    7. Sydney Chikalipah, 2017. "Institutional Environment and Microfinance Performance in Sub-Saharan Africa," African Development Review, African Development Bank, vol. 29(1), pages 16-27, March.
    8. Jonathan E. Ogbuabor & Anthony Orji & Charles O. Manasseh & Onyinye I. Anthony-Orji, 2020. "Institutional Quality and Growth in West Africa: What Happened after the Great Recession?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(4), pages 343-361, November.
    9. Charles O. Manasseh & Timothy E. Mathew & Jonathan E. Ogbuabor, 2017. "Investigating the Nexus between Institutional Quality and Stock Market Development in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach," African Development Review, African Development Bank, vol. 29(2), pages 272-292, June.
    10. Arcade Ndoricimpa, 2017. "Threshold Effects of Debt on Economic Growth in Africa," African Development Review, African Development Bank, vol. 29(3), pages 471-484, September.
    11. Mohammed TOUITOU & Ahmed BOUDEGHDEGH, 2021. "Estimating the relationship between governance, economic growth, inequality and poverty," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(628), A), pages 115-128, Autumn.
    12. Christopher Malikane & Prosper Chitambara, 2017. "Foreign Direct Investment, Democracy and Economic Growth in Southern Africa," African Development Review, African Development Bank, vol. 29(1), pages 92-102, March.
    13. Ingutia, Rose & Rezitis, Anthony N. & Sumelius, John, 2020. "Child poverty, status of rural women and education in sub Saharan Africa," Children and Youth Services Review, Elsevier, vol. 111(C).
    14. Ben Hamouda, Abderrazek, 2018. "La qualité de gouvernance et le triangle croissance-inégalité-pauvreté [The relationship between growth-inequality-poverty triangle and governance]," MPRA Paper 92207, University Library of Munich, Germany.

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