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Effectiveness of Inclusive Growth Strategies on Poverty Reduction in Sub-Saharan Africa

Author

Listed:
  • Ibrahim Abidemi Odusanya

    (Olabisi Onabanjo University, Ago-Iwoye, Nigeria)

  • Anu Keshiro Toriola

    (Hallmark University, Ijebu-Itele, Nigeria)

Abstract

This paper examines the efficacy of inclusive growth strategies in reducing poverty in SSA. The study specifically analyses the effect of economic, social, and institutional inclusiveness on poverty level from 2000 to 2022 for a panel of eighteen (18) lower middle-income countries in SSA. Data were analysed using the Differenced Generalised Method of Moments. Results revealed that inclusive growth leads to reduction of poverty level in the case of higher inclusive growth, suggesting the potency of inclusiveness economic growth may well contribute towards stemming poverty. However, the potential of inclusive growth strategies is yet to be fully realised in SSA.

Suggested Citation

  • Ibrahim Abidemi Odusanya & Anu Keshiro Toriola, 2024. "Effectiveness of Inclusive Growth Strategies on Poverty Reduction in Sub-Saharan Africa," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 22(1), pages 47-66.
    • Handle: RePEc:seb:journl:v:22:y:2024:i:1:p:47-66
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    References listed on IDEAS

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    3. repec:bfy:aijpid:v:5:y:2024:i:2:p:47-57:id:2307 is not listed on IDEAS
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    More about this item

    Keywords

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    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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