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Determining the correlates of poverty for inclusive growth in Africa

Author

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  • Anyanwu, John C.

    () (Development Research Department, African Development Bank, Tunisia.)

Abstract

In spite of the high growth that Africa has experienced in recent years, poverty, inequality and unemployment remain high, indicating lack of inclusion in the development process and its outcomes. But poverty, for example, can be reduced at a faster rate when inclusive growth strategies are applied and when special income distribution policies are undertaken. This study is an attempt to contribute to the design of inclusive growth policies. It examines the correlates of poverty - headcount index of international poverty line at US$1.25 per day - with multivariate models using data on 43 African countries for the period, 1980 to 2011. Our empirical estimates suggest that higher levels of income inequality, primary education alone, mineral rents, inflation, and higher level of population tend to increase poverty in Africa and therefore bad for poverty reduction and inclusive growth in the continent. On the other hand, higher real per capita GDP, net ODA, and secondary education have significant negative effect on poverty in Africa. Trade openness has positive but insignificant effect on poverty in Africa in spite of the huge liberalization efforts of African countries. The inclusive growth measures of these results are discussed.

Suggested Citation

  • Anyanwu, John C., 2014. "Determining the correlates of poverty for inclusive growth in Africa," European Economic Letters, European Economics Letters Group, vol. 3(1), pages 12-17.
  • Handle: RePEc:ris:eueclt:0021
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    Cited by:

    1. Asongu, Simplice & De Moor, Lieven, 2015. "Recent advances in finance for inclusive development: a survey," MPRA Paper 67299, University Library of Munich, Germany.
    2. Asongu, Simplice A. & Odhiambo, Nicholas M., 2017. "Mobile banking usage, quality of growth, inequality and poverty in developing countries," Working Papers 23396, University of South Africa, Department of Economics.
    3. Simplice Asongu & Ivo Leke, 2017. "External Flows and Inclusive Human Development in Sub-Saharan Africa," Working Papers 17/058, African Governance and Development Institute..
    4. repec:bla:socsci:v:98:y:2017:i:1:p:282-298 is not listed on IDEAS
    5. repec:ids:ijhdev:v:4:y:2018:i:1:p:65-89 is not listed on IDEAS
    6. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    7. Asongu, Simplice & Nguena, Christian, 2014. "Equitable and Sustainable Development of Foreign Land Acquisitions: what have we learnt on policy syndromes and implications?," MPRA Paper 56808, University Library of Munich, Germany.
    8. Simplice Asongu & Vanessa Tchamyou, 2015. "Inequality, Finance and Pro-Poor Investment in Africa," Working Papers 15/052, African Governance and Development Institute..
    9. Simplice A. Asongu & Ndemaze Asongu, 2018. "Comparative determinants of quality of growth in developing countries," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 4(1), pages 65-89.
    10. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Not all that glitters is gold: ICT and inclusive human development in Sub-Saharan Africa," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 3(4), pages 303-322.
    11. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    12. Simplice Asongu, 2014. "Reinventing foreign aid for inclusive and sustainable development: a survey," Working Papers 14/033, African Governance and Development Institute..
    13. Asongu, Simplice & Nwachukwu, Jacinta, 2017. "Comparative human development thresholds for absolute and relative pro-poor mobile banking in developing countries," MPRA Paper 79636, University Library of Munich, Germany.
    14. repec:eme:ijsepp:ijse-08-2016-0221 is not listed on IDEAS
    15. Simplice Anutechia Asongu & Christian Lambert Nguena, 2014. "Equitable and sustainable development of foreign land acquisitions: Lessons, Policies and Implications," AAYE Policy Research Working Paper Series 14_013, Association of African Young Economists, revised Aug 2014.
    16. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Recent finance advances in information technology for inclusive development: a survey," Working Papers 17/009, African Governance and Development Institute..
    17. Simplice Asongu & Jacinta C. Nwachukwu, 2015. "Finance and Inclusive Human Development: Evidence from Africa," Working Papers 15/061, African Governance and Development Institute..
    18. John C. Anyanwu, 2016. "Empirical Analysis of the Main Drivers of Income Inequality in Southern Africa," Annals of Economics and Finance, Society for AEF, vol. 17(2), pages 337-364, November.
    19. Simplice Asongu & Oasis Kodila-Tedika, 2015. "On the Empirics of Institutions and Quality of Growth: Evidence for Developing Countries," Working Papers 15/041, African Governance and Development Institute..
    20. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2017. "Quality of Growth Empirics: Comparative gaps, benchmarking and policy syndromes," Journal of Policy Modeling, Elsevier, vol. 39(5), pages 861-882.
    21. Simplice Asongu & Ndemaze Asongu, 2018. "The comparative exploration of mobile money services in inclusive development," International Journal of Social Economics, Emerald Group Publishing, vol. 45(1), pages 124-139, January.
    22. Simplice Asongu, 2015. "Welfare Spending and Quality of Growth in Developing Countries: Evidence from Hopefuls, Contenders and Best Performers," Working Papers 15/022, African Governance and Development Institute..
    23. Simplice Asongu, 2014. "A brief clarification to the questionable economics of foreign aid for inclusive human development," Working Papers 14/028, African Governance and Development Institute..

    More about this item

    Keywords

    Poverty; Inclusive Growth; Africa;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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